U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Commission File No. 0-16865
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For the Period Ended: March 31, 1996
Nothing in this Form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: _______________________________
______________________________________________________________________________
PART I. Registration Information
Full name of registrant Nantucket Island Associates Limited Partnership
Former name if applicable ____________________________________________
Address of principal executive office
One International Place, Boston, Massachusetts 02110
PART II. Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
[ ] (a) The reasons described in reasonable detail in Part II of this Form
could not be eliminated without reasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the fifteenth calendar day following he
prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III. Narrative
The registrant was unable to obtain all necessary information to prepare
the quarterly report prior to the due date. The registrant will file its Form
10-Q report prior to the expiration of the 5-day extension period.
PART IV. Other Information
(1) Name and telephone number of person in contact in regard to this
notification:
Richard J. McCready 617 330-8600
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is
no, identify report(s). YES [X] NO [ ]
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof? YES [X] NO [ ]
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
The registrant is currently evaluating the effect of complying with SFAS
121. Any impairment which registrant deems appropriate will cause a
significant change in its results of operations as reported for the comparable
period for the last fiscal year.
Nantucket Island Associates Limited Partnership has caused this
(Name of registrant as specified in charter)
notification has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: May 15, 1996 By: /s/ Michael Ashner
Michael Ashner
Chief Executive Officer
of General Partner
