SUMMARIZED FINANCIAL INFORMATION
The following three financial statements (i.e. the Statement of Financial
Condition of Capital Appreciation Plus L.P. I (the "Partnership") at
September 30, 1996 and at December 31, 1995, and the Statement of
Operations for the three months and nine months periods ended September
30, 1996 and 1995, and the Statement of Changes in Partners' Capital for
the nine months ended September 30, 1996 and 1995, in the opinion of
management, include all adjustments (consisting of normal recurring accruals)
necessary for a fair presentation of the financial position and the results
of operations for the periods indicated. Information as of September 30,
1996 and 1995 is unaudited. It is recommended that these financial
statements are read in conjunction with the audited financial statements
and notes thereto included in the Partnership's annual report on Form 10-K
for the year ended December 31, 1995 (the "1995 Form 10-K"). These results
are not necessarily indicative of results for a full year.
CAPITAL APPRECIATION PLUS L.P. I
STATEMENT OF FINANCIAL CONDITION
(Unaudited) (Audited)
Sept. 30, December 31,
1996 1995
--------- ---------
ASSETS:
Equity in commodities futures
trading account: $ 84,147 62,067
Cash 8,022 6,964
Interest receivable 2,967 133
Fee rebates receivable 4,229 0
--------- ---------
TOTAL ASSETS $ 99,365 69,164
========= =========
LIABILITIES AND PARTNERS' CAPITAL
LIABILITIES:
Accrued custodian/service fees 500 1,500
Accrued fixed rate fee 122 2,459
Administration fee payable 5,035 14,397
Redemptions payable 208 1,022
--------- ---------
TOTAL LIABILITIES $ 5,865 19,378
========= =========
PARTNERS' CAPITAL
General Partner 19,585 10,406
(500 Units outstanding)
Limited Partners 73,915 39,380
(1901 and 1945 Units
outstanding at 6/30/96 and
12/31/95 respectively)
--------- ---------
TOTAL PARTNERS' CAPITAL 93,500 49,786
========= =========
TOTAL LIABILITIES AND $ 99,365 69,164
PARTNERS' CAPITAL ========= =========
NET ASSET VALUE PER UNIT $39.17 $20.45
========= =========
CAPITAL APPRECIATION PLUS L.P. I
STATEMENT OF OPERATIONS
(UNAUDITED)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
1996 1995 1996 1995
REVENUES:
Gains (losses) on trading futures
contracts and options on futures:
Realized gains (losses) on
closed positions 32,331 14,047 54,395 ( 51,028)
Net change in unrealized
gains(losses) (25,413) ( 4,077) ( 2,831) ( 33,977)
------- ------- ------- -------
Net realized and unrealized
gains(losses) 6,918 9,970 51,564 ( 85,005)
Interest Income 1,263 909 3,088 3,616
------- ------- ------- -------
Total Revenue 8,181 10,879 54,652 ( 81,389)
======= ======= ======= =======
EXPENSES
Miscellaneous fees 1,075 1,639 ( 982) 5,014
Custodial and Administrative Fees 3,000 4,500 9,500 13,500
Execution Fees 618 600 1,597 2,398
Management Fees 0 899 ( 1,475) 3,596
------- ------- ------- -------
Total Expenses 4,693 7,638 8,640 24,508
====== ======= ======= =======
Net Income(loss) 3,488 3,241 46,012 (105,897)
====== ======= ======= =======
Net Income(loss) per weighted average
unit of partnership interest 1.46 1.29 19.04 -39.45
======= ======= ======= =======
CAPITAL APPRECIATION PLUS L. P. I
STATEMENT OF CHANGES IN PARTNERS' CAPITAL
FOR THE PERIOD FROM JANUARY 1, 1996 TO SEPTEMBER 30, 1996
AND FOR THE PERIOD FROM JANUARY 1, 1995 TO SEPTEMBER 30, 1995
Units of (Unaudited)
Partnership Limited General Total
Interest Partners Partner
Partners' Capital 2,445 39,380 10,406 49,786
January 1, 1996
Net Income 36,794 9,180 45,974
Redemptions ( 58) ( 2,260) (2,260)
Partners' Capital 2,387 73,914 19,586 93,500
September 30, 1996
Partners' Capital
January 1, 1995 2,853 187,209 39,816 227,025
Net Income (86,521) (19,376) (105,897)
Redemptions ( 339) (17,965) (17,965)
Partners' Capital 2,514 82,723 20,440 103,163
September 30, 1995
RESULTS OF OPERATIONS
Total assets of the Partnership at September 30, 1996 were approximately
$99,365. Partnership capital at September 30, 1996 was approximately $93,500.
Operating results during the Partnership's third quarter of 1996 were
favorable with net profits of $3,488. The operating results reflect a net
trading profit of approximately $6,918 and interest income of approximately
$1,263. As a result, the Net Asset Value of a Unit of Limited Partnership
Interest increased $1.46 per Unit from operations during the three month
period ended September 30, 1996, achieving a Net Asset Value of $39.17 per
Unit as of September 30, 1996.
Part II
OTHER INFORMATION
Item 1 Legal Proceeding
none
Item 2 Changes in Securities
not applicable
Item 3 Defaults upon senior securities
not applicable
Item 4 Submission of matters to a vote of security holders
not applicable
Item 5 Other information
none
Item 6 Exhibits and reports on Form 8-K
(a) Exhibits: none
(b) Reports on Form 8-K: none
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Registrant
By: Lamborn Commodity Pool
Management, Inc.
The General Partner
Date: September 14, 1996 BY: George D. F. Lamborn
President
The General Partner, which signed above, is the only party authorized to act
for the registrant. The registrant has no principal financial officer or
chief accounting officer.
