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 June 30,
1996 and at December 31, 1995, and the Statement of Operations for the three
months and six months periods ended June 30, 1996 and 1995, and the Statement
of Changes in Partners' Capital for the six months ended June 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 June 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)
June 30, December 31,
1996 1995
ASSETS:
Equity in commodities futures
trading account: $ 80,803 $ 62,067
Cash 8,698 6,964
Interest Receivable 1,704 133
Fee rebates receivable 4,229 0
TOTAL ASSETS $ 95,434 $ 69,164
LIABILITIES AND PARTNERS' CAPITAL
LIABILITIES:
Accrued custodian/service fees $ 500 $ 1,500
Accrued fixed rate fee ( 496) 2,459
Administration fee payable 3,535 14,397
Redemptions payable 1,171 1,022
TOTAL LIABILITIES $ 4,710 $ 19,378
PARTNERS' CAPITAL
General Partner
(500 Unites outstanding) $ 18,893 $ 10,406
Limited Partners 71,831 39,380
(1901 and 1945 Units
outstanding at 6/30/96 and
12/31/95 respectively)
TOTAL PARTNERS' CAPITAL $ 90,724 $ 49,786
TOTAL LIABILITIES AND
PARTNERS' CAPITAL $ 95,434 $ 69,164
NET ASSET VALUE PER UNIT $ 37.79 $ 20.45
CAPITAL APPRECIATION PLUS L.P. I
STATEMENT OF OPERATIONS
(UNAUDITED)
Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
1996 1995 1996 1995
REVENUES
Gains (losses) on trading
futures contracts and
options on futures:
Realized gains (losses)
on closed positions: $ (4,652) (79,856) $ 22,064 (65,076)
Net change in unrealized
gains (losses): 1,976 0 22,582 (29,899)
Net realized and unrealized
gains (losses): $ (2,676) (79,856) $ 44,646 (94,975)
Interest income: 1,018 1,402 1,825 2,707
TOTAL REVENUE $ (1,658) (78,454) $ 46,471 (92,268)
EXPENSES
Miscellaneous fees $ 100 1,638 $ (2,019) 3,375
Custodial/Administrative Fees 3,000 4,500 6,500 9,000
Execution Fees 542 738 979 1,798
Management Fees 0 1,107 (1,475) 2,697
TOTAL EXPENSES $ 3,642 7,983 $ 3,985 16,870
NET INCOME (LOSS) $ (5,300) (86,437) $ 42,486 (109,138)
Net Income (Loss) per weighted
average unit of partnership
interest: $ ( 2.18) (32.77) 17.45 (39.96)
CAPITAL APPRECIATION PLUS L.P. I
STATEMENT OF CHANGES IN PARTNERS' CAPITAL
FOR THE PERIOD FROM JANUARY 1, 1996 TO JUNE 30, 1996
AND FOR THE PERIOD FROM JANUARY 1, 1995 TO JUNE 30, 1995
Units of (Unaudited)
Partnership Limited General Total
Interest Partners Partner
Partners' Capital 2445 39,380 10,406 49,786
January 1, 1996
Net Income 33,999 8,487 42,486
Redemptions ( 44 ) (1,548 ) (1,548 )
Partners' Capital 2401 71,831 18,893 90,724
June 30, 1996
Partners' Capital
January 1, 1995 2853 187,209 39,816 227,025
Net Income (89,177) (19,961) (109,138)
Redemptions (294) (15,879) (15,879)
Partners' Capital
June 30, 1995 2559 82,153 19,855 102,008
RESULTS OF OPERATIONS
Total assets of the Partnership at June 30, 1996 were approximately $95,434.
Partnership capital at June 30, 1996 was approximately $90,724.
Operating results during the Partnership's second quarter of 1996 were
unfavorable with net losses of $5,300. The operating results reflect a net
trading loss of approximately $2,676 and interest income of approximately
$1,018. As a result, the Net Asset Value of a Unit of Limited Partnership
Interest decreased $2.18 per Unit from operations during the three month
period ended June 30, 1996, achieving a Net Asset Value of $37.79 per Unit as
of June 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: August 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.
