SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
May 30, 1997
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CYPRESS EQUIPMENT FUND, LTD.
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(Exact Name of Registrant as Specified in its Charter)
Florida
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(State or other jurisdiction of incorporation or organization)
0-19021
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Commission File Number
59-2927387
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I.R.S. Federal Employer Identification Number
880 Carillon Parkway, St. Petersburg, Florida 33716
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(Address of principal executive offices) (Zip Code)
(813) 573-3800
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Registrant's Telephone Number (Including Area Code)
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Item 2. Acquisition or Disposition of Assets
On May 30, 1997, Cypress Equipment Fund, Ltd., a limited
partnership organized under the laws of the State of Florida
(the "Seller"), sold to Pacific Coastal Airlines, Ltd., a
British Columbia corporation, (the "Buyer"), a Shorts 360-200
aircraft.
The sale totaled an aggregate amount of $695,000.00.
Item 7. Financial Statements and Exhibits
(a) Exhibits (to be sent in paper format)
28.89 Purchase agreement dated as of May 30, 1997
between Cypress Equipment Fund, Ltd., a Florida
limited partnership ("Seller"), and Pacific Coastal
Airlines, Ltd., a British Columbia corporation
("Purchaser"), with its principal place of business
at Suite 117, 4440 Cowley Crescent, Richmond, B.C.,
Canada, V7B18.
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SIGNATURE
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 duly authorized.
Cypress Equipment Fund, Ltd.
A Florida Limited Partnership
RJ Leasing - 2, Inc.
A General Partner
Date: June 5, 1997 By:/s/ J. Davenport Mosby, III
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J. Davenport Mosby, III
President
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