OMB APPROVAL
OMB Number: 3235-0104
Expires: September 30, 1998
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act
of 1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person*
Lehigh Tax Credit Partners L.L.C.
(Last) (First) (Middle)
c/o Related Capital Company
625 Madison Avenue
(Street)
New York New York 10022
(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
10/24/97
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Freedom Tax Credit Plus L.P.
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* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
------ ------
Officer (give title below) Other (specify
------ ------ below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
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X Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE I - Non-Derivative Securities Beneficially Owned
<S> <C> <C> <C>
1. Title of Security 2. Amount of 3. Ownership 4. Nature of
(Instr.4) Securities Form: Direct Indirect
Beneficially (D) or Beneficial
Owned Indirect (I) Ownership
(Instr.4) (Instr.5) (Instr.5)
Beneficial Assignment 8,455.667 D**
Certificates
</TABLE>
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<PAGE>
TABLE II - Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<TABLE>
<S> <C> <C> <C> <C> <C>
1. Title of 2. Date Exer 3. Title and 4. Con 5. Owner 6.
Deriva cisable and Amount of version ship Form Nature
tive Expiration Securities or Exer of Deri of In
Security Date Underlying cise vative direct
(Instr.4) (Month/Day/ Derivative Price of Security: Bene
Year) Security Deri Direct ficial
(Instr.4) vative (D) or Owner
Security Indirect ship
(I) (Instr
(Instr.5) .5)
Date Expir Title Amount
Exer ation Or
cis Date Number
able of
Shares
</TABLE>
Explanation of Responses:
** On October 24, 1997, Lehigh Tax Credit Partners L.L.C. ("Lehigh")
acquired more than 10% of the Issuer's Beneficial Assignment Certificates.
/s/ Alan P. Hirmes November 3, 1997
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Alan P. Hirmes, Vice President of Date
Lehigh Tax Credit Partners, Inc.,
on behalf of Lehigh Tax Credit
Partners L.L.C.
***Signature of Reporting Person
*** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
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<PAGE>
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
SEC 1473 (7-96)
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<PAGE>
Attachment
Designated Filer: Lehigh Tax Credit Partners L.L.C.
Date of Event Requiring Statement: 10/24/97
Issuer Name: Freedom Tax Credit Plus L.P.
Names and Address of Other Reporting Persons:
Fried J. Michael
Hirmes Alan P.
Boesky Stuart J.
(Last) (First) (Middle)
c/o Related Capital Company
625 Madison Avenue
(Street)
New York New York 10022
(City) (State) (Zip)
<TABLE>
<CAPTION>
TABLE I - Non-Derivative Securities Beneficially Owned
<S> <C> <C> <C>
1. Title of Security 2. Amount of 3. Ownership 4. Nature of
(Instr.4) Securities Form: Direct Indirect
Beneficially (D) or Beneficial
Owned Indirect (I) Ownership
(Instr.4) (Instr.5) (Instr.5)
Beneficial Assignment 8,455.667 I**** By Lehigh Tax
Certificates Credit Partners
L.L.C.
</TABLE>
**** Mr. Fried is President and a Director, Mr. Hirmes is a Vice
President, Secretary and a Director and Mr. Boesky is a Vice
President and a Director of Lehigh Tax Credit Partners,
Inc., the sole managing member of Lehigh.
/s/ Alan P. Hirmes November 3, 1997
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Alan P. Hirmes
/s/ J. Michael Fried November 3, 1997
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J. Michael Fried
/s/ Stuart J. Boesky November 3, 1997
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Stuart J. Boesky Date
***Signature of Reporting Persons
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