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 13, 1999
CYPRESS EQUIPMENT FUND, LTD.
(Exact Name of Registrant as Specified in its Charter)
Florida 0-19021 59-2927387
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
880 Carillon Parkway, St. Petersburg, Florida 33716
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number (Including Area Code) (727) 573-3800
Item 2 Acquisition or Disposition of Assets
On May 13, 1999, Cypress Equipment Fund II, Ltd., a Florida
limited partnership, ("Seller"), sold its 50% share of two Power Blocks
with the major components and spare parts to PP&L, Inc. ("Buyer").
The sale totaled an aggregate amount of $7,950,000.
Item 7. Financial Statements, Proforma Financial Information and Exhibits
(c) Exhibits (to be sent in paper format)
28.49 Bill of Sale dated the 13th of May, 1999, between State Street
Bank and Trust Company ("Seller"); not in its individual capacity
but solely as successor Trustee under a certain Trust Agreement
dated as of December 30, 1970, between Edward C. Laber and Jane S.
Kubiak as Trustees and Pennsylvania Power and Light Company
(now PP&L,Inc.); Access Turbine Corporation ("Seller"); and
Cypress Equipment Fund II, Ltd. ("Seller") and PP&L, Inc. ("Buyer").
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: July 9, 1999 /s/ J. Davenport Mosby, III
J. Davenport Mosby, III
President
