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 June 13, 1997
Southwest Royalties Institutional Income Fund X-C, L.P.
(Exact name of registrant as specified in
its limited partnership agreement)
Delaware 0-20298 75-2374449
(State or other jurisdiction Commission IRS Employer
of incorporation) File Number Identification No.
407 N. Big Spring, Suite 300, Midland, Texas 79701
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (915) 686-9927
None
(Former name or former address, if changed since last report.)
The total number of pages contained in this report is 4.
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Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
(a) Previous independent accountants
(i) On June 9, 1997 Southwest Royalties
Institutional Income Fund X-C, L.P. (the
Partnership)'s Managing General Partner
(Southwest Royalties, Inc.) dismissed Joseph
Decosimo and Company as the Partnership's
independent accountants.
(ii) The reports of Joseph Decosimo and Company
on the financial statements for the past two
fiscal years contained no adverse opinion or
disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope
or accounting principle.
(iii) The Managing General Partner's Board of
Directors approved the decision to change
the Partnership's independent accountants.
(iv) In connection with its audits for the two
most recent fiscal years and through June 9,
1997, there have been no disagreements with
Joseph Decosimo and Company on any matter of
accounting principles or practices,
financial statements disclosure, or auditing
scope or procedure, which disagreements if
not resolved to the satisfaction of Joseph
Decosimo and Company would have caused them
to make reference thereto in their report on
the financial statements for such years.
(v) During the two most recent fiscal years and
through June 9, 1997, there have been no
reportable events (as defined in Regulation
S-K Item 304 (a)(1)(v)).
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(vi) The Registrant has requested that Joseph
Decosimo and Company furnish it with a
letter addressed to the SEC stating whether
or not it agrees with the above statements.
The letter from the former accountants,
Joseph Decosimo and Company, is not
available at the time of this filing. In
accordance with Item 304(a)(3), the
Partnership will file the letter by
amendment within two business days of
receipt or within ten business days after
the filing of this report.
(b) New independent accountants
(i) The Managing General Partner engaged KPMG
Peat Marwick LLP as the Partnership's new
accountants as of June 9, 1997. During the
two most recent fiscal years and through
June 9, 1997, the Partnership has not
consulted with KPMG Peat Marwick LLP on
items which concerned (1) the application of
accounting principles or on the nature of an
audit opinion to be issued, or (2) the
subject matter of a disagreement or
reportable event with the former auditor,
(as described in Regulation S-K Item
304(a)(2)).
Item 5. Other Events.
Not applicable.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
16 Letter re change in certifying accountant
will be filed by amendment
Item 8. Change in Fiscal Year.
Not applicable.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Partnership has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Southwest Royalties Institutional
Income Fund X-C, L.P.
By: Southwest Royalties, Inc.
Managing General Partner
By: /s/ Bill E. Coggin
Bill E. Coggin
Vice President
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following person on
behalf of the Partnership and in the capacity and on the date
indicated.
Date: June 13, 1997 /s/ Bill E. Coggin
Bill E. Coggin, Vice President and
Chief Financial Officer
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