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



                                OCTOBER 1, 1998
                Date of Report (Date of earliest event reported)



                          CENTURY PROPERTIES FUND XIX
             (Exact Name of Registrant as Specified in its Charter)





      CALIFORNIA                                 0-11935                                 94-2887133
                                                                          
(State of Organization)                  (Commission File Number)            (IRS Employer Identification No.)







                     1873 SOUTH BELLAIRE STREET, 17TH FLOOR
                             DENVER, COLORADO 80222
        (Address of Registrant's Principal Executive Office) (Zip Code)


                                 (303) 757-8101
              (Registrant's telephone number, including area code)


                          ONE INSIGNIA FINANCIAL PLAZA
                        GREENVILLE, SOUTH CAROLINA 29602
         (Former Name or Former Address, if Changed Since Last Report)








ITEM 1.     CHANGES IN CONTROL OF REGISTRANT.

            On October 1, 1998, Apartment Investment and Management Company, a
Maryland corporation ("AIMCO"), completed the merger of Insignia Financial
Group, Inc., a Delaware corporation ("Insignia"), with and into AIMCO, with
AIMCO being the surviving corporation (the "Insignia Merger"). Pursuant to the
Amended and Restated Agreement and Plan of Merger, dated as of May 26, 1998, by
and among AIMCO, AIMCO Properties, L.P., Insignia and Insignia/ESG Holdings,
Inc., each share of Insignia outstanding as of the effective time of the
Insignia Merger was converted into the right to receive 0.262 shares of AIMCO
Class E Cumulative Preferred Stock, par value $.01 per share, of AIMCO (the
"Class E Preferred Stock"). AIMCO will issue approximately 8.9 million shares
of its Class E Preferred Stock to the former Insignia stockholders. As a result
of the Insignia Merger, AIMCO acquired approximately 51% of the outstanding
common shares of beneficial interest, par value $.01 per share ("IPT Shares"),
of Insignia Properties Trust, a Maryland real estate investment trust ("IPT").
Fox Partners II, which is the general partner (the "General Partner") of
Century Properties Fund XIX, is a wholly-owned subsidiary of IPT.

            Also, effective October 1, 1998, IPT and AIMCO entered into an
Agreement and Plan of Merger (the "IPT Merger Agreement"), pursuant to which
IPT is to be merged with and into AIMCO or a subsidiary of AIMCO (the "IPT
Merger"). The IPT Merger Agreement provides that, upon consummation of the IPT
Merger, IPT shareholders will receive $13.25 per share in cash or $13.28 per
share in shares of Class A Common Stock, par value $.01 per share of AIMCO, at
AIMCO's option, as more fully provided therein. The transactions contemplated
by the IPT Merger Agreement are subject to certain conditions. The IPT Merger
requires the approval of the holders of a majority of the outstanding IPT
Shares. AIMCO has indicated that it expects to vote all of the IPT Shares owned
by it in favor of the IPT Merger, and accordingly IPT shareholder approval is
assured.

            Under the IPT Merger Agreement, AIMCO has agreed to vote all IPT
Shares owned by it and its subsidiaries in favor of the IPT Merger, and in
connection therewith AIMCO has granted an irrevocable limited proxy to Andrew
L. Farkas, James A. Aston and Frank M. Garrison to vote the IPT Shares owned by
AIMCO and its subsidiaries in favor of the IPT Merger (the "Irrevocable Limited
Proxy").

            The IPT Merger Agreement also provides that Andrew L. Farkas, James
A. Aston, Warren M. Eckstein, Frank M. Garrison and Bryan L. Herrman will
continue to serve as trustees of IPT (collectively, the "Continuing Trustees")
until the earlier of the closing of the IPT Merger or the termination of the
IPT Merger Agreement. Pursuant to the IPT Merger Agreement and the Bylaws of
IPT, a majority of the Continuing Trustees must approve, among other things,
the following actions: (i) removal of a Continuing Trustee; (ii) termination of
IPT's independent auditors or the financial advisor or legal counsel for the
IPT Merger; (iii) all alternative proposals to acquire IPT or its subsidiaries;
(iv) amendment or waiver of any provision of (A) the IPT Merger Agreement, (B)
the Fourth Amended and Restated Agreement of Limited Partnership of Insignia
Properties, L.P., (C) the Declaration of Trust of IPT or (D) the Bylaws of IPT;
(v) modification of the powers of the Continuing Trustees, and (vi) making of
loans by IPT or its subsidiaries to AIMCO or its subsidiaries. The Continuing
Trustees' special powers terminate on the earliest to occur of (i) the IPT
Merger, (ii) January 1, 2002 or (iii) the sooner termination of the IPT Merger
Agreement under certain circumstances.

            In connection with the execution of the IPT Merger Agreement, AIMCO
and certain shareholders of IPT entered into an agreement, dated October 1,
1998 (the "Shareholder's Agreement"), whereby AIMCO agreed that, following a
termination of the IPT Merger Agreement under certain circumstances, it will
vote its IPT Shares as follows: for the first two annual meetings of IPT
Shareholders following such a termination, in favor of designees of the
Continuing Trustees so that such designees constitute a majority of the
trustees of the IPT Board, and thereafter in favor of designees of the
Continuing Trustees so that such designees constitute one less than a majority
of the trustees of the IPT Board. The Shareholder's Agreement remains in effect
as long as


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AIMCO and/or its affiliates own at least 10% of the outstanding IPT Shares, but
terminates upon consummation of the IPT Merger.

            The summary description above of each of the IPT Merger Agreement,
Irrevocable Limited Proxy and Shareholder's Agreement is qualified in its
entirety by reference to Exhibits 2.1, 99.1 and 99.2 attached hereto, each of
which is incorporated herein by reference.

ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

            (c)   Exhibits.

                  2.1      Agreement and Plan of Merger, dated as of October 1,
                           1998, by and between AIMCO and IPT.

                  3.2      Second Amended and Restated Bylaws of IPT, dated
                           October 2, 1998.

                  99.1     Irrevocable Limited Proxy, dated October 1, 1998,
                           granted by AIMCO to Andrew L. Farkas, James A. Aston
                           and Frank M. Garrison.

                  99.2     Shareholder's Agreement, dated October 1, 1998,
                           among AIMCO, Andrew L. Farkas, James A. Aston and
                           Frank M. Garrison.



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                                   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 hereunto duly authorized.


                          CENTURY PROPERTIES FUND XIX


                           By:      FOX PARTNERS II,
                                    its General Partner


                                    By:  FOX CAPITAL MANAGEMENT CORPORATION,
                                         its managing general partner


                                    By:  /s/ Patrick J. Foye
                                         --------------------------------------
                                         Name: Patrick J. Foye
                                         Title: Executive Vice President

Date: October 16, 1998


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                                 EXHIBIT INDEX


         2.1      Agreement and Plan of Merger, dated as of October 1, 1998, by
                  and between AIMCO and IPT (incorporated by reference to
                  Exhibit 2.1 of IPT's Current Report on Form 8-K, File No.
                  1-14179, dated October 1, 1998).

         3.2      Second Amended and Restated Bylaws of IPT, dated October 2,
                  1998 (incorporated by reference to Exhibit 3.2 of IPT's
                  Current Report on Form 8-K, File No. 1-14179, dated October
                  1, 1998).

         99.1     Irrevocable Limited Proxy, dated October 1, 1998, among
                  AIMCO, Andrew L. Farkas, James A. Aston and Frank M. Garrison
                  (incorporated by reference to Exhibit 99.1 of IPT's Current
                  Report on Form 8-K, File No. 1-14179, dated October 1, 1998).

         99.2     Shareholder's Agreement, dated October 1, 1998, among AIMCO,
                  Andrew L. Farkas, James A. Aston and Frank M. Garrison
                  (incorporated by reference to Exhibit 99.2 of IPT's Current
                  Report on Form 8-K, File No. 1-14179, dated October 1, 1998).


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