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):  December 23, 1997


                           Leaservice Income Fund - I
               (Exact name of Registrant as specified in charter)


                                   California
                 (State or other jurisdiction of incorporation)


          2-80216                                      06-1085385
  (Commission File Number)                (IRS Employer Identification No.)


                  71 Union Avenue, Rutherford, New Jersey 07070
               (Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code:    (201) 939-8133


                                 Not Applicable
          (Former name or former address, if changed since last report)





Item 4.  Changes in Registrant's Certifying Accountant.

     On December 31, 1997, the Registrant  formally dismissed Capuano & Hartley,
CPAs as its independent  accountant because Capuano & Hartley, CPAs disbanded in
1996. On December 23, 1997,  the  Registrant  engaged Wiss & Co. to serve as its
independent  accountants to audit the Registrant's  financial statements for the
years  ended  December  31,  1993,  1994,  1995,  1996  and  1997 as part of the
Registrant's   effort  to  complete   winding  up  its  affairs   following  the
Registrant's  dissolution on May 24, 1991. Capuano & Hartley, CPAs served as the
Registrant's  independent  accountants  from  September 10, 1992 until they were
formally  dismissed  on December  31, 1997.  While  serving as the  Registrant's
independent accountants, Capuano & Hartley, CPAs audited the Registrant's annual
financial  statements  for the years ended  December 31, 1991 and 1992 and their
reports on these  financial  statements  did not  contain an adverse  opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, scope
or  accounting  principals.  Until  December 23, 1997,  the  Registrant  did not
request Capuano & Hartley, CPAs or any other independent accountant to audit the
Registrant's  financial  statements for the years ended December 31, 1993, 1994,
1995, 1996 and 1997 because as more particularly  described in Item 5 below, the
Registrant  has  been  in the  process  of  winding  up its  affairs  since  its
dissolution  on May 24, 1991, has engaged in no new business since June 1986 and
believed  that the cost of annual  audits  exceeded the value to be derived from
same in light of the Registrant's small and diminishing assets and the lack of a
public market for its units of limited partnership interest.

     During the  Registrant's  two most recent  fiscal years and the  subsequent
interim  period  preceding  the formal  change in the  Registrant's  independent
accountants,  the  Registrant  did not  disagree  with  Capuano & Hartley on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure.

Item 5.  Other Events.

     The Registrant actively engaged in the equipment leasing business from 1983
until June 1986. During this period the Registrant  purchased  equipment subject
to nineteen operating leases having an aggregate purchase price of approximately
$9,462,615.  The  Registrant  has not purchased  any equipment  since June 1986.
Since  May 24,  1991,  when  the  Registrant  was  dissolved  by  virtue  of the
dissolution of its sole general partner, Leaservice Partners, a New York general
partnership, the Registrant has been in the process of winding up its business.

     The partners of Leaservice  Partners initially consisted of three corporate
partners:  (i) National Industrial Services Corp., a New York corporation (which
changed its name to Capital  Market  Services  Corp and was merged with and into
Pittsburgh  Annealing  Box  Company in October  1987),  and which  served as the
managing  partner of Leaservice  Partners;  (ii) Mid-States  Resources,  Inc., a
Missouri  corporation  which  dissolved on March 1, 1996;  and (iii)  Mid-States
Leasing,  Inc., a Missouri  corporation  which  dissolved  on July 29, 1991.  On
January  7,  1998,  Capital  Resource  Group,  L.L.C.,  a  Pennsylvania  limited
liability  company  assumed  all of the  rights  and all of the  obligations  of
Pittsburgh  Annealing Box Company in the Registrant and in Leaservice  Partners.
Capital

                            (Page 2 of 4 - Form 8-K)




Resource  Group,  L.L.C. is overseeing the final stages of the winding up of the
affairs of the Registrant.

     On May 24, 1991, Mid-States Leasing, Inc. withdrew from Leaservice Partners
causing  the  dissolution  of  Leaservice  Partners,  which in turn  caused  the
dissolution of the Registrant  pursuant to the terms of its Amended and Restated
Agreement of Limited Partnership. The Registrant's limited partners were advised
of the  dissolution of Leaservice  Partners and its effect on the Registrant and
were given the  opportunity,  pursuant to the terms of the Amended and  Restated
Agreement  of Limited  Partnership  to continue the  Registrant  and elect a new
general partner at a meeting of limited partners  scheduled for July 8, 1991. At
this  meeting,  the  requisite  number  of  limited  partners  failed to vote to
continue the Registrant.

     After its dissolution,  the Registrant filed Quarterly Reports on Form 10-Q
for the six and nine months ended June 30 and September  30, 1991,  respectively
and an Annual Report on Form 10-K for the year ended  December 31, 1991 in which
it  described  the  dissolution  of the  Registrant  and the  winding  up of the
Registrant's  business,  indicated that there were  approximately 800 holders of
limited  partnership  interests  and included  financial  statements  audited by
Capuano  &  Hartley,  CPAs  which  showed  Registrant  assets  of  $193,390  and
liabilities of $180,413.  Thereafter,  the Registrant filed Quarterly Reports on
Forms 10-Q for the six and nine months  ended June 30 and  September  30,  1992,
respectively, an Annual Report on Form 10-K for the year ended December 31, 1992
and Quarterly  Reports on Forms 10-Q for the three and six months ended March 31
and June 30, 1993,  respectively.  Each of these periodic reports  described the
dissolution of the Registrant and the winding up of the  Registrant's  business.
The Registrant has not filed any periodic  reports since its Quarterly Report on
Form 10-Q for the six months ended June 30, 1993.

     The only significant events in the Registrant's  business since the date of
its last  filing on Form 10-Q were the  formal  dismissal  of Capuano & Hartley,
CPAs in December  1997,  the  engagement  of Wiss & Co. in December 1997 and the
assignment of the interest of Pittsburgh Annealing Box Company in the Registrant
and Leaservice  Partners to Capital Resource Group,  L.L.C. in January 1998, all
of which are being reported in this Current Report on Form 8-K.

     The Registrant  currently  plans to distribute any remaining  assets to its
partners and liquidate on or before  December 31, 1998,  the date of termination
of the  Registrant  in  accordance  with the terms of its Amended  and  Restated
Agreement of Limited Partnership.

Item 7.  Financial Statements, Pro Form Financial Information and Exhibits.

     1.   Letter from Arthur Capuano to the  Securities and Exchange  Commission
          dated January 8, 1998.



                            (Page 3 of 4 - Form 8-K)





                                   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.

Dated:  February 5, 1998


               LEASERVICE INCOME FUND-I (dissolved)
               By:      Leaservice Partners, (dissolved)
                        General Partner

               By:      Capital Resource Group, L.L.C., (successor to the 
                        interest of the managing partner of the General Partner)


               By:      /s/ Edward J. Landau
                        --------------------------
                        Edward J. Landau
                        Member







                            (Page 4 of 4 - Form 8-K)



                                    EXHIBIT I


                                 ARTHUR CAPUANO
                           CERTIFIED PUBLIC ACCOUNTANT
                           25 E. Spring Valley Avenue
                                Maywood, NJ 07607

                              Tel. No. 201-368-2550
                              Fax. No. 201-368-2560




                                                   January 8, 1998


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

        Re:       Leaservice Income Fund Form 8-K

Dear Sir or Madam:

        The  undersigned  is the successor to the business of Capuano & Hartley,
CPAs which was  disbanded  in 1996.  I have read and agree with the  comments in
Item 4 of Form 8-K of Leaservice Income Fund - 1 dated February 5, 1998.


                                            Very truly yours,

                                            /s/ Arthur Capuano
                                            -----------------------
                                            Arthur Capuano, CPA