UNITED STATES
                       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 30, 2003

                         REAL ESTATE ASSOCIATES LIMITED VI
               (Exact Name of Registrant as Specified in Its Charter)


               California                   0-13112               95-3778627
      (State or other jurisdiction        (Commission          (I.R.S. Employer
            of incorporation)             File Number)          Identification
                                                                    Number)


                                55 Beattie Place
                              Post Office Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)


         Registrant's telephone number, including area code (864) 239-1000


                                       N/A

                   (Former address, if changed since last report)











Item 5.     Other Events.

On May 30, 2003, National Partnership  Investments Corp.  ("NAPICO") and certain
other defendants  entered into a memorandum of understanding  with the plaintiff
class  and  their  counsel  relating  to the  settlement  of In Re  Real  Estate
Associates Limited Partnership Litigation (the "REAL Litigation").  The proposed
settlement is subject to final documentation, court approval and approval by the
plaintiff  class.  The principal  terms of the proposed  settlement  include the
following:

1.    Alan Casden and certain related  entities will deposit $29 million into an
      escrow account immediately following the preliminary approval by the court
      of the stipulation of settlement. Upon final approval of the settlement by
      the court and the class of plaintiffs, the deposit will be released to the
      plaintiffs.

2.    Alan Casden and certain related entities will transfer to an agent for the
      plaintiffs  shares they own of common  stock of Apartment  Investment  and
      Management Company ("Aimco") with an aggregate market value of $19 million
      (determined as of the effective date of the settlement agreement), subject
      to certain transfer restrictions.

3.    NAPICO,  or a maker  to be  determined,  will  issue an  aggregate  of $35
      million in promissory  notes to an agent for the plaintiffs.  An aggregate
      of $7  million  of notes  will be repaid  each  year.  The notes will bear
      interest  based on applicable  rates of U.S.  Treasury  bills with similar
      maturities.  As a condition to the  effectiveness  of the settlement,  the
      notes will be guaranteed by Aimco or an affiliate of Aimco.

4.    The parties  will  cooperate  and will  stipulate  to expunge the judgment
      entered on April 3, 2003.

5.    The parties will  release each other and related  parties from any and all
      claims  related  to the  partnerships  that  are the  subject  of the REAL
      Litigation and the plaintiffs' investment in the partnerships.

6.    Plaintiffs' pending motion to seek to have a court-appointed  receiver for
      NAPICO will be withdrawn.

In connection with the proposed settlement, NAPICO has also reached an agreement
in principle,  subject to documentation,  with the prior  shareholders of Casden
Properties Inc. The principal terms of this agreement in principle include:

1.    Parties will stipulate that the action commenced on May 13, 2003 by NAPICO
      against  the  former  shareholders  of Casden  Properties  Inc.  and other
      indemnitors in the Casden Merger will be voluntarily discontinued.

2.    Resolution  by Alan  Casden and  certain  related  entities of all pending
      claims of NAPICO and its affiliates for indemnification in connection with
      the REAL Litigation and related matters.

3.   Alan Casden,  or an affiliated  entity,  will issue  negotiable  promissory
     notes to NAPICO,  or an affiliated  entity,  in the aggregate amount of $35
     million with the same interest and maturity as the promissory  notes issued
     by NAPICO to the plaintiffs.  Payment of these notes will be secured by (i)
     a pledge of 744,681 shares of Aimco common stock owned by Alan Casden or an
     affiliated   entity  and  (ii)  cash  proceeds  of  any  actions,   claims,
     recoveries, reimbursements,  indemnities or settlements that Alan Casden or
     any  of  his  affiliates,  or any of  the  former  shareholders  of  Casden
     Properties  Inc.,  receive  in  connection  with  or  related  to the  REAL
     Litigation  or any of the  circumstances  underlying  the  REAL  Litigation
     (collectively, "Recoveries"). The notes will be required to be prepaid with
     any Recoveries received and only in the order of their nearest maturity.

4.    An  affiliate  of Aimco will  provide $25 million of debt  financing to an
      entity owned by Alan Casden or a related entity.  In addition,  there will
      be a reduction of $25 million in a $70 million standby  facility  extended
      to another entity in the Casden Merger.  Completion of these  transactions
      is subject to any applicable consent requirements.

The  parties are working to  finalize  definitive  documentation  to reflect the
foregoing  agreement in principle.  However,  there can be no assurance that the
parties will do so.






                                    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 hereunto duly authorized.



                                    REAL ESTATE ASSOCIATES LIMITED VI
                                    (a California limited partnership)


                                    By:   National Partnership Investments Corp.
                                          Corporate General Partner


                                    By:   /s/Brian H. Shuman
                                          Brian H. Shuman
                                          Senior Vice President and
                                          Chief Financial Officer


                                    Date: June 2, 2003