8-K

                       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

                                 April 11, 2000
                Date of Report (Date of Earliest Event Reported)


                       Sierra Pacific Pension Investors '84

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             (Exact Name of Registrant as Specified in its Charter)


California                        0-14269                             33-0043952
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(State or Other                 (Commission                     (I.R.S. Employer
Jurisdiction of                File Number)                       Identification
incorporation)                                                              No.)





              5850 San Felipe - Suite 500, Houston, TX 77057

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               (Address of Principal Executive Offices) (Zip Code)



              (Registrant's Telephone Number, Including Area Code)

                                 (713) 706-6271

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          (Former Name or Former Address, If Changed Since Last Report)



940784.1






ITEM 4.  Changes in Registrant's Certifying Accountant

         (a) On April 11, 2000, the Registrant  dismissed  Deloitte & Touche LLP
("D&T") as its  independent  auditors.  The  reports of D&T on the  Registrant's
financial  statements  for the fiscal years ended December 31, 1999 and 1998 did
not contain an adverse opinion,  or disclaimer of opinion and were not qualified
or  modified  as to  uncertainty,  audit  scope or  accounting  principles.  The
Registrant's   managing   general  partner   approved  the  decision  to  change
accountants. During the Registrant's two most recent fiscal years and subsequent
interim periods,  there we no disagreements with D&T on any matter of accounting
principles or practices,  financial  statement  disclosure or auditing  scope or
procedures,  which  disagreements,  if not resolved to the  satisfaction  of D&T
would have caused it to make reference to such disagreement in its reports.

         (b) The  Registrant  engaged  Arthur  Andersen LLP ("AA") to act as its
independent  auditors,  effective  April 11,  2000.  During the two most  recent
fiscal years and subsequent interim periods, the Registrant has not consulted AA
on items which (1)  involved  the  application  of  accounting  principles  to a
specified  transaction,  either  completed or proposed,  or involved the type of
audit opinion that might be rendered on the Registrant's  financial  statements,
or (2) concerned the subject matter of a disagreement or a reportable event with
Registrant's former accountant.

ITEM 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (a)      Not Applicable

         (b)      Not Applicable

         (c)      Exhibits

         16.1.    Letter from Deloitte & Touche LLP, dated April 17, 2000
                  addressed to the Securities and Exchange Commission in
                  compliance with Item 304 of Regulation S-K.


940784.1
                                        2





                                   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.

                          SIERRA PACIFIC PENSION INVESTORS '84



                          By:/s/ William J. Carden
                             -----------------------------------
                             Name:   William J. Carden
                             Title:  Chairman of the Board of Directors
                                     and Chief Executive Officer



Date:    April 17, 2000


940784.1
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                                  EXHIBIT INDEX

Exhibit No.                         Description
- -----------                         -----------
16.1                                Letter from Deloitte & Touche LLP, dated
                                    April 17, 2000 addressed to the Securities
                                    and Exchange Commission in compliance with
                                    Item 304 of Regulation S-K.


940784.1

EX-16.1

                                                                    Exhibit 16.1



April 17, 2000


Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, D.C. 20549

Dear Sirs/Madams:

We have  read and  agree  with the  comments  in Item 4(a) of Form 8-K of Sierra
Pacific Pension Investors '84 dated April 11, 2000.

Yours truly,


Deloitte & Touche LLP
Houston, Texas