SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20547

                                 SCHEDULE 14D-9

                  SOLICITATION/RECOMMENDATION STATEMENT UNDER
            SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934

                         NATIONAL PROPERTY INVESTORS 8
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                           (Name of Subject Company)

                         NATIONAL PROPERTY INVESTORS 8
- --------------------------------------------------------------------------------
                      (Names of Persons Filing Statement)

                           LIMITED PARTNERSHIP UNITS
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                      NONE
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                     (CUSIP Number of Class of Securities)

                                PATRICK J. FOYE
                  APARTMENT INVESTMENT AND MANAGEMENT COMPANY
                     4582 ULSTER STREET PARKWAY, SUITE 1100
                             DENVER, COLORADO 80237
                                 (303) 757-8101
- --------------------------------------------------------------------------------
           (Name, address, and telephone numbers of person authorized
to receive notices and communications on behalf of the persons filing statement)

                                   Copies to:

                                 Joseph A. Coco
                    Skadden, Arps, Slate, Meagher & Flom LLP
                               Four Times Square
                            New York, New York 10036
                                 (212) 735-3000

                                      and

                              Jonathan L. Friedman
                    Skadden, Arps, Slate, Meagher & Flom LLP
                             300 South Grand Avenue
                         Los Angeles, California 90071
                                 (213) 687-5000

[ ] Check the box if the filing relates solely to preliminary communications
    made before the commencement of a tender offer.


                                 SCHEDULE 14D-9

     This Schedule 14D-9 relates to the offer by AIMCO Properties, L.P., a
Delaware limited partnership ("AIMCO OP"), to purchase units of limited
partnership interest (the "Units") of National Property Investors 8, a
California limited partnership (the "Partnership"), at a price of $7.04 per unit
in cash, subject to the conditions set forth in the Offer to Purchase dated
November 17, 2003, and in the related Letter of Transmittal, as each may be
amended and supplemented from time to time (collectively, the "Offer"). Copies
of the Offer to Purchase and the Letter of Transmittal are filed with this
Schedule TO as Exhibits (a)(1) and (a)(2), respectively.

ITEM 1.  SUBJECT COMPANY INFORMATION.

     (a) The information set forth under "THE LITIGATION SETTLEMENT
OFFER -- Certain Information Concerning Your Partnership" in the Offer to
Purchase is incorporated herein by reference. The Partnership's principal
executive officers are located at 55 Beattie Place, P.O. Box 1089, Greenville,
South Carolina 29602, and its phone number is (864) 239-1000.

     (b) This Schedule 14D-9 relates to the units of limited partnership
interest of National Property Investors 8, of which 44,882 units were issued and
outstanding as of September 30, 2003.

ITEM 2.  IDENTITY AND BACKGROUND OF FILING PERSON.

     (a) This Schedule 14D-9 is being filed by National Property Investors 8, a
California limited partnership (the "Partnership"), of which the managing
general partner is NPI Equity Investments, Inc. The Partnership's principal
executive officers are located at 55 Beattie Place, P.O. Box 1089, Greenville,
South Carolina 29602, and its phone number is (864) 239-1000.

     (d) The information set forth under "SUMMARY TERM SHEET" and "THE
LITIGATION SETTLEMENT OFFER -- Information Concerning Us and Certain of Our
Affiliates" in the Offer to Purchase is incorporated herein by reference.

ITEM 3.  PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.

     (d) The information set forth under "THE LITIGATION SETTLEMENT
OFFER -- Conflicts of Interest and Transactions with Affiliates" in the Offer to
Purchase is incorporated herein by reference.

ITEM 4.  SOLICITATION OR RECOMMENDATION.

     (a) and (b) The information set forth under "THE LITIGATION SETTLEMENT
OFFER -- Position of Your General With Respect to the Offer" in the Offer to
Purchase is incorporated herein by reference.

     (c) Not applicable.

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ITEM 5.  PERSON/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED.

     Not Applicable.

ITEM 6.  INTEREST IN SECURITIES OF THE SUBJECT COMPANY.

     (b) Not applicable.

ITEM 7.  PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.

     (d) Not Applicable.

ITEM 8.  ADDITIONAL INFORMATION.

     (b) The information set forth in the Offer to Purchase and the related
Letter of Transmittal is incorporated herein by reference.

ITEM 9.  EXHIBITS.

      
(a)(1)   Offer to Purchase dated November 17, 2003 (incorporated by
         reference herein).
(a)(2)   Letter of Transmittal and related Instructions (incorporated
         by reference herein).
(a)(3)   Letter from AIMCO OP to the Limited Partners of National
         Property Investors 8 (incorporated by reference herein).
(e)      Not applicable.
(g)      None.



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                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                          NATIONAL PROPERTY INVESTORS 8

                                          By: NPI Equity Investments, Inc.
                                              Managing General Partner

                                          By:      /s/ PATRICK J. FOYE
                                            ------------------------------------
                                              Patrick J. Foye
                                              Executive Vice President

Dated: November 17, 2003

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