10-K

                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C.  20549

                              FORM 10-K

              ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                OF THE SECURITIES EXCHANGE ACT OF 1934


             For the fiscal year ended    March 31, 1996

                 Commission file number     33-11194


                  CENTURY PACIFIC HOUSING FUND I
      (Exact name of registrant as specified in its charter)


          CALIFORNIA                       95-3938971
(State of other jurisdiction of           (IRS Employer
incorporation of organization)        Identification Number)


               1925 Century Park East, Suite 1760
                    Los Angeles, CA   90067
            (Address of principal executive offices)


Registrant's telephone number, including area code:
                      (310) 208-1888


                     NO CHANGE
(Former name, former address and former fiscal year if 
            changed since last report)

Indicate by a check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required 
to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                  Yes  [X]          No  [ ]

EX-27

 

<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996             MAR-31-1995
<PERIOD-END>                               MAR-31-1996             MAR-31-1995
<CASH>                                           1,754                   1,130
<SECURITIES>                                         0                       0
<RECEIVABLES>                                        0                       0
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                15,549                  13,725
<PP&E>                                               0                       0
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                                 547,704                 722,045
<CURRENT-LIABILITIES>                          715,998                 642,397
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                   547,704                 722,045
<SALES>                                          3,900                   5,000
<TOTAL-REVENUES>                                 3,900                   5,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                                75,053                  72,069
<LOSS-PROVISION>                             (247,942)               (308,167)
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                              (247,942)               (308,167)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 (247,942)               (308,167)
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0
        

 

EX-99

             CENTURY PACIFIC HOUSING FUND-I

         STATEMENTS OF PARTNERS' EQUITY (DEFICIT)
        YEARS ENDED MARCH 31, 1996, 1995 AND 1994

                              Original
                   General    Limited     Limited    
                   Partners   Partner     Partners   Total
                   ________   ________    ________   _______

Equity (deficit)
at March 31,1993   $(363,783)    -      $1,110,744 $746,961

Net Loss              (7,183)    -        (351,963)(359,146)
                   _________  _________  _________ ________

Equity(Deficit)
at March 31, 1994    (370,966)    -        758,781  387,815

Net Loss               (6,163)    -       (302,004)(308,167)
                      _______   ________  ________  _______

Equity(Deficit)
at March 31, 1995    (377,129)    -        456,777   79,648

Net Loss               (4,959)    -       (242,983)(247,942)
                     _______  ________   ________  ________

Equity(Deficit)
at March 31, 1996  $(382,088) $   -      $213,794 $(168,294)
                   =========   ========  ========  ========

Percentage Interest
at March 31, 1996      1%          1%        98%     100%





           CENTURY PACIFIC HOUSING FUND-I

                STATEMENT OF CASH FLOWS
         YEARS ENDED MARCH 31, 1996, 1995 AND 1994



                        1996           1995         1994
                      _________     _________     _________

Cash Flows from Operating
Activities:
  Net Loss           $(247,942)    $(308,167)    $(359,146)
  Adjustments to reconcile
   net loss to net cash
   provided by operating
   activities
     Equity in net losses
     of Operating Part. 176,789      241,098       256,914
     Decrease in accounts
     payable and accrued
     expenses            (1,460)         -         (19,139)
     Increase in payable
     to related parties  75,061       68,400        86,862
     Amortization of 
     organization costs     -          -            35,940
                       ________      ________     ________

Net cash provided by
operating activities      2,448         1,331       1,431
                      _________      ________     ________

Cash flows from investing
Activities
   Advance to affiliate (1,824)        (1,534)      (265)
                       ________       ________    _______
      Net cash used in
      investing acti-
      vities            (1,824)        (1,534)      (265)
                       ________       ________    _______

      Net increase(decrease)
      in cash             624           (203)       1,166

Cash at beginning of
period                  1,130          1,333          167
                      _______        _______      ________

Cash at end of period $ 1,754        $ 1,130       $ 1,333
                      =======        =======       =======