PLM FINANCIAL SERVICES, INC.
200 Nyala Farms Road (203)-341-0515
Westport CT 06880 (FAX) (203)-341-9988
October 13, 2004
Ms. Jennifer Thompson
Staff Accountant
450 Fifth Street. N.W.
Securities and Exchange Commission
Washington, D.C. 20549
Re: PLM Equipment Growth Fund V, file no. 0-19203
PLM Equipment Growth Fund VI, file no. 0-21806
PLM Equipment Growth & Income Fund VII, file no. 0-26594
Professional Lease Management Income Fund I, file no. 0-28376
Jennifer:
On behalf of the above partnerships and LLC, PLM Financial Services, Inc. (the Company), the general partner or manager of such partnerships or LLC, offers the following response in connection with the comment letter dated October 12, 2004:
Comment 1) Amend each Item 4 Form 8-K to clarify whether Ernst and Young “resigned,” “declined to stand for re-election” or was “dismissed”. Refer to Item 304(a)(1)(i) of Regulation S-B. Please obtain and file an updated Exhibit 16 letter from your former accountant stating whether the accountant agrees with the statements made in each of your amended Forms 8-K. File the amendments under cover of Form 8-KA and include the ITEM 4 designation. File the updated letters from the former accountant as Exhibit 16.
Response) The Company will file an amendment under cover of Form 8-KA for each of the four entities that states that Ernst and Young “declined to stand for re-election”. Further, the Form 8-KA will include an updated letter from Ernst and Young that will be included as Exhibit 16 to each Form 8-KA
Further, we acknowledge that:
-the registrants are responsible for the adequacy and accuracy of the disclosure in the filings
-staff comments or changes to disclosures in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing; and
-the registrants may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Should the commission require any clarification or additional information, please contact me at the above address or by phone at (619)-980-9534
Sincerely,
/s/ Richard K Brock
Chief Financial Officer-PLM Financial Services, Inc.
