Mail Stop 0409

      							April 12, 2005

Via U.S. Mail and Fax (803) 547-8511
Mr. Thomas K. Emery
Principal Accounting Officer
Yager/Kuester Public Fund Limited Partnership
1300 Altura Road
PO Box 1329
Fort Mill, SC 29716

	RE:	Yager/Kuester Public Fund Limited Partnership
      Form 10-KSB for the fiscal year ended December 31, 2004
		Filed March 30, 2005
		File No. 0-18444

Dear Mr. Emery:

      We have reviewed the above referenced filing and have the
following comment.  We have limited our review to only your
financial
statements and related disclosures and will make no further review
of
your documents.  As such, all persons who are responsible for the
adequacy and accuracy of the disclosure are urged to be certain
that
they have included all information required pursuant to the
Securities Exchange Act of 1934.  In our comment, we ask you to
provide us with supplemental information so we may better
understand
your disclosure.  After reviewing this information, we may or may
not
raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comment or on any other
aspect
of our review.  Feel free to call us at the telephone numbers
listed
at the end of this letter.

Note 3 - Leased Property Held for Sale, page F-9

1. In a supplemental response tell us how you have determined that
you have met the criteria of SFAS 144 to reflect your property has
held for sale.  In your response discuss how you have met each
provision under paragraphs 30 and 31 of SFAS 144.

*    *    *    *

      Please respond to this comment within 10 business days or
tell
us when you will provide us with a response.  Please furnish a
letter
that keys your response to our comment and provides any requested
supplemental information.  Please file your response letter on
EDGAR.

	We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings reviewed by the staff to
be
certain that they have provided all information investors require
for
an informed decision.  Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that

* the company is responsible for the adequacy and accuracy of the
disclosure in the filings;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filings; and

* the company 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.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filings or
in
response to our comments on your filings.

      You may contact Bill Demarest, Staff Accountant, at (202)
824-
5539 or me at (202) 942-2813 if you have questions.

							Sincerely,



							Daniel Gordon
							Branch Chief

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Mr. Thomas K. Emery
Yager/Kuester Public Fund Limited Partnership
April 12, 2005
Page 1



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

         DIVISION OF
CORPORATION FINANCE