October 31, 1997 		QUARTERLY REPORT TO THE LIMITED PARTNERS 			OF DSI REALTY INCOME FUND IX DEAR LIMITED PARTNERS: We are pleased to enclose the Partnership's unaudited consolidated financial statements for the period ended September 30, 1997. The following is Management's discussion and analysis of the Partnership's financial condition and results of its operations. For the three month periods ended September 30, 1996, and 1995, total revenues increased 4.9% from $646,673 to $678,489 and total expenses increased 9.8% from $380,551 to $417,871. Minority interest in income of real estate joint venture increased 2.0% from $24,134 to $24,611. As a result, net income decreased 2.5% from $241,988 to $236,007 for the three month period ended September 30, 1997, as compared to the same period in 1996. Rental revenue increased as a result of higher unit rental rates. Operating expenses increased approximately $35,200 (10.3%) primarily as a result of higher yellow pages advertising costs, maintenance and repair and salaries and wages expenses. General and administrative expenses remained constant. Occupancy levels for the Partnership's six mini-storage facilities averaged 85.9% for the three month period ended September 30, 1997, as compared to 86.8% for the same period in 1996. The Partnership is continuing its marketing efforts to attract and keep new tenants in its various mini-storage facilities. For the nine month periods ended September 30, 1997, and 1996, total revenues increased 5.8% from $1,863,855 to $1,971,737 and total expenses increased 5.6% from $1,197,043 to $1,263,967. Minority interest in income of real estate joint venture decreased 1.0% from $67,095 to $66,421. As a result, net income increased 6.9% from $599,717 to $641,349 for the nine month period ended September 30, 1997, as compared to the same period in 1996. The increase in revenue is primarily due to the increase in rental income as a result of higher occupancy and unit rental rates. Operating expenses increased approximately $57,000 (5.5%) due primarily to increases in yellow pages advertising costs, salaries and wages, fire and liability insurance, property management fees and maintenance and repair expenses. The increase in salaries and wages is primarily due to a non-recurring termination payment to a facility manager. Property management fees which are based on rental revenue, increased as a result of the increase in rental revenue. General and administrative expenses increased approximately $9,900 (6.2%) primarily as a result of Colorado State Taxes, which were levied for the first time. The General Partners plan to continue their policy of funding improvements and maintenance of Partnership properties with cash generated from operations. The Partnership's resources appear to be adequate to meet its needs. The General Partners anticipate distributions to the Limited Partners to remain at the current level for the foreseeable future. We are not enclosing a copy of the Partnership Form 10-Q as filed with the Securities and Exchange Commission since all the information set forth therein is contained either in this letter or in the attached financial statements. However, if you wish to receive a copy of said report, please send a written request to DSI Realty Income Fund IX, P.O. Box 357, Long Beach, California 90801. Very truly yours, DSI REALTY INCOME FUND IX By: DSI Properties, Inc., as General Partner By /s/ Robert J. Conway ____________________________ ROBERT J. CONWAY, President