FORM 8-K - CURRENT REPORT (As last amended in Rel. No. 34-36968, eff. August 13, 1992.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 1, 1998 CENTURY PENSION INCOME FUND XXIV (Exact name of registrant as specified in its charter) California 0-15710 94-2984976 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number) One Insignia Financial Plaza Post Office Box 1089 Greenville, South Carolina 29602 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (864) 239-1000 N/A (Former name or former address, if changed since last report) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. The Registrant sold the Butler Square, Kenilworth Commons and Plantation Pointe properties on September 1, 1998. These properties were sold to E & A Northeast Limited Partnership, an unrelated party, for $17,547,200. The Managing General Partner plans to distribute $15,000,000 of the net proceeds to its partners in September or October 1998. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (b) Pro forma financial information. The required pro forma financial information will be provided in the Registrant's quarterly report on Form 10-Q for the quarter ended September 30, 1998. (c) Exhibits 10.1 Contract of Sale between Registrant and E & A Northeast Limited Partnership dated August, 1998. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTURY PENSION INCOME FUND XXIV By: Fox Partners VI Its General Partner By: FOX CAPITAL MANAGEMENT CORPORATION Its Managing General Partner By: /s/ William H. Jarrard, Jr. President and Director Date: September 23, 1998