SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549

                       ___________________


                           FORM 10-Q/A

     AMENDMENT TO GENERAL FORM FOR REGISTRATION OF SECURITIES
                 Filed pursuant to Section 12(g)
               THE SECURITIES EXCHANGE ACT OF 1934


                 ASSOCIATED PLANNERS REALTY INCOME FUND
      (Exact name of registrant as specified in its charter)

                         AMENDMENT NO. 1

                         File No. 33-11013
The undersigned Registrant hereby amends the following items, financial
statements, exhibits or other portions of its General Form for Registration
of Securities on Form 10-Q as set forth in the pages attached hereto:

            10-Q for the Quarter ending September 30, 1995


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to be signed on its behalf by the
undersigned thereunto duly authorized.


                 ASSOCIATED PLANNERS REALTY FUND
                           (Registrant)

Date:                                                            


By:                West Coast Realty Advisors, Inc. (General Partner)

     By:                                                                  
         Michael G. Clark, Vice President/Treasurer