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):  April 4, 2003
                                                           -------------

American Income Fund I-A, a Massachusetts Limited Partnership, Liquidating Trust
             (Exact name of registrant as specified in its charter)

     Delaware                        33-35148-01          04-3097216
(State  or  other  jurisdiction     (Commission     (IRS  Employer
 of  incorporation)                File  Number)      Identification  No.)


c/o  Wilmington  Trust  Company,  1100  North  Market  Street,
Wilmington,  Delaware          19890
     (Address of principal executive offices)                         (Zip Code)


Registrant's  telephone  number,  including  area  code:  (781)  676-0009
                                                          ---------------




          (Former name or former address, if changed since last report)



American Income Fund I-A, a Massachusetts Limited Partnership, Liquidating Trust
                                    Form 8-K



Item  5.  Other  Events
          -------------

     As  described  in  the Legal Notice dated April 11, 2002 in connection with
the  settlement  of the class action lawsuit known as Rosenblum, et al. v. Equis
Financial  Group Limited Partnership, et al., (U.S. Dist. Ct. S.D. Fla. Civ. No.
98-8030),  the Revised Stipulation of Settlement provides for the liquidation of
the  partnership's  assets  and distributions of cash to its investors. On March
31,  2003,  American  Income  Fund  I-A,  a  Massachusetts  Limited  Partnership
Liquidating  Trust  ("Liquidating Trust) made a distribution  of $369,212 to its
investors.  These  funds were distributed 95% to the limited partners, and 5% to
the  general  partner.  This  distribution  represents  the  final  liquidating
distribution  and  the  Liquidating  Trust  has  been  dissolved.












                                   SIGNATURES
                                   ----------
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.

Dated:     April  4,  2003          American  Income  Fund  I-A, a Massachusetts
Limited  Partnership  Liquidating  Trust


By:  /s/  Wayne  E.  Engle
     ---------------------
     Name:  Wayne  E.  Engle
Title:    Vice  President  (Duly  Authorized  Officer     and  Chief  Financial
Officer)