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: January 23, 2004
                        (Date of Earliest event reported)


                          CALIFORNIA ALMOND INVESTORS I
                          -----------------------------
                        A California Limited Partnership
             (Exact name of registrant as specified in its charter)


                                   CALIFORNIA
                 (State or other jurisdiction of incorporation)


33-10196                                    94-03021688
- ------------------------                    ------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)


                          California Almond Investors I
                             2210 Northpoint Parkway
                              Santa Rosa, CA 65407
             (Address of principal executive offices and & zip code)


                                  707-579-3742
                Registrant Telephone number, including area code



Item 2. - Acquisition or Disposition of Assets.

Hooker Ranch

         As part of the  partnership's  plan to liquidate,  on January 23, 2004,
the Partnership  sold the Hooker Ranch.  The property was purchased on March 15,
1989 for approximately $1,527,500.

         The  property  is  located  in the San  Joaquin  Valley of  California,
approximately seven miles east of the town of Hickman, which is approximately 14
miles  northwest  of Modesto in east  central  Stanislaus  County.  The property
comprises  approximately 241 gross acres,  with  approximately 233 acres planted
with almond  trees.  The almond trees were  planted in 1981,  and consist of 50%
NonPareil, 25% Carmel, and 25% Fritz nut varieties.

         The property was appraised in November 2003 for $1,250,000. It was sold
for  $1,800,000.  The sale was an all cash  transaction.  The buyer was the Dave
Wilson Nursery.  The buyer was not related to the General  Partner,  Charterhill
Pacific, or any of their principals.


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act or 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

By:      Vintech Almond Advisers, Inc.
         A California Corporation,
         Managing General Partner


         By:
              -----------------------------------------------------
              David A. Bade,            President