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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549


   
                                  Form 10-QSB/A
    


(Mark One)
[X]      Quarterly Report Under Section 13 or 15(d) of
         the Securities Exchange Act of 1934

         For the Quarterly period ended September 30, 1995

[ ]      Transition Report Under Section 13 or 15(d) of the Exchange 
         Act For the Transition period from _______________ to _______________

                        Commission File Number:  0-17600


            Common Goal Health Care Participating Mortgage Fund L.P.
    ----------------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)


           Delaware                             52-1475268    
- -------------------------------            -------------------
(State or other jurisdiction of                 (I.R.S. Employer
incorporation or organization)                Identification No.)


                            6920 Donachie Road, #209
                           Baltimore, Maryland  21239       
                 ---------------------------------------------
                    (Address of principal executive offices)


                                 (410) 828-4344      
                 ---------------------------------------------
                          (Issuer's telephone number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  YES   X      NO
                                                               ------      -----




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                                   SIGNATURES

   
In accordance with the requirements of the Exchange Act, the registrant caused
this amendment to the report to be signed on its behalf by the undersigned, 
thereunto duly authorized.
    


            Common Goal Health Care Participating Mortgage Fund L.P.
            --------------------------------------------------------
                                  (Registrant)




                         By:  Common Goal Capital Group, Inc.
                              Managing General Partner


   
DATED:  January 4, 1996       /s/ Albert E. Jenkins, III
    
                              --------------------------
                              Albert E. Jenkins, III
                              President, Chief Executive Officer
                              and Acting Chief Financial Officer





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