SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20547

                                 SCHEDULE 14D-9

                  SOLICITATION/RECOMMENDATION STATEMENT UNDER
            SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934

                          CENTURY PROPERTIES FUND XVII
- --------------------------------------------------------------------------------
                           (Name of Subject Company)

                          CENTURY PROPERTIES FUND XVII
- --------------------------------------------------------------------------------
                      (Names of Persons Filing Statement)

                           LIMITED PARTNERSHIP UNITS
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                      NONE
- --------------------------------------------------------------------------------
                     (CUSIP Number of Class of Securities)

                                 MARTHA L. LONG
                  APARTMENT INVESTMENT AND MANAGEMENT COMPANY
                                55 BEATTIE PLACE
                                 P.O. BOX 1089
                        GREENVILLE, SOUTH CAROLINA 29602
                                 (864) 239-1000
- --------------------------------------------------------------------------------
           (Name, address, and telephone numbers of person authorized
to receive notices and communications on behalf of the persons filing statement)

                                   Copies to:

                                 Joseph A. Coco
                    Skadden, Arps, Slate, Meagher & Flom LLP
                               Four Times Square
                            New York, New York 10036
                                 (212) 735-3000

                                      and

                              Jonathan L. Friedman
                    Skadden, Arps, Slate, Meagher & Flom LLP
                             300 South Grand Avenue
                         Los Angeles, California 90071
                                 (213) 687-5000

[ ] Check the box if the filing relates solely to preliminary communications
    made before the commencement of a tender offer.


                                 SCHEDULE 14D-9

     This Schedule 14D-9 relates to the offer by AIMCO Properties, L.P., a
Delaware limited partnership ("AIMCO OP"), to purchase units of limited
partnership interest (the "Units") of Century Properties Fund XVII, a California
limited partnership (the "Partnership"), at a price of $258.58 per unit in cash,
subject to the conditions set forth in the Litigation Settlement Offer dated
November 8, 2004, and in the related Letter of Transmittal, as each may be
amended and supplemented from time to time (collectively, the "Offer"). Copies
of the Litigation Settlement Offer and the Letter of Transmittal are filed with
this Schedule TO as Exhibits (a)(1) and (a)(2), respectively.

ITEM 1.  SUBJECT COMPANY INFORMATION.

     (a) The information set forth under "THE LITIGATION SETTLEMENT
OFFER -- Certain Information Concerning Your Partnership" in the Litigation
Settlement Offer is incorporated herein by reference. The Partnership's
principal executive offices are located at 55 Beattie Place, P.O. Box 1089,
Greenville, South Carolina 29602, and its phone number is (864) 239-1000.

     (b) This Schedule 14D-9 relates to the units of limited partnership
interest of Century Properties Fund XVII, of which 75,000 units were issued and
outstanding as of September 30, 2004.

ITEM 2.  IDENTITY AND BACKGROUND OF FILING PERSON.

     (a) This Schedule 14D-9 is being filed by Century Properties Fund XVII, a
California limited partnership (the "Partnership"), of which the sole general
partner is Fox Partners. The Partnership's principal executive offices are
located at 55 Beattie Place, P.O. Box 1089, Greenville, South Carolina 29602,
and its phone number is (864) 239-1000.

     (d) The information set forth under "SUMMARY TERM SHEET" and "THE
LITIGATION SETTLEMENT OFFER -- Information Concerning Us and Certain of Our
Affiliates" in the Litigation Settlement Offer is incorporated herein by
reference.

ITEM 3.  PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.

     (d) The information set forth under "THE LITIGATION SETTLEMENT
OFFER -- Conflicts of Interest and Transactions with Affiliates" in the
Litigation Settlement Offer is incorporated herein by reference.

ITEM 4.  SOLICITATION OR RECOMMENDATION.

     (a) and (b) The information set forth under "THE LITIGATION SETTLEMENT
OFFER -- Position of Your General With Respect to the Offer" in the Litigation
Settlement Offer is incorporated herein by reference.

     (c) Not applicable.

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ITEM 5.  PERSON/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED.

     Not Applicable.

ITEM 6.  INTEREST IN SECURITIES OF THE SUBJECT COMPANY.

     (b) Not applicable.

ITEM 7.  PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.

     (d) Not Applicable.

ITEM 8.  ADDITIONAL INFORMATION.

     (b) The information set forth in the Litigation Settlement Offer and the
related Letter of Transmittal is incorporated herein by reference.

ITEM 9.  EXHIBITS.

<Table>
      
(a)(1)   Litigation Settlement Offer dated November 8, 2004
         (incorporated by reference herein to the applicable exhibit
         filed with the Schedule TO filed November 8, 2004, relating
         to the Offer).
(a)(2)   Letter of Transmittal and related Instructions (incorporated
         by reference herein) to the applicable exhibit filed with
         the Schedule TO filed November 8, 2004, relating to the
         Offer).
(a)(3)   Letter from AIMCO OP to the Limited Partners of Century
         Properties Fund XVII (incorporated by reference herein) to
         the applicable exhibit filed with the Schedule TO filed
         November 8, 2004, relating to the Offer).
(e)      Not applicable.
(g)      None.
</Table>

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                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                          CENTURY PROPERTIES FUND XVII

                                          By: Fox Partners
                                              General Partner

                                          By: Fox Capital Management Corporation
                                              Managing General Partner

                                          By:      /s/ MARTHA L. LONG
                                            ------------------------------------
                                              Martha L. Long
                                              Senior Vice President

Dated: November 8, 2004

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