SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 SCHEDULE TO/A

                               (AMENDMENT NO. 1)

        TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                           Century Properties Fund XIV
--------------------------------------------------------------------------------
                       (Name of Subject Company (Issuer))

                             AIMCO Properties, L.P.
                   Apartment Investment and Management Company
                                 AIMCO-GP, Inc.
                       Fox Capital Management Corporation
--------------------------------------------------------------------------------
                      (Names of Filing Persons (Offerors))

                            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
                                   PO 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 filing persons)

                                    Copy 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

                            Calculation of Filing Fee

                TRANSACTION VALUATION*          AMOUNT OF FILING FEE
                ----------------------          --------------------
                       $323,430.63                     $38.07





*    For purposes of calculating the fee only. This amount assumes the purchase
     of 19,927.95 units of limited partnership interest of the subject
     partnership for $16.23 per unit. The amount of the filing fee, calculated
     in accordance with Section 14(g)(1)(B)(3) and Rule 0-11(d) under the
     Securities Exchange Act of 1934, as amended, equals $117.70 per million of
     the aggregate amount of cash offered by the bidder.

[X]  Check the box if any part of the fee is offset as provided by Rule
     0-11(a)(2) and identify the filing with which the offsetting fee was
     previously paid. Identify the previous filing by registration statement
     number, or the Form or Schedule and the date of its filing.

Amount Previously Paid: $38.07              Filing Party: AIMCO Properties, L.P.

Form or Registration No.: Schedule TO/13E-3 Date Filed: February 16, 2005

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

Check the appropriate boxes below to designate any transactions to which the
statement relates:

[X]  third-party tender offer subject to Rule 14d-1

[ ]  issuer tender offer subject to Rule 13e-4

[X]  going-private transaction subject to Rule 13e-3

[ ]  amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]

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                         AMENDMENT NO. 1 TO SCHEDULE TO

         This Amendment No. 1 amends and supplements the Tender Offer Statement
and Rule 13e-3 Transaction Statement on Schedule TO initially filed on February
16, 2005 (the "Schedule TO"). This Amendment No. 1 relates to the offer by AIMCO
Properties, L.P., a Delaware limited partnership, to purchase units of limited
partnership interest ("Units") of Century Properties Fund XIV, a California
limited partnership (the "Partnership"), at a price of $16.23 per unit in cash,
subject to the conditions set forth in the Offer to Purchase dated February 16,
2005 and in the related Letter of Transmittal (which, together with any
supplements or amendments, collectively constitute the "Offer"). Copies of the
Offer to Purchase and the Letter of Transmittal are filed with the Schedule TO
as Exhibits (a)(1) and (a)(2), respectively. The item numbers and responses
thereto below are in accordance with the requirements of Schedule TO. Unless
defined herein, capitalized terms used and not otherwise defined herein have the
respective meanings ascribed to such terms in the Offer to Purchase.

         On March 15, 2005, AIMCO Properties, L.P. mailed a letter to the
holders of Units of the Partnership and issued a press release announcing the
extension of the expiration date of the Offer from midnight, New York City time,
on March 17, 2005, to midnight, New York City time, on March 28, 2005. Copies of
the press release and letter have been filed as Exhibits(a)(4) and (a)(5),
respectively, to this Amendment No. 1.

                                       3


ITEM 12. EXHIBITS.

         Item 12 of the Schedule TO is amended and supplemented as follows:


         (a)(4)   Press Release, dated March 15, 2005.

         (a)(5)   Letter, dated March 15, 2005, from AIMCO Properties, L.P. to
                  the limited partners of Century Properties Fund XIV.

         (a)(6)   Letter of Transmittal and related Instructions (Exhibit(a)(2)
                  to Century Properties Fund XIV's Schedule TO, filed with the
                  Securities and Exchange Commission on February 16, 2005, is
                  incorporated herein by reference).


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                                    SIGNATURE

     After due inquiry and to the best of its knowledge and belief, the
undersigned hereby certify that the information set forth in this statement is
true, complete and correct.

Date: March 15, 2005

                                               AIMCO PROPERTIES, L.P.

                                               By: AIMCO-GP, INC.
                                                   Its General Partner

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


                                               APARTMENT INVESTMENT AND
                                               MANAGEMENT COMPANY

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


                                               AIMCO-GP, INC.

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


                                               FOX CAPITAL MANAGEMENT
                                               CORPORATION

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



                                       5



                                  EXHIBIT INDEX

<Table>
<Caption>
EXHIBIT NO.                       DESCRIPTION
-----------                       -----------
          
   (a)(4)    Press Release, dated March 15, 2005.

   (a)(5)    Letter, dated March 15, 2005, from AIMCO Properties, L.P. to the
             limited partners of Century Properties Fund XIV.

   (a)(6)    Letter of Transmittal and related Instructions (Exhibit (a)(2) to
             Century Properties Fund XIV's Schedule TO, filed with the
             Securities and Exchange Commission on February 16, 2005, is
             incorporated herein by reference).
</Table>


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