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                            UNITED STATES

                  SECURITIES AND EXCHANGE COMMISSION

                       WASHINGTON, D.C.  20549



                              FORM 10-K



              ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)

                OF THE SECURITIES EXCHANGE ACT OF 1934





             For the fiscal year ended    March 31, 1996



                 Commission file number     33-11194





                  CENTURY PACIFIC HOUSING FUND I

      (Exact name of registrant as specified in its charter)





          CALIFORNIA                       95-3938971

(State of other jurisdiction of           (IRS Employer

incorporation of organization)        Identification Number)





               1925 Century Park East, Suite 1760

                    Los Angeles, CA   90067

            (Address of principal executive offices)





Registrant's telephone number, including area code:

                      (310) 208-1888





                     NO CHANGE

(Former name, former address and former fiscal year if 

            changed since last report)



Indicate by a check mark whether the registrant (1) has filed

all reports required to be filed by Section 13 or 15(d) of the

Securities Exchange Act of 1934 during the preceding 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  [ ]