UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

(X)   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended December 31, 2007

or

( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number        0-17679

BOSTON CAPITAL TAX CREDIT FUND LIMITED PARTNERSHIP.(Exact name of registrant as specified in its charter)



|Delaware                          | 04-3006542         
|--------------------------------- | -------------------
|(State or other jurisdiction      | (I.R.S. Employer   
|of incorporation or organization) | Identification No.)



One Boston Place, Suite 2100, Boston, Massachusetts  02108(Address of principal executive offices)           (Zip Code)

(617) 624-8900

(Registrant's telephone number, including area code)



(Former name, former address and former fiscal year, if changed since last report)



Indicate by 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 ý | Noo
|----- | ---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act  (check one):

|Large accelerated filero | Accelerated filero         
|------------------------ | ---------------------------
|Non-accelerated filero   | Smaller reporting company ý

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

|Yeso | No ý
|---- | ----

BOSTON CAPITAL TAX CREDIT FUND LIMITED PARTNERSHIP

QUARTERLY REPORT ON FORM 10-QFOR THE QUARTER ENDEDDECEMBER 31, 2007

TABLE OF CONTENTS
FOR THE QUARTER ENDED DECEMBER 31, 2007

Balance Sheets	4

Balance Sheets Series 1	5

Balance Sheets Series 2	6

Balance Sheets Series 3	7

Balance Sheets Series 4	8

Balance Sheets Series 5	9

Balance Sheets Series 6	10

Statements of Operations three months	11

Three Months Operations Series 1

Three Months Operations Series 2

Three Months Operations Series 3

Three Months Operations Series 4	15

Three Months Operations Series 5	16

Three Months Operations Series 6	17



Statements of Operations NiNE months	18

Nine Months Operations Series 1	19

Nine Months Operations Series 2	20

Nine Months Operations Series 3	21

Nine Months Operations Series 4	22

Nine Months Operations Series 5	23

Nine Months Operations Series 6	24



STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DeFICIT)	25

Partners' Capital (Deficit) Series 1	26

Partners' Capital (Deficit) Series 2	26

Partners' Capital (Deficit) Series 3	27

Partners' Capital (Deficit) Series 4	27

Partners' Capital (Deficit) Series 5	28

Partners' Capital (Deficit) Series 6	28

Statements of Cash Flows	29

Cash Flows Series 1

Cash Flows Series 2	31

Cash Flows Series 3	32

Cash Flows Series 4	33

Cash Flows Series 5	34

Cash Flows Series 6	35

















BOSTON CAPITAL TAX CREDIT FUND LIMITED PARTNERSHIP

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED DECEMBER 31, 2007

TABLE OF CONTENTS (CONTINUED)

Notes to Financial Statements

Note A Organization	36

Note B Accounting

Note C Related Party Transactions	37

Note D Investments	39

COMBINED STATEMENTS OF OPERATION	41

Combined Statements Series 1	42

Combined Statements Series 2	43

Combined Statements Series 3	44

Combined Statements Series 4	45

Combined Statements Series 5	46

Combined Statements Series 6	47

Note E Taxable Loss	48

Note F Plan of Liquidation	48

Note G Subsequent Event	48

Liquidity	49

Capital Resources	49

Results of Operations	50

Principal Accounting Policies	76

Quantitative and Qualitative	77

Controls and Procedures	77

Part II Other Information	79

Item 1. Legal Proceedings	79

Item 1A. Risk Factors	79

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	79

Item 3. Defaults Upon Senior Securities	79

Item 4. Submission of Matters to a Vote of Security Holders	79

Item 5. Other Information	79

Item 6. Exhibits	79

Signatures	80





















Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETS







|                                                                                                                                                                                           | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                     |                               |                         
|Cash and cash equivalents                                                                                                                                                                  | $  2,206,558                  | $  1,764,394            
|Other assets                                                                                                                                                                               | 41,289                        | 416,286                 
|                                                                                                                                                                                           |                               |                         
|                                                                                                                                                                                           | $2,247,847                    | $2,180,680              
|                                                                                                                                                                                           |                               |                         
|LIABILITIES                                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Accounts payable                                                                                                                                                                           | $     27,650                  | $      2,500            
|Accounts payable affiliates (note C)                                                                                                                                                       | 6,158,073                     | 6,883,251               
|                                                                                                                                                                                           |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 9,800,600 issued and
   outstanding | (3,107,456)                   | (3,866,978)             
|General Partner                                                                                                                                                                            | (830,420)                     | (838,093)               
|                                                                                                                                                                                           | (3,937,876)                   | (4,705,071)             
|                                                                                                                                                                                           | $2,247,847                    | $2,180,680              

































The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETSSeries 1





|                                                                                                                                                                                           | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                     |                               |                         
|Cash and cash equivalents                                                                                                                                                                  | $     204,521                 | $     31,254            
|Other assets                                                                                                                                                                               | -                             | -                       
|                                                                                                                                                                                           |                               |                         
|                                                                                                                                                                                           | $204,521                      | $31,254                 
|                                                                                                                                                                                           |                               |                         
|LIABILITIES                                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Accounts payable                                                                                                                                                                           | $      27,650                 | $          -            
|Accounts payable affiliates (note C)                                                                                                                                                       | 2,642,714                     | 2,602,047               
|                                                                                                                                                                                           |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 1,299,900 issued and
   outstanding | (2,328,352)                   | (2,432,252)             
|General Partner                                                                                                                                                                            | (137,491)                     | (138,541)               
|                                                                                                                                                                                           | (2,465,843)                   | (2,570,793)             
|                                                                                                                                                                                           | $204,521                      | $31,254                 

















The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETSSeries 2





|                                                                                                                                                                                         | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                   |                               |                         
|Cash and cash equivalents                                                                                                                                                                | $     84,070                  | $    337,414            
|Other assets                                                                                                                                                                             | -                             | -                       
|                                                                                                                                                                                         |                               |                         
|                                                                                                                                                                                         | $84,070                       | $337,414                
|                                                                                                                                                                                         |                               |                         
|LIABILITIES                                                                                                                                                                              |                               |                         
|                                                                                                                                                                                         |                               |                         
|Accounts payable                                                                                                                                                                         | $          -                  | $          -            
|Accounts payable affiliates (note C)                                                                                                                                                     | -                             | 193,420                 
|                                                                                                                                                                                         |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                              |                               |                         
|                                                                                                                                                                                         |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 830,300 issued and
   outstanding | 149,689                       | 209,014                 
|General Partner                                                                                                                                                                          | (65,619)                      | (65,020)                
|                                                                                                                                                                                         | 84,070                        | 143,994                 
|                                                                                                                                                                                         | $84,070                       | $337,414                























The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETSSeries 3





|                                                                                                                                                                                           | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                     |                               |                         
|Cash and cash equivalents                                                                                                                                                                  | $    126,825                  | $    169,122            
|Other assets                                                                                                                                                                               | 41,083                        | -                       
|                                                                                                                                                                                           |                               |                         
|                                                                                                                                                                                           | $167,908                      | $169,122                
|                                                                                                                                                                                           |                               |                         
|LIABILITIES                                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Accounts payable                                                                                                                                                                           | $          -                  | $      2,500            
|Accounts payable affiliates (note C)                                                                                                                                                       | 2,771,549                     | 2,714,550               
|                                                                                                                                                                                           |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 2,882,200 issued and
   outstanding | (2,344,787)                   | (2,289,631)             
|General Partner                                                                                                                                                                            | (258,854)                     | (258,297)               
|                                                                                                                                                                                           | (2,603,641)                   | (2,547,928)             
|                                                                                                                                                                                           | $167,908                      | $169,122                























The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETSSeries 4





|                                                                                                                                                                                           | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                     |                               |                         
|Cash and cash equivalents                                                                                                                                                                  | $    120,066                  | $    354,790            
|Other assets                                                                                                                                                                               | 206                           | 206                     
|                                                                                                                                                                                           |                               |                         
|                                                                                                                                                                                           | $120,272                      | $354,996                
|                                                                                                                                                                                           |                               |                         
|LIABILITIES                                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Accounts payable                                                                                                                                                                           | $          -                  | $          -            
|Accounts payable affiliates (note C)                                                                                                                                                       | 743,810                       | 898,530                 
|                                                                                                                                                                                           |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 2,995,300 issued and
   outstanding | (369,140)                     | (289,936)               
|General Partner                                                                                                                                                                            | (254,398)                     | (253,598)               
|                                                                                                                                                                                           | (623,538)                     | (543,534)               
|                                                                                                                                                                                           | $120,272                      | $354,996                























The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETSSeries 5





|                                                                                                                                                                                         | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                   |                               |                         
|Cash and cash equivalents                                                                                                                                                                | $    468,419                  | $     12,636            
|Other assets                                                                                                                                                                             | -                             | -                       
|                                                                                                                                                                                         |                               |                         
|                                                                                                                                                                                         | $468,419                      | $12,636                 
|                                                                                                                                                                                         |                               |                         
|LIABILITIES                                                                                                                                                                              |                               |                         
|                                                                                                                                                                                         |                               |                         
|Accounts payable                                                                                                                                                                         | $          -                  | $          -            
|Accounts payable affiliates (note C)                                                                                                                                                     | -                             | 439,048                 
|                                                                                                                                                                                         |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                              |                               |                         
|                                                                                                                                                                                         |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 489,900 issued and
   outstanding | 505,485                       | (380,398)               
|General Partner                                                                                                                                                                          | (37,066)                      | (46,014)                
|                                                                                                                                                                                         | 468,419                       | (426,412)               
|                                                                                                                                                                                         | $468,419                      | $12,636                 























The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership

BALANCE SHEETSSeries 6





|                                                                                                                                                                                           | December 31,
2007
(Unaudited) | March 31,
2007
(Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                                                     |                               |                         
|Cash and cash equivalents                                                                                                                                                                  | $  1,202,657                  | $    859,178            
|Other assets                                                                                                                                                                               | -                             | 416,080                 
|                                                                                                                                                                                           |                               |                         
|                                                                                                                                                                                           | $1,202,657                    | $1,275,258              
|                                                                                                                                                                                           |                               |                         
|LIABILITIES                                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Accounts payable                                                                                                                                                                           | $          -                  | $          -            
|Accounts payable affiliates (note C)                                                                                                                                                       | -                             | 35,656                  
|                                                                                                                                                                                           |                               |                         
|PARTNERS' CAPITAL (DEFICIT)                                                                                                                                                                |                               |                         
|                                                                                                                                                                                           |                               |                         
|Assignees 
  
   Units of beneficial interest of the 
   limited partnership interest of the
   assignor limited partner, $10 stated
   value per BAC, 1,303,000 issued and
   outstanding | 1,279,649                     | 1,316,225               
|General Partner                                                                                                                                                                            | (76,992)                      | (76,623)                
|                                                                                                                                                                                           | 1,202,657                     | 1,239,602               
|                                                                                                                                                                                           | $1,202,657                    | $1,275,258              























The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF OPERATIONS

Three Months Ended December 31,
(Unaudited)





|                                                       | 2007        |  | 2006        | 
|------------------------------------------------------ | ----------- |  | ----------- | 
|                                                       |             |  |             | 
|Income                                                 |             |  |             | 
|Interest income                                        | $    21,676 |  | $    14,964 | 
|Miscellaneous income                                   | 150         |  | -           | 
|                                                       | 21,826      |  | 14,964      | 
|                                                       |             |  |             | 
|Share of income from Operating 
  Partnerships(Note D) | 164,562     |  | 1,511,602   | 
|                                                       |             |  |             | 
|Expenses                                               |             |  |             | 
|Professional fees                                      | 14,292      |  | 21,017      | 
|Partnership management fees (Note C)                   | 42,196      |  | (14,395)    | 
|General and administrative fees                        | 45,201      |  | 25,944      | 
|                                                       | 101,689     |  | 32,566      | 
|                                                       |             |  |             | 
|NET INCOME (LOSS)                                      | $84,699     |  | $1,494,000  | 
|                                                       |             |  |             | 
|Net income (loss) allocated to assignees               | $83,851     |  | $1,479,059  | 
|                                                       |             |  |             | 
|Net income (loss) allocated to general partner         | $848        |  | $14,941     | 
|                                                       |             |  |             | 
|Net income (loss) per BAC                              | $.01        |  | $.15        | 
|                                                       |             |  |             | 





The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series1



|                                                       | 2007         |  | 2006         | 
|------------------------------------------------------ | ------------ |  | ------------ | 
|                                                       |              |  |              | 
|Income                                                 |              |  |              | 
|Interest income                                        | $        529 |  | $        321 | 
|Miscellaneous income                                   | 150          |  | -            | 
|                                                       | 679          |  | 321          | 
|                                                       |              |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | 133,270      |  | -            | 
|                                                       |              |  |              | 
|Expenses                                               |              |  |              | 
|Professional fees                                      | 2,289        |  | 3,527        | 
|Partnership management fees (Note C)                   | (7,622)      |  | 9,074        | 
|General and administrative fees                        | 6,979        |  | 3,958        | 
|                                                       | (1,646)      |  | 16,559       | 
|                                                       |              |  |              | 
|NET INCOME (LOSS)                                      | $132,303     |  | $(16,238)    | 
|                                                       |              |  |              | 
|Net income (loss) allocated to assignees               | $130,980     |  | $(16,076)    | 
|                                                       |              |  |              | 
|Net income (loss) allocated to general partner         | $1,323       |  | $(162)       | 
|                                                       |              |  |              | 
|Net income (loss) per BAC                              | $.10         |  | $(.01)       | 
|                                                       |              |  |              | 







The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONSThree Months Ended December 31,

(Unaudited)

Series2



|                                                       | 2007         | 2006         | 
|------------------------------------------------------ | ------------ | ------------ | 
|                                                       |              |              | 
|Income                                                 |              |              | 
|Interest income                                        | $      1,395 | $      5,376 | 
|Miscellaneous income                                   | -            | -            | 
|                                                       | 1,395        | 5,376        | 
|                                                       |              |              | 
|Share of income from Operating 
  Partnerships(Note D) | -            | 826,565      | 
|                                                       |              |              | 
|Expenses                                               |              |              | 
|Professional fees                                      | 2,183        | 2,644        | 
|Partnership management fees (Note C)                   | 12,642       | 9,849        | 
|General and administrative fees                        | 5,698        | 3,261        | 
|                                                       | 20,523       | 15,754       | 
|                                                       |              |              | 
|NET INCOME (LOSS)                                      | $(19,128)    | $816,187     | 
|                                                       |              |              | 
|Net income (loss) allocated to assignees               | $(18,937)    | $808,025     | 
|                                                       |              |              | 
|Net income (loss) allocated to general partner         | $(191)       | $8,162       | 
|                                                       |              |              | 
|Net income (loss) per BAC                              | $(.02)       | $.97         | 
|                                                       |              |              | 





The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF OPERATIONS
 Three Months Ended December 31,
(Unaudited)Series3



|                                                       | 2007         |  | 2006         | 
|------------------------------------------------------ | ------------ |  | ------------ | 
|                                                       |              |  |              | 
|Income                                                 |              |  |              | 
|Interest income                                        | $      1,305 |  | $        715 | 
|Miscellaneous income                                   | -            |  | -            | 
|                                                       | 1,305        |  | 715          | 
|                                                       |              |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | 31,292       |  | 83,161       | 
|                                                       |              |  |              | 
|Expenses                                               |              |  |              | 
|Professional fees                                      | 2,688        |  | 5,188        | 
|Partnership management fees (Note C)                   | 7,090        |  | 15,489       | 
|General and administrative expenses                    | 11,234       |  | 6,399        | 
|                                                       | 21,012       |  | 27,076       | 
|                                                       |              |  |              | 
|NET INCOME (LOSS)                                      | $11,585      |  | $56,800      | 
|                                                       |              |  |              | 
|Net income (loss) allocated to assignees               | $11,469      |  | $56,232      | 
|                                                       |              |  |              | 
|Net income (loss) allocated to general partner         | $116         |  | $568         | 
|                                                       |              |  |              | 
|Net income (loss) per BAC                              | $.00         |  | $.02         | 
|                                                       |              |  |              | 









The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF OPERATIONS
Three Months Ended December 31,

(Unaudited)Series4



|                                                       | 2007        |  | 2006        | 
|------------------------------------------------------ | ----------- |  | ----------- | 
|                                                       |             |  |             | 
|Income                                                 |             |  |             | 
|Interest income                                        | $     1,416 |  | $     2,413 | 
|Miscellaneous income                                   | -           |  | -           | 
|                                                       | 1,416       |  | 2,413       | 
|                                                       |             |  |             | 
|Share of income from Operating 
  Partnerships(Note D) | -           |  | 139,596     | 
|                                                       |             |  |             | 
|Expenses                                               |             |  |             | 
|Professional fees                                      | 2,564       |  | 4,169       | 
|Partnership management fees (Note C)                   | 13,548      |  | (54,371)    | 
|General and administrative fees                        | 9,932       |  | 5,695       | 
|                                                       | 26,044      |  | (44,507)    | 
|                                                       |             |  |             | 
|NET INCOME (LOSS)                                      | $(24,628)   |  | $186,516    | 
|                                                       |             |  |             | 
|Net income (loss) allocated to assignees               | $(24,382)   |  | $184,651    | 
|                                                       |             |  |             | 
|Net income (loss) allocated to general partner         | $(246)      |  | $1,865      | 
|                                                       |             |  |             | 
|Net income (loss) per BAC                              | $(.01)      |  | $.06        | 
|                                                       |             |  |             | 









The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF OPERATIONS
 Three Months Ended December 31,
(Unaudited)Series5



|                                                       | 2007         | 2006        
|------------------------------------------------------ | ------------ | ------------
|                                                       |              |             
|Income                                                 |              |             
|Interest income                                        | $      4,794 | $        160
|Miscellaneous income                                   | -            | -           
|                                                       | 4,794        | 160         
|                                                       |              |             
|Share of income from Operating 
  Partnerships(Note D) | -            | -           
|                                                       |              |             
|Expenses                                               |              |             
|Professional fees                                      | 2,315        | 2,223       
|Partnership management fees (Note C)                   | 5,654        | 8,164       
|General and administrative fees                        | 4,749        | 2,791       
|                                                       | 12,718       | 13,178      
|                                                       |              |             
|NET INCOME (LOSS)                                      | $(7,924)     | $(13,018)   
|                                                       |              |             
|Net income (loss) allocated to assignees               | $(7,845)     | $(12,888)   
|                                                       |              |             
|Net income (loss) allocated to general partner         | $(79)        | $(130)      
|                                                       |              |             
|Net income (loss) per BAC                              | $(.02)       | $(.03)      
|                                                       |              |             



The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF OPERATIONS
Three Months Ended December 31,

(Unaudited)Series 6



|                                                       | 2007         |  | 2006         | 
|------------------------------------------------------ | ------------ |  | ------------ | 
|                                                       |              |  |              | 
|Income                                                 |              |  |              | 
|Interest income                                        | $     12,237 |  | $      5,979 | 
|Miscellaneous income                                   | -            |  | -            | 
|                                                       | 12,237       |  | 5,979        | 
|                                                       |              |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | -            |  | 462,280      | 
|                                                       |              |  |              | 
|Expenses                                               |              |  |              | 
|Professional fees                                      | 2,253        |  | 3,266        | 
|Partnership management fees (Note C)                   | 10,884       |  | (2,600)      | 
|General and administrative expenses                    | 6,609        |  | 3,840        | 
|                                                       | 19,746       |  | 4,506        | 
|                                                       |              |  |              | 
|NET INCOME (LOSS)                                      | $(7,509)     |  | $463,753     | 
|                                                       |              |  |              | 
|Net income (loss) allocated to assignees               | $(7,434)     |  | $459,115     | 
|                                                       |              |  |              | 
|Net income (loss) allocated to general partner         | $(75)        |  | $4,638       | 
|                                                       |              |  |              | 
|Net income (loss) per BAC                              | $(.01)       |  | $.35         | 
|                                                       |              |  |              | 

















The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS

Nine Months Ended December 31,
(Unaudited)







|                                                       | 2007        |  | 2006         | 
|------------------------------------------------------ | ----------- |  | ------------ | 
|                                                       |             |  |              | 
|Income                                                 |             |  |              | 
|Interest income                                        | $    58,626 |  | $     23,911 | 
|Miscellaneous income                                   | 1,027       |  | 10,209       | 
|                                                       | 59,653      |  | 34,120       | 
|                                                       |             |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | 1,090,062   |  | 6,026,790    | 
|                                                       |             |  |              | 
|Expenses                                               |             |  |              | 
|Professional fees                                      | 105,856     |  | 86,383       | 
|Partnership management fees (Note C)                   | 159,598     |  | 79,656       | 
|General and administrative fees                        | 117,066     |  | 38,392       | 
|                                                       | 382,520     |  | 204,431      | 
|                                                       |             |  |              | 
|NET INCOME (LOSS)                                      | $767,195    |  | $5,856,479   | 
|                                                       |             |  |              | 
|Net income (loss) allocated to assignees               | $759,522    |  | $5,797,914   | 
|                                                       |             |  |              | 
|Net income (loss) allocated to general partner         | $7,673      |  | $58,565      | 
|                                                       |             |  |              | 
|Net income (loss) per BAC                              | $.08        |  | $.59         | 
|                                                       |             |  |              | 





The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS
Nine Months Ended December 31,

(Unaudited)



Series 1



|                                                       | 2007         |  | 2006         | 
|------------------------------------------------------ | ------------ |  | ------------ | 
|                                                       |              |  |              | 
|Income                                                 |              |  |              | 
|Interest income                                        | $      1,079 |  | $        607 | 
|Miscellaneous income                                   | 150          |  | -            | 
|                                                       | 1,229        |  | 607          | 
|                                                       |              |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | 145,770      |  | -            | 
|                                                       |              |  |              | 
|Expenses                                               |              |  |              | 
|Professional fees                                      | 17,742       |  | 14,770       | 
|Partnership management fees (Note C)                   | 6,641        |  | 47,814       | 
|General and administrative fees                        | 17,666       |  | 6,157        | 
|                                                       | 42,049       |  | 68,741       | 
|                                                       |              |  |              | 
|NET INCOME(LOSS)                                       | $104,950     |  | $(68,134)    | 
|                                                       |              |  |              | 
|Net income (loss) allocated to assignees               | $103,900     |  | $(67,453)    | 
|                                                       |              |  |              | 
|Net income (loss) allocated to general partner         | $1,050       |  | $(681)       | 
|                                                       |              |  |              | 
|Net income (loss) per BAC                              | $.08         |  | $(.05)       | 
|                                                       |              |  |              | 







The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)



Series 2



|                                                       | 2007         | 2006         | 
|------------------------------------------------------ | ------------ | ------------ | 
|                                                       |              |              | 
|Income                                                 |              |              | 
|Interest income                                        | $      5,849 | $      6,226 | 
|Miscellaneous income                                   | -            | -            | 
|                                                       | 5,849        | 6,226        | 
|                                                       |              |              | 
|Share of income from Operating 
  Partnerships(Note D) | -            | 826,565      | 
|                                                       |              |              | 
|Expenses                                               |              |              | 
|Professional fees                                      | 15,189       | 11,536       | 
|Partnership management fees (Note C)                   | 35,958       | 36,783       | 
|General and administrative fees                        | 14,626       | 5,081        | 
|                                                       | 65,773       | 53,400       | 
|                                                       |              |              | 
|NET INCOME(LOSS)                                       | $(59,924)    | $779,391     | 
|                                                       |              |              | 
|Net income (loss) allocated to assignees               | $(59,325)    | $771,597     | 
|                                                       |              |              | 
|Net income (loss) allocated to general partner         | $(599)       | $7,794       | 
|                                                       |              |              | 
|Net income (loss) per BAC                              | $(.07)       | $.93         | 
|                                                       |              |              | 





The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)Series 3



|                                                       | 2007         |  | 2006         | 
|------------------------------------------------------ | ------------ |  | ------------ | 
|                                                       |              |  |              | 
|Income                                                 |              |  |              | 
|Interest income                                        | $      4,045 |  | $      1,928 | 
|Miscellaneous income                                   | 1,301        |  | 2,129        | 
|                                                       | 5,346        |  | 4,057        | 
|                                                       |              |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | 31,292       |  | 319,161      | 
|                                                       |              |  |              | 
|Expenses                                               |              |  |              | 
|Professional fees                                      | 20,917       |  | 18,838       | 
|Partnership management fees (Note C)                   | 41,839       |  | 50,989       | 
|General and administrative expenses                    | 29,595       |  | 10,051       | 
|                                                       | 92,351       |  | 79,878       | 
|                                                       |              |  |              | 
|NET INCOME(LOSS)                                       | $(55,713)    |  | $243,340     | 
|                                                       |              |  |              | 
|Net income (loss) allocated to assignees               | $(55,156)    |  | $240,907     | 
|                                                       |              |  |              | 
|Net income (loss) allocated to general partner         | $(557)       |  | $2,433       | 
|                                                       |              |  |              | 
|Net income (loss) per BAC                              | $(.02)       |  | $.08         | 
|                                                       |              |  |              | 









The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 4



|                                                       | 2007        |  | 2006         | 
|------------------------------------------------------ | ----------- |  | ------------ | 
|                                                       |             |  |              | 
|Income                                                 |             |  |              | 
|Interest income                                        | $     5,974 |  | $      4,683 | 
|Miscellaneous income                                   | 176         |  | -            | 
|                                                       | 6,150       |  | 4,683        | 
|                                                       |             |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | -           |  | 2,040,711    | 
|                                                       |             |  |              | 
|Expenses                                               |             |  |              | 
|Professional fees                                      | 20,349      |  | 17,430       | 
|Partnership management fees (Note C)                   | 38,825      |  | (61,535)     | 
|General and administrative fees                        | 26,980      |  | 6,918        | 
|                                                       | 86,154      |  | (37,187)     | 
|                                                       |             |  |              | 
|NET INCOME(LOSS)                                       | $(80,004)   |  | $2,082,581   | 
|                                                       |             |  |              | 
|Net income (loss) allocated to assignees               | $(79,204)   |  | $2,061,755   | 
|                                                       |             |  |              | 
|Net income (loss) allocated to general partner         | $(800)      |  | $20,826      | 
|                                                       |             |  |              | 
|Net income (loss) per BAC                              | $(.03)      |  | $.69         | 
|                                                       |             |  |              | 









The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS
 Nine Months Ended December 31,
(Unaudited)Series 5



|                                                       | 2007         | 2006        
|------------------------------------------------------ | ------------ | ------------
|                                                       |              |             
|Income                                                 |              |             
|Interest income                                        | $     10,909 | $        334
|Miscellaneous income                                   | -            | -           
|                                                       | 10,909       | 334         
|                                                       |              |             
|Share of income from Operating 
  Partnerships(Note D) | 913,000      | -           
|                                                       |              |             
|Expenses                                               |              |             
|Professional fees                                      | 13,776       | 9,694       
|Partnership management fees (Note C)                   | 3,533        | 24,313      
|General and administrative fees                        | 11,769       | 4,327       
|                                                       | 29,078       | 38,334      
|                                                       |              |             
|NET INCOME(LOSS)                                       | $894,831     | $(38,000)   
|                                                       |              |             
|Net income (loss) allocated to assignees               | $885,883     | $(37,620)   
|                                                       |              |             
|Net income (loss) allocated to general partner         | $8,948       | $(380)      
|                                                       |              |             
|Net income (loss) per BAC                              | $1.81        | $(.08)      
|                                                       |              |             



The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 6



|                                                       | 2007         |  | 2006         | 
|------------------------------------------------------ | ------------ |  | ------------ | 
|                                                       |              |  |              | 
|Income                                                 |              |  |              | 
|Interest income                                        | $     30,770 |  | $     10,133 | 
|Miscellaneous income                                   | (600)        |  | 8,080        | 
|                                                       | 30,170       |  | 18,213       | 
|                                                       |              |  |              | 
|Share of income from Operating 
  Partnerships(Note D) | -            |  | 2,840,353    | 
|                                                       |              |  |              | 
|Expenses                                               |              |  |              | 
|Professional fees                                      | 17,883       |  | 14,115       | 
|Partnership management fees (Note C)                   | 32,802       |  | (18,708)     | 
|General and administrative expenses                    | 16,430       |  | 5,858        | 
|                                                       | 67,115       |  | 1,265        | 
|                                                       |              |  |              | 
|NET INCOME(LOSS)                                       | $(36,945)    |  | $2,857,301   | 
|                                                       |              |  |              | 
|Net income (loss) allocated to assignees               | $(36,576)    |  | $2,828,728   | 
|                                                       |              |  |              | 
|Net income (loss) allocated to general partner         | $(369)       |  | $28,573      | 
|                                                       |              |  |              | 
|Net income (loss) per BAC                              | $(.03)       |  | $2.17        | 
|                                                       |              |  |              | 

















The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31,
(Unaudited)





|                                                   | LimitedPartners | GeneralPartner | Total       
|-------------------------------------------------- | --------------- | -------------- | ------------
|                                                   |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $(3,866,978)    | $  (838,093)   | $(4,705,071)
|                                                   |                 |                |             
|Net income (loss)                                  | 759,522         | 7,673          | 767,195     
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $(3,107,456)    | $(830,420)     | $(3,937,876)
|                                                   |                 |                |             

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)
Nine Months Ended December 31,

(Unaudited)





|                                                   | LimitedPartners | GeneralPartner | Total       
|-------------------------------------------------- | --------------- | -------------- | ------------
|Series1                                            |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $(2,432,252)    | $  (138,541)   | $(2,570,793)
|                                                   |                 |                |             
|Net income (loss)                                  | 103,900         | 1,050          | 104,950     
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $(2,328,352)    | $(137,491)     | $(2,465,843)
|                                                   |                 |                |             
|                                                   |                 |                |             
|Series2                                            |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $    209,014    | $   (65,020)   | $    143,994
|                                                   |                 |                |             
|Net income (loss)                                  | (59,325)        | (599)          | (59,924)    
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $149,689        | $(65,619)      | $84,070     
|                                                   |                 |                |             



The accompanying notes are an integral part of these statements.









Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)
Nine Months Ended December 31,

(Unaudited)





|                                                   | LimitedPartners | GeneralPartner | Total       
|-------------------------------------------------- | --------------- | -------------- | ------------
|Series3                                            |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $(2,289,631)    | $  (258,297)   | $(2,547,928)
|                                                   |                 |                |             
|Net income (loss)                                  | (55,156)        | (557)          | (55,713)    
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $(2,344,787)    | $(258,854)     | $(2,603,641)
|                                                   |                 |                |             
|                                                   |                 |                |             
|Series4                                            |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $  (289,936)    | $  (253,598)   | $  (543,534)
|                                                   |                 |                |             
|Net income (loss)                                  | (79,204)        | (800)          | (80,004)    
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $(369,140)      | $(254,398)     | $(623,538)  
|                                                   |                 |                |             







The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31,

(Unaudited)



|                                                   | LimitedPartners | GeneralPartner | Total       
|-------------------------------------------------- | --------------- | -------------- | ------------
|Series5                                            |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $  (380,398)    | $   (46,014)   | $  (426,412)
|                                                   |                 |                |             
|Net income (loss)                                  | 885,883         | 8,948          | 894,831     
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $505,485        | $(37,066)      | $468,419    
|                                                   |                 |                |             
|Series 6                                           |                 |                |             
|Partners' capital 
 (deficit)
  April 1, 2007      | $  1,316,225    | $   (76,623)   | $  1,239,602
|                                                   |                 |                |             
|Net income (loss)                                  | (36,576)        | (369)          | (36,945)    
|                                                   |                 |                |             
|Partners' capital 
 (deficit),
  December 31, 2007 | $1,279,649      | $(76,992)      | $1,202,657  



The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited PartnershipSTATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)



|                                                                                                 | 2007         | 2006        
|------------------------------------------------------------------------------------------------ | ------------ | ------------
|Cash flows from operating activities:                                                            |              |             
|                                                                                                 |              |             
|Net Income (Loss)                                                                                | $    767,195 | $  5,856,479
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |              |             
|Share of (Income) Loss from
Operating Partnerships                                               | (1,090,062)  | (6,026,790) 
|Changes in assets and liabilities                                                                |              |             
|Increase (Decrease) in accounts
        payable and accrued expenses                             | 25,150       | 198,524     
|Decrease (Increase) in other assets                                                              | 406,289      | -           
|Increase (Decrease) in accounts
        payable affiliates                                       | (725,178)    | (4,107,858) 
|                                                                                                 |              |             
|Net cash (used in) provided by 
        operating activities                                     | (616,606)    | (4,079,645) 
|                                                                                                 |              |             
|Cash flows from investing activity:                                                              |              |             
|                                                                                                 |              |             
|Proceeds from sale of operating
limited partnerships:                                            | 1,058,770    | 5,536,455   
|                                                                                                 |              |             
|Net cash (used in) provided by
        investing activity                                        | 1,058,770    | 5,536,455   
|                                                                                                 |              |             
|Cash flows from financing activity:                                                              |              |             
|                                                                                                 |              |             
|Distributions:                                                                                   | -            | 76,724)     
|Net cash (used in) provided by
        financing activity                                        | -            | (76,724)    
|                                                                                                 |              |             
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | 442,164      | 1,380,086   
|                                                                                                 |              |             
|Cash and cash equivalents, beginning                                                             | 1,764,394    | 591,583     
|                                                                                                 |              |             
|Cash and cash equivalents, ending                                                                | $2,206,558   | $1,971,669  







The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series1



|                                                                                                 | 2007        | 2006        
|------------------------------------------------------------------------------------------------ | ----------- | ------------
|Cash flows from operating activities:                                                            |             |             
|                                                                                                 |             |             
|Net Income (Loss)                                                                                | $   104,950 | $   (68,134)
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |             |             
|Share of (Income) Loss from
Operating Partnerships                                               | (145,770)   | -           
|Changes in assets and liabilities                                                                |             |             
|Increase (Decrease) in accounts
        payable and accrued expenses                             | 27,650      | -           
|Decrease (Increase) in other assets                                                              | -           | -           
|Increase (Decrease) in accounts
        payable affiliates                                       | 40,667      | 57,641      
|                                                                                                 |             |             
|Net cash (used in) provided by 
        operating activities                                     | 27,497      | (10,493)    
|                                                                                                 |             |             
|Cash flows from investing activity:                                                              |             |             
|                                                                                                 |             |             
|Proceeds from sale of operating
limited partnerships:                                            | 145,770     | -           
|                                                                                                 |             |             
|Net cash (used in) provided by
        investing activity                                        | 145,770     | -           
|                                                                                                 |             |             
|Cash flows from financing activity:                                                              |             |             
|                                                                                                 |             |             
|Distributions:                                                                                   | -           | -           
|Net cash (used in) provided by
        financing activity                                        | -           | -           
|                                                                                                 |             |             
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | 173,267     | (10,493)    
|                                                                                                 |             |             
|Cash and cash equivalents, beginning                                                             | 31,254      | 52,894      
|                                                                                                 |             |             
|Cash and cash equivalents, ending                                                                | $204,521    | $42,401     





The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CASH FLOWS



Nine Months Ended December 31,
(Unaudited)Series 2



|                                                                                                 | 2007         | 2006       
|------------------------------------------------------------------------------------------------ | ------------ | -----------
|Cash flows from operating activities:                                                            |              |            
|                                                                                                 |              |            
|Net Income (Loss)                                                                                | $   (59,924) | $   779,391
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |              |            
|Share of (Income) Loss from
Operating Partnerships                                               | -            | (826,565)  
|Changes in assets and liabilities                                                                |              |            
|Increase (Decrease) in accounts
        payable and accrued expenses                             | -            | 174,324    
|Decrease (Increase) in other assets                                                              | -            | -          
|Increase (Decrease) in accounts
        payable affiliates                                       | (193,420)    | (602,028)  
|                                                                                                 |              |            
|Net cash (used in) provided by 
        operating activities                                     | (253,344)    | (474,878)  
|                                                                                                 |              |            
|Cash flows from investing activity:                                                              |              |            
|                                                                                                 |              |            
|Proceeds from sale of operating
limited partnerships:                                            | -            | 826,565    
|                                                                                                 |              |            
|Net cash (used in) provided by
        investing activity                                        | -            | 826,565    
|                                                                                                 |              |            
|Cash flows from financing activity:                                                              |              |            
|                                                                                                 |              |            
|Distributions:                                                                                   | -            | -          
|Net cash (used in) provided by
        financing activity                                        | -            | -          
|                                                                                                 |              |            
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | (253,344)    | 351,687    
|                                                                                                 |              |            
|Cash and cash equivalents, beginning                                                             | 337,414      | 162,014    
|                                                                                                 |              |            
|Cash and cash equivalents, ending                                                                | $84,070      | $513,701   



The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)

Series 3



|                                                                                                 | 2007         | 2006       
|------------------------------------------------------------------------------------------------ | ------------ | -----------
|Cash flows from operating activities:                                                            |              |            
|                                                                                                 |              |            
|Net Income (Loss)                                                                                | $   (55,713) | $   243,340
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |              |            
|Share of (Income) Loss from
Operating Partnerships                                               | (31,292)     | (319,161)  
|Changes in assets and liabilities                                                                |              |            
|Increase (Decrease) in accounts
        payable and accrued expenses                             | (2,500)      | -          
|Decrease (Increase) in other assets                                                              | (9,791)      | -          
|Increase (Decrease) in accounts
        payable affiliates                                       | 56,999       | (284,368)  
|                                                                                                 |              |            
|Net cash (used in) provided by 
        operating activities                                     | (42,297)     | (360,189)  
|                                                                                                 |              |            
|Cash flows from investing activity:                                                              |              |            
|                                                                                                 |              |            
|Proceeds from sale of operating
limited partnerships:                                            | -            | 244,906    
|                                                                                                 |              |            
|Net cash (used in) provided by
        investing activity                                        | -            | 244,906    
|                                                                                                 |              |            
|Cash flows from financing activity:                                                              |              |            
|                                                                                                 |              |            
|Distributions:                                                                                   | -            | -          
|Net cash (used in) provided by
        financing activity                                        | -            | -          
|                                                                                                 |              |            
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | (42,297)     | (115,283)  
|                                                                                                 |              |            
|Cash and cash equivalents, beginning                                                             | 169,122      | 223,404    
|                                                                                                 |              |            
|Cash and cash equivalents, ending                                                                | $126,825     | $108,121   





The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,

(Unaudited)

Series 4



|                                                                                                 | 2007        | 2006        
|------------------------------------------------------------------------------------------------ | ----------- | ------------
|Cash flows from operating activities:                                                            |             |             
|                                                                                                 |             |             
|Net Income (Loss)                                                                                | $  (80,004) | $  2,082,581
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |             |             
|Share of (Income) Loss from
Operating Partnerships                                               | -           | (2,040,711) 
|Changes in assets and liabilities                                                                |             |             
|Increase (Decrease) in accounts
        payable and accrued expenses                             | -           | 20,000      
|Decrease (Increase) in other assets                                                              | -           | -           
|Increase (Decrease) in accounts
        payable affiliates                                       | (154,720)   | (1,661,816) 
|                                                                                                 |             |             
|Net cash (used in) provided by 
        operating activities                                     | (234,724)   | (1,599,946) 
|                                                                                                 |             |             
|Cash flows from investing activity:                                                              |             |             
|                                                                                                 |             |             
|Proceeds from sale of operating
limited partnerships:                                            | -           | 2,040,711   
|                                                                                                 |             |             
|Net cash (used in) provided by
        investing activity                                        | -           | 2,040,711   
|                                                                                                 |             |             
|Cash flows from financing activity:                                                              |             |             
|                                                                                                 |             |             
|Distributions:                                                                                   | -           | -           
|Net cash (used in) provided by
        financing activity                                        | -           | -           
|                                                                                                 |             |             
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | (234,724)   | 440,765     
|                                                                                                 |             |             
|Cash and cash equivalents, beginning                                                             | 354,790     | 957         
|                                                                                                 |             |             
|Cash and cash equivalents, ending                                                                | $120,066    | $441,722    





The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,

(Unaudited)Series 5



|                                                                                                 | 2007        | 2006       
|------------------------------------------------------------------------------------------------ | ----------- | -----------
|Cash flows from operating activities:                                                            |             |            
|                                                                                                 |             |            
|Net Income (Loss)                                                                                | $   894,831 | $  (38,000)
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |             |            
|Share of (Income) Loss from
Operating Partnerships                                               | (913,000)   | -          
|Changes in assets and liabilities                                                                |             |            
|Increase (Decrease) in accounts
        payable and accrued expenses                             | -           | -          
|Decrease (Increase) in other assets                                                              | -           | -          
|Increase (Decrease) in accounts
        payable affiliates                                       | (439,048)   | 24,875     
|                                                                                                 |             |            
|Net cash (used in) provided by 
        operating activities                                     | (457,217)   | (13,125)   
|                                                                                                 |             |            
|Cash flows from investing activity:                                                              |             |            
|                                                                                                 |             |            
|Proceeds from sale of operating
limited partnerships:                                            | 913,000     | -          
|                                                                                                 |             |            
|Net cash (used in) provided by
        investing activity                                        | 913,000     | -          
|                                                                                                 |             |            
|Cash flows from financing activity:                                                              |             |            
|                                                                                                 |             |            
|Distributions:                                                                                   | -           | -          
|Net cash (used in) provided by
        financing activity                                        | -           | -          
|                                                                                                 |             |            
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | 455,783     | (13,125)   
|                                                                                                 |             |            
|Cash and cash equivalents, beginning                                                             | 12,636      | 32,651     
|                                                                                                 |             |            
|Cash and cash equivalents, ending                                                                | $468,419    | $19,526    



The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)

Series 6



|                                                                                                 | 2007        | 2006        
|------------------------------------------------------------------------------------------------ | ----------- | ------------
|Cash flows from operating activities:                                                            |             |             
|                                                                                                 |             |             
|Net Income (Loss)                                                                                | $  (36,945) | $  2,857,301
|Adjustments to reconcile net income
(loss) to net cash (used in)provided
by operating activities |             |             
|Share of (Income) Loss from
Operating Partnerships                                               | -           | (2,840,353) 
|Changes in assets and liabilities                                                                |             |             
|Increase (Decrease) in accounts
        payable and accrued expenses                             | -           | 4,200       
|Decrease (Increase) in other assets                                                              | 416,080     | -           
|Increase (Decrease) in accounts
        payable affiliates                                       | (35,656)    | (1,642,162) 
|                                                                                                 |             |             
|Net cash (used in) provided by 
        operating activities                                     | 343,479     | (1,621,014) 
|                                                                                                 |             |             
|Cash flows from investing activity:                                                              |             |             
|                                                                                                 |             |             
|Proceeds from sale of operating
limited partnerships:                                            | -           | 2,424,273   
|                                                                                                 |             |             
|Net cash (used in) provided by
        investing activity                                        | -           | 2,424,273   
|                                                                                                 |             |             
|Cash flows from financing activity:                                                              |             |             
|                                                                                                 |             |             
|Distributions:                                                                                   | -           | (76,724)    
|Net cash (used in) provided by
        financing activity                                        | -           | (76,724)    
|                                                                                                 |             |             
|INCREASE (DECREASE) IN CASH AND CASH 
     EQUIVALENTS                                           | 343,479     | 726,535     
|                                                                                                 |             |             
|Cash and cash equivalents, beginning                                                             | 859,178     | 119,663     
|                                                                                                 |             |             
|Cash and cash equivalents, ending                                                                | $1,202,657  | $846,198    



The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007

(Unaudited)



NOTE A - ORGANIZATION

Boston Capital Tax Credit Fund Limited Partnership (the "Partnership") was formed under the laws of the State of Delaware as of September 1, 1988, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which have acquired, developed, rehabilitated, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships").  On August 22, 1988, American Affordable Housing VI Limited Partnership changed its name to Boston Capital Tax Credit Fund Limited Partnership.  Effective as of June 1, 2001 there was a restructuring, and as a result, the Partnership's general partner was reorganized as follows.  The general partner of the Partnership continues to be Boston Capital Associates Limited Partnership, a Massachusetts limited partnership.  The general partner of the general partner of the Partnership, is BCA Associates Limited Partnership, a Massachusetts limited partnership whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning.  Mr. Manning is the principal of Boston Capital Partners, Inc.  The limited partner of the general partner is Capital Investment Holdings, a general partnership whose partners are officers and employees of Boston Capital Partners, Inc. and its affiliates.  The assignor limited partner is BCTC Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning.

Pursuant to the Securities Act of 1933, the Partnership filed a Form S-11 Registration Statement with the Securities and Exchange Commission, effective August 29, 1988, which covered the offering (the "Public Offering") of the Partnership's beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner.  The Partnership registered 10,000,000 BACs at $10 per BAC for sale to the public in six series.  Offers and sales of BACs in Series 1 through Series 6 of the Partnership were completed and the last of the BACs in Series 6 were issued by the Partnership on September 29, 1989.  The Partnership sold 1,299,900 of Series 1 BACs, 830,300 of Series 2 BACs, 2,882,200 of Series 3 BACs, 2,995,300 of Series 4 BACs, 489,900 of Series 5 BACs and 1,303,000 of Series 6 BACs.  The Partnership is no longer offering and does not intend to offer any additional BACs.









Boston Capital Tax Credit Fund Limited Partnership
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2007
(Unaudited)

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES
The condensed financial statements included herein as of December 31, 2007 and for the nine months then ended have been prepared by the Partnership, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.  The Partnership accounts for its investments in Operating Partnerships using the equity method, whereby the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  Costs incurred by the Partnership in acquiring the investments in Operating Partnerships are capitalized to the investment account.  The Partnership's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations.  Such adjustments are of a normal recurring nature.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Partnership's Annual Report on Form 10-K.

NOTE C - RELATED PARTY TRANSACTIONS

The Partnership has entered into several transactions with various affiliates of the general partner of the Partnership, including Boston Capital Holdings LP, Boston Capital Partners, Inc. and Boston Capital Asset Management Limited Partnership.

Accounts payable - affiliates at December 31, 2007 and 2006 represents accrued general and administrative expenses, accrued partnership management fees, and advances from an affiliate of the general partner of the Partnership, which are payable to Boston Capital Holdings LP and Boston Capital Asset Management Limited Partnership.



Boston Capital Tax Credit Fund Limited Partnership
NOTES TO FINANCIAL STATEMENTS - CONTINUED
December 31, 2007
(Unaudited)



NOTE C - RELATED PARTY TRANSACTIONS (continued)

An annual partnership management fee based on .375 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership.  Since reporting fees collected by the series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received.  The partnership management fee accrued for the quarters ended December 31, 2007 and 2006 are as follows:



|         | 2007     | 2006    
|-------- | -------- | --------
|         |          |         
|Series 1 | $  8,958 | $ 13,073
|Series 2 | 12,930   | 12,930  
|Series 3 | 18,999   | 21,135  
|Series 4 | 13,548   | 15,629  
|Series 5 | 5,815    | 8,292   
|Series 6 | 10,884   | 14,200  
|         |          |         
|         | $71,134  | $85,259 
|         |          |         

The partnership management fees paid for the quarters ended December 31, 2007 and 2006 are as follows:

|         | 2007     | 2006      
|-------- | -------- | ----------
|Series 1 | $      - | $        -
|Series 2 | 38,739   | 600,000   
|Series 3 | -        | -         
|Series 4 | 50,000   | -         
|Series 5 | 5,814    | -         
|Series 6 | 10,884   | -         
|         | $105,437 | $600,000  

The partnership management fees paid for the nine months ended December 31, 2007 and 2006 are as follows:

|         | 2007     | 2006      
|-------- | -------- | ----------
|Series 1 | $      - | $        -
|Series 2 | 88,739   | 648,439   
|Series 3 | -        | 355,327   
|Series 4 | 150,000  | 1,725,842 
|Series 5 | 455,210  | -         
|Series 6 | 68,308   | 1,644,793 
|         | $762,257 | $4,374,401





Boston Capital Tax Credit Fund Limited Partnership
NOTES TO FINANCIAL STATEMENTS - CONTINUED
 December 31, 2007
(Unaudited)



NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At December 31, 2007 and 2006, the Partnership had limited partnership interests in 43 and 48 Operating Partnerships, respectively, which own operating apartment complexes as follows:



|Series | 2007 | 2006
|------ | ---- | ----
|1      | 5    | 8   
|2      | 5    | 5   
|3      | 15   | 16  
|4      | 8    | 8   
|5      | 3    | 4   
|6      | 7    | 7   
|       | 43   | 48  

Under the terms of the Partnership's investment in each Operating Partnership, the Partnership was required to make capital contributions to the Operating Partnerships.  These contributions were payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations.  At December 31, 2007 and 2006, all capital contributions had been paid.

During the nine months ended December 31, 2007 the Partnership disposed of five of the Operating Partnerships.  A summary of the dispositions by Series for December 31, 2007 is as follows:



|         | Operating Partnership Interest Transferred |  | Sale of Underlying Operating Partnership |  | Partnership Proceeds from Disposition * |           | Gain/(Loss) on Disposition
|-------- | ------------------------------------------ |  | ---------------------------------------- |  | --------------------------------------- | --------- | --------------------------
|Series 1 | -                                          |  | 3                                        |  | $                                       | 145,770   |                           
|Series 2 | -                                          |  | -                                        |  |                                         | -         |                           
|Series 3 | -                                          |  | 1                                        |  |                                         | -         |                           
|Series 4 | -                                          |  | -                                        |  |                                         | -         |                           
|Series 5 | -                                          |  | 1                                        |  |                                         | 913,000   |                           
|Series 6 | -                                          |  | -                                        |  |                                         | -         |                           
|Total    | -                                          |  | 5                                        |  | $                                       | 1,058,770 |                           

* Partnership proceeds from disposition does not include the following amount recorded as receivable at December 31, 2007, $31,292 for Series 3.





Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS  (CONTINUED)
December 31, 2007
(Unaudited)



NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (CONTINUED)

During the nine months ended December 31, 2006 the Partnership disposed of eight of the Operating Partnerships.  A summary of the dispositions by Series for December 31, 2006 is as follows:



|         | Operating Partnership Interest Transferred |  | Sale of Underlying Operating Partnership |  | Partnership Proceeds from Disposition * |           | Gain/(Loss) on Disposition
|-------- | ------------------------------------------ |  | ---------------------------------------- |  | --------------------------------------- | --------- | --------------------------
|Series 1 | -                                          |  | -                                        |  | $                                       | -         |                           
|Series 2 | -                                          |  | 1                                        |  |                                         | 826,565   |                           
|Series 3 | -                                          |  | 2                                        |  |                                         | 244,906   |                           
|Series 4 | -                                          |  | 2                                        |  |                                         | 2,040,711 |                           
|Series 5 | -                                          |  | -                                        |  |                                         | -         |                           
|Series 6 | -                                          |  | 3                                        |  |                                         | 2,424,273 |                           
|Total    | -                                          |  | 8                                        |  | $                                       | 5,536,455 |                           

* Partnership proceeds from disposition does not include the following amounts recorded as receivable at December 31, 2006, $74,255 for Series 3, and $416,080 for Series 6.

The gain (loss) described above is for financial statement purposes only.  There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Partnership's investment in the Operating Partnership.  As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements.

The Partnership's fiscal year ends March 31st of each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Partnership within 45 days after the close of each Operating Partnership's quarterly period.  Accordingly, the current financial results available for the Operating Partnerships are for the nine months ended September 30, 2007.

The combined unaudited summarized statements of operations of the Operating Partnerships for the nine months ended September 30, 2007 and 2006 are as follows:



Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)



|                                                                             | 2007         | 2006        
|---------------------------------------------------------------------------- | ------------ | ------------
|                                                                             |              |             
|Revenues                                                                     |              |             
|Rental                                                                       | $  7,257,006 | $  9,333,946
|Interest and other                                                           | 322,285      | 394,145     
|                                                                             |              |             
|                                                                             | 7,579,291    | 9,728,091   
|                                                                             |              |             
|Expenses                                                                     |              |             
|Interest                                                                     | 1,165,079    | 1,845,253   
|Depreciation and amortization                                                | 2,211,552    | 2,396,525   
|Operating expenses                                                           | 5,363,724    | 6,887,406   
|                                                                             | 8,740,355    | 11,129,184  
|                                                                             |              |             
|NET LOSS                                                                     | $(1,161,064) | $(1,401,093)
|                                                                             |              |             
|Net loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(1,149,454) | $(1,387,083)
|                                                                             |              |             
|                                                                             |              |             
|Net loss allocated to other 
   Partners                                     | $(11,610)    | $(14,010)   
|                                                                             |              |             
|                                                                             |              |             





* Amounts include $1,149,454 and $1,387,083 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.





Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)

Series1



|                                                                             | 2007       | 2006       
|---------------------------------------------------------------------------- | ---------- | -----------
|                                                                             |            |            
|Revenues                                                                     |            |            
|Rental                                                                       | $  979,660 | $ 1,562,239
|Interest and other                                                           | 62,659     | 132,068    
|                                                                             |            |            
|                                                                             | 1,042,319  | 1,694,307  
|                                                                             |            |            
|Expenses                                                                     |            |            
|Interest                                                                     | 164,539    | 358,006    
|Depreciation and amortization                                                | 277,927    | 356,435    
|Operating expenses                                                           | 706,947    | 1,363,247  
|                                                                             | 1,149,413  | 2,077,688  
|                                                                             |            |            
|NET LOSS                                                                     | $(107,094) | $(383,381) 
|                                                                             |            |            
|Net loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(106,023) | $(379,547) 
|                                                                             |            |            
|                                                                             |            |            
|Net loss allocated to other 
   Partners                                     | $(1,071)   | $(3,834)   
|                                                                             |            |            
|                                                                             |            |            





* Amounts include $106,023 and $379,547 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.







Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)

Series2





|                                                                             | 2007        | 2006       
|---------------------------------------------------------------------------- | ----------- | -----------
|                                                                             |             |            
|Revenues                                                                     |             |            
|Rental                                                                       | $ 1,185,442 | $ 1,376,091
|Interest and other                                                           | 61,963      | 57,486     
|                                                                             |             |            
|                                                                             | 1,247,405   | 1,433,577  
|                                                                             |             |            
|Expenses                                                                     |             |            
|Interest                                                                     | 144,341     | 220,059    
|Depreciation and amortization                                                | 271,812     | 269,160    
|Operating expenses                                                           | 1,084,931   | 1,028,560  
|                                                                             | 1,501,084   | 1,517,779  
|                                                                             |             |            
|NET LOSS                                                                     | $(253,679)  | $(84,202)  
|                                                                             |             |            
|Net loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(251,142)  | $(83,360)  
|                                                                             |             |            
|                                                                             |             |            
|Net loss allocated to other 
   Partners                                     | $(2,537)    | $(842)     
|                                                                             |             |            
|                                                                             |             |            



* Amounts include $251,142 and $83,360 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.







Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)



Series3

|                                                                             | 2007        | 2006       
|---------------------------------------------------------------------------- | ----------- | -----------
|                                                                             |             |            
|Revenues                                                                     |             |            
|Rental                                                                       | $ 2,393,344 | $ 2,770,914
|Interest and other                                                           | 64,414      | 63,451     
|                                                                             |             |            
|                                                                             | 2,457,758   | 2,834,365  
|                                                                             |             |            
|Expenses                                                                     |             |            
|Interest                                                                     | 285,207     | 401,509    
|Depreciation and amortization                                                | 644,785     | 748,521    
|Operating expenses                                                           | 1,862,975   | 1,947,180  
|                                                                             | 2,792,967   | 3,097,210  
|                                                                             |             |            
|NET LOSS                                                                     | $(335,209)  | $(262,845) 
|                                                                             |             |            
|Net loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(331,857)  | $(260,217) 
|                                                                             |             |            
|Net loss allocated to other 
   partners                                     | $(3,352)    | $(2,628)   
|                                                                             |             |            
|                                                                             |             |            





* Amounts include $331,857 and $260,217 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.



Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)

Series4



|                                                                                    | 2007         | 2006        
|----------------------------------------------------------------------------------- | ------------ | ------------
|                                                                                    |              |             
|Revenues                                                                            |              |             
|Rental                                                                              | $  1,351,296 | $  1,676,623
|Interest and other                                                                  | 55,453       | 29,409      
|                                                                                    |              |             
|                                                                                    | 1,406,749    | 1,706,032   
|                                                                                    |              |             
|Expenses                                                                            |              |             
|Interest                                                                            | 358,424      | 531,372     
|Depreciation and amortization                                                       | 413,576      | 531,127     
|Operating expenses                                                                  | 851,657      | 1,117,856   
|                                                                                    | 1,623,657    | 2,180,355   
|                                                                                    |              |             
|NET LOSS                                                                            | $(216,908)   | $(474,323)  
|                                                                                    |              |             
|Net income loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(214,739)   | $(469,580)  
|                                                                                    |              |             
|                                                                                    |              |             
|Net loss allocated to other 
   Partners                                            | $(2,169)     | $(4,743)    
|                                                                                    |              |             
|                                                                                    |              |             



* Amounts include $214,739 and $469,580 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.







Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)



Series5

|                                                                             | 2007         | 2006        
|---------------------------------------------------------------------------- | ------------ | ------------
|                                                                             |              |             
|Revenues                                                                     |              |             
|Rental                                                                       | $    453,486 | $    663,189
|Interest and other                                                           | 27,260       | 40,009      
|                                                                             |              |             
|                                                                             | 480,746      | 703,198     
|                                                                             |              |             
|Expenses                                                                     |              |             
|Interest                                                                     | 42,081       | 76,982      
|Depreciation and amortization                                                | 266,818      | 147,395     
|Operating expenses                                                           | 273,386      | 504,368     
|                                                                             | 582,285      | 728,745     
|                                                                             |              |             
|NET LOSS                                                                     | $(101,539)   | $(25,547)   
|                                                                             |              |             
|Net loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(100,524)   | $(25,292)   
|                                                                             |              |             
|                                                                             |              |             
|Net loss allocated to other 
   Partners                                     | $(1,015)     | $(255)      
|                                                                             |              |             
|                                                                             |              |             





* Amounts include $100,524 and $25,292 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.







Boston Capital Tax Credit Fund Limited Partnership

NOTES TO FINANCIAL STATEMENTS
December 31, 2007
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months ended September 30,
(Unaudited)



Series 6

|                                                                             | 2007        | 2006       
|---------------------------------------------------------------------------- | ----------- | -----------
|                                                                             |             |            
|Revenues                                                                     |             |            
|Rental                                                                       | $   893,778 | $ 1,284,890
|Interest and other                                                           | 50,536      | 71,722     
|                                                                             |             |            
|                                                                             | 944,314     | 1,356,612  
|                                                                             |             |            
|Expenses                                                                     |             |            
|Interest                                                                     | 170,487     | 257,325    
|Depreciation and amortization                                                | 336,634     | 343,887    
|Operating expenses                                                           | 583,828     | 926,195    
|                                                                             | 1,090,949   | 1,527,407  
|                                                                             |             |            
|NET LOSS                                                                     | $(146,635)  | $(170,795) 
|                                                                             |             |            
|Net loss allocated to 
Boston Capital Tax Credit Fund 
Limited Partnership * | $(145,169)  | $(169,087) 
|                                                                             |             |            
|                                                                             |             |            
|Net loss allocated to other 
   Partners                                     | $(1,466)    | $(1,708)   
|                                                                             |             |            
|                                                                             |             |            



* Amounts include $145,169 and $169,087 for 2007 and 2006, respectively, of loss not recognized under the equity method of accounting.

The Partnership accounts for its investments using the equity method of accounting.  Under the equity method of accounting, the Partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.  However, the Partnership recognizes individual operating losses only to the extent of capital contributions.  Excess losses are suspended for use in future years to offset excess income.





Boston Capital Tax Credit Fund Limited Partnership



NOTES TO FINANCIAL STATEMENTS - CONTINUED

December 31, 2007
(Unaudited)

NOTE E - TAXABLE LOSS

The Partnership's taxable loss for the calendar year ended December 31, 2007 is expected to differ from its loss for financial reporting purposes.  This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods.  No provision or benefit for income taxes has been included in these financial statements since taxable income or loss passes through to, and is reportable by, the partners and assignees individually.

NOTE F - PLAN OF LIQUIDATION

On April 27, 2007, BAC holders approved a Plan of Liquidation and Dissolution for the Partnership (the "Plan").  Pursuant to the Plan, the general partner may, without further action by the BAC holders, sell the remaining assets held by the Partnership.  It is anticipated that sale of all the apartment complexes will be completed sometime in 2011.   However, because of numerous uncertainties, the liquidation may take longer or shorter than expected, and the final liquidating distribution may occur months after all of the apartment complexes have been sold. Because the liquidation of the Partnership was not imminent, as of December 31, 2007, the financial statements are presented assuming the Partnership will continue as a going concern.

NOTE G - SUBSEQUENT EVENT

Subsequent to December 31, 2007, the Partnership has entered into agreements to either sell or transfer interests in two Operating Partnerships.  The estimated sales prices and other terms for the disposition of the Operating Partnerships have been determined.  Gain on sale of the Operating Partnership in the aggregate is expected to be recognized in the first quarter of 2008.









Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations

This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements including our intentions, hopes, beliefs, expectations, strategies and predictions of our future activities, or other future events or conditions. These statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created by these acts. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including, for example, the factors identified in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Although we believe that the assumptions underlying these forward-looking statements are reasonable, any of the assumptions could be inaccurate, and there can be no assurance that the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

Liquidity

The Partnership's primary source of funds was the proceeds of its Public Offering.  Other sources of liquidity include (i) interest earned on working capital reserves, and (ii) cash distributions from the Operating Partnerships in which the Partnership has invested.  These sources of liquidity are available to meet the obligations of the Partnership.

The Partnership is currently accruing the annual partnership management fee.  Partnership management fees accrued during the quarter ended December 31, 2007 were $71,134 and total partnership management fees accrued as of December 31, 2007 were $5,335,708. During the quarter and nine months ended December 31, 2007 $105,437 and $762,257, respectively, of accrued partnership management fees were paid. Pursuant to the Partnership Agreement, these liabilities will be deferred until the Partnership receives proceeds from sales of the Operating Partnerships, which will be used to satisfy these liabilities. The Partnership's working capital and sources of liquidity coupled with affiliated party liability accruals allow sufficient levels of liquidity to meet the third party obligations of the Partnership. The Partnership is currently unaware of any trends, which would create insufficient liquidity to meet future third party obligations of the Partnership.

As of December 31, 2007, an affiliate of the general partner of the Partnership advanced a total of $822,365 to the Partnership to pay various operating expenses of the Partnership, and to make advances and/or loans to Operating Partnerships. These advances are included in Accounts payable-affiliates. During the quarter ended December 31, 2007 $6,182 was advanced. Below is a summary, by series, of the total advances made to date.



|         | Current Year | Total   
|-------- | ------------ | --------
|Series 1 | $  7,251     | $144,162
|Series 2 | -            | -       
|Series 3 | -            | 473,703 
|Series 4 | -            | 204,500 
|         | $7,251       | $822,365
|         |              |         

All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Partnership's interests in Operating Partnerships. During the nine months ended December 31, 2007, Series 2, Series 4, and Series 5 respectively paid $143,471, $45,364, and $2,933 to an affiliate of the general partner.

Capital Resources

The Partnership offered BACs in a Public Offering declared effective by the Securities and Exchange Commission on August 29, 1988.  The Partnership received and accepted subscriptions for $97,746,940 representing 9,800,600 BACs from investors admitted as BAC Holders in Series 1 through Series 6 of the Partnership.  Offers and sales of BACs in Series 1 through Series 6 of the Partnership were completed and the last of the BACs in Series 6 were issued by the Partnership on September 29, 1989.  At December 31, 2007 and 2006 the Partnership had limited partnership equity interests in 43 and 48 Operating Partnerships, respectively.



Capital Resources - Continued

As of December 31, 2007 the Partnership had $2,206,558 remaining in cash and cash equivalents.  Below is a table, which provides, by series, the equity raised, number of BACs sold, final date BACs were offered, number of properties acquired, and cash and cash equivalents.

|Series | Equity      | BACs      | Final Close Date | Number of
Properties | Proceeds
Remaining
|------ | ----------- | --------- | ---------------- | -------------------- | ------------------
|1      | $12,999,000 | 1,299,900 | 12/18/88         | 5                    | $  204,521        
|2      | 8,303,000   | 830,300   | 03/30/89         | 5                    | 84,070            
|3      | 28,822,000  | 2,882,200 | 03/14/89         | 15                   | 126,825           
|4      | 29,788,160  | 2,995,300 | 07/07/89         | 8                    | 120,066           
|5      | 4,899,000   | 489,900   | 08/22/89         | 3                    | 468,419           
|6      | 12,935,780  | 1,303,000 | 09/29/89         | 7                    | 1,202,657         
|       |             |           |                  |                      |                   
|       | $97,746,940 | 9,800,600 |                  | 43                   | $2,206,558        



Results of Operations



At December 31, 2007 and 2006 the Partnership held limited partnership interests in 43 and 48 Operating Partnerships, respectively.  In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which initially complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy."  Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K.  The general partner of the Partnership believes that there is adequate casualty insurance on the properties.

The Partnership incurs an annual partnership management fee to the general partner of the Partnership and/or its affiliates in an amount equal to 0.375% of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various partnership management and reporting fees paid by the Operating Partnerships. The partnership management fees incurred and the reporting fees paid by the Operating Partnerships for the three and nine months ended December 31, 2007 are as follows:

|         | 3 Months
Management Fee Net of Reporting Fee | 3 MonthsReporting Fee | 9 Months
Management Fee Net of Reporting Fee | 9 MonthsReporting Fee
|-------- | -------------------------------------------- | --------------------- | -------------------------------------------- | ---------------------
|Series 1 | (7,622)                                      | 16,580                | 6,641                                        | 26,775               
|Series 2 | 12,642                                       | 288                   | 35,958                                       | 2,832                
|Series 3 | 7,090                                        | 11,909                | 41,839                                       | 15,160               
|Series 4 | 13,548                                       | -                     | 38,825                                       | 1,819                
|Series 5 | 5,654                                        | 161                   | 3,533                                        | 15,562               
|Series 6 | 10,884                                       | -                     | 32,802                                       | (150)                
|         | $42,196                                      | $ 28,938              | $159,598                                     | $ 61,998             

The Partnership's investment objectives do not include receipt of significant cash distributions from the Operating Partnerships in which it has invested.  The Partnership's investments in Operating Partnerships have been made principally with a view towards realization of federal housing tax credits for allocation to its partners and BAC holders.



Series 1

As of December 31, 2007 and 2006, the average Qualified Occupancy for the series was 100%.  The series had a total of five properties at December 31, 2007, all of which were at 100% Qualified Occupancy.

For the nine month period ended December 31, 2007 and 2006, Series 1 reflects net loss from Operating Partnerships of $(107,094) and $(383,381), respectively, which includes depreciation and amortization of $277,927 and $356,435, respectively. This is an interim period estimate and it is not indicative of the final year end results.

Genesee Commons Associates (River Park Commons) is a 402-unit property located in Rochester, New York.  The compliance period ended in 2003. On March 29, 2006 the investment limited partnership transferred its interest in Genesee Commons to an affiliate of the operating general partner for the assumption of the outstanding mortgage balance of $14,081,723 and proceeds to the investment limited partnership of $10. Proceeds from the sale of the asset of $10 will be returned to cash reserves held by Series 1. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the property was recorded of $10 as of March 31, 2006.

Kingston Property Associates (Broadway East Townhouses) is a 122-unit property located in Kingston, New York.  Effective July 2003, the operating general partner interest for Kingston Property Associates Limited Partnership was sold from TFG/New York Properties, Inc. to Kingston Winn Limited Partnership.  Also, the management company changed from The Finch Group to an affiliate of the new operating general partner, Winn Residential.  The lender and the new operating general partner have entered into a Forbearance Agreement, dated July 16, 2003, which prevents the lender from filing a foreclosure action or accelerating the indebtedness, provided the new operating general partner follows the terms outlined in the Agreement.  To date, the new operating general partner is in compliance with the terms of the Agreement.  The new operating general partner applied for an allocation of Low Income Housing Tax Credits, referred to as LIHTCs, in 2003 but did not receive an allocation.  They re-applied in March 2004 and received an allocation of LIHTCs. The new operating general partner resyndicated the property on August 31, 2005 at which time the investment limited partnership received proceeds of $27,940. The proceeds received were paid to Boston Capital Asset Management Limited Partnership, or BCAMLP, for outstanding partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the property was recorded of $27,940 as of September 30, 2005.

Townhomes of Minnehaha, (Minnehaha Court Apartments) is a 24-unit property located in St. Paul, Minneapolis.  On August 17, 2005, the Townhomes of Minnehaha sold Minnehaha Court Apartments to a non-affiliated entity for $1,360,000 and proceeds to the investment limited partnership of $109,009, which includes the return of the replacement reserve funds and liquidation of all other depository accounts. Of the total proceeds received, $39,285 and $10,044 represents a reimbursement of funds previously advanced to the Operating Partnership by an affiliate of the investment limited partnership and the investment limited partnership, respectively, $23,715 was paid to BCAMLP for outstanding reporting fees, and $26,965 is for payment of outstanding partnership management fees due to an affiliate of the investment limited partnership. The remaining proceeds of $9,000 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The amount paid represents reimbursement for expenses incurred related to the sale, which includes legal costs. Annual losses generated by the Operating Partnership were applied against the investment limited partnership's investment in the Operating Partnership and to advances made to the Operating Partnership in accordance with the equity method of accounting. Accordingly, a gain on the sale of the property was recorded of $33,759 as of September 30, 2005.

Virginia Circle Townhomes (Virginia Circle Limited Partnership) is a 16-unit property located in St. Paul, MN. On August 31, 2005, Virginia Circle Limited Partnership sold the Virginia Circle Townhomes to a non-affiliated entity for $920,000 and proceeds to the investment limited partnership of $83,934, which includes the return of the replacement reserve funds and liquidation of all other depository accounts. Of the total proceeds received, $60,468 represents repayment of advances made by the investment limited partnership and an affiliate of the investment limited partnership and $14,466 was paid to BCAMLP for outstanding reporting fees.  The remaining proceeds of $9,000 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The amount paid represents reimbursement for overhead and expenses incurred for overseeing and managing the disposition of the property, which includes legal costs. Annual losses generated by the Operating Partnership were applied against the investment limited partnership's investment in the Operating Partnership and to advances made to the Operating Partnership in accordance with the equity method of accounting. Accordingly, a gain on the sale of the property was recorded of $19,125 as of September 30, 2005.

In July 2007, the investment general partner of Series 1 transferred the investment limited partnership's interest in Apple Hill Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,439,775 and cash proceeds to the investment limited partnership of $20,000.  Of the total proceeds, $7,500 was paid to BCAMLP for expenses related to the transfer, which includes legal costs.  The remaining proceeds of $12,500 was returned to cash reserves held by Series 1.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership.  After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the property was recorded of $12,500 as of July 31, 2007.

In March 2006, the investment general partner of Briarwood Apartments of Vero Beach Limited approved an agreement to sell the property and the transaction closed on November 6, 2007.  The sales price of the property was $1,478,112, which includes the outstanding mortgage balance of approximately $1,427,048 and cash proceeds to the investment limited partner of $35,000.  Of the total proceeds received, $12,580 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale.  Of the remaining proceeds,  $7,500 will be paid to BCAMLP for expenses related to the sale, which includes legal costs.  The remaining proceeds from the sale of $14,920 will be returned to cash reserves held by Series 1.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the property was recorded of $14,920 as of November 30, 2007.

In March 2005, Series 1 sold its interest in Inglewood Meadows, Limited to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,453,292 and proceeds to the investment limited partnership of $58,132. Of the total investment limited partnership proceeds received, $2,520 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  Of the remaining proceeds, the net distribution to investors in the amount of $17,807 was paid during the third quarter 2005. This represents a per BAC distribution of $.014. The total return to the investors is distributed based on the number of BACs held by each investor.  The remaining proceeds of $37,805 were paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $9,683 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $28,122 represents partial reimbursement for outstanding advances and partnership management fees.   Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $52,262 as of March 31, 2005. In the prior year ended March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 1 sold its interest in Wewahitchka, Limited to a non-affiliated entity for its assumption of the outstanding mortgage balance of $697,966 and proceeds to the investment limited partnership of $27,919. Of the total investment limited partnership proceeds received, $6,655 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership. Of the remaining proceeds, the net distribution to investors in the amount of $3,520 was paid during the third quarter 2005. This represents a per BAC distribution of $.003.  The total return to the investors is distributed based on the number of BACs held by each investor.  The remaining proceeds of $17,744 were paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows: $9,683 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $8,061 represents partial reimbursement for outstanding advances and partnership management fees.   Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been

recorded in the amount of $17,914 as of March 31, 2005. In the prior year ended March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 1 sold its interest in Woodland Terrace, Limited to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,453,292 and proceeds to the investment limited partnership of $58,132. Of the total investment limited partnership proceeds received, $13,860 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership. Of the remaining proceeds, the net distribution to investors in the amount of $17,806 was paid during the third quarter 2005. This represents a per BAC distribution of $.014.  The total return to the investors is distributed based on the number of BACs held by each investor.  The remaining proceeds of $26,466 were paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows: $9,684 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $16,782 represents partial reimbursement for outstanding advances and partnership management fees. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $40,922 as of March 31, 2005. In the prior year ended March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

Elk Rapids II ACLP (Elk Rapids II Apartments) is a 24 unit senior property located in Elk Rapids, Michigan.  In 2006, the property had an average occupancy of 85%. As a result of declining occupancy and poor operation in 2006, the Operating Partnership was unable to pay real estate taxes and some on going operating expenses. In January 2007, Rural Development paid $5,610 of the outstanding real estate taxes in form of a loan to the Operating Partnership. After advancing these funds, it applied all subsequent debt service payments toward the real estate tax loan repayment. Through the fourth quarter 2007 average occupancy has improved to 89%, but the property was unable to breakeven due to the poor economic conditions in Michigan. In July 2007, the operating general partner sent a letter to the investment general partner citing the property's financial delinquencies and indicated that the mortgage would be accelerated by the end of the year.  At that time, the operating general partner requested a workout plan, however, Rural Development denied that request. In November 2007, the operating general partner requested the investment partnership's consent to convey the property to Rural Development, to avoid mortgage acceleration and foreclosure.  In December 2007, the investment general partner on behalf of the investment partnership consented to the conveyance of the property in lieu of mortgage acceleration and foreclosure.  The transfer of ownership is anticipated to occur in the first quarter of 2008.  Throughout 2006 and 2007 the investment general partner worked closely with the operating general partner in an effort to find a potential buyer of the property. However, due to unstable economic conditions in the Michigan area, they were unsuccessful in finding a buyer to purchase the property.

In December 2007, the investment general partner of Country Village entered into an agreement to transfer its interest to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,059,543 and cash proceeds to the investment limited partner of $150,000.  Of the total proceeds received, $12,650 represents transfer taxes paid to the State of New York, and $4,000 represents reporting fees due to an affiliate of the investment partnership. Of the remaining proceeds, $15,000 will be paid to BCAMLP for expenses related to the transfer, which includes third party legal costs.  The remaining proceeds of $118,350 will be returned to cash reserves held by Series 1.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership.  After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $118,350 as of December 31, 2007.

Series 2

As of December 31, 2007 and 2006, the average Qualified Occupancy for the series was 100%.  The series had a total of five properties at December 31, 2007, all of which were at 100% Qualified Occupancy.

For the nine month period ended December 31, 2007 and 2006, Series 2 reflects net loss from Operating Partnerships of $(253,679) and $(84,202), respectively, which includes depreciation and amortization of $271,812 and $269,160, respectively. This is an interim period estimate and it is not indicative of the final year end results.

In December 2004, Series 2 and Boston Capital Tax Credit Fund II - Series 14 negotiated the sale of their interest in Haven Park Partners III to the operating general partner. The transaction closed in April of 2005 for the assumption of the outstanding mortgage balance of approximately $462,000 and proceeds to the investment limited partners of $979,310 ($403,912 for Series 2 and $575,398 for Series 14).  Of the total proceeds received, $608,547 represents a reimbursement of funds previously advanced to the Operating Partnership by affiliates of the investment limited partners and $8,000 is for payment of outstanding reporting fees due to an affiliate of the investment limited partners. Of the remaining proceeds, the net distribution to the investors was $253,710 ($170,747 for Series 2 and $82,963 for Series 14).  This represented a per BAC distribution of $.206 and $.015 for Series 2 and 14, respectively.  The total returned to the investors was distributed based on the number of BACs held by each investor.  The remaining proceeds of $109,053 were paid to BCAMLP for fees and expenses related to the sale and

partial reimbursement for amounts owed to affiliates.  The breakdown of amounts paid to BCAMLP is as follows: $9,000 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursements and third party legal and mailing costs; and $100,053 is for a partial payment of outstanding partnership management fees due to BCAMLP. Accordingly, gains on the sale of the property were recorded by Series 2 and Series 14 of $242,269 and $95,594, respectively, as of March 31, 2006.  The gains recorded represented the proceeds received by the investment limited partner, net of their remaining investment balance, non-reimbursed advances to the Operating Partnership and their share of the overhead and expense reimbursement.

In December 2004, Series 2 and Boston Capital Tax Credit Fund II - Series 14 negotiated the sale of their interest in Haven Park Partners IV to the operating general partner.  The transaction closed in March of 2005 for the assumption of the outstanding mortgage balance of approximately $371,700 and estimated proceeds to the investment limited partnerships of $780,579 ($298,038 for Series 2 and $482,541 for Series 14).  Of the total proceeds received, $553,362 represents a reimbursement of funds previously advanced to the Operating Partnership by affiliates of the investment limited partnerships and $4,000 is for payment of outstanding reporting fees due to an affiliate of the investment limited partnership. Of the remaining proceeds, the net distribution to the investors was $156,660 ($117,495 for Series 2 and $39,165 for Series 14).   This represented a per BAC distribution of $.142 and $.007 for Series 2 and 14, respectively.  The total returned to the investors was distributed based on the number of BACs held by each investor.  The remaining proceeds of $66,557 were paid to BCAMLP for fees and expenses related to the sale and partial reimbursement for amounts owed to affiliates.  The breakdown of amounts paid to BCAMLP is as follows: $30,600 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursements and third party legal costs for overseeing and managing the disposition of the property; and $35,957 is for partial payment of outstanding partnership management fees due to BCAMLP.  Accordingly, gains on the sale of the property were recorded by Series 2 and Series 14 of $128,407 and $57,026, respectively, as of March 31, 2005.  The gains recorded represented the proceeds received by the investment limited partnerships, net of their remaining investment balance, non-reimbursed advances to the Operating Partnership and their share of the overhead and expense reimbursement. In the prior year $14,073 for Series 2 and $5,400 for Series 14 of the sales proceeds were refunded to BCAMLP to pay accrued asset management fees.  In the prior year a reduction in the amount of $5,864 for Series 2 and $3,136 for Series 14 on the gain recorded in the prior year was recorded for final costs incurred on the disposition of the property.

In September of 2006, the operating general partner of Redondo Associates Limited withdrew from the Operating Partnership and was replaced by an entity affiliated with the investment limited partner.  In October 2006, the property owned by the Operating Partnership was sold for $2,012,097, which includes the outstanding mortgage balance of approximately $1,398,585.  In addition to the proceeds from the sale, Redondo II had $428,266 in other depository accounts available to distribute to the partners. After the payment of all costs related to the sale of the property, including the proceeds payable to the former operating general partner of the Operating Partnership totaling $146,377, the net proceeds paid to Series 2 was $856,915. Of the total proceeds received, $2,850 was paid to BCAMLP for the payment of accrued partnership management fees, and $27,500 was paid to BCAMLP for expenses related to the sale, which includes third party legal costs and the costs to liquidate the Operating Partnership.   The remaining proceeds of $826,565 will be returned to cash reserves held by Series 2.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership.  After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $826,565 as of December 31, 2006. In January and February 2007, additional sale proceeds of $7,179 were received after the liquidation of the Operating Partnership was finalized.  The additional proceeds will be returned to the cash reserves held by Series 2.

In September 2007, the investment general partner of Calexico Associates approved an agreement to sell the property and the transaction is anticipated to close in August 2008. The anticipated sales price for the property is $2,051,000, which includes the outstanding mortgage balance of approximately $1,511,000, cash proceeds to the operating general partner of $270,000, and cash proceeds to the investment limited partnerships of $210,600 and $59,400 to Series 2 and the Partnership's Series 5, respectively.  Of the total proceeds to be received, $2,464 and $695, respectively, represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale.  Of the remaining proceeds, it is anticipated that $11,700 and $3,300 from Series 2 and Series 5, respectively, will be paid to BCAMLP for expenses related to the sale, which includes third party legal costs.  The remaining proceeds from the sale of $196,436 and $55,405 is anticipated to be returned to cash reserves held by Series 2 and Series 5, respectively. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

In September 2007, the investment general partner of Heber II

Annadale Housing Partners (King's View Apartments) is a 222-apartment property in Fresno, CA.  The property operated above breakeven in 2006 as a result of being funded primarily with soft debt.  Operating expenses were slightly higher than state averages but not of serious concern.  The main issue at Annadale is low occupancy.  Occupancy has been an issue at Annadale for several years but saw a steady decline in 2006 to a low of 81% in December 2006.  Occupancy continued to suffer in 2007 to an average of 82% in the fourth quarter.  King's View Apartments is located in one of the most violent gang and high crime areas in the city of Fresno, and crime has increased substantially in the past two years.  Management spends $11,500 per month on average for private security.  The operating general partner estimates that in reality the site requires $30,000-$60,000 per month in private security to effectively secure the property.  Management has been working closely with the police department, which has diverted resources from other areas of the city to the King's View neighborhood in the past few months.  This has made a positive impact on the area but the operating general partner is doubtful that the impact will be long lasting.  As a result of the substantial, visible crime in the area, management has had extreme difficulty in finding and maintaining quality tenants and numerous tenants have moved out of the area.  Management continues to work with police, the City of Fresno, and the Housing Development Departments for additional support.  The investment general partner will continue to monitor occupancy and management's efforts to improve operations.

Series 3

As of December 31, 2007 and 2006, the average Qualified Occupancy for the series was 100%.  The series had a total of fifteen properties at December 31, 2007, all of which were at 100% Qualified Occupancy.

For the nine month period ended December, 2007 and 2006, Series 3 reflects net loss from Operating Partnerships of $(335,209) and $(262,845), respectively, which includes depreciation and amortization of $644,785 and $748,521, respectively. This is an interim period estimate and it is not indicative of the final year end results.

In an attempt to capitalize on the strong California real estate market, the operating general partner of California Investors VI (Orchard Park) entered into an agreement to sell the property and the transaction closed in June 2003.  As part of the purchase agreement, the buyer is required to maintain the property as affordable housing through the end of the tax credit compliance period, and to provide a recapture bond to avoid the recapture of the tax credits that have been taken.  Sale proceeds due to Series 3 and Boston Capital Tax Credit Fund III-Series 17, after repayment of advances made to the Operating Partnership, were $453,144 and $31,790, respectively.  Of the proceeds received, $352,768 and $24,748, for Series 3 and Series 17, respectively, was distributed to the investors in July 2004. This represented a per BAC distribution of $.122 and $.005 for Series 3 and 17, respectively. The total returned to the investors was distributed based on the number of BACs held by each investor at the time of the sale. The amounts for each series, while different in actual dollars, represent the same percentage of return to each investment limited partnership.  The remaining proceeds total of $107,418 was paid to BCAMLP for fees and expenses related to the sale, and partial reimbursement of amounts payable to affiliates. The breakdown of the amount paid to BCAMLP is as follows:  $10,000 represents reimbursement of expenses incurred related to sale, which includes due diligence, legal and mailing costs; $50,000 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property; and $47,418 represents a partial payment of accrued partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero for Series 3 and $28,682 for Series 17.  Accordingly, gains on the sale of the property were recorded by Series 3 and Series 17 of $406,422 and $3,109, respectively.  The gains recorded represented the proceeds received by the investment limited partnership, net of their remaining investment balance and their share of the overhead and expense reimbursement. In the prior year ended March 31, 2006, $46,722 and $3,278 for Series 3 and Series 17, respectively, of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In an attempt to capitalize on the strong California real estate market, the operating general partner of Hidden Cove Apartments (Hidden Cove) entered into an agreement to sell the property and the transaction closed in May 2003.  As part of the purchase agreement, the buyer is required to maintain the property as affordable housing through the end of the tax credit compliance period and to provide a recapture bond to avoid the recapture of the tax credits that have been taken.  Sale proceeds due to Series 3 and Boston Capital Tax Credit Fund III-Series 15 were $1,572,368 and $136,352, respectively.  The majority of the sale proceeds were received by the investment limited partnerships in May 2003, and the balance was received in September 2003.  Of the proceeds received, $1,240,404 and $107,565, for Series 3 and Series 15, respectively, was distributed to the investors in July 2004.  This represented a per BAC distribution of $.430 and $.028 for Series 3 and 15, respectively. The total returned to the investors was distributed based on the number of BACs held by each investor.  The amounts for each series, while different in actual dollars, represent the same percentage of return to each investment limited partnership.  The remaining proceeds total of $360,750 was paid to BCAMLP for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates. The breakdown of the amount paid to BCAMLP is as follows:  $10,000 represents reimbursement of expenses incurred related to sale, which includes due diligence, legal and mailing costs; $50,000 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property; and $300,750 represents a partial payment of outstanding partnership management fees due to BCAMLP.  At the time of the sale, the operating general partner retained some funds in an account in the name of the Operating Partnership to cover costs that would be incurred in the process of dissolving the Operating Partnership entity.  These funds were not fully utilized and the investment limited partnership share of the remaining funds was paid in April 2005.  The totals received were $9,163 for Series 3 and $795 for Series 15. The amounts have been added to each Series' available reserves and were recognized in the gain on the sale of the property as of March 31, 2005.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero for Series 3 and $66,166 for Series 15.  Accordingly, a gain on the sale of the property was recorded by Series 3 and Series 15 of $1,535,521 and $28,992, respectively.  The gains recorded represented the proceeds received by the investment limited partnership, net of their remaining investment balance, unreimbursed advances to the Operating Partnership and their share of the overhead and expense reimbursement. In the prior year ended, March 31, 2006, $3,990 and $46,010 for Series 15 and Series 3, respectively, of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In 2004, the Operating Partnership entered into a Purchase Agreement to sell Rainbow Housing.  The sale closed in March 2005.  After repayment of the outstanding mortgage balance of approximately $1,961,599, the proceeds to the investment limited partnership were $308,219.  Of the total investment limited partnership proceeds received, $70,000 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  Of the remaining proceeds, the net distribution to investors in the amount of $90,877 was paid in September 2005.  This represents a per BAC distribution of $.032. The total return to the investor is distributed based on the number of BACs held by each investor.  The remaining proceeds of $147,340 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $34,000 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $113,340 represents partial reimbursement for outstanding advances and partnership management fees.   Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $213,217 as of March 31, 2005. In the prior year ended, March 31, 2006, $25,000 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In 2003, American Affordable Housing II (AAH II) and Series 3 negotiated the sale of their investment limited partner interest in Paige Hall, a Minnesota Limited Partnership, to the operating general partner for the assumption of the outstanding mortgage balance of approximately $2,591,339 and proceeds to the investment limited partnerships of $150,000. The sale closed on December 19, 2005. Of the total proceeds, $20,000 is for the payment of outstanding reporting fees, and $130,000 will be proceeds for the sale of the investment limited partnerships' interest.  In the 10-Q filed for the quarter ended December 31, 2005, it was estimated that of the total proceeds, $27,753 and $22,247, for AAH II and Series 3, respectively, would be distributed to the investors. This represented a per unit distribution of $9.987 for AAH II and a per BAC distribution of $.008 for Series 3.  The total return to the investors would have been distributed based on the number of units and BACs, respectively, held by each investor.  The remaining proceeds of $80,000 were paid to BCAMLP for fees and expenses related to the sale and partial reimbursement for amounts owed to affiliates. The breakdown of the amount paid to BCAMLP is as follows: $10,000 represents the reimbursement of expenses incurred in connection with the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $70,000 represents payment of outstanding partnership management fees due to BCAMLP.  It has now been decided that the reimbursement related to the disposition of $27,753 and $22,247, for AAH II and Series 3, respectively, will not be paid, and that these amounts originally anticipated to be returned to investors will be added back to the investment limited partners' respective working capital reserves. This is due to the fact that the Prospectuses of AAH II and Series 3 require that the proceeds be utilized in this manner.The monies returned to working capital reserves will be available to pay obligations of the investment limited partnership.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnerships' investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnerships' investment in the Operating Partnership to zero.  Accordingly, a gain on the

sale of the investment limited partner interest of $66,607 and $53,393 for AAH II and Series 3, respectively, was realized in the quarter ended December 31, 2005.

In July 2004, Series 3 sold the investment limited partner interest in Pedcor Investments 1988-IV, (Mann Village Apartments) to the operating general partner for his assumption of the outstanding mortgage balance of $4,967,272 and proceeds to the investment limited partnership of $320,000.  Of the total received, $99,000 was for payment of outstanding reporting fees due to an affiliate of the investment limited partnership, and $221,000 was proceeds from the sale of the interest. Of the remaining proceeds, the net distribution to investors in the amount of $85,000 was paid in September 2005. This represents a per BAC distribution of $.030. The total returned to the investors is distributed based on the number of BACs held by each investor.  The remaining balance of $134,000 was paid to BCAMLP for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates. The breakdown of the amount paid to BCAMLP is as follows:  $15,700 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $118,300 represents a partial payment of outstanding partnership management fees due to BCAMLP.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the investment limited partner interest of $217,800 was realized in the quarter ended December 31, 2004. The gain recorded represented the proceeds received by the investment limited partnership, net of the remaining investment balance and the overhead and expense reimbursement. In the prior year ended, March 31, 2006, $3,200 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 3 sold its interest in Carriage Gate of Palatka, Ltd., to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,441,070 and proceeds to the investment limited partnership of $57,643. Of the total investment limited partnership proceeds received, $10,500 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  Of the remaining proceeds the net distribution to investors in the amount of $21,389 was paid in September 2005. This represents a per BAC distribution of $.007.  The total return to the investor is distributed based on the number of BACs held by each investor.  The remaining proceeds of $25,754 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows: $9,150 represents the reimbursement of overhead and expenses incurred

for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees, and $16,604 represents partial reimbursement for outstanding advances and partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $43,793 as of March 31, 2005. In the prior year ended March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 3 sold its interest in Colony Court RRH, Limited to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,463,570 and proceeds to the investment limited partnership of $58,543.  Of the total investment limited partnership proceeds received, the net distribution to the investors in the amount of $21,865 was paid in September 2005. This represents a per BAC distribution of $.008.  The total return to the investors is distributed based on the number of BACs held by each investor. The remaining proceeds of $36,678 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates. The breakdown of the amount paid to BCAMLP is as follows:  $9,150 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $27,528 represents partial reimbursement for outstanding advances and partnership management fees. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $55,193 as of March 31, 2005. In the prior year ended, March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 3 sold its interest in Lake Park, Limited to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,111,081 and proceeds to the investment limited partnership of $44,443. Of the total investment limited partnership proceeds received, the net distribution to investors in the amount of $14,395 was paid in September 2005. This represents a per BAC distribution of $.005.  The total return to the investor is distributed based on the number of BACs held by each investor.  The remaining proceeds of $30,048 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $9,150 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $20,898 represents partial reimbursement for outstanding advances and partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $41,093 as of March 31, 2005. In the prior year ended, March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 3 sold its interest in Orangewood Villas, Ltd., to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,441,078 and proceeds to the investment limited partnership of $57,643. Of the total investment limited partnership proceeds received, $4,012 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  Of the remaining proceeds, the net distribution to investors in the amount of $21,389 was paid in September 2005. This represents a per BAC distribution of $.007.  The total return to the investor is distributed based on the number of BACs held by each investor.  The remaining proceeds of $32,242 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $9,150 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $23,092 represents partial reimbursement for outstanding advances and partnership management fees.   Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $50,281 as of March 31, 2005. In the prior year ended, March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 3 sold its interest in Vidalia, Ltd., to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,454,975 and proceeds to the investment limited partnership of $58,199. Of the total investment limited partnership proceeds received, $8,162 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  Of the remaining proceeds, the net distribution to investors in the amount of $21,683 was paid in September 2005. This represents a per BAC distribution of $.008.  The total return to the investors was distributed based on the number of BACs held by each investor.  The remaining proceeds of $28,354 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $9,150 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $19,204 represents partial reimbursement for outstanding advances and partnership management fees.   Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $46,687 as of March 31, 2005. In the prior year ended, March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In January 2006, the operating general partner of Queens Court Limited Partnership entered into an agreement to sell the property and the transaction closed on April 6, 2006.  The net proceeds from the sale of the property were $858,680 from which the Partnership repaid the operating general partner for amounts previously advanced to the Partnership, which totaled $599,961.  The investment limited partner received proceeds of $249,250.  Of the total investment limited partnership proceeds received, $9,000 was paid to BCAMLP for expenses related to the sale, which includes third party legal costs, $4,250 represents reporting fees due to an affiliate of the investment limited partnership, and the balance of $236,000 represents proceeds from the sale. The remaining proceeds from the sale of $236,000 will be returned to cash reserves held by Series 3. In December 2006 additional sale proceeds of $10,706 were received and added to cash reserves held by Series 3. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership. After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $236,000 as of April 30, 2006. The additional gain on the sale of the investment limited partner interest of $10,706 was realized in the quarter ended December 31, 2006.

In December 2006, the investment limited partnership transferred its interest in Ashland Investment Group II, an Oregon Limited Partnership, to an entity affiliated with the operating general partner, for its assumption of the outstanding mortgage balance and cash proceeds to the investment limited partner of $76,755. Of the proceeds received, $1,800 represented reporting fees due to an affiliate of the investment limited partnership and the balance represented proceeds from the sale. Of the remaining proceeds received, $2,500 was paid to BCAMLP for expenses related to the sale, which included third party legal costs.  The remaining proceeds from the sale of $72,455 were returned to cash reserves held by Series 3. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership. After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $72,455 as of December 31, 2006. The transfer of the Operating Partnership has been recognized as of December 31, 2006, and the proceeds were received in the first quarter of 2007.

In December 2007, the investment general partner Series 3 entered into an agreement to transfer its interest in Southport, Limited Phase II to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,191,042 and cash proceeds to the investment limited partner of $52,583.  Of the total proceeds to be received, $9,791 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds $11,500 will be paid to BCAMLP for expenses related to the sale, which includes third party legal costs and $4,000 to a third party entity for an appraisal fee. The remaining proceeds of $31,292 will be returned to cash reserves held by Series 3.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership.  After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $31,292 as of December 31, 2007. The transfer of the Operating Partnership has been recognized as of December 31, 2007, and the proceeds will be received in the first quarter of 2008.

Vassar LDHA LP (Manor Ridge Apartments) is a 32-unit senior property located in Vassar, MI. The property operated below breakeven in 2006 and continues to operate below breakeven through the fourth quarter of 2007 due to declining occupancy and poor on-site management. The property has experienced high on-site management turnover since December 2006.  In September 2007, a new site manager was hired.  Since taking over, she has focused on improving resident relations and increasing outreach to the community. The new manager has over five years of commercial management experience and has undergone Rural Development's tax credit training program. She has contacted each resident on a one-on-one basis, and Manor Ridge has joined the Chamber of Commerce to boost resident involvement and awareness. However, increasing physical occupancy is still a struggle for the property because of the area's lack of qualified potential residents. As a result, physical occupancy through the fourth quarter of 2007 averaged 77%. The property expects occupancy to reach 90% by the fourth quarter of 2008. Management is working to allocate any available rental assistance and Section 8 tenants to the property. They are in continuous contact with numerous agencies that offer rental assistance in hopes of obtaining qualified residents. In addition, rental concessions are being offered in the form of a free month's rent and reduced security deposits. Also, to boost the curb appeal of the property, some exterior improvements are being completed. As of December 31, 2007, the tax and insurance escrow account was under-funded and the 2007 real estate taxes are delinquent. Management will submit a workout plan to Rural Development in January 2008. The operating general partner's operating deficit guarantee is unlimited in time and amount. The partnership's mortgage payments are current. On December 31, 2003, the 15-year low income housing tax credit compliance period expired.  On April 28, 2007, the investment general partner received investor consent to liquidate the assets of BCTC Fund LP which includes Series 3.  The investment general partner is actively pursuing the disposition of all properties or operating interest held by the investment partnership.

Series 4

As of December 31, 2007 and 2006, the average Qualified Occupancy for the series was 100%.  The series had a total of eight properties at December 31, 2007, all of which were at 100% Qualified Occupancy.

For the nine month period ended December 31, 2007 and 2006, Series 4 reflects net loss from Operating Partnerships of $(216,908) and $(474,323), respectively, which includes depreciation and amortization of $413,576 and $531,127, respectively. This is an interim period estimate and it is not indicative of the final year end results.



In February 2004, Series 4 and Boston Capital Tax Credit Fund II-Series 14 negotiated a transfer of their investment limited partner interest in Haven Park Partners II, A California LP (Glenhaven Park II) to the operating general partner for his assumption of the outstanding mortgage balance of $466,593 and proceeds to the investment limited partnership of $715,000. Of the total received, $4,500 was for payment of outstanding reporting fees due to an affiliate of the investment limited partnership, and $710,500 was proceeds from the sale of the interest. Of the sale proceeds received, $504,941 was utilized to repay subordinated loans that had been made by the investment limited partnership to the Operating Partnership.  The remaining sale proceeds were $26,374 and $179,185, for Series 4 and Series 14, respectively.  Of the proceeds remaining, $5,793 and $39,360, for Series 4 and Series 14, respectively, was distributed to the investors in September 2005.  This represents a per BAC distribution of $.002 and $.007, for Series 4 and Series 14, respectively.  The total returned to the investors is distributed based on the number of BACs held by each investor.  The remaining balance of $160,406

was paid to BCAMLP for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates. The breakdown of the amount paid to BCAMLP is as follows:  $30,450 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $129,956 represents a partial payment of outstanding partnership management fees due to BCAMLP.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership's investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the investment limited partner interest of $18,137 and $179,185 for Series 4 and Series 14, respectively, was realized in the quarter ended March 31, 2004. In the prior year ended, March 31, 2006, $2,752 and $18,698 for Series 4 and Series 14, respectively, of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In February 2004, Series 4 negotiated a sale of its investment limited partner interest in Van Dyck Estates XVI-A, A California LP (Van Dyck Estates XVI-A) to the operating general partner for his assumption of the outstanding mortgage balance of $586,229 and proceeds to the investment limited partnership of $515,000.  Of the total received, $7,500 was for payment of outstanding reporting fees due to an affiliate of the investment limited partnership, and $507,500 was proceeds from the sale of the interest.  Of the sale proceeds received, $360,564 was utilized to repay subordinated loans that had been made by the investment limited partnership to the Operating Partnership.  The remaining sale proceeds totaled $146,936.  Of the proceeds remaining, $56,815 was distributed to the investors in September 2005.  This represents a per BAC distribution of $.02.  The total returned to the investors was distributed based on the number of BACs held by each investor.  The remaining balance of $90,121 is anticipated to be paid to BCAMLP for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates. The breakdown of the amount to be paid to BCAMLP is as follows: $24,450 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $65,671 represents a partial payment of outstanding partnership management fees due to BCAMLP. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership and the subordinated loans to the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero and partially offset the loan balance.  Accordingly, a gain on the sale of the investment limited partner interest of $161,775 was realized in the quarter ended March 31, 2004. In the prior year ended March 31, 2006, $15,450 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In April 2006, Series 4 and the Partnership's Series 6 sold the investment limited partner interest in Auburn Trace, Limited to the operating general partner for his assumption of the outstanding mortgage balance of $10,693,881 and proceeds to Series 4 and Series 6 of $2,016,700 and $1,333,300, respectively.  Of the proceeds received, $82,500 represent reporting fees due to an affiliate of the investment limited partnership and $109,500 was paid to an affiliate of the investment limited partnership, BCAMLP, for expenses related to the sale, which include third party brokerage commission and legal costs. The remaining proceeds of $1,901,116 (Series 4) and $1,256,884 (Series 6) will be deposited into their respective reserve accounts.  The monies held in reserve will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of Series 4 and 6, respectively. Annual losses generated by the Operating Partnership, which were

applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership's investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the investment limited partner interest of $1,901,116 and $1,256,884 for Series 4 and Series 6, respectively, was realized in the quarter ended June 30, 2006.

In October 2004, while attempting to capitalize on the strong California real estate market, the operating general partner of Rosenberg Building Associates (Rosenberg Apartments) entered into an agreement to sell the property and the transaction closed in the first quarter of 2005.  As part of the purchase agreement, the buyer is required to maintain the property as affordable housing through the end of the tax credit compliance period, and to provide a recapture bond to avoid the recapture of the tax credits that have been taken. After repayment of the outstanding mortgage balance of approximately $1,699,801, and payments of outstanding fees due to the managing and operating general partners of $61,748 and $173,500, respectively, proceeds to the investment limited partners were $1,508,640.  Of the investment limited partner proceeds received: $120,086 represents re-payment of outstanding loans made to the Operating Partnership; and $76,251 represents payment of outstanding investor service fees.  The remaining proceeds of $1,312,303 were paid to the investment limited partnerships, Series 4, Series 6, Boston Capital Tax Credit Fund Series 7 and Boston Capital Tax Credit Fund Series 14, in accordance with their contributions to the Operating Partnership and the terms of the Operating Partnership agreement.  The amount paid to each Series is as follows: Series 4 $138,130, Series 6 $91,034, Series 7 $318,139 and Series 14 $765,000.  Series 4, Series 6, Series 7 and Series 14 will use $43,705, $28,804, $100,661 and $233,948, respectively, of their proceeds to pay outstanding asset management fees due to an affiliate of the investment partnership. In August 2005 additional sale proceeds of $59,929 were received and were allocated to Series 4, Series 6, and Series 7 as follows: $15,125 to Series 4, $9,968 to Series 6, and $34,836 to Series 7.  Of the initial and additional sales proceeds, it is estimated that approximately $109,550, $66,725, $233,186 and $490,795, for Series 4, Series 6, Series 7, and Series 14, respectively, will be distributed to the investors, or used to pay non-resident tax withholdings requirements of the State of California.  Provided that this is the actual amount distributed, the investor per BAC distribution will be $.037, $.051, $.225, and $.090, for Series 4, Series 6, Series 7, and Series 14, respectively. The remaining amount of $64,888 will be retained by the investment limited partner to improve their reserve balances, This amount is allocated to Series 6, Series 7, and Series 14 as follows: $5,473 to Series 6, $19,127 to Series 7, and $40,288 to Series 14.  A gain/(loss) on the sale of the investment limited partner interest of ($645,692), ($348,936), $318,139, and $288,349, for Series 4, Series 6, Series 7, and Series 14, respectively, was realized in the quarter ended March 31, 2005. An additional gain on the sale of the investment limited partner interest of $15,125, $9,968, and $34,836, for Series 4, Series 6, and Series 7, respectively, was realized in the quarter ended September 30, 2005.  The gain/(loss) recorded represented the proceeds received by the investment limited partnership, net of their remaining investment balance and their share of the overhead and expense reimbursement.

In fiscal year 2004, Series 4 sold its investment limited partnership interest in Sunneyview II (Stoneridge Hill II) for total proceeds to the investment limited partnership of $212,000.  Of the sale proceeds, $175,000 was collected in August 2003 and the balance was collected in October 2003.  Of the proceeds received, $120,000 was distributed to the investors in July 2004, representing a per BAC distribution of $.040. The total returned to the investors was distributed based on the number of BACs held by each investor at the time of the sale.  The remaining proceeds total of $92,000 was paid to BCAMLP for fees and expenses related to the sale and partial repayment of accrued asset

management fees.  The breakdown of the amount paid to BCAMLP is as follows:  $10,000 represents reimbursement of expenses incurred related to sale, which includes due diligence, legal and mailing costs; $20,000 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property; and $62,000 is to pay down outstanding accrued partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership and the subordinated loans to the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero and partially offset the loan balance.  Accordingly, a gain on the sale of the investment limited partner interest of $212,000 was realized in the year ended March 31, 2004. In the fiscal year ended March 2006, it was determined that a portion of the gain reported in the prior fiscal year, in the amount of $20,000, was attributable to the overhead and expense reimbursement associated with the sale of the property.  A reduction in the gain on sale of property as of December 31, 2004 was recorded to correct the gain previously reported. In the prior year ended March 31, 2006, $20,000 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

Clearview Apartments, LP, (Clear View Apartments) is a 24-unit property located in Monte Vista, Colorado. In 2006, physical occupancy fluctuated from 78% to 83% with average occupancy for the year of 80%. Through the fourth  quarter 2007 average physical occupancy was 79%. Despite low occupancy, the property was still able to operate above breakeven due to low operating expenses. The property suffers from the lack of a qualified applicant pool and insufficient rental assistance. Most potential residents who are willing to move to the property require rental assistance.  However, rental assistance is very limited. The operating general partner continuously tries to obtain additional rental assistance from Rural Development, but to date the attempts have been unsuccessful. Additionally, as part of marketing efforts, on-site management maintains close contact with the local housing authority. The property is also being advertised in local newspapers and flyers are being distributed in local diners and community centers. On December 31, 2004, the 15-year low income housing tax credit compliance period expired. On April 28, 2007, the investment general partner received investor consent to liquidate the assets of BCTC Fund LP which includes Series 4.  The investment general partner is actively pursuing the disposition of all properties or operating interest held by the investment partnership.



In February 2005, Landmark, Limited executed an Option Agreement to sell the property to an entity affiliated with the current operating general partner, but not the investment limited partner, for $4,100,000.  In June 2005, this Agreement was modified and the price increased to $4,379,300.  The sale closed on November 1, 2005.  The total proceeds received by the investment limited partnership after the payment of the outstanding mortgage balance and other liabilities of Landmark, including payments of the amounts due to the operating general partner of $3,156,951, was $1,222,349.  Of the net proceeds received $810,217 will be distributed to the investors.  The total returned to the investors will be distributed based on the number of BACs held by each investor.  The investor per BAC distribution is expected to be $.27. The remaining proceeds of $357,133 will be paid to BCAMLP for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates. The breakdown of the amount paid to BCAMLP is as follows:  $55,706 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; $265,427 represents partial reimbursement for advances and outstanding partnership management fees; and $36,000 represents reporting fees owed to BCAMLP.  Proceeds from the sale of the property of $54,999 will be returned to cash reserves held by Series 4.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership. After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,130,643 as of December 2005.

Shockoe Hill Associates II, LP, (Shockoe Hill II) is a 64-apartment historical-rehab property for seniors located in Richmond, VA.  The property consists of one building.  The 15-year tax credit compliance period ended in 2004.  Late in 2004, the operating general partner notified the investment general partner that six low income housing tax credit apartments were taken off-line due to structural damage caused by termite activity.  At the time, occupancy was already low due to ongoing physical issues at the property.  After funding over $100,000 to structurally stabilize a portion of the building, the operating general partner lacked the funds to continue to address these issues.  As a result, the operating general partner began to explore the Department of Housing and Urban Development, referred to as HUD, mark to market program in an attempt to obtain debt relief.  The current amount of the mortgage outstanding is over $1.7 million.  An appraisal conducted in October 2005 estimated the value of Shockoe Hill II to be between $1.14 and $1.22 million as improved.  In the initial stages of the analysis, the operating general partner determined that there was $1,013,313 in required physical repairs including a $1,000,000 sum for termite damage.  A rental comparability analysis was conducted in April 2005 which determined that market rent for the Richmond area is $350 a month.  This is less than the current $468 a month rent at Shockoe Hill, making them eligible for a mark to market.  The operating general partner submitted its findings to HUD in December 2005 and they were eligible for the program.  However, the operating general partner then determined this strategy would not provide sufficient funds to complete the repairs, so they are not pursing the mark to market option. The operating general partner also explored re-syndication to generate funding for repairs.  Because of the status of the property as a Section 8 moderate rehab, HUD regulations require forfeiture of the Housing Assistance Payment contract in the event of re-syndication.  The operating general partner explained that the property could not be supported without this subsidy, so re-syndication will not be pursued.  The operating general partner also explored selling its interests to a non-profit.  The operating general partner hoped to find a non-profit with a good relationship with the Virginia Housing Development Authority that may be able to negotiate a new Housing Assistance Payment contract. The operating general partner was unable to locate a non-profit that would be willing to purchase their partnership interest.   As a final assessment of potential value or alternate use for the property, the investment general partner sent a consultant to Richmond in April 2006 to conduct an analysis of Shockoe Hill II. It was determined that there was little value in Shockoe Hill II beyond the mortgage balance.  As a result of the large debt and the operating general partner funding to date, the consultant recommended that the investment general partner transfer its interest in the property to the operating general partner at no cost.  The operating general partner agreed to take over full ownership of Shockoe Hill II. The documents to transfer 100% of the ownership to the operating general partner, for a nominal amount, have been prepared and the Partnership is awaiting approval of HUD to finalize the transfer of the investment general partner interest.

In March 2005, Series 4 sold its interest in Greenwood Terrace, Ltd., to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,055,120 and proceeds to the investment limited partnership of $42,205. Of the total investment limited partnership proceeds received, $5,885 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  Of the remaining proceeds, the net distribution in the amount of $20,000 was paid in September 2005.  This represents a per BAC distribution of $.007.  The total return to the investor was distributed based on the number of BACs held by each investor.  The remaining proceeds of $16,320 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $10,350 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $5,970 represents partial reimbursement for outstanding advances and partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $32,970 as of March 31, 2005. In the prior year ended March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In March 2005, Series 4 sold its interest in Monticello, Ltd. to a non-affiliated entity for its assumption of the outstanding mortgage balance of $1,080,904 and proceeds to the investment limited partnership of $43,236. Of the total investment limited partnership proceeds received, the net distribution to investors in the amount of $20,741 was paid in September 2005. This represents a per BAC distribution of $.007.  The total return to the investors was distributed based on the number of BACs held by each investor.  The remaining proceeds of $22,495 was paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows: $10,350 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $12,145 represents partial reimbursement for outstanding advances and partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $39,886 as of March 31, 2005. In the prior year ended March 31, 2006, $3,350 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

New Grand Hotel Associates Limited Partnership (New Grand Apartments) is an 80-unit historic rehab property located in Salt Lake City, Utah. In September 2006, the operating general partner of New Grand Hotel Associates Limited Partnership entered into an agreement to sell the New Grand Apartments to a non-affiliated entity and the transaction closed on October 31, 2006.  The sales price for New Grand Apartments was $3,175,000, which includes the outstanding mortgage balance of approximately $2,957,000, and proceeds to the investment limited partnership of $229,595, which includes the return of funds held in all other depository accounts. Of the total proceeds received by the investment limited partnership, $52,300 represents reimbursements of funds previously advanced by the investment limited partnership and an affiliate of the investment limited partnership, and $70,000 was paid for outstanding reporting fees due to an affiliate of the investment limited partnership. Of the remaining proceeds $20,000 will be paid to BCAMLP or other related entities for the reimbursement of third party legal costs and the dissolution and final tax return preparation of New Grand Hotel Associates Limited Partnership.  The remaining proceeds of $87,295 were returned to cash reserves held by Series 4.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership.  After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $139,595 as of December 31, 2006. In February 2007, additional sale proceeds of $1,155 were received after the liquidation of the Operating Partnership was finalized.  The additional proceeds will be returned to the cash reserves held by Series 4.

In November 2005, the investment limited partnership sold its interest in Armory Square LP to the operating general partner for his assumption of the outstanding mortgage balance of $1,891,975 and cash proceeds to the investment limited partnership of $60,000.  Of the total investment limited partnership proceeds received, $31,000 represented payment of outstanding reporting fees due to an affiliate of the investment limited partnership.  The remaining proceeds of $29,000 were paid to BCAMLP or other related entities for expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount paid to BCAMLP is as follows:  $20,000 represented reimbursement for third party consulting fees and $9,000 represented reimbursement for expenses incurred related to the sale, which included legal fees. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $31,000 as of September 30, 2005.

Series 5

As of December 31, 2007 and 2006, the average Qualified Occupancy for the series was 100%.  The series had a total of three properties at December 31, 2007, all of which were at 100% Qualified Occupancy.

For the nine month period ended December 31, 2007 and 2006, Series 5 reflects net loss from Operating Partnerships of $(101,539) and $(25,547), respectively, which includes depreciation and amortization of $266,818 and $147,395, respectively. This is an interim period estimate and it is not indicative of the final year end results.

In April of 2007, the investment general partner of Series 5 transferred the investment limited partnership's interest in TKO Investment V LP to an entity affiliated with the operating general partner for the assumption of the outstanding mortgage balance of approximately $345,000 and cash proceeds to the investment limited partnership of $950,000. Of the total proceeds received $15,000 represent reporting fees due to an affiliate of the investment limited partnership and the balance represent proceeds from the transfer. Of the remaining proceeds $15,000 was paid to BCAMLP for expenses related to the sale, which includes third party legal costs and $7,000 was paid to a third party entity for an appraisal fee.  The remaining proceeds of $913,000 was returned to cash reserves held by Series 5.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership.  After all outstanding obligations of the investment limited partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $913,000 as of June 30, 2007.

In September 2007, the investment general partner of Calexico Associates approved an agreement to sell the property and the transaction is anticipated to close in August 2008. The anticipated sales price for the property is $2,051,000, which includes the outstanding mortgage balance of approximately $1,511,000 and cash proceeds to the investment limited partnerships of $210,600 and $59,400 to the Partnership's Series 2 and Series 5, respectively.  Of the total proceeds to be received, $2,464 and $695, respectively, represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale.  Of the remaining proceeds, it is anticipated that $11,700 and $3,300, respectively,  will be paid to BCAMLP for expenses related to the sale, which includes third party legal costs.  The remaining proceeds from the sale of $196,436 and $55,405 is anticipated to be returned to cash reserves held by Series 2 and Series 5, respectively.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

Annadale Housing Partners (King's View Apartments) is a 222-apartment property in Fresno, CA.  The property operated above breakeven in 2006 as a result of being funded primarily with soft debt.  Operating expenses were slightly higher than state averages but not of serious concern.  The main issue at Annadale is low occupancy.  Occupancy has been an issue at Annadale for several years but saw a steady decline in 2006 to a low of 81% in December 2006.  Occupancy continued to suffer in 2007 to an average of 82% in the fourth quarter.  King's View Apartments is located in one of the most violent gang and high crime areas in the city of Fresno, and crime has increased substantially in the past two years.  Management spends $11,500 per month on average for private security.  The operating general partner estimates that in reality the site requires $30,000-$60,000 per month in private security to effectively secure the property.  Management has been working closely with the police department, which has diverted resources from other areas of the city to the King's View neighborhood in the past few months.  This has made a positive impact on the area but the operating general partner is doubtful that the impact will be long lasting.  As a result of the substantial, visible crime in the area, management has had extreme difficulty in finding and maintaining quality tenants and numerous tenants have moved out of the area.  Management continues to work with police, the City of Fresno, and the Housing Development Departments for additional support.  The investment general partner will continue to monitor occupancy and management's efforts to improve operations.

Series 6

As of December 31, 2007 and 2006, the average Qualified Occupancy for the series was 100%.  The series had a total of seven properties at December 31, 2007, all of which were at 100% Qualified Occupancy.

For the nine month period ended December 31, 2007 and 2006, Series 6 reflects net loss from Operating Partnerships of $(146,635) and $(170,795), respectively, which includes depreciation and amortization of $336,634 and $343,887, respectively. This is an interim period estimate and it is not indicative of the final year end results.

In April 2006, the Partnership's Series 4 and Series 6 sold the investment limited partner interest in Auburn Trace, Limited to the operating general partner for his assumption of the outstanding mortgage balance of $10,693,881 and proceeds to Series 4 and Series 6 of $2,016,700 and $1,333,300, respectively.  Of the proceeds received, $82,500 represent reporting fees due to an affiliate of the investment limited partnership and $109,500 was paid to an affiliate of the investment limited partnership, BCAMLP, for expenses related to the sale, which include third party brokerage commission and legal costs. The remaining proceeds of $1,901,116 (Series 4) and $1,256,884 (Series 6) will be deposited into their reserve accounts, respectively.  The monies held in reserve will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of Series 4 and 6, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnerships' investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnerships' investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the investment limited partner interest of $1,901,116 and $1,256,884 for Series 4 and Series 6, respectively, was realized in the quarter ended June 30, 2006.

In December 2004, Series 6 sold the investment limited partner interest in Eldon Estates Limited Partnership to the operating general partner for his assumption of the outstanding mortgage balance of $542,524 and proceeds to the investment limited partnership of $16,276.  Of the total received after payment of the mortgage, $5,000 represents payment of outstanding reporting fees.  The remaining proceeds of $11,276 is anticipated to be paid to BCAMLP or other related entities for fees and expenses related to the sale and

partial reimbursement of amounts payable to affiliates.  The breakdown of the amount to be paid to BCAMLP is as follows: $2,163 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $9,113 represents partial reimbursement for outstanding partnership management fees.  Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $11,113 as of December 31, 2004. In the prior year ended March 31, 2006, $163 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

In July 2004, the operating general partner of Columbia Park Associates entered into an agreement to sell the property and the transaction closed in December 2004.  As part of the purchase agreement, the buyer is required to maintain the property as affordable housing through the end of the tax credit compliance period, and to provide a recapture bond to avoid the recapture of the tax credits that have been taken.  After repayment of the outstanding mortgage balances of approximately $1,397,779, the proceeds to the investment limited partnership were $2,738,413.  Of the total received after payment of the mortgage, $5,000 represents payment of outstanding reporting fees.  Of the remaining proceeds, $354,481 is anticipated to be paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount to be paid to BCAMLP is as follows: $74,000 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $280,481 represents partial reimbursement for outstanding partnership management fees. Of the proceeds received, $2,378,932 was distributed to the investors in September 2005.  This represents a per BAC distribution amount of $1.826.  Accordingly, a loss on the sale of the investment limited partnership of ($671,784), representing the proceeds received by the investment limited partnership, net of their remaining investment balance and their share of the overhead and expense reimbursement,

was recorded in the quarter ended December 31, 2004. In the prior year ended March 31, 2006, $65,000 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.  On March 30, 2007, additional sale proceeds of $24,000 were received after the liquidation of the Operating Partnership was finalized and recorded as a gain on the sale.  The additional proceeds will be returned to the cash reserves held by Series 6.

In December 2004, Series 6 sold the investment limited partner interest in Warrensburg Properties Limited Partnership to the operating general partner for his assumption of the outstanding mortgage balance of $559,159 and proceeds to the investment limited partnership of $16,775.  Of the total received after payment of the mortgage, $5,000 represents payment of outstanding reporting fees.  The remaining proceeds of $11,775 is anticipated to be paid to BCAMLP or other related entities for fees and expenses related to the sale and partial reimbursement of amounts payable to affiliates.  The breakdown of the amount to be paid to BCAMLP is as follows:  $2,168 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $9,607 represents partial reimbursement for outstanding partnership management fees. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the expense and overhead reimbursement, has been recorded in the amount of $11,607 as of December 31, 2004. In the prior year ended March 31, 2006, $168 of the sales proceeds were refunded to BCAMLP to pay accrued partnership management fees.

Holland West Limited Partnership - In December 2004, Series 6 entered into an agreement to sell the property and the transaction closed on April 18, 2006.  After repayment of the outstanding mortgage balance of approximately $1,664,604, proceeds to the investment limited partnership were $1,142,189.  Of the total proceeds received, $7,500 is for the payment of outstanding reporting fees and $1,134,689 is remaining proceeds from the sale. In the 10-Q filed for the quarter ended December 31, 2005, it was estimated that $656,816 would be distributed to the investors, and that provided this was the actual amount distributed, the investor per BAC distribution would be $.504, and that the remaining proceeds of $477,873 were anticipated to be paid to BCAMLP for fees and expenses related to the sale and partial reimbursement for amounts owed to affiliates.  The breakdown of the amount to be paid to BCAMLP is as follows: $13,500 represents the reimbursement of overhead and expenses incurred for overseeing and managing the disposition of the property, which includes salary reimbursement, mailing cost and third party legal fees; and $270,879 represents payment of outstanding partnership management fees due to BCAMLP. In addition, $193,494 of the sales proceeds will be added back to the Series' working capital reserves.  It has been decided that the reimbursement related to the disposition of $656,816 will not be paid, and that monies originally anticipated to be returned to investors will be added back to the Series' working capital reserve as well. This is due to the fact that the Prospectus of Series 6 requires that the proceeds be utilized in this manner. These sales proceeds and any further sales or refinancing proceeds added to reserves will be available to pay obligations of the investment limited partnership. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the expense and overhead reimbursement, has been recorded in the amount of $1,121,189 as of June 30, 2006.

In October 2004, while attempting to capitalize on the strong California real estate market, the operating general partner of Rosenberg Building Associates (Rosenberg Apartments) entered into an agreement to sell the property and the transaction closed in the first quarter of 2005.  As part of the purchase agreement, the buyer is required to maintain the property as affordable housing through the end of the tax credit compliance period, and to provide a recapture bond to avoid the recapture of the tax credits that have been taken. After repayment of the outstanding mortgage balance of approximately $1,699,801, and payments of outstanding fees due to the managing and operating general partners of $61,748 and $173,500, respectively, proceeds to the investment limited partners were $1,508,640.  Of the investment limited partner proceeds received: $120,086 represents re-payment of outstanding loans made to the Operating Partnership; and $76,251 represents payment of outstanding investor service fees.  The remaining proceeds of $1,312,303 were paid to the investment limited partnerships, Series 4, Series 6, Boston Capital Tax Credit Fund Series 7 and Boston Capital Tax Credit Fund Series 14, in accordance with their contributions to the Operating Partnership and the terms of the Operating Partnership agreement.  The amount paid to each Series is as follows: Series 4 $138,130, Series 6 $91,034, Series 7 $318,139 and Series 14 $765,000.  Series 4, Series 6, Series 7 and Series 14 will use $43,705, $28,804, $100,661 and $233,948, respectively, of their proceeds to pay outstanding asset management fees due to an affiliate of the investment partnership. In August 2005 additional sale proceeds of $59,929 were received and were allocated to Series 4, Series 6, and Series 7 as follows: $15,125 to Series 4, $9,968 to Series 6, and $34,836 to Series 7.  Of the initial and additional sales proceeds, it is estimated that approximately $109,550, $66,725, $233,186 and $490,795, for Series 4, Series 6, Series 7, and Series 14, respectively, will be distributed to the investors, or used to pay non-resident tax withholdings requirements of the State of California.  Provided that this is the actual amount distributed, the investor per BAC distribution will be $.037, $.051, $.225, and $.090, for Series 4, Series 6, Series 7, and Series 14, respectively. The remaining amount of $64,888 will be retained by the investment limited partner to improve their reserve balances, This amount is allocated to Series 6, Series 7, and Series 14 as follows: $5,473 to Series 6, $19,127 to Series 7, and $40,288 to Series 14.  A gain/(loss) on the sale of the investment limited partner interest of ($645,692), ($348,936), $318,139, and $288,349, for Series 4, Series 6, Series 7, and Series 14, respectively, was realized in the quarter ended March 31, 2005. An additional gain on the sale of the investment limited partner interest of $15,125, $9,968, and $34,836, for Series 4, Series 6, and Series 7, respectively, was realized in the quarter ended September 30, 2005.  The gain/(loss) recorded represented the proceeds received by the investment limited partnership, net of their remaining investment balance and their share of the overhead and expense reimbursement.

In December 2006, the investment general partner transferred the interest of - Series 6 and Boston Capital Tax Credit Fund II LP - Series 7 in Hillandale Commons Limited Partnership to an entity affiliated with the operating general partner, for its assumption of the outstanding mortgage balance and cash proceeds of $863,000.  In accordance with Agreement of Purchase and Sale an initial payment of $67,200 and $52,800 was paid in December 2006 and an outstanding note payable of $416,080 and $326,920 was paid in July 2007 to Series 6 and Boston Capital Tax Credit Fund II LP Series 7, respectively. Of the gross proceeds received, $16,800 and $13,200 represent reporting fees due to an affiliate, and $4,200 and $3,300 was paid to BCAMLP for expenses of the sale, which includes third party legal costs for Series 6 and Boston Capital Tax Credit Fund II LP - Series 7, respectively.  Of the remaining proceeds, $462,280 and $363,220 for Series 6 and Boston Capital Tax Credit Fund II LP - Series 7, respectively, will be returned to cash reserves.  The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid partnership management fees, and accrued but unpaid expenses of the investment limited partnership.  After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnerships' investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. The sale proceeds, previously recorded as receivable, in the amount of $416,080 and $326,920 for Series 6 and Series 7, respectively, was received as of July 31, 2007.  Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the expense and overhead reimbursement, has been recorded in the amount of $462,280 and $363,220, for Series 6 and Boston Capital Tax Credit Fund II LP - Series 7, respectively, as of December 31, 2006.



Principal Accounting Policies and Estimates

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, which requires the Partnership to make various estimates and assumptions.  A summary of significant accounting policies is provided in Note 1 to the financial statements.  The following section is a summary of certain aspects of those accounting policies that may require subjective or complex judgments and are most important to the portrayal of the Partnership's financial condition and results of operations.  The Partnership believes that there is a low probability that the use of different estimates or assumptions in making these judgments would result in materially different amounts being reported in the financial statements.

The Partnership is required to assess potential impairments to its long-lived assets, which is primarily investments in limited partnerships.  The Partnership accounts for its investment in limited partnerships in accordance with the equity method of accounting since the Partnership does not control the operations of the Operating Partnerships.

If the book value of the Partnership's investment in an Operating Partnership exceeds the estimated value derived by management, which generally consists of the remaining future low-income housing credits allocable to the Partnership and the estimated residual value to the Partnership, the Partnership reduces its investment in the Operating Partnership and includes the reduction in equity in loss of investment of limited partnerships.

As of March 31, 2004, the Partnership adopted FASB Interpretation No. 46 - Revised ("FIN46R"), "Consolidation of Variable Interest Entities." FIN 46R provides guidance on when a company should include the assets, liabilities, and activities of a variable interest entity ("VIE") in its financial statements and when it should disclose information about its relationship with a VIE. A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it absorbs the majority of the entity's expected losses, the majority of the expected returns, or both.



Based on the guidance of FIN 46R, the Operating Partnerships in which the Partnership invests meet the definition of a VIE.  However, management does not consolidate the Partnership's interests in these VIEs under FIN 46R, as it is not considered to be the primary beneficiary.  The Partnership currently records the amount of its investment in these partnerships as an asset on the balance sheet, recognizes its share of partnership income or losses in the statement of operations, and discloses how it accounts for material types of these investments in the financial statements.



The Partnership's balance in investment in Operating Partnerships, plus the risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss.  The Partnership's exposure to loss on these Operating Partnerships is mitigated by the condition and financial performance of the underlying properties as well as the strength of the local general partners and their guarantee against credit recapture.



Principal Accounting Policies and Estimates - Continued



In September 2006, the Financial Accounting Standards Board ("FASB") issued Statement of Financial Accounting Standards (SFAS) No. 157, "Fair Value Measurements," (SFAS 157), which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure about fair value measurements. SFAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and shall be applied prospectively except for very limited transactions, which for the Partnership is April 1, 2008.  In December 2007, the FASB delayed the implementation of SFAS 157 as it pertains to non-financial assets and liabilities until November 15, 2008, which for the Partnership is April 1, 2009. The Partnership is currently evaluating the potential impact of the adoption of SFAS 157 on its financial statements.











|Item 3 | Quantitative and Qualitative Disclosures About Market Risk
|------ | ----------------------------------------------------------
|       |                                                           
|       | Not Applicable                                            





|Item 4 | Controls & Procedures
|------ | ---------------------
|       |                      
|       | (a)                  
|       |                      
|       |                      
|       | (b)                  
|       |                      











PART II - OTHER INFORMATION



|Item 1.  | Legal Proceedings                                                                                                                                                   
|-------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------
|         |                                                                                                                                                                     
|         | None                                                                                                                                                                
|         |                                                                                                                                                                     
|Item 1A. | Risk Factors                                                                                                                                                        
|         |                                                                                                                                                                     
|         | There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2007.
|         |                                                                                                                                                                     
|Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                         
|         |                                                                                                                                                                     
|         | None                                                                                                                                                                
|         |                                                                                                                                                                     
|Item 3.  | Defaults upon Senior Securities                                                                                                                                     
|         |                                                                                                                                                                     
|         | None                                                                                                                                                                
|         |                                                                                                                                                                     
|Item 4.  | Submission of Matters to a Vote of Security 
Holders                                                                                                                
|         |                                                                                                                                                                     
|         | None                                                                                                                                                                
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|Item 5.  | Other Information                                                                                                                                                   
|         |                                                                                                                                                                     
|         | None                                                                                                                                                                
|         |                                                                                                                                                                     
|Item 6.  | Exhibits                                                                                                                                                            
|         |                                                                                                                                                                     
|         | (a)Exhibits                                                                                                                                                         
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SIGNATURES

Pursuant to the requirements of Section 13 of the Securities
Exchange Act of 1934, the Partnership has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.

|                        |                                                    |                                                               
|----------------------- | -------------------------------------------------- | --------------------------------------------------------------
|                        | Boston Capital Tax Credit Fund Limited Partnership
|                        |                                                    |                                                               
|                        | By:                                                | Boston Capital Associates Limited
Partnership, General Partner
|                       
|                        |                                                    |                                                               
|                        | By:                                                | BCA Associates Limited Partnership,
General Partner           
|                       
|                        |                                                    |                                                               
|                        | By:                                                | C&M Management, Inc.,
General Partner                         
|                       
|                        |                                                    |                                                               
|Date: February 14, 2008 | /s/ John P. Manning                               
|                        | John P. Manning                                   
|                        |                                                    |                                                               

Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on
behalf of the Partnership and in the capacities and on the dates
indicated:

|DATE:             | SIGNATURE:                          | TITLE:                                                                                                                                       
|----------------- | ----------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------
|                  |                                     |                                                                                                                                              
|February 14, 2008 | /s/ John P. Manning
John P. Manning | Director, President
(Principal Executive
Officer), C&M Management
Inc.; Director, President
(Principal Executive
Officer) BCTC Assignor Corp.



|DATE:             | SIGNATURE:                    | TITLE:                                                                                                                                                                            
|----------------- | ----------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                  |                               |                                                                                                                                                                                   
|February 14, 2008 | /s/ Marc N. Teal
Marc N. Teal | Chief Financial Officer
(Principal Financial and
Accounting Officer), C&M Management Inc; Chief
Financial Officer (Principal
Financial and Accounting
Officer) BCTC Assignor Corp.