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: June 30, 1997

                                       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 000-16757


                          CONCORD MILESTONE PLUS, L.P.
             (Exact Name of Registrant as Specified in its Charter)


         Delaware                                            52-1494615
-------------------------------             ------------------------------------
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
 Incorporation or Organization)

    5200 TOWN CENTER CIRCLE
               4TH FLOOR
       BOCA RATON, FLORIDA                                  33486
---------------------------------------                   ---------
(Address of Principal Executive Offices)                  (Zip Code)

                                 (561) 394-9260
               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 for the
past 90 days. Yes X No



<PAGE>

PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements

                          CONCORD MILESTONE PLUS, L.P.
                             (a Limited Partnership)
                                 BALANCE SHEETS
                 JUNE 30, 1997 (Unaudited) AND DECEMBER 31, 1996
<TABLE>
<CAPTION>

ASSETS
                                                                               June 30, 1997  December 31, 1996
<S>                                                                            <C>             <C>
Property, at cost
    Building and improvements ...............................................   $ 15,392,473    $ 15,359,462
    Less: accumulated depreciation ..........................................      5,120,022       4,829,534
                                                                                ------------    ------------

    Building and improvements, net ..........................................     10,272,451      10,529,928
    Land ....................................................................     10,987,034      10,987,034
                                                                                ------------    ------------

    Total property ..........................................................     21,259,485      21,516,962

Cash and cash equivalents ...................................................        320,376         326,120
Accounts receivable .........................................................        177,234         200,975
Prepaid expenses ............................................................         11,314          22,864
Other assets, net ...........................................................         56,691          19,854
                                                                                ------------    ------------

      Total assets ..........................................................   $ 21,825,100    $ 22,086,775
                                                                                ============    ============

LIABILITIES AND PARTNERS' CAPITAL
Liabilities:
Bonds payable, net ..........................................................   $ 16,460,578    $ 16,473,060
Accrued interest ............................................................        137,100         137,100
Accrued expenses and other liabilities ......................................        275,065         255,137
Due to affiliates ...........................................................              0          11,985
                                                                                ------------    ------------
    Total liabilities .......................................................     16,872,743      16,877,282
                                                                                ------------    ------------

Commitments and Contingencies

Partners' capital:
    General partner .........................................................        (73,042)        (70,470)
    Limited partners:
        Class A Interests, 1,518,800 ........................................      5,025,399       5,279,963
                                                                                ------------    ------------

    Total partners' capital .................................................      4,952,357       5,209,493
                                                                                ------------    ------------

    Total liabilities and partners' capital .................................   $ 21,825,100    $ 22,086,775
                                                                                ============    ============
</TABLE>

                 See Accompanying Notes to Financial Statements

                                       -2-
<PAGE>

                          CONCORD MILESTONE PLUS, L.P.
                             (a Limited Partnership)
                       STATEMENTS OF REVENUES AND EXPENSES
                                   (Unaudited)
                FOR THE THREE MONTHS ENDED JUNE 30, 1997 AND 1996
<TABLE>
<CAPTION>

                                                   June 30,1997  June 30, 1996
<S>                                                 <C>           <C>
Revenues:
Rent ..............................................   $ 576,105    $ 683,408
Reimbursed expenses ...............................     123,990      109,896
Interest and other income .........................       9,332        5,007
                                                      ---------    ---------

    Total revenues ................................     709,427      798,311
                                                      ---------    ---------

Expenses:
Interest expense ..................................     411,300      390,735
Depreciation and amortization .....................     142,444      159,680
Management and property expenses ..................     185,233      218,324
Administrative and management fees to related party      24,895       41,146
Professional fees and other expenses ..............     109,957       42,551
                                                      ---------    ---------

    Total expenses ................................     873,829      852,436
                                                      ---------    ---------

Net loss ..........................................   $(164,402)   $ (54,125)
                                                      =========    =========

Net loss attributable to:

    Limited partners ..............................   $(162,758)   $ (53,584)
    General partners ..............................      (1,644)        (541)
                                                      ---------    ---------

Net loss ..........................................   $(164,402)   $ (54,125)
                                                      =========    =========

Loss per weighted average
Limited Partnership 100 Class A
Interests outstanding .............................   $  (10.72)   $   (3.52)
                                                      =========    =========

Weighted average number of
interests outstanding .............................      15,188       15,188
                                                      =========    =========
</TABLE>

                 See Accompanying Notes to Financial Statements


                                       -3-

<PAGE>

                          CONCORD MILESTONE PLUS, L.P.
                             (a Limited Partnership)
                       STATEMENTS OF REVENUE AND EXPENSES
                                   (Unaudited)
                 FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND 1996
<TABLE>
<CAPTION>


                                                     June 30,1997   June 30, 1996
<S>                                                  <C>             <C>
Revenues:
Rent ..............................................   $ 1,268,973    $ 1,319,652
Reimbursed expenses ...............................       239,231        195,448
Interest and other income .........................        15,472          8,371
                                                      -----------    -----------

    Total revenues ................................     1,523,676      1,523,471
                                                      -----------    -----------

Expenses:
Interest expense ..................................       822,600        781,470
Depreciation and amortization .....................       285,050        318,902
Management and property expenses ..................       376,991        407,696
Administrative and management fees to related party        53,503         54,559
Professional fees and other expenses ..............       140,602         71,315
                                                      -----------    -----------

    Total expenses ................................     1,678,746      1,633,942
                                                      -----------    -----------

Net loss ..........................................   $  (155,070)   $  (110,471)
                                                      ===========    ===========

Net loss attributable to:

    Limited partners ..............................   $  (153,519)   $  (109,366)
    General partners ..............................        (1,551)        (1,105)
                                                      -----------    -----------

Net loss ..........................................   $  (155,070)   $  (110,471)
                                                      ===========    ===========

Loss per weighted average
Limited Partnership 100 Class A
Interests outstanding .............................   $    (10.11)   $     (7.20)
                                                      ===========    ===========

Weighted average number of
interests outstanding .............................        15,188         15,188
                                                      ===========    ===========

</TABLE>

                 See Accompanying Notes to Financial Statements


                                       -4-

<PAGE>



                          CONCORD MILESTONE PLUS, L.P.
                             (a Limited Partnership)
                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
                                   (Unaudited)
                     FOR THE SIX MONTHS ENDED JUNE 30, 1997

<TABLE>
<CAPTION>


                                                                                            General       Class A
                                                                             Total          Partner      Interests
                                                                         -----------    -----------    -----------
<S>                                                                      <C>            <C>            <C>
PARTNERS' CAPITAL (DEFICIT)
      January 1, 1997 ................................................   $ 5,209,493    $   (70,470)   $ 5,279,963


Distributions ........................................................      (102,066)        (1,021)      (101,045)
Net Loss .............................................................      (155,070)        (1,551)      (153,519)
                                                                         -----------    -----------    -----------


PARTNERS' CAPITAL (DEFICIT)
      June 30, 1997 ..................................................   $ 4,952,357    $   (73,042)   $ 5,025,399
                                                                         ===========    ===========    ===========

</TABLE>


                 See Accompanying Notes to Financial Statements

                                       -5-

<PAGE>

                          CONCORD MILESTONE PLUS, L.P.
                             (a Limited Partnership)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                 FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND 1996

<TABLE>
<CAPTION>
                                                   June 30,1997  June 30, 1996
<S>                                                 <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ..........................................   $(155,070)   $(110,471)
Adjustments to reconcile net loss to net
        cash provided by operating activities:
        Depreciation and amortization .............     285,050      318,902
        Change in operating assets and liabilities:
        Decrease (increase) in accounts receivable       23,741      (13,290)
        Decrease in prepaid expenses ..............      11,550       30,675
        Increase in other assets, net .............     (43,881)      (1,397)
        Decrease in due from affiliates, net ......           0          562
        Increase (decrease) in accrued expenses and
             other liabilities ....................      19,928      (61,042)
        Decrease in due to affiliate ..............     (11,985)           0
                                                      ---------    ---------

Net cash provided by operating activities .........     129,333      163,939
                                                      ---------    ---------

CASH FLOWS FROM INVESTING ACTIVITY:
        Property improvements .....................     (33,011)     (11,455)
                                                      ---------    ---------

CASH FLOWS FROM FINANCING ACTIVITY:
        Cash distributions to partners ............    (102,066)     (99,852)
                                                      ---------    ---------

NET (DECREASE) INCREASE
IN CASH AND CASH EQUIVALENTS ......................      (5,744)      52,632

CASH AND CASH EQUIVALENTS,  BEGINNING OF PERIOD ...     326,120      218,872
                                                      ---------    ---------

CASH AND CASH EQUIVALENTS,  END OF PERIOD .........   $ 320,376    $ 271,504
                                                      =========    =========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
        INFORMATION:

Cash paid during the period for interest ..........   $ 822,600    $ 781,470
                                                      =========    =========
</TABLE>


                 See Accompanying Notes to Financial Statements

                                       -6-

<PAGE>

                          CONCORD MILESTONE PLUS, L.P.
                             (a Limited Partnership)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                     FOR THE SIX MONTHS ENDED JUNE 30, 1997


        The accompanying  unaudited  financial  statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and with the  provisions  of Rule 10-01 of  Regulation  S-X and the
instructions  to Form  10-Q.  In the  opinion  of  management,  all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation have been included.

        Certain  reclassifications  were made to the accompanying 1996 financial
statements to conform to the 1997 presentation.

1.      Bonds Payable

The Bonds mature on November 30, 1997, at which time the  outstanding  principal
balance of  $16,452,000  will be due. The  Partnership  has not yet obtained any
commitments  for refinancing and has not entered into any agreements to sell any
of the Properties.  [See footnote 3. Commitments and Contingencies.  for further
discussion.]
        The  Partnership  is currently  seeking to refinance the  Properties and
Tri-Stone Mortgage Company  ("Tri-Stone"),  an affiliate of the General Partner,
is assisting  the  Partnership,  without  compensation,  in  obtaining  suitable
refinancing.  In the event that a  refinancing  sufficient  to satisfy the Bonds
appears  unlikely,  the General  Partner will attempt to sell one or more of the
Properties.  The General Partner  believes that the Partnership  will be able to
obtain  adequate  proceeds from a refinancing  or sale of the  Properties,  or a
combination  of the two,  to enable the  Partnership  to satisfy the Bonds on or
prior to their maturity. Nevertheless, there can be no assurance the Partnership
will be able to raise sufficient proceeds through a refinancing or sale prior to
the Bond maturity  date, or that the terms of any such  refinancing or sale will
be attractive to the Partnership. In the event that the Partnership is unable to
raise  adequate  funds to  satisfy  the  Bonds at  maturity,  there is a risk of
foreclosure under the Bond Mortgages.


                                                           -7-

<PAGE>



2.      Commitments and Contingencies

        A prospective  lender from whom the Partnership has sought a refinancing
commitment engaged an independent environmental and geotechnical consulting firm
to perform  environmental due diligence on the Properties.  After various tests,
that consultant  identified chemical  contamination in the soil at a site at the
Old  Orchard  Shopping  Center in  Valencia,  California  which it  believes  is
attributable to improper handling of dry cleaning solvent by a tenant.  Based on
the results of soil  sampling  and testing and the  condition  of the site,  the
environmental  consultant  has  concluded  that  the  contaminated  area  is  an
excellent  candidate for receipt of regulatory  closure of environmental  issues
through the use of a health-risk  assessment  process which,  if accepted by the
California  Environmental  Protection Agency,  would obviate the need for active
remediation  by the  Partnership.  The  consultant has estimated that pursuing a
"risk-  based  closure"  for the site  would  require a minimum of three to four
months and will cost between $28,000 and $100,000  assuming that the Partnership
applies for and receives  regulatory agency acceptance of the risk-based closure
for the site without active remediation.

        The  Partnership  currently  intends  to  pursue  the  course  of action
recommended by the environmental consultant. There can be no assurance, however,
that the Partnership will be granted a health-risk-basis-closure and will not be
responsible for active remediation of the affected site, the cost of which could
be substantial.

3.      Recently Issued Accounting Pronouncement

        The Financial  Accounting  Standards Board issued Statement of Financial
Accounting  Standards  No. 128,  "Earnings  per Share" in February,  1997.  This
pronouncement  establishes  standards for computing and presenting  earnings per
share,  and  is  effective  for  the  Partnership's   1997  year-end   financial
statements.  The General Partner has determined that this standard will not have
a significant  impact on the  Partnership's  computation or  presentation of net
income per limited partner interest.

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

        Concord  Milestone  Plus,  L.P.,  a Delaware  limited  partnership  (the
"Partnership"), was formed on December 12, 1986, for the purpose of investing in
existing income-producing commercial and industrial real estate. The Partnership
began  operations  on August 20, 1987,  and  currently  owns and operates  three
shopping centers located in Searcy, Arkansas;  Valencia,  California;  and Green
Valley, Arizona.

                                                           -8-

<PAGE>



        The Partnership commenced a public offering on April 8, 1987 in order to
fund the Partnership's real property  acquisitions.  The Partnership  terminated
its public offering on April 2, 1988 and was fully subscribed to with a total of
16,452 Bond Units and 15,188  Equity Units  issued.  Each Bond Unit  consists of
$1,000  principal  amount of Bonds and 36 Class B  Interests.  Each  Equity Unit
consists  of  100  Class  A  Interests  and  100  Class  B  Interests.   Capital
contributions  to the Partnership  consisted of $15,187,840 from the sale of the
Equity Units and $592,272 which represent the Class B Interests from the sale of
the Bond Units.

Results of Operations

Comparison of Quarter Ended June 30, 1997 to Quarter Ended June 30, 1996

        The Partnership  recognized a net loss of $164,402 for the quarter ended
June 30,  1997 as  compared to a loss of $54,125 for the same period in 1996 due
to the following factors:

        A decrease in revenues of $88,884,  or 11.1% to $709,427 for the quarter
ended June 30, 1997 as compared to $798,311 for the quarter  ended June 30, 1996
is  primarily  due to the net effect of the  following:  (1) rents  received  in
advance  totalling $42,000 during the first quarter of 1997 which related to the
second  quarter  were  recorded as revenue in the three  months  ended March 31,
1997; (2) percentage  rent  collections  decreased in the quarter ended June 30,
1997  primarily due to Thrifty Drugs at Old Orchard  Shopping  Center located in
Valencia,  California  which  recorded a decrease of $15,000 in percentage  rent
revenues due to adjustments of prior quarter  accruals  through  current quarter
revenue;   (3)  rent  abatements  for  two  tenants  at  Green  Valley  Mall  of
approximately  $4,000 occurred during the quarter ended June 30, 1997; and (4) a
decrease  in minor  tenant  occupancy  at the Old Orchard  Shopping  Center also
contributed to the decrease in revenues.

        Management  and  property  expenses  decreased  $33,091,  or  15.2%,  to
$185,233  for the quarter  ended June 30,  1997 as compared to $218,324  for the
quarter ended June 30, 1996  primarily due to a decrease in common area expenses
and  insurance  expense.  Common  area  expenses  decreased  as a result of cost
savings  efforts by management  and insurance  expense  decreased due to a lower
premium in 1997.  Real  estate tax  expense  also  decreased  due to  successful
appeals of the tax assessments.

        An increase in interest expense of $20,565, or 5.3%, to $411,300 for the
quarter  ended June 30, 1997 as compared to $390,735 for the quarter  ended June
30, 1996 due to the scheduled increase in the interest rate on the Partnership's
Bonds from 9.50% in 1996 to 10.0% in 1997.

                                                           -9-

<PAGE>



        A decrease in  depreciation  and  amortization  expense of  $17,236,  or
10.8%,  to $142,444 for the quarter  ended June 30, 1997 as compared to $159,680
for the quarter ended June 30, 1996 primarily due to a decrease in  amortization
of the net bond premium and discount in 1997.

        An  increase in  professional  fees and other  expenses  of $67,406,  or
158.4%,  to $109,957 for the quarter  ended June 30, 1997 as compared to $42,551
for the  quarter  ended June 30, 1996 due to payment of  application  fees in an
attempt to  refinance  the  properties  and an  estimate  of  environmental  and
geotechnical  fees of  $28,000  for a  risk-based  closure  at the  Old  Orchard
Shopping Center, in Valencia, California.

Comparison  of the Six Months  Ended June 30, 1997 to the Six Months  Ended June
30, 1996
        Revenues of the Partnership remained consistent increasing only $205, to
$1,523,676  for the six months ended June 30, 1997 as compared to $1,523,471 for
the six  months  ended  June 30,  1996  primarily  due to the net  effect  of an
increase in  reimbursed  expenses  of $43,783 and a decrease in rent  revenue of
$50,679.  Reimbursed expenses increased due to increased recovery percentages on
both common area expenses and real estate taxes. Additionally,  refunds given to
tenants  in 1996 due to an  incorrect  billing  in a prior  year was  charged to
revenue in 1996. Rents decreased  primarily due to decreased  occupancy of minor
tenants at Old Orchard  Shopping  Center located in Valencia,  California.  Rent
abatements  also  occurred at Green Valley Mall during the six months ended June
30, 1997.

        Management and property expenses decreased $30,705, or 7.5%, to $376,991
for the six months  ended June 30,  1997 as  compared  to  $407,696  for the six
months ended June 30, 1996  primarily  due to a decrease in common area expenses
and  insurance  expense.  Common  area  expenses  decreased  as a result of cost
savings  efforts by management  and insurance  expense  decreased due to a lower
premium in 1997.  Real  estate tax  expense  also  decreased  due to  successful
appeals of the tax assessments.

        Interest  expense  increased  $41,130,  or 5.3%, to $822,600 for the six
months ended June 30, 1997 as compared to $781,470 for the six months ended June
30, 1996 due to the scheduled increase in the interest rate on the Partnership's
Bonds from 9.50% in 1996 to 10% in 1997.

        Depreciation and amortization  expense decreased  $33,852,  or 10.6%, to
$285,050  for the six months ended June 30, 1997 as compared to $318,902 for the
six months ended June 30, 1996 due to a decrease in the  amortization of the net
bond premium and discount in 1997.


                                                           -10-

<PAGE>



        Professional  fees and other  expenses  increased  $69,287,  or 97.2% to
$140,602  for the six months  ended June 30, 1997 as compared to $71,315 for the
six months ended June 30, 1996 due to payment of application  fees in an attempt
to refinance the properties and an estimate of  environmental  and  geotechnical
fees of $28,000 for risk-based  closure at the Old Orchard Shopping  Center,  in
Valencia, California.

Liquidity and Capital Resources

        The Bonds  mature on November 30,  1997,  at which time the  outstanding
principal  balance  of  $16,452,000  will be due.  The  Partnership  has not yet
obtained any  commitments  for  refinancing and has not entered into any written
agreements to sell any of the Properties.

        A prospective  lender from whom the Partnership has sought a refinancing
commitment engaged an independent environmental and geotechnical consulting firm
to perform  environmental due diligence on the Properties.  After various tests,
that consultant  identified chemical  contamination in the soil at a site at the
Old  Orchard  Shopping  Center in  Valencia,  California  which it  believes  is
attributable to improper handling of dry cleaning solvent by a tenant.  Based on
the results of soil  sampling  and testing and the  condition  of the site,  the
environmental  consultant  has  concluded  that  the  contaminated  area  is  an
excellent  candidate for receipt of regulatory  closure of environmental  issues
through the use of a health-risk  assessment  process which,  if accepted by the
California  Environmental  Protection Agency,  would obviate the need for active
remediation  by the  Partnership.  The  consultant has estimated that pursuing a
"risk-  based  closure"  for the site  would  require a minimum of three to four
months and will cost between $28,000 and $100,000  assuming that the Partnership
applies for and receives  regulatory agency acceptance of the risk-based closure
for the site without active remediation.

        The  Partnership  currently  intends  to  pursue  the  course  of action
recommended by the environmental consultant. There can be no assurance, however,
that the Partnership will be granted a health-risk-based-closure and will not be
responsible for active remediation of the affected site, the cost of which could
be substantial.  In addition,  there is no assurance that the  Partnership  will
receive the  necessary  regulatory  clearance in time to complete a  refinancing
prior to the maturity of the Bonds.



                                                           -11-

<PAGE>



        In the event that a refinancing  sufficient to satisfy the Bonds appears
unlikely,  the  General  Partner  will  attempt  to  sell  one  or  more  of the
Properties.  The General Partner believes that the Partnership should be able to
obtain  adequate  proceeds from a refinancing  or sale of the  Properties,  or a
combination  of the two,  to enable the  Partnership  to satisfy the Bonds on or
prior to their  maturity;  however,  if the  Partnership  must  engage in active
remediation of the  contaminated  soil at the Valencia  property,  the value and
marketability of such property could be significantly impaired.  There can be no
assurance the Partnership  will be able to raise  sufficient  proceeds through a
refinancing  or sale prior to the Bond  maturity  date, or that the terms of any
such  refinancing  or sale will be attractive to the  Partnership.  In the event
that the  Partnership  is unable to raise adequate funds to satisfy the Bonds at
maturity, there is a risk of foreclosure under the Bond Mortgages.

        In  order  to fund  the  cost of  addressing  the  environmental  issues
identified at the Old Orchard Shopping Center, the Partnership has determined to
suspend  making   distributions  until  the  Partnership's  cash  needs  can  be
determined with greater certainty.

        Assuming  that  the  Partnership  is able to raise  sufficient  funds to
satisfy the Bonds on or before November 30, 1997, the General  Partner  believes
that the Partnership will have sufficient  working capital to meet its operating
requirements  through  the  next  12  months  provided  that  the  costs  of the
addressing  environmental  issues at the Old  Orchard  Shopping  Center  are not
significantly   greater   than  the  current   $28,000  to  $100,000   estimate.
Nevertheless,  because the cash  revenues and expenses of the  Partnership  will
depend on future facts and circumstances relating to the Properties,  as well as
market  and  other  conditions  beyond  the  control  of  the  Partnership,  the
possibility exists that cash flow deficiencies may occur. There are currently no
material commitments for capital expenditures.

Management  is  not  aware  of  any  other  trends,   events,   commitments   or
uncertainties,  that will or are likely to materially  impact the  Partnership's
liquidity.

Cash Flows

        Net cash provided by operating activities of $129,333 for the six months
ended  June  30,  1997  included  (i) a net  loss  of  $155,070,  (ii)  non-cash
adjustments of $285,050 for depreciation  and  amortization  expense and (iii) a
net change in operating assets and liabilities of $647.

        Net cash provided by operating activities of $163,939 for the six months
ended  June  30,  1996  included  (i) a net  loss  of  $110,471,  (ii)  non-cash
adjustments of $318,902 for depreciation  and  amortization  expense and (iii) a
net change in operating assets and liabilities of $44,492.

                                                           -12-

<PAGE>



        Net cash used in investing activities of $33,011 and $11,455 for the six
months  ended June 30,  1997 and June 30,  1996  respectively,  was for  capital
expenditures for property improvements.

        Net cash used in  financing  activities  of $102,066 and $99,852 for the
six months  ended June 30,  1997 and June 30,  1996  respectively,  was for cash
distributions to partners.

PART II - OTHER INFORMATION

Item 6.  Reports on Form 8-K

        (b) No reports on form 8-K were filed during the quarter covered by this
Report.


                                                           -13-

<PAGE>



                                                        SIGNATURES

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



DATE: August 11,1997                                CONCORD MILESTONE PLUS, L.P.
                                                                  (Registrant)



                                                       BY:  CM PLUS CORPORATION
                                                                General Partner




                                                By:  /S/ Robert Mandor
                                                     --------------------------
                                                     Robert Mandor
                                                     Director and Vice President



                                                By:  /S/ Joan LeVine
                                                     --------------------------
                                                     Joan LeVine
                                                     Secretary and Treasurer


                                                           -14-