FORM 10-QSB.--QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF
                     THE SECURITIES EXCHANGE ACT OF 1934
                       QUARTERLY OR TRANSITIONAL REPORT

                 (As last amended by 34-32231, eff. 6/3/93.)

                   U.S. Securities and Exchange Commission
                           Washington, D.C.  20549


                                 FORM 10-QSB

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934


              For the quarterly period ended September 30, 1996


[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT

                For the transition period.........to.........

                        Commission file number 0-16209


                             ANGELES PARTNERS 16
      (Exact name of small business issuer as specified in its charter)


         California                                           95-4106417
(State or other jurisdiction of                             (IRS Employer
incorporation or organization)                              Identification No.)

One Insignia Financial Plaza, P.O. Box 1089
   Greenville, South Carolina                             29602
(Address of principal executive offices)                (Zip Code)


                   Issuer's telephone number (864) 239-1000



Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  Yes  X  No
                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

a)                            ANGELES PARTNERS 16

                                BALANCE SHEET
                                 (Unaudited)
                       (in thousands, except unit data)

                              September 30, 1996


Assets
  Cash and cash equivalents:
    Unrestricted                                                  $   542
    Restricted--tenant security deposits                               58
  Accounts receivable                                                  19
  Escrow for taxes                                                    261
  Restricted escrows                                                1,232
  Other assets                                                        215
  Investment properties:
    Land                                             $ 1,076
    Buildings and related personal property           10,652
                                                      11,728
    Less accumulated depreciation                     (3,227)       8,501
                                                                  $10,828

Liabilities and Partners' Deficit

Liabilities
  Accounts payable                                                $    65
  Tenant security deposits                                             57
  Accrued taxes                                                       445
  Accrued interest                                                  1,169
  Other liabilities                                                 1,009
  Notes payable, including $2,887 in
      default                                                      13,645

Partners' Deficit
  General partner                                    $  (173)
  Limited partners (14,033 units
      issued and outstanding)                         (5,389)      (5,562)
                                                                  $10,828

                See Accompanying Notes to Financial Statements
b)
                                   ANGELES PARTNERS 16

                                 STATEMENTS OF OPERATIONS
                                       (Unaudited)
                             (in thousands, except unit data)
<TABLE>
<CAPTION>
                                         Three Months Ended      Nine Months Ended
                                            September 30,           September 30,
                                         1996          1995        1996         1995
<S>                                  <C>           <C>          <C>          <C>
Revenues:
 Rental income                        $   507       $   587      $1,679       $2,432
 Other income                              68            65         173          158
     Total revenues                       575           652       1,852        2,590

Expenses:
 Operating                                233           239         628          951
 General and administrative                28            37         103          131
 Maintenance                               63            69         136          219
 Depreciation                              74            72         221          400
 Interest                                 287           298         903        1,218
 Property taxes                           107           130         292          662
 Bad debt recovery                         --            --          --           (4)
     Total expenses                       792           845       2,283        3,577
                                       
Loss before extraordinary item           (217)         (193)       (431)        (987)
Extraordinary item - gain on
  early extinguishment of debt             --            --          --           56

     Net loss                         $  (217)      $  (193)    $  (431)     $  (931)

Net loss allocated to general
 partner  (1%)                        $    (2)      $    (2)    $    (4)     $    (9)
Net loss allocated to limited
 partners (99%)                          (215)         (191)       (427)        (922)

     Net loss                         $  (217)      $  (193)    $  (431)     $  (931)

Per limited partnership unit:
 Loss before extraordinary item       $(15.32)      $(13.62)    $(30.43)     $(69.67)
 Extraordinary item                        --            --          --         3.97

     Net loss                         $(15.32)      $(13.62)    $(30.43)     $(65.70)
<FN>
                      See Accompanying Notes to Financial Statements
</TABLE>

c)
                              ANGELES PARTNERS 16

                    STATEMENT OF CHANGES IN PARTNERS' DEFICIT
                                   (Unaudited)
                         (in thousands, except unit data)
<TABLE>
<CAPTION>
                                    Limited
                                  Partnership    General     Limited
                                      Units      Partner     Partners       Total
<S>                                 <C>         <C>          <C>          <C>
Original capital contributions       14,050      $    1       $14,050      $14,051

Partners' deficit at
   December 31, 1995                 14,033      $ (169)      $(4,962)     $(5,131)

Net loss for the nine months
   ended September 30, 1996                          (4)         (427)        (431)

Partners' deficit at
  September 30, 1996                 14,033      $ (173)      $(5,389)     $(5,562)
<FN>
                 See Accompanying Notes to Financial Statements
</TABLE>

d)                                ANGELES PARTNERS 16

                                 STATEMENTS OF CASH FLOWS
                                       (Unaudited)
                                      (in thousands)
<TABLE>
<CAPTION>
                                                                 Nine Months Ended
                                                                   September 30,
                                                                 1996         1995
<S>                                                          <C>           <C>
Cash flows from operating activities:
  Net loss                                                    $ (431)       $ (931)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:
    Depreciation                                                 221           400
    Amortization of loan costs and leasing commissions             7            27
    Extraordinary item - gain on early extinguishment
      of debt                                                     --           (56)
  Change in accounts:
    Restricted cash                                                5             6
    Accounts receivable                                          120            40
    Escrows for taxes                                            (30)           44
    Other assets                                                   1           (40)
    Accounts payable                                              25            13
    Tenant security deposit liabilities                           (6)            6
    Accrued taxes                                                  3           109
    Accrued interest                                             398          (888)
    Other liabilities                                           (201)          120

      Net cash provided by (used in) operating activities        112        (1,150)

Cash flows from investing activities:
  Property improvements and replacements                         (43)         (298)
  Proceeds from sale of investment property                       --         9,863
  Deposits to restricted escrows                                (271)       (1,390)
  Withdrawals from restricted escrows                            404           192

      Net cash provided by investing activities                   90         8,367

Cash flows from financing activities:
  Repayment of notes payable                                      --        (8,140)
  Payments on notes payable                                     (110)          (24)
  Additions to notes payable                                      44            --

       Net cash used in financing activities                     (66)       (8,164)

Net increase (decrease) in cash                                  136          (947)

Cash and cash equivalents at beginning of period                 406         1,773

Cash and cash equivalents at end of period                   $   542       $   826

Supplemental disclosure of cash flow information:
  Cash paid for interest                                     $   498       $ 2,034
<FN>
                 See Accompanying Notes to Financial Statements
</TABLE>

e)                             ANGELES PARTNERS 16

                           NOTES TO FINANCIAL STATEMENTS
                                    (Unaudited)

NOTE A - GOING CONCERN

The financial statements have been prepared assuming that Angeles Partners 16
(the "Partnership") will continue as a going concern.  The Partnership has
incurred recurring operating losses and continues to suffer from inadequate
liquidity.  In addition, there are limited identified capital resources
available to the Partnership.  As a result, the Partnership has not had cash
available to perform the substantial rehabilitation necessary at each of the
investment properties.

The Partnership is in default on approximately $2,887,000 of its indebtedness,
plus related accrued interest of approximately $579,000, due to its inability to
make interest and principal payments when due.  The debt is unsecured debt of
the Partnership payable to Angeles Mortgage Investment Trust ("AMIT") (see "Note
C" for further discussion).

The Partnership is presently paying non-debt related expenses of the properties,
is current on its mortgages on its other two investment properties and is
negotiating forbearance agreements with AMIT on the debt in default.

As a result of the above conditions, there is substantial doubt about the
Partnership's ability to continue as a going concern.  The financial statements
do not include any adjustments to reflect the possible future effects on the
recoverability or classification of assets or amounts or classification of
liabilities that may result from these uncertainties.


NOTE B - BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principles for interim financial information
and with the instructions to Form 10-QSB and Item 310(b) of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of Angeles Realty Corporation II (the "General Partner"), all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included.  Operating results for the three and nine
month periods ended September 30, 1996, are not necessarily indicative of the
results that may be expected for the fiscal year ending December 31, 1996.  For
further information, refer to the financial statements and footnotes thereto
included in the Partnership's annual report on Form 10-KSB for the fiscal year
ended December 31, 1995.

Certain reclassifications have been made to the 1995 information to conform to
the  1996 presentation.

NOTE C - TRANSACTIONS WITH AFFILIATED PARTIES

The Partnership has no employees and is dependent on the General Partner and its
affiliates for the management and administration of all partnership activities.
The Partnership Agreement provides for payments to affiliates for services and
as reimbursement of certain expenses incurred by affiliates on behalf of the
Partnership.

The following payments were made to the General Partner and affiliates during
the nine months ended September 30, 1996 and 1995:

                                                  1996        1995
                                                   (in thousands)

Property management fees                        $ 91        $ 109

Reimbursement for services of affiliates          50           66


The Partnership insures its properties under a master policy through an agency
and insurer unaffiliated with the General Partner.  An affiliate of the General
Partner acquired, in the acquisition of a business, certain financial
obligations from an insurance agency which was later acquired by the agent who
placed the current year's master policy.  The current agent assumed the
financial obligations to the affiliate of the General Partner who receives
payment on these obligations from the agent.  The amount of the Partnership's
insurance premiums accruing to the benefit of the affiliate of the General
Partner by virtue of the agent's obligations is not significant.

In November 1992, Angeles Acceptance Pool, L.P. ("AAP"), a Delaware limited
partnership, was organized to acquire and hold the obligations evidencing the
working capital loan previously provided to the Partnership by Angeles Capital
Investments, Inc. ("ACII").  Angeles Corporation ("Angeles") is the 99% limited
partner of AAP and Angeles Acceptance Directives, Inc. ("AAD"), an affiliate of
the General Partner, was, until April 14, 1995, the 1% general partner of AAP.
On April 14, 1995, as part of a settlement of claims between affiliates of the
General Partner and Angeles, AAD resigned as general partner of AAP and
simultaneously received a 1/2% limited partner interest in AAP.  An affiliate of
Angeles now serves as the general partner of AAP.

The AAP working capital loan funded the Partnership's operating deficits in
prior years.  Total indebtedness, including accrued interest of approximately
$551,000, was approximately $2,068,000 at September 30, 1996, with monthly
interest only payments at prime plus 2% from available cash flow.  Principal is
to be paid the earlier of i) the availability of funds, ii) the sale of one or
more properties owned by the Partnership, or iii) November 25, 1997.  Total
interest expense for this loan was $78,000 and $124,000 for the nine months
ended September 30, 1996 and 1995, respectively.

NOTE C - TRANSACTIONS WITH AFFILIATED PARTIES (CONTINUED)

AMIT currently holds two unsecured notes receivable from the Partnership. Total
indebtedness of $2,887,000 is in default at September 30, 1996, due to non-
payment. Total interest expense on this financing was $395,000 and $331,000 for
the nine months ended September 30, 1996 and 1995, respectively.  Accrued
interest was $579,000 at September 30, 1996.

MAE GP Corporation ("MAE GP"), an affiliate of the General Partner, owns
1,675,113 Class B Shares of AMIT.  MAE GP has the option to convert these Class
B Shares, in whole or in part, into Class A Shares on the basis of 1 Class A
Share for every 49 Class B Shares.  These Class B Shares entitle MAE GP to
receive 1.2% of the distributions of net cash distributed by AMIT.  These Class
B Shares also entitle MAE GP to vote on the same basis as Class A Shares which
allows MAE GP to vote approximately 37% of the total shares (unless and until
converted to Class A Shares at which time the percentage of the vote controlled
represented by the shares held by MAE GP would approximate 1.2% of the vote).
Between the date of acquisition of these shares (November 24, 1992) and March
31, 1995, MAE GP declined to vote these shares.  Since that date, MAE GP voted
its shares at the 1995 annual meeting in connection with the election of
trustees and other matters.  MAE GP has not exerted, and continues to decline to
exert, any management control over or participate in the management of AMIT.
MAE GP may choose to vote these shares as it deems appropriate in the future.
In addition, Liquidity Assistance, LLC ("LAC"), an affiliate of the General
Partner and an affiliate of Insignia Financial Group, Inc., which provides
property management and partnership administration services to the Partnership,
currently owns 87,700 Class A Shares of AMIT.  These Class A Shares entitle LAC
to vote approximately 2% of the total shares.  The number of Class A Shares of
AMIT owned by LAC increased from 63,200 shares on September 30, 1996, to 87,700
shares as of October 22, 1996.  The voting percentage also increased from 1.5%
to 2% over the same period.

As part of a settlement of certain disputes with AMIT, MAE GP granted to AMIT an
option to acquire the Class B Shares owned by it.  This option can be exercised
at the end of 10 years or when all loans made by AMIT to partnerships affiliated
with MAE GP as of November 9, 1994, (which is the date of execution of a
definitive Settlement Agreement) have been paid in full, but in no event prior
to November 9, 1997.  AMIT delivered to MAE GP cash in the sum of $250,000 at
closing, which occurred  April 14, 1995, as payment for the option.  Upon
exercise of the option, AMIT would remit to MAE GP an additional $94,000.

Simultaneously with the execution of the option, MAE GP executed an irrevocable
proxy in favor of AMIT the result of which is MAE GP will be able to vote the
Class B Shares on all matters except those involving transactions between AMIT
and MAE GP affiliated borrowers or the election of any MAE GP affiliate as an
officer or trustee of AMIT.  On those matters, MAE GP granted to the AMIT
trustees, in their capacity as trustees of AMIT, proxies with regard to the
Class B Shares instructing such trustees to vote said Class B Shares in
accordance with the vote of the majority of the Class A Shares voting to be
determined without consideration of the votes of "Excess Class A Shares" as
defined in Section 6.13 of the Declaration of Trust of AMIT.

NOTE D - CONTINGENCIES

On June 12, 1995, the Partnership sold the North Prior Industrial Park to an
unrelated party.  The net proceeds of $10,325,000, were used to pay the first
mortgage and related accrued interest; to pay AMIT in partial satisfaction of a
recourse second mortgage; and to fund restricted escrows.  The holder of the
first mortgage forgave $56,000, which the Partnership recognized as an
extraordinary gain on extinguishment of debt.  The unpaid balance of the note
payable to AMIT is now unsecured Partnership debt (see "Note C").

As required by the sales agreement, the Partnership established three escrows as
described below:

Tenant Improvements Escrow - This escrow was being held pending completion of
tenant improvements that were begun prior to the sale.  At September 30, 1996,
the escrow balance had been expended.  All funds were used for the improvement
projects and the residual, or $56,000, was used to reduce the debt to AMIT.

Environmental Escrow - This escrow was established for costs associated with
fuel oil contamination at the property.  In January 1993, a local fuel oil
distributor pumped fuel oil into a testing well instead of into the storage tank
at North Prior Industrial Park.  The Partnership notified the necessary
authorities and engaged an environmental engineering firm to develop a plan of
action to clean up the site.  The cost of the clean up, which is not covered by
insurance, is estimated to be approximately $900,000 over a five year period.  A
liability has been recorded to cover the estimated costs to clean-up the site
and is included in "Other Liabilities", and the funds have been set aside in an
escrow account.  At September 30, 1996, the balance remaining in this account
was approximately $889,000.  The Partnership entered into an agreement with the
buyer of the property limiting the Partnership's liability with regard to the
clean up of this site to the balance of the escrow account.  This agreement will
terminate when the Partnership receives a "Site Closure Letter" from the
Minnesota Pollution and Control Agency.  Upon receipt of this letter, any
remaining funds in the escrow account will be used to pay down the AMIT debt
discussed above.

Attorney Fee Escrow - This escrow is being held for attorney fees relating to
the environmental issue described above.  At September 30, 1996, the balance in
this account is $38,000.  All funds are expected to be used for attorney fees;
however, any remaining funds will be used to reduce the debt to AMIT.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The Partnership's investment properties consist of two apartment complexes.  The
following table sets forth the average occupancy of the properties for the nine
months ended September 30, 1996 and 1995:

                                                       Average
                                                      Occupancy
Property                                          1996         1995

Whispering Pines Apartments
     Fitchburg, Wisconsin                          86%         93%

Silver Ridge Apartments
     Maplewood, Minnesota                          97%         95%

Occupancy at Whispering Pines has decreased due to home purchases by existing
tenants and construction around the property which has decreased traffic to the
property.

The Partnership realized a net loss of approximately $431,000 for the nine
months ended September 30, 1996, versus a net loss of approximately $931,000 for
the nine months ended September 30, 1995.  The Partnership realized net losses
of approximately $217,000 and $193,000 for the three months ended September 30,
1996 and 1995, respectively.  The decrease in net loss for the three and nine
months ended September 30, 1996, as compared to the three and nine months ended
September 30, 1995, is primarily due to the sale of North Prior Industrial Park
on June 12, 1995.

Rental income decreased for the three and nine months ended September 30, 1996,
as compared to the three and nine months ended September 30, 1995, due to the
sale of North Prior Industrial Park on June 12, 1995.  Also contributing to the
decrease in rental income was the decrease in occupancy at Whispering Pines
Apartments, which was partially offset by an increase in occupancy at Silver
Ridge Apartments.  Other income increased due to an increase in interest income
resulting from interest earned on the escrows held for North Prior.

For the three and nine months ended September 30, 1996, versus the three and
nine months ended September 30, 1995, operating, maintenance, depreciation, and
property tax expenses decreased due to the sale of North Prior Industrial Park
on June 12, 1995.  Interest expense also decreased due to the sale of North
Prior Industrial Park, however, this decrease was partially offset by an
increase in interest expense relating to the assessment of default interest on
the North Prior AMIT debt. Also contributing to the decrease in property tax
expense was a decrease in the tax rate for Silver Ridge Apartments.  General and
administrative expense decreased due to a decrease in cost reimbursements for
partnership accounting, investor relations and asset management services.

The Partnership sold the investment property, North Prior Industrial Park, on
June 12, 1995, for $10,450,000 to an unrelated third party.  The net proceeds
were used to pay the first mortgage and related accrued interest.  Accrued
interest of approximately $56,000 related to the first mortgage was forgiven
resulting in an extraordinary gain on debt forgiveness for the nine months ended
September 30, 1995. A gain on sale of investment property of approximately
$611,000 was recorded for the sale during the nine months ended September 30,
1995.

As part of the ongoing business plan of the Partnership, the General Partner
monitors the rental market environment of each of its investment properties to
assess the feasibility of increasing rents, maintaining or increasing occupancy
levels and protecting the Partnership from increases in expenses.  As part of
this plan, the General Partner attempts to protect the Partnership from the
burden of inflation-related increases in expenses by increasing rents and
maintaining a high overall occupancy level.  However, due to changing market
conditions, which can result in the use of rental concessions and rental
reductions to offset softening market conditions, there is no guarantee that the
General Partner will be able to sustain such a plan.

At September 30, 1996, the Partnership had unrestricted cash of approximately
$542,000 versus approximately $826,000 at September 30, 1995.  Net cash provided
by operating activities increased primarily due to the decreased net loss as a
result of the sale of North Prior Industrial Park.  In addition, there was
significant payment of accrued interest in 1995 from the sale of North Prior
Industrial Park.  Net cash provided by investing activities decreased primarily
due to the sales proceeds received in 1995 from the sale of North Prior
Industrial Park.  In addition, net cash used in financing activities decreased
due to the repayment of the notes payable at the closing of the sale of North
Prior Industrial Park.

The financial statements have been prepared assuming the Partnership will
continue as a going concern.  The Partnership has incurred recurring operating
losses and continues to suffer from inadequate liquidity.  In addition, there
are limited identified capital resources available to the Partnership.  As a
result, the Partnership has not had cash available to perform the substantial
rehabilitation necessary at each of the investment properties.  The Partnership
is in default on approximately $2,887,000 of its indebtedness due to its
inability to make interest and principal payments when due.  The debt is
unsecured debt of the Partnership payable to AMIT.  The Partnership is presently
paying non-debt related expenses of the properties, is current on its mortgages
secured by its two remaining investment properties and is negotiating
forbearance agreements with AMIT on the debt in default.  As a result of the
above conditions, there is substantial doubt about the Partnership's ability to
continue as a going concern.  The financial statements do not include any
adjustments to reflect the possible future effects on the recoverability or
classification of assets or amounts or classification of liabilities that may
result from these uncertainties.

The Partnership has no material capital programs scheduled to be performed in
1996, although certain routine capital expenditures and maintenance expenses
have been budgeted.  These capital expenditures and maintenance expenses will be
incurred only if cash is available from operations or is received from the
capital reserve account.

The sufficiency of existing liquid assets to meet future liquidity and capital
expenditure requirements is directly related to the level of capital
expenditures required at the properties to adequately maintain the physical
assets and other operating needs of the Partnership.  The mortgage indebtedness
of approximately $13,645,000 consists of; (1) a first mortgage of $4,341,000,
which is being amortized over 30 years and is due January 1997; (2) a second
trust deed and a working capital loan with principal balances of approximately
$375,000 and $1,517,000, respectively, (interest only) with maturity dates in
November and December 1997; (3) and a first mortgage bond payable in the   
principal amount of approximately $4,525,000 (interest only) due July 2023.  
The Partnership also has unsecured debt to AMIT in the amount of approximately 
$859,000 and $2,028,000 (interest only) with maturity dates of
June 1997 and June 1996, respectively, which is in default.  Future cash
distributions will depend on the levels of net cash generated from operations,
refinancing and property sales.  There were no cash distributions in the nine
months ended September 30, 1996 or September 30 1995.  At this time, the General
Partner does not anticipate making a cash distribution during fiscal 1996.

The General Partner is currently negotiating a refinance of the mortgage secured
by Whispering Pines Apartments prior to its maturity in January 1997.  The
outcome of such negotiations cannot presently be determined.

During the third quarter 1996, AMIT filed a complaint against the Partnership,
in the State of Minnesota, demanding payment on the $2,028,000 obligation plus
accrued interest. At September 30, 1996, accrued interest on this debt payable
to AMIT totaled approximately $210,000.  The debt was in default previously due
to non-payment of interest and now is in default due to maturity.



                          PART II - OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

In January 1993, a local fuel oil distributor pumped fuel oil into a testing
well instead of into the storage tank at North Prior Industrial Park.  The
Partnership notified the necessary authorities and engaged an environmental
engineering firm to develop a plan of action to clean up the site.  The cost of
the clean up, which is not covered by insurance, is estimated to be
approximately $900,000 over a five year period.  A liability has been recorded
to cover the estimated costs to clean up the site and the funds have been set
aside in an escrow account.  The Partnership entered into an Environmental
Undertaking and Indemnity Agreement with the buyer of the property limiting the
Partnership's liability with regard to the clean up of this site to the balance
of the escrow account.  This agreement will terminate when the Partnership
receives a "Site Closure Letter" from the Minnesota Pollution and Control
Agency.  Upon receipt of this letter, any remaining funds in the escrow account
will be used to pay down Partnership debt to AMIT.  In January 1995, the holder
of the first mortgage, along with the former receiver, initiated two separate
lawsuits against the Partnership, among others, for damages sustained as a
result of the above.  In June 1995, the suit with the former holder of the first
mortgage was dismissed.  During November 1995, the Partnership was removed as
the defendant and became the Plaintiff in the lawsuit initiated by the former
receiver in a suit filed against the fuel distributor, among others.  The former
receiver was removed as Plaintiff in the suit due to it no longer being a party-
in-interest.

During the third quarter 1996, AMIT filed a complaint against the Partnership,
in the State of Minnesota, demanding payment on the $2,028,000 obligation plus
accrued interest. At September 30, 1996, accrued interest on this debt payable
to AMIT totaled approximately $210,000.  The debt was in default previously due
to non-payment of interest and now is in default due to maturity.

The Partnership is unaware of any other pending or outstanding litigation that
is not of a routine nature.  The General Partner of the Partnership believes
that all such pending or outstanding litigation will be resolved without a
material adverse effect upon the business, financial condition, or operations of
the Partnership.


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

  a)   Exhibits:

       Exhibit 27, Financial Data Schedule, is filed as an exhibit to this
       report.

  b)   Reports on Form 8-K:

       None filed during the quarter ended September 30, 1996.


                                   SIGNATURES

  In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                           ANGELES PARTNERS 16

                           By:   Angeles Realty Corporation II
                                 General Partner


                           By:   /s/Carroll D. Vinson
                                 Carroll D. Vinson
                                 President


                           By:   /s/Robert D. Long
                                 Robert D. Long
                                 Vice President/CAO


                           Date: November 12, 1996