FORM 10-Q
                                 
                     SECURITIES AND EXCHANGE COMMISSION
                                
                            Washington, D.C. 20549

          (Mark One)                                                       

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

     For the quarterly period ended              September 30, 1995      

                               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        33-13983           

                     ASSOCIATED PLANNERS REALTY GROWTH FUND            
             (Exact name of registrant as specified in its charter)


                CALIFORNIA                                95-4119808        
          (State or other Jurisdiction of              (I.R.S. Employer
          incorporation or organization)               Identification No.)

                         5933 W. CENTURY BLVD.,  SUITE 900
                          LOS ANGELES, CALIFORNIA  90045                  
                     (Address of principal executive offices)
                                    (Zip Code)
                                
                                  (310) 670-0800            
                   (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    X        No             

<PAGE>
                       ASSOCIATED PLANNERS REALTY GROWTH FUND
                          (A California Limited Partnership)

ITEM 1.   FINANCIAL STATEMENTS

     In the opinion of the General Partner of Associated Planners Realty 
Growth Fund (the "Partnership"), all adjustments necessary for a fair 
presentation of the Partnership's results for the three and nine months ended
September 30, 1995 and 1994 have been made in the following financial
statements which are of normal recurring entries in nature.  However, such 
financial statements are unaudited and are subject to any year-end 
adjustments that may be necessary.
<TABLE>
         
                              BALANCE SHEETS
            September 30, 1995 (Unaudited) and December 31, 1994
<CAPTION>                                 
                                               September 30,  December 31,
                                                  1995           1994
<S>                                                <C>            <C>      
ASSETS
RENTAL REAL ESTATE, net of
 accumulated depreciation (Notes 2 & 3)        $3,205,254     $3,255,051
CASH AND CASH EQUIVALENTS                          15,726          5,657
OTHER ASSETS                                       46,030         35,726
                                                3,267,010      3,296,434
LIABILITIES AND PARTNERS' EQUITY
PAYABLE TO AFFILIATES                            $190,833     $  187,807
OTHER ACCRUED LIABILITIES                          75,715         16,725
NOTE PAYABLE - RELATED PARTY (Note 4)             150,000        150,000
SECURITY DEPOSITS AND PREPAID RENT                 34,242         25,181
NOTE PAYABLE (Note 3)                           1,633,213      1,614,884
     TOTAL LIABILITIES                          2,084,003      1,994,597
COMMITMENTS AND CONTINGENCIES
PARTNERS' EQUITY:
   Limited Partner:
     $1,000 stated value per unit;
     authorized 10,000 units;
     issued - 2,061                            1,179,143       1,296,785
   General Partner:                                3,864           5,052
     TOTAL PARTNERS EQUITY                     1,183,007       1,301,837
                                              $3,267,010      $3,296,434
</TABLE>
[FN]
                 See accompanying notes to financial statements.

<PAGE>
<TABLE>
                      ASSOCIATED PLANNERS REALTY GROWTH FUND
                       (A California Limited Partnership)


                          STATEMENTS OF PARTNERS' EQUITY
                        Nine Months Ended September 30, 1995 
                                   (Unaudited)
<CAPTION>

                                           Limited   Partners  General
                                 Total     Units     Amount    Partner
<S>                              <C>         <C>        <C>       <C>     
BALANCE, December 31, 1994    $1,301,837    2,061   $1,296,785   $5,052

   Net loss                     (118,830)    ---      (117,642)  (1,188)

BALANCE, September 30, 1995   $1,183,007    2,061   $1,179,143   $3,864



               Nine Months Ended September 30, 1994
                           (Unaudited)
<CAPTION>

                                          Limited    Partners    General
                                Total     Units      Amount      Partner
<S>                               <C>        <C>        <C>         <C>
BALANCE, December 31, 1993     $1,416,980    2,061   $1,410,777   $6,203

   Net loss                       (65,544)    ---       (64,889)    (655)

BALANCE, September 30, 1994    $1,351,436    2,061   $1,345,888   $5,548
</TABLE>
[FN]


               See accompanying notes to financial statements.<PAGE>
              

<PAGE>
<TABLE>
                    ASSOCIATED PLANNERS REALTY GROWTH FUND
                      (A California Limited Partnership)


                             STATEMENTS OF OPERATIONS
             Three and Nine Months Ended September 30, 1995 and 1994
                                   (unaudited)
<CAPTION>

                         Three Months Three Months  Nine Months Nine Months
                            Ended        Ended         Ended      Ended
                       September 30, September 30, September 30, September 30,
                            1995        1994         1995           1994      
                                
<S>                             <C>        <C>         <C>         <C>
REVENUES:
 Rental                        $53,564    $72,866    $174,879   $226,453
 Interest                           15        116         107        403

                                53,579     72,982     174,986    226,856
COSTS AND EXPENSES:
 Operating                      29,710     22,398      81,061     58,844
 Property taxes                  4,495      4,495      13,485     13,487
 Property management fees        2,702      3,272       7,679     10,196
 Interest                       29,946     42,327     113,922    127,190
 General and administrative      8,836     10,446      27,872     31,926
 Depreciation and amortization  16,599     16,920      49,797     50,757
   
                                92,288     99,858     293,816    292,400


NET LOSS                      $(38,709)  $(26,876)  $(118,830)  $(65,544)

NET LOSS PER 
  LIMITED PARTNERSHIP UNIT     $(18.59)   $(12.91)    $(57.08)   $(31.48)
</TABLE>
[FN]
               See accompanying notes to financial statements.  

<PAGE>
<TABLE>
                     ASSOCIATED PLANNERS REALTY GROWTH FUND
                       (A California Limited Partnership)

                            STATEMENTS OF CASH FLOWS
                 Nine Months Ended September 30, 1995 and 1994
                                  (Unaudited)
<CAPTION>

                                               Nine Months      Nine Months
                                                  Ended           Ended   
                                               September 30,   September 30, 
                                                     1995          1994   
                                            
<S>                                                  <C>           <C>
Cash flow from operating activities:
  Net Loss                                        $(118,830)    $(65,544)
  Adjustments to reconcile net (loss) to
  net cash (used in) operating activities:                                     
  Depreciation and amortization                       49,797       50,757
  Increase (decrease) from changes in:
Other assets                                         (10,304)      (9,411)
Accounts payable                                      62,016       27,946
Security deposits                                      9,061          415

  Net cash (used in) operating activities             (8,260)      (4,163) 
Cash flows from financing activities:
  Addition to (payments on) note payable              18,329      (10,716)
  Net cash provided by (used in)                   
  financing activities                                18,329      (10,716)

Net increase (decrease) in cash & cash equivalents    10,069       (6,553)
  
Cash and cash equivalents at beginning of period       5,657       29,564

Cash and cash equivalents at end of period           $15,726      $23,011
</TABLE>
[FN]
            See accompanying notes to financial statements.                  

<PAGE>
                  ASSOCIATED PLANNERS REALTY GROWTH FUND
                    (A California Limited Partnership)

                      Summary of Accounting Policies


Business 

           Associated Planners Realty Growth Fund (the "Partnership"), a
California limited partnership, was formed on March 9, 1987 under
the Revised Limited Partnership Act of the State of California for the
purpose of developing or acquiring, managing and operating leveraged
income producing real estate.  The Partnership met its minimum funding of 
$1,200,000 on August 29, 1988 and terminated its offering on September 5, 
1989.

Basis of Presentation   

         The financial statements do not give effect to any assets that the
partners may have outside of their interest in the partnership, nor to
any personal obligations, including income taxes, of the partners.

Rental Real Estate and Depreciation

        Assets are stated at cost.  Depreciation is computed using the
straight-line method over estimated useful lives ranging from 31.5
to 40 years for financial reporting and income tax reporting purposes.

Organizational Costs and Loan Origination Fees 
 
        Organizational costs and loan origination fees are capitalized 
and amortized over five and ten years, respectively.
                                                                                
Lease Commissions 

        Lease commissions which are paid to real estate brokers for locating
tenants are capitalized and amortized over the life of the lease.

Rental Revenue

        Rental revenue is recognized on a straight-line basis to the extent 
that rental revenue is deemed collectible.

Statements of Cash Flows  

        For purposes of the statement of cash flows, the Partnership
considers cash in the bank and all highly liquid investments purchased
with original maturities of three or less to be cash and cash equivalents.


<PAGE>
                     ASSOCIATED PLANNERS REALTY GROWTH FUND
                       (A California Limited Partnership)


                         NOTES TO FINANCIAL STATEMENTS
     Three and Nine Months Ended September 30, 1995 and 1994 (Unaudited)
                             and December 31, 1994



Note 1 - Nature of Partnership Business

     Associated Planners Realty Growth Fund, a California limited partnership
(the "Fund"), was formed on December 23, 1986 under the Revised Limited 
Partnership Act of the State of California for the purpose of acquiring, 
managing, and operating leveraged income-producing real estate.  
            
     Under the terms of the partnership agreement, the General Partner 
(West Coast Realty Advisors, Inc. and W. Thomas Maudlin Jr.) is entitled to 
cash distributions and net income allocations varying from 1% for 
depreciation allocations to 15% of cash and income after the limited partners
have received cash distributions equal to their initial cash investment plus 
a cumulative 8% return. The General Partner is also entitled to cash 
distributions and net income allocations of 10% from ongoing partnership 
operations.  Further, the General Partner receives acquisition fees for 
locating and negotiating the purchase of rental real estate and management 
fees for operating the Partnership (Note 4).  

Note 2 - Rental Real Estate

     As of September 30, 1995 and December 31, 1994, the Fund's net real 
estate investments in the Parkcenter Office Building and PROCARE Industrial 
Building are as follows:  

                                     September 30,     December 31,
                                         1995             1994

Land                                  $1,349,900        $1,349,900     
Buildings and Improvements             2,241,600         2,241,600          
                                       3,591,500         3,591,500          
Less Accumulated Depreciation            386,246           336,449          
Net Real Estate Investment            $3,205,254        $3,255,051


<PAGE>
                  ASSOCIATED PLANNERS REALTY GROWTH FUND
                    (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS
    Three and Nine Months Ended September 30, 1995 and 1994 (Unaudited)
                    and Year Ended December 31, 1994
                              (continued)


Note 3 - Note Payable
 
     The Partnership has a 9.75% promissory note secured by a Deed of Trust 
totaling $1,633,213 at September 30, 1995 and $1,614,884 at December 31, 
1994, with a life insurance company.  This note is due January 1, 2000, and 
provides significant prepayment penalties.  The monthly payments for 
September 1, 1995 through January 1, 1996 are being deferred, whereupon the 
total deferred payments will be added to the outstanding principal balance 
and amortized over the remaining amortization period.  This new balance 
amortized over the remaining amortization period (288 months) will equal a 
new Monthly Payment (at the current interest rate of 9.75%) of $15,087.81.

Note 4 - Related Party Transactions

     (a)   Property management fees incurred in accordance with the 
partnership agreement with West Coast Realty Management, Inc., ("WCRM") an 
affiliate of the corporate General Partner, totaled $7,679 for the nine 
months ended September 30, 1995, $10,196 for the nine months ended
September 30, 1994, $2,702 for the three months ended September 30, 1995, and
$3,272 for the three months ended September 30, 1994.  WCRM is currently 
deferring collection of these fees.

     (b)   During the year ended December 31, 1990, the Partnership, in a
joint venture with Associated Planners Realty Income Fund (an affiliate), 
purchased a one-story office building located in San Marcos, California (Note
2).  The acquisition was paid for entirely in cash totaling $3,119,000
of which $311,900 was provided by the Partnership and $2,807,100 by 
Associated Planners Realty Income Fund.  The Partnership owns a 10% interest 
in this joint venture.

     (c)   The Partnership has a note payable to a General Partner of 
$150,000 at September 30, 1995 and December 31, 1994.  The note outstanding 
bears interest of 7.5% and is payable in equal installments of principal and 
interest amortized over a 10 year period, with all remaining unpaid interest 
and principal due on May 1, 1997.  The General Partner is currently deferring 
collection of payments of principal and interest on this note.

Note 5 - Net Loss and Cash Distributions Per Limited Partnership Unit

     The Net Loss per Limited Partnership Unit was computed in accordance 
with the Partnership Agreement on the basis of the number of outstanding 
Limited Partnership Units.  No distributions were made during the three or 
nine months ended September 30, 1995 and September 30, 1994.

<PAGE>
                    ASSOCIATED PLANNERS REALTY GROWTH FUND
                     (A California Limited Partnership)


ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF 
       FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Introduction

       Associated Planners Realty Growth Fund (the "Partnership") was 
organized in December 1986, under the California Revised Limited Partnership 
Act.  The Partnership began offering units for sale on October 20, 1987.  As 
of December 31, 1989, the Partnership had raised $2,061,000 in gross capital 
contributions.  The Partnership netted approximately $1,820,000 after sales 
commissions and syndication costs.  

       The Partnership was organized for the purpose of investing in, 
holding, and managing improved, leveraged income-producing property, such as 
residential property, office buildings, commercial buildings, industrial 
properties, and shopping centers.  The Partnership intends to own
and operate such properties for investment over an anticipated holding period
of approximately five to ten years.  

       The Partnership's principal investment objectives are to invest in 
rental real estate properties which will:  

       (1) Preserve and protect the Partnership's invested capital;

       (2) Provide for cash distributions from operations;

       (3) Provide gains through potential appreciation; and

       (4) Generate Federal income tax deductions so that during the early 
           years of property operations, a portion of cash distributions may 
           be treated as a return of capital for tax purposes and, therefore,
           may not represent taxable income to the limited partners.  

       The ownership and operation of any income-producing real estate is 
subject to those risks inherent in all real estate investments, including 
national and local economic conditions, the supply and demand for similar 
types of properties, competitive marketing conditions, zoning changes,
possible casualty losses,  increases in real estate taxes, assessments, and 
operating expenses, as well as others.  

<PAGE> 
                     ASSOCIATED PLANNERS REALTY GROWTH FUND
                      (A California Limited Partnership)

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        FINANCIAL CONDITION AND RESULTS OF OPERATIONS
        (continued)

     Results of Operations

        Operations for the quarter ended September 30, 1995, reflect an 
entire period of operations for the Partnership's properties.  Rental revenue
for the three and nine months ended September 30, 1995, decreased from the 
three and nine months ended September 30, 1994 by approximately $19,302 and 
$51,574,  respectively.  Part of this decrease was a result of a vacancy at 
the San Marcos building from January 8, 1995 to February 13, 1995.  The 
effect of this vacancy was a decrease in rent of approximately $3,000 for the
quarter and nine months.  In addition, the new tenant (No Fear Inc.) entered 
into a lease at a rate that was 30% less than the rate on the lease of the 
prior tenant (Professional Care Products).  This has resulted in 
approximately $6,000 less rent for the first nine months of 1995 in 
comparison to the first nine months of 1994.  The remaining $42,574 decrease 
in rental revenue is the result of lower occupancy and lower rent rates at  
the Santa Ana office building. Total costs and expenses related to the 
properties' operation were similar for the quarter ended September 30, 1995 
and the quarter ended September 30, 1994.  These same costs were $1,416
higher for the nine months ended September 30, 1995 vs. the nine months 
ended September 30, 1994, as a result of lower interest expense (greater 
principal repayments on mortgage loan) and property management fees 
expenditures. General and administrative expenses were approximately equal 
for both the three and nine months ended September 30, 1995 and September 30, 
1994, as was depreciation and amortization expense.  Property management fees
tracked the level of rental revenue.  Property operating costs were higher 
for the three and nine months ended September 30, 1995 in comparison to the 
prior year ($7,312 for the quarter and $22,217 for nine months), due to 
higher office maintenance costs. 

   At September 30, 1995, the Parkcenter Building was 69% occupied by eight 
tenants.  The San Marcos property, which is 10% owned the Partnership, was 
100% occupied by one tenant.

    Despite the 70% to 80% occupancy level at the property, it has been 
unable to generate a positive cash flow.  As a result the Partnership's 
General Partner has been paying certain administrative costs of the 
Partnership, i.e., property management fees, legal and accounting costs, 
general and administrative fees, as well as certain leasehold improvement 
costs.  As of September 30, 1995, the amount of cash advanced to the 
Partnership by the General Partner was $150,000.  In addition, the
General Partner and its affiliates have deferred collection of fees and 
expenses totaling $203,982.  The General Partner is pursuing alternative 
solutions to improve the cash flow of the Parkcenter Property and the
Partnership.

<PAGE>                                
                  ASSOCIATED PLANNERS REALTY GROWTH FUND
                    (A California Limited Partnership)


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        FINANCIAL CONDITION AND RESULTS OF OPERATIONS
        (continued)

Liquidity and Capital Resources

   During the quarter ended September 30, 1995, the Partnership's cash 
reserves increased by $13,125 primarily due to the deferral of the mortgage 
payment (see Note 3) due September 1, 1995.  Cash reserves are defined as 
cash balances in checking and money market accounts.

   For the nine months ended September 30, 1995, the change in cash and 
cash equivalents increased by $10,069.  This can be accounted for as follows:

1) $8,260 in cash was used in operating activities.  This was largely the 
result of cash being provided by an increase in accounts payable of $62,016 
as payments of amounts due to third-party vendors and affiliates was 
postponed until later periods.  In addition, Other Assets increased $10,304, 
effectively resulting in an decrease in cash.  This increase was primarily 
the result of a increase in prepaid expense balances, resulting from the 
write-off of amounts (primarily insurance) paid in the last quarter
of 1994.  These increases (decreases) to cash were greatly offset by $69,033 
use of cash resulting from the cash basis net loss for the first nine months 
of the year ($118,830 net loss with $49,797 in depreciation added back).  
Management believes that this increase in cash was unusual, and it expects
that operating activities for the rest of the year will result in a net use 
of cash.

2) $18,329 in cash was provided by financing activities.  This was entirely 
the result of the deferral of a mortgage payments for September  1995 
resulting in an addition to the notes payable balance.

<PAGE>
                  ASSOCIATED PLANNERS REALTY GROWTH FUND
                    (A California Limited Partnership)

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        FINANCIAL CONDITION AND RESULTS OF OPERATIONS
        (continued)

   The Partnership had a net loss of $38,709, or $18.59 per limited 
partnership unit, after depreciation expense of $16,599 for the quarter 
ended September 30, 1995.
     
   The Partnership's small cash reserve is invested primarily in a bank money 
market account. This reserve is invested to provide stability and safety of 
principal, competitive interest rates, and quick availability of funds, in 
that order of importance.  

   Due to the large amount of vacancies and an increase in maintenance and 
repair expenses at the Santa Ana Property, the reserves remained depleted 
during the first nine months of 1995.  In addition, the General Partner has 
made loans to the Partnership and deferred collection of miscellaneous
amounts owed to it by the Partnership.   For this reason, there were no 
distributions made to the limited partners during the first nine months of 
1995.  It is the Partnership's intention to eliminate partner distributions 
until such time as the reserves are built back up to acceptable levels and 
various deferred liabilities due to the Advisor and its affiliates are paid.  
The Partnership's properties are currently operating at a loss on a cash 
basis, though the level of vacancy at the properties has stabilized.  It is 
uncertain at this point how long it will take the Partnership to rebuild 
cash reserves and operate profitably on a cash basis.  The Partnership's 
ability to meet cash requirements in the short-run is dependent upon the 
willingness of the General Partner and its affiliates to defer collection
of amounts due for property management fees and overhead allocations, and 
the stabilization of the tenant base and rental rates at the Santa Ana 
property.  In the long run, the Partnership's cash requirements will be 
further affected by the need to pay off the Deed of Trust that secures the 
Santa Ana property.  This note is due on January 1, 2000, and is projected to
have a balance of approximately $1,500,000 at that time.  A sale or refinance
of the property will of course be necessary prior to that date.  The San 
Marcos property has no debt financing.   In the short-term, the fact that
this property has a quality tenant and operates under a triple net lease, 
allows the Partnership to collect a nominal amount of cash from the 
operations of this Property.  In the long-run, the Partnership expects to 
benefit from the sale of this property when it is sold.  The General Partner
anticipates that the San Marcos property will be sold prior to the year 2000.

   The condition of the properties is relatively good, therefore there are 
no projected capital improvements or unusually large repair costs that would 
severely deplete the cash reserves.  The General Partner believes in the 
long-term the property can generate positive cash flows.  The General
Partner is committed to maintaining the economic viability of the Partnership
and is exploring alternatives to maintaining sufficient operating capital.  
This includes advancing small loans to the Partnership as needed ($5,000 to 
$10,000), soliciting additional Limited Partner contributions to 


<PAGE>
                     ASSOCIATED PLANNERS REALTY GROWTH FUND
                      (A California Limited Partnership)

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        FINANCIAL CONDITION AND RESULTS OF OPERATIONS
        (continued)

pay down the mortgage balance, or obtaining debt relief from the lender.  The
General Partner is a wholly owned subsidiary of Associated Financial Group 
(the "Parent"), which consolidated, as of December 31, 1994, had $6.3 
million in assets, $2.0 million in cash and cash equivalents, and $3.0
million in equity, and had net income of $.3 million for the year ended 
December 31, 1994.  The ability of the General Partner to obtain the cash to 
make these advances is dependent upon the liquidity of the Parent company of 
the General Partner.

   The General Partner is aware that the economic conditions in the area in 
which the Santa Ana property is located are not good.  There have been 
several foreclosures of office buildings in the same general area.  Buildings
have had to compete for a dwindling supply of viable tenants by lowering the
rental rates they are offering, to rates that will allow owners to compete in 
a difficult marketplace, that is considered to have an oversupply of 
available office space.  The General Partner is of the opinion that the 
surplus of office space in the area has deterred new building in the general 
area, and that eventually, given a turnaround in the local economy, the 
demand for office space will improve, driving up market rents, and improving 
the value of the Santa Ana property.  It is the intention of the General 
Partner to sell the Santa Ana property when it is reasonably feasible, given 
the facts that:

 1) The price it could be sold for now would be less than the balance on the 
outstanding mortgage debt on the property, thus giving Partnership incentive 
to substantially lease-up and maintain the property prior to sale,

 2) The debt service on the property is so high that given the long-term 
realities of low inflation in the U.S. economy and long-term economic 
sluggishness in the Southern California economy (due to Orange and Los 
Angeles county fiscal problems, aerospace and defense layoffs, lower personal
income figures, higher than average unemployment, etc.), rents may never 
increase enough in the foreseeable future for this property to generate 
significant enough positive cash flow to maintain the viability of the 
Partnership, and pay certain accrued and accruing expenses due to the General
Partner and Affiliates. 

   As previously discussed, the Partnership has a 10% interest in a building 
in San Marcos, California. In the first quarter of 1995, the building was 
leased to a tenant at a rate 70% of the previous rental rate.  Because the 
Partnership has such a small percentage interest in this property, the 
decrease in rent results in only a $750 per month decrease in cash flow.  
This decrease is not expected to have a material impact on operations.

   The Tax Reform Acts of 1986 and 1987 and the Revenue Reconciliation Acts 
of 1990 and 1993 did not have a material impact on the Partnership's 
operations.  

<PAGE>
                      ASSOCIATED PLANNERS REALTY GROWTH FUND
                        (A California Limited Partnership)

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        FINANCIAL CONDITION AND RESULTS OF OPERATIONS
        (continued)

   During the years of the Partnership's existence, inflationary pressures in
the U.S. economy have been minimal, and this has been consistent with the 
experience of the Partnership in operating rental real estate in California. 
The Partnership has several clauses in its leases with some of its properties
tenants that will help alleviate some of the negative impact of inflation.  
However, as previously alluded to, the lack of inflation is hurting the 
Partnership due to the stagnation of office rental rates.

   The Partnership completed its acquisition program in 1990.  

  There are currently no plans for any material renovation, improvement or 
further development of the properties.

<PAGE>
                     ASSOCIATED PLANNERS REALTY GROWTH FUND
                       (A California Limited Partnership)

  
                                   PART  II


                       O T H E R    I N F O R M A T I O N



ITEM 1. LEGAL PROCEEDINGS

        None


ITEM 2. CHANGES IN SECURITIES

        None


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

        None


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        None


ITEM 5. OTHER INFORMATION

        None


ITEM 6. EXHIBIT AND REPORTS ON FORM 8-K

     (a) Information required under this section has been included in the 
         financial statements.

     (b) Reports on Form 8-K
         None 

<PAGE>
                      ASSOCIATED PLANNERS REALTY GROWTH FUND
                        (A California Limited Partnership)



                               S I G N A T U R E S
     


    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.  



                     ASSOCIATED PLANNERS REALTY GROWTH FUND
                         A California Limited Partnership
                                   (Registrant)




November 14, 1995                  By:  WEST COAST REALTY ADVISORS, INC.
                                            A California Corporation,
                                                 A General Partner



                                        William T. Haas                      
                                        William T. Haas
                      Director and Executive Vice President / Secretary




November 14, 1995                                                     
                                         Michael G. Clark
                                         Michael G. Clark
                                      Vice President / Treasurer