UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                             ----------------------


                                    FORM 10-Q

                             ----------------------




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

                  For the quarterly period ended June 30, 1998

                                       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 No. 33-31810

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                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                        State of Organization: California
                   IRS Employer Identification No. 94-3102632
                201 High Ridge Road, Stamford, Connecticut 06927
                           Telephone - (203) 357-3776



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,  and (2) has been  subject to such filing
requirements for the past 90 days.



                           Yes _X_           No ___




                       This document consists of 11 pages.


<PAGE>

                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

            FORM 10-Q - For the Quarterly Period Ended June 30, 1998




                                      INDEX



Part I.       Financial Information                                         Page

         Item 1.      Financial Statements

              a)  Balance Sheets - June 30, 1998 and
                  December 31, 1997...........................................3

              b)  Statements of Operations - Three and Six Months
                  Ended June 30, 1998 and 1997................................4

              c)  Statements of Changes in Partners' Capital -
                  Year Ended December 31, 1997 and
                  Six Months Ended June 30, 1998..............................5

              d)  Statements of Cash Flows - Six Months
                  Ended June 30, 1998 and 1997................................6

              e)  Notes to Financial Statements...............................7

         Item 2.      Management's Discussion and Analysis of
                      Financial Condition and Results of Operations...........8



Part II.      Other Information

         Item 1.      Legal Proceedings.......................................9

         Item 6.      Exhibits and Reports on Form 8-K........................9

         Signature    .......................................................10


                                       2
<PAGE>



                          Part 1. Financial Information
                          -----------------------------

Item 1.  Financial Statements

                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                                 BALANCE SHEETS
                                   (Unaudited)

                                                         June 30,   December 31,
                                                           1998         1997
                                                           ---          ----

ASSETS:

CASH AND CASH EQUIVALENTS                                $950,349     $978,794
                                                         --------     --------

                                                         $950,349     $978,794
                                                         ========     ========

LIABILITIES AND PARTNERS' CAPITAL:

PAYABLE TO AFFILIATES                                    $ 38,064     $ 29,116

ACCOUNTS PAYABLE AND ACCRUED
   LIABILITIES                                             28,877       21,269
                                                         --------     --------

          Total Liabilities                                66,941       50,385
                                                         --------     --------

PARTNERS' CAPITAL:
   General Partner                                          5,206        5,656
   Limited Partners, 69,418 units
      issued and outstanding                              878,202      922,753
                                                         --------     --------

          Total Partners' Capital                         883,408      928,409
                                                         --------     --------

                                                         $950,349     $978,794
                                                         ========     ========

        The accompanying notes are an integral part of these statements.


                                       3
<PAGE>



                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)



                                   Three Months Ended       Six Months Ended
                                        June 30,                June 30,
                                        --------                --------

                                    1998        1997        1998         1997
                                    ----        ----        ----         ----
REVENUES:
   Rent from operating leases   $     --     $  369,762  $     --     $  804,405
   Interest                         12,950       58,456      26,063      102,577
   Gain on sale of aircraft           --        642,181        --        642,181
                                ----------   ----------  ----------   ----------

           Total Revenues           12,950    1,070,399      26,063    1,549,163
                                ----------   ----------  ----------   ----------

EXPENSES:
   Depreciation and amortization      --           --          --        257,643
   Operating                        10,753         --        30,519         --
   Administration and other         21,944       26,619      40,545       44,237
                                ----------   ----------  ----------   ----------

           Total Expenses           32,697       26,619      71,064      301,880
                                ----------   ----------  ----------   ----------

NET INCOME (LOSS)               $  (19,747)  $1,043,780  $  (45,001)  $1,247,283
                                ==========   ==========  ==========   ==========

NET INCOME (LOSS) ALLOCATED TO
   THE  GENERAL PARTNER         $     (197)  $   22,835  $     (450)  $   45,670
                                ==========   ==========  ==========   ==========

NET INCOME (LOSS) ALLOCATED
   TO LIMITED PARTNERS          $  (19,550)  $1,020,945  $  (44,551)  $1,201,613
                                ==========   ==========  ==========   ==========

NET INCOME (LOSS) PER LIMITED
   PARTNERSHIP UNIT             $    (0.28)  $    14.71  $    (0.64)  $    17.31
                                ==========   ==========  ==========   ==========

        The accompanying notes are an integral part of these statements.


                                       4
<PAGE>




                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
                                   (Unaudited)


                                           Year Ended December 31, 1997 and
                                            Six Months Ended June 30, 1998
                                            ------------------------------

                                        General        Limited
                                        Partner       Partners         Total
                                        -------       --------         -----



Balance, December 31, 1996           $      5,656   $  9,821,575   $  9,827,231

   Net income                             506,934        732,926      1,239,860

   Cash distributions to partners        (506,934)    (9,631,748)   (10,138,682)
                                     ------------   ------------   ------------

Balance, December 31, 1997                  5,656        922,753        928,409

   Net loss                                  (450)       (44,551)       (45,001)
                                     ------------   ------------   ------------

Balance, June 30, 1998               $      5,206   $    878,202   $    883,408
                                     ============   ============   ============


        The accompanying notes are an integral part of these statements.


                                       5
<PAGE>




                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                      Six Months Ended June 30,
                                                      -------------------------

                                                         1998           1997
                                                         ----           ----
OPERATING ACTIVITIES:
   Net income (loss)                                  $   (45,001)  $ 1,247,283
   Adjustments to reconcile net income (loss) to
      net cash provided by operating activities:
      Depreciation and amortization                          --         257,643
      Gain on sale of aircraft                               --        (642,181)
      Changes in operating assets and liabilities:
         Increase in rent receivable                         --         (12,143)
         Increase in other assets                            --          (4,185)
         Increase (decrease) in payable to affiliates       8,948        (2,989)
         Increase in accounts payable and accrued
           liabilities                                      7,608       222,898
         Decrease in security deposits                       --         (75,000)
                                                      -----------   -----------

              Net cash provided by (used in)
                operating activities                      (28,445)      991,326
                                                      -----------   -----------

INVESTING ACTIVITIES:
   Proceeds from sale of aircraft                            --       3,200,000
   Payments to Purchaser related to sale of
     aircraft                                                --        (369,762)
                                                      -----------   -----------

              Net cash provided by investing
                activities                                   --       2,830,238
                                                      -----------   -----------

FINANCING ACTIVITIES:
   Cash distributions to partners                            --        (913,395)
                                                      -----------   -----------

              Net cash used in financing activities          --        (913,395)
                                                      -----------   -----------

CHANGES IN CASH AND CASH
   EQUIVALENTS                                            (28,445)    2,908,169

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                                    978,794     3,566,009
                                                      -----------   -----------

CASH AND CASH EQUIVALENTS AT
   END OF PERIOD                                      $   950,349   $ 6,474,178
                                                      ===========   ===========

        The accompanying notes are an integral part of these statements.


                                       6
<PAGE>

                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)



1.       Accounting Principles and Policies

In the opinion of management,  the financial statements presented herein include
all  adjustments,  consisting  only of  normal  recurring  items,  necessary  to
summarize fairly Polaris Aircraft Income Fund VI's (the Partnership's) financial
position and results of operations.  The financial statements have been prepared
in accordance with the  instructions  of the Quarterly  Report to the Securities
and  Exchange  Commission  (SEC)  Form  10-Q  and  do  not  include  all  of the
information  and note  disclosures  required by  generally  accepted  accounting
principles  (GAAP).  These  statements  should be read in  conjunction  with the
financial  statements  and notes thereto for the years ended  December 31, 1997,
1996 and 1995,  included in the  Partnership's  1997 Annual Report to the SEC on
Form 10-K (Form 10-K).


2.       Related Parties

Under the Limited Partnership  Agreement,  the Partnership paid or agreed to pay
the following  amounts for the current quarter to the general  partner,  Polaris
Investment  Management  Corporation,  in connection  with  services  rendered or
payments made on behalf of the Partnership:

                                                 Payments for
                                              Three Months Ended    Payable at
                                                 June 30, 1998     June 30, 1998
                                                 -------------     -------------
Out-of-Pocket Administrative and
    Operating Expense Reimbursements                 $34,819          $38,064


3.       Partners' Capital

The Partnership  Agreement (the Agreement) stipulates different methods by which
revenue,  income  and  loss  from  operations  and  gain or loss on the  sale of
aircraft are to be allocated  to the general  partner and the limited  partners.
Such  allocations are made using income or loss  calculated  under GAAP for book
purposes, which varies from income or loss calculated for tax purposes.

Cash  available  for  distributions,  including  the  proceeds  from the sale of
aircraft,  is  distributed  10% to the  general  partner  and 90% to the limited
partners.

The different methods of allocating items of income, loss and cash available for
distribution  combined with the calculation of items of income and loss for book
and  tax  purposes  result  in  book  basis  capital   accounts  that  may  vary
significantly  from tax basis capital  accounts.  The ultimate  liquidation  and
distribution  of remaining cash will be based on the tax basis capital  accounts
following liquidation, in accordance with the Agreement.


                                       7
<PAGE>



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

As discussed below under "Liquidity and Cash Distributions,"  Polaris Investment
Management  Corporation,  (PIMC or the  General  Partner),  is in the process of
winding up the business of Polaris  Aircraft  Income Fund VI (the  Partnership).
During 1997, the Partnership sold its remaining  portfolio of 2 used aircraft to
Triton Aviation Services VI LLC (Triton).


Partnership Operations

The Partnership recorded a net loss of $19,747, or $0.28 per limited partnership
unit for the  three  months  ended  June 30,  1998,  compared  to net  income of
$1,043,780,  or $14.71 per limited  partnership unit, for the three months ended
June 30,  1997.  The  Partnership  recorded a net loss of $45,001,  or $0.64 per
limited partnership unit for the six months ended June 30, 1998, compared to net
income of $1,247,283, or $17.31 per limited partnership unit, for the six months
ended June 30, 1997.  Current year  operating  results  declined  substantially,
compared  to the  same  periods  in 1997,  due to the sale of the  Partnership's
remaining aircraft in 1997, as discussed above.

Operating expenses increased during the three and six months ended June 30, 1998
as  compared to the same  period in 1997,  due to an increase in legal  expenses
related to the sale of the remaining aircraft.


Liquidity and Cash Distributions

Liquidity - As previously discussed, the Partnership sold its remaining aircraft
during 1997. Polaris Investment Management Corporation, the general partner, has
determined that the  Partnership  maintain cash reserves as a prudent measure to
ensure  that  the  Partnership  has  available   sufficient   funds  to  satisfy
anticipated  contingencies  and  expenses  in  connection  with  winding  up its
business.

Cash  Distributions  - The  Partnership  is now in the process of winding up its
business. With the exception of reserves maintained for anticipated expenses and
costs of winding  up, the  Partnership  distributed  all of its  available  cash
during 1997.  Consequently,  the timing and amount of future cash distributions,
if any,  are not yet  known  and will  depend  upon  whether  the  Partnership's
reserves exceed its actual expenses and  contingencies  in winding up and on the
time required to complete the winding up process.


                                       8
<PAGE>



                           Part II. Other Information
                           --------------------------


Item 1.    Legal Proceedings

As  discussed  in Item 3 of Part I of  Polaris  Aircraft  Income  Fund VI's (the
Partnership) 1997 Annual Report to the Securities and Exchange  Commission (SEC)
on Form 10-K (Form 10-K) and in Item 1 of Part II of the Partnership's Quarterly
Report to the SEC on Form 10-Q (Form 10-Q) for the period  ended March 31, 1998,
there are a number  of  pending  legal  actions  or  proceedings  involving  the
Partnership. Except as described below, there have been no material developments
with respect to any such  actions or  proceedings  during the period  covered by
this report.

Ron Wallace v. Polaris Investment Management Corporation,  et al. - On April 23,
1998, the Court  consolidated for discovery purposes this action with the action
entitled  "Accelerated"  High  Yield  Income  Fund II,  Ltd.,  L.P.  v.  Polaris
Investment Management Corporation, et. al. On July 9, 1998, the Court denied the
defendants'  demurrer to dismiss the plaintiffs'  second amended  complaint.  On
July 28, 1998, defendants filed an answer to the second amended complaint.

Other Proceedings - Item 10 in Part III of the Partnership's  1997 Form 10-K and
Item 1 in Part II of the Partnership's  Form 10-Q for the period ended March 31,
1998 discuss certain  actions which have been filed against  Polaris  Investment
Management  Corporation  and others in connection  with the sale of interests in
the Partnership and the management of the Partnership.  The Partnership is not a
party to these actions. There have been no material developments with respect to
any of the actions described therein during the period covered by this report.


Item 6.    Exhibits and Reports on Form 8-K


a)       Exhibits (numbered in accordance with Item 601 of Regulation S-K)

         27. Financial Data Schedule (in electronic format only).

b)       Reports on Form 8-K

         No reports on Form 8-K were filed by the Registrant  during the quarter
         for which this report is filed.


                                       9
<PAGE>

                                    SIGNATURE



Pursuant to the  requirements of section 13 or 15(d) 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.

                                   POLARIS AIRCRAFT INCOME FUND VI,
                                   A California Limited Partnership
                                   (Registrant)
                                   By: Polaris Investment
                                       Management Corporation,
                                       General Partner




     August 12, 1998                   By: /S/Marc A. Meiches
-------------------------                  ---------------------
                                           Marc A. Meiches
                                           Chief Financial Officer
                                           (principal financial officer and
                                           principal accounting officer of
                                           Polaris Investment Management
                                           Corporation, General Partner of
                                           the Registrant)









                                       10