SECURITIES AND EXCHANGE COMMISSION

                    WASHINGTON, D.C.  20549
                        
                           FORM 8

               Amendment to Application or Report
          Filed Pursuant to Section 12, 13 or 15(d) of
               The Securities Exchange Act of 1934

              TRIUMPHE LEASING LIMITED PARTNERSHIP
         (Exact name of registrant as specified in charter)

                        Amendment No. 1

     The undersigned registrant hereby amends the following
items, financial statements, exhibits or other portions of its 
Quarterly Report for June 30, 1996 on Form 10-QSB as set forth in
the pages attached hereto:

     Exhibit 27   Financial Data Schedule for the 2nd Qtr 10-QSB

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


                      TRIUMPHE LEASING LIMITED PARTNERSHIP        
                                (Registrant)      

                      By:  TL GENERAL CORP., 
                           Its: General Partner



  Date  October 3, 1996        By: /s/ Gerald A. Horwitz          
                                  ------------------------------
                                  Gerald A. Horwitz, President
                                  of the Corprate General Partner
                                  (Principal Executive Officer) 




  Date  October 3, 1996        By: /s/ Jerry L. Schwartz         
                                  ------------------------------
                                  Jerry L. Schwartz, 
                                  Vice President, 
                                  Secretary and Treasurer of the
                                  Corporate General Partner
                                  (Principal Financial and 
                                  Accounting Officer) 


  Date  October 3, 1996       By: /s/ Gerald A. Horwitz           
                                 -------------------------------
                                   Gerald A. Horwitz 
                                   Its: General Partner
 
<PAGE>
               SECURITIES AND EXCHANGE COMMISSION

                    WASHINGTON, D.C.  20549


                         FORM 10-QSB


     [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
         THE SECURITIES EXCHANGE OF 1934                    
     
     For the quarterly period ended     June 30, 1996
                                                               
     [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)       
          OF THE EXCHANGE ACT.

     For the transition period from ____________to ____________
     
     Commission File Number:   0-19074                           
                            
     TRIUMPHE LEASING LIMITED PARTNERSHIP                
     (Exact name of small business issuer
      as specified in its charter)

     Illinois                            36-3673459            
     (State or other jurisdiction of     (I.R.S. Employer
     incorporation or organization)      Identification No.)
     
     630 Dundee Road, Suite 345, Northbrook, Illinois 60062       
     (Address of principal executive offices)        

     847-509-1500                       
     (Issuer's telephone number, including area code)
     
     _______________________________________________________
     (Former name, former address and former fiscal year, if 
     changed since last report) 

     Check whether the issuer: (1) filed all reports required to  
     be filed by Sections 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.
     
                                            [X]Yes     [ ]No
 
                                                     Page 1 of 14

<PAGE>
<TABLE>

                                PART I
                        FINANCIAL INFORMATION

                    ITEM 1.   FINANCIAL STATEMENTS
                                         
                  TRIUMPHE LEASING LIMITED PARTNERSHIP
                           BALANCE SHEETS
<CAPTION>
                               June 30, 1996    December 31, 1995
                               -------------    -----------------
                                (Unaudited)         
<S>                              <C>                <C>
ASSETS

CURRENT ASSETS:
  Cash and cash equivalents      $   10,871         $   17,883
  Net investment in direct 
    financing leases                139,743            126,621
                                  ----------         ----------
     TOTAL CURRENT ASSETS           150,614            144,504
                                  ----------         ----------

COMPUTER EQUIPMENT ON OPERATING LEASES
  less accumulated depreciation of
  $256,885 and $198,351              64,839            134,126
                                  ----------         ----------
                                            
OTHER:
  Net investment in direct  
      financing leases               15,437             88,751
                                  ----------         ----------  
     TOTAL OTHER ASSETS              15,437             88,751
                                  ----------         ----------
                              
                                 $  230,890         $  367,381
                                  ==========         ==========

<FN>                                                              
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                    Page 2 of 14
<PAGE>
<TABLE>

                               PART I
                        FINANCIAL INFORMATION

              ITEM 1.  FINANCIAL STATEMENTS - CONTINUED
                        
                 TRIUMPHE LEASING LIMITED PARTNERSHIP             
                            BALANCE SHEETS
<CAPTION>
                               June 30, 1996    December 31, 1995
                               -------------    -----------------
                                (Unaudited)         
<S>                              <C>                 <C>
LIABILITIES AND PARTNERS' EQUITY

CURRENT LIABILITIES:
    Accounts payable             $    7,052          $   8,033
    Current maturities of long-
      term debt                     191,345            183,403
    Other liabilities                10,163             13,010 
                                  ----------          ---------
      TOTAL CURRENT LIABILITES      208,560            204,446
                                  ----------          ---------  

LONG TERM DEBT, 
    less current maturities          24,383            122,083
                                  ----------         ----------  
    TOTAL LIABILITIES               232,943            326,529
                                  ----------         ----------
PARTNERS' EQUITY:    
    General Partners                     80                509
    Limited Partners                 (2,133)            40,343
                                  ----------         ----------  
       TOTAL PARTNERS' EQUITY        (2,053)            40,852  
                                  ----------         ----------  
                               
                                 $  230,890         $  367,381
                                  ==========         ==========

<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                                  
                                                    Page 3 of 14 
<PAGE>  
<TABLE>                                  
                    TRIUMPHE LEASING LIMITED PARTNERSHIP
                          STATEMENTS OF OPERATIONS                

<CAPTION>
                                    Six Months        Six Months 
                                      Ended             Ended     
                                  June 30, 1996     June 30, 1995 
                                  -------------     ------------- 
                                   (Unaudited)       (Unaudited)
<S>                                 <C>               <C>
REVENUES:
  Lease Income                      $ 106,629         $ 111,312
  Loss on sale of equipment            (2,326)          (34,492)
                                      --------         ---------  
TOTAL REVENUES                        104,303            76,820 
                                      --------         ---------
OPERATING EXPENSES:
  Interest                             11,538            26,890
  Depreciation & Amortization          66,961           121,200
  Remarketing Commissions Paid 
    to Outside Lease Brokers             -                5,781  
  Administrative                        9,979            39,033
                                      --------         ---------
  TOTAL OPERATING EXPENSES             88,478           192,904 
                                      --------         ---------
 
NET INCOME (LOSS)                   $  15,825         $(116,084)
                                      ========         =========  

NET (LOSS) ALLOCATED TO 
  General partners                  $     158         $  (1,161) 
  Limited partners                     15,667          (114,923)
                                      --------         --------- 
                                    $  15,825         $(116,084)  
                                      ========         =========
 
WEIGHTED AVERAGE UNITS OUTSTANDING
   DURING THE PERIOD:
   General Partners                     1.4680            1.4680
   Limited Partners                   145.3480          145.3480

(LOSS) PER WEIGHTED AVERAGE UNIT:
   General Partners                      $108            $(791)   
   Limited Partners                      $108            $(791)

<FN>        
See accompanying notes to financial statements (Unaudited)
</TABLE>        
                                                     Page 4 of 14
<PAGE>
<TABLE>
                    TRIUMPHE LEASING LIMITED PARTNERSHIP
                          STATEMENTS OF OPERATIONS                

<CAPTION>
                                   Three Months      Three Months 
                                      Ended             Ended     
                                  June 30, 1996     June 30, 1995 
                                  -------------     ------------- 
                                   (Unaudited)       (Unaudited)
<S>                                  <C>              <C>
REVENUES:
  Lease Income                       $ 51,438         $  52,383
  Loss on sale of equipment            (2,326)           (8,228)
                                      --------          --------  
TOTAL REVENUES                         49,112            44,155 
                                      --------          --------
OPERATING EXPENSES:
  Interest                              5,293            15,785
  Depreciation & Amortization          33,480            54,830
  Remarketing Commissions Paid 
    to Outside Lease Brokers             -                2,819  
  Administrative                       (4,120)           13,528
                                      --------          --------
  TOTAL OPERATING EXPENSES             34,653            86,962 
                                      --------          --------
 
NET INCOME (LOSS)                   $  14,459         $ (42,807)
                                      ========          ========  

NET (LOSS) ALLOCATED TO 
  General partners                        145              (428) 
  Limited partners                     14,314           (42,379)
                                      --------          -------- 
                                       14,459           (42,807)  
                                      ========          ========
 
WEIGHTED AVERAGE UNITS OUTSTANDING
   DURING THE PERIOD:
   General Partners                     1.4680            1.4680
   Limited Partners                   145.3480          145.3480

(LOSS) PER WEIGHTED AVERAGE UNIT:
   General Partners                      $ 98              $(292) 
   Limited Partners                      $ 98              $(292)

        

<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>        
                                                     Page 5 of 14
<PAGE>
<TABLE>
       
                   TRIUMPHE LEASING LIMITED PARTNERSHIP
                      STATEMENT OF PARTNERS' EQUITY
                       
                      Six Months Ended June 30, 1996
                               (Unaudited)

<CAPTION>                                                         
       
                                         GENERAL         LIMITED
                           TOTAL         PARTNERS        PARTNERS
<S>                      <C>           <C>            <C>
PARTNERS' EQUITY
  Beginning of period    $  40,640     $     509      $   40,343

DISTRIBUTIONS              (58,730)         (587)        (58,143)
NET INCOME                  15,825           158          15,667
                          ---------      --------       ---------
PARTNERS' EQUITY
  End of period          $ 199,968      $     80      $   (2,133)
                          =========      ========      ==========

<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                    Page 6 of 14
<PAGE>
<TABLE>
                   TRIUMPHE LEASING LIMITED PARTNERSHIP 
                        STATEMENTS OF CASH FLOWS 
<CAPTION>
                                      Six Months     Six Months 
                                         Ended          Ended 
                                     June 30, 1996  June 30, 1995
                                     -------------  -------------
                                      (Unaudited)    (Unaudited)
<S>                                    <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES: 
  Net loss                             $   15,825      $(116,084)
  Adjustments to reconcile net loss to net  
   cash provided by operating activities: 
  Depreciation & Amortization              66,961        121,200
  Loss on sale of equipment under lease     2,326         34,492
  Amortization of unearned income         (17,676)       (27,918)
  Changes in assets and liabilities:
     Increase in prepaid expense              201           (497)
     Increase in accounts payable            (981)        21,380
     (Decrease) in other liabilities       (3,048)        (5,854)
                                          --------      ---------
      Net cash provided by (used in)       63,608         26,719
      operating activities                --------      ---------

CASH FLOWS FROM INVESTING ACTIVITIES: 
  Principal payments received 
  under direct financing leases            77,868        164,378 
  Proceeds from sale of equipment 
  under lease                                -            35,295 
                                          --------      ---------
      Net cash provided by                116,955        199,673  
      investing activities                --------      ---------

CASH FLOWS FROM FINANCING ACTIVITIES: 
  Distributions to partners               (58,730)       (88,089)
  Proceeds from issuance of debt             -           308,593
  Principal payments of 
  nonrecourse debt                        (89,758)      (447,051)
                                         ---------      --------- 
      Net cash (used in)                 (148,488)      (226,547)
      financing activities               ---------      ---------

NET (DECREASE) IN CASH AND EQUIVALENTS:    (7,012)          (155)
CASH AND EQUIVALENTS, 
  at the beginning of the period           17,883         21,920
                                         ---------       --------
CASH AND EQUIVALENTS,
  at the end of the period               $ 10,871      $  21,765  
                                          ========       ========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid during the period 
    for interest                       $   11,538      $  26,890
<FN>
See accompanying notes to financial statements (Unaudited)        
</TABLE>
                                                     Page 7 of 14
<PAGE>
<TABLE>
                   TRIUMPHE LEASING LIMITED PARTNERSHIP 
                        STATEMENTS OF CASH FLOWS 
<CAPTION>
                                     Three Months   Three Months  
                                         Ended          Ended
                                     June 30, 1996  June 30, 1995
                                     -------------  -------------
                                      (Unaudited)    (Unaudited)
<S>                                   <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES: 
  Net loss                            $   14,459       $ (33,135)
  Adjustments to reconcile net loss to net  
   cash provided by operating activities: 
  Depreciation & Amortization             33,480          54,830
  Loss on sale of equipment under lease    2,326          (1,445)
  Amortization of unearned income         (8,096)        (13,593)
   Changes in assets and liabilities:
     Increase in prepaid expense             548             542
     Increase in accounts payable         (7,818)          4,041
     (Decrease) in other liabilities      (4,765)          2,817
                                         --------        --------
      Net cash provided by (used in)      30,134          14,057
      operating activities               --------        --------

CASH FLOWS FROM INVESTING ACTIVITIES: 
  Principal payments received 
  under direct financing leases           38,934          81,188 
  Proceeds from sale of equipment 
  under lease                               -              1,530 
                                         --------        --------
      Net cash provided by                38,934          82,718  
      investing activities               --------        --------

CASH FLOWS FROM FINANCING ACTIVITIES: 
  Distributions to partners              (29,365)        (29,366)
  Proceeds from issuance of debt            -            308,593
  Principal payments of 
  nonrecourse debt                       (45,355)       (363,252)
                                        ---------       --------- 
      Net cash (used in)                 (74,720)        (84,025)
      financing activities              ---------       ---------

NET (DECREASE) INCREASE IN CASH 
    AND EQUIVALENTS:                      (5,652)         12,750
CASH AND EQUIVALENTS, 
  at the beginning of the period          16,523           9,015
                                        ---------        --------
CASH AND EQUIVALENTS,
  at the end of the period             $  10,015       $  21,765  
                                        =========       =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid during the period 
    for interest                      $    5,293          15,785
<FN>
See accompanying notes to financial statements (Unaudited)        
</TABLE>
                                                     Page 8 of 14 
<PAGE>

                    TRIUMPHE LEASING LIMITED PARTNERSHIP
                       NOTES TO FINANCIAL STATEMENTS 
                
NOTE 1 - FINANCIAL INFORMATION
     
    The financial information included herein at June 30, 1996   
and the three and six months ended June 30, 1996, and June 30,
1995, is unaudited, and in the opinion of the partnership,
reflects all adjustments (which include only normal recurring
adjustments) necessary for the fair presentation of the financial
position as of that date and the results of operation for those
periods.

    The results for interim periods are not necessarily
indicative of trends or of results to be expected for a full
year.


NOTE 2 - ORGANIZATION 

    The partnership was formed on November 9, 1989, under the
Revised Uniform Limited Partnership Act of the State of Illinois. 
The partnership's business is to acquire, own, lease, maintain,
manage and sell equipment.  The quarter ended June 30, 1996 was
the twenty-sixth quarter of operations.


NOTE 3 - DESCRIPTION OF LEASING ARRANGEMENTS
     
    The partnership's leasing operations consist principally of
leased equipment which it has acquired from third party
independent lease brokers.  It is the partnership's intention to
re-lease such equipment to the existing lessee, lease such
equipment to a new lessee, or to sell the equipment at the end of
each lease.  The leases expire over the next three years.  The
cost of each lease includes an equity investment plus any non-
recourse loans obtained to finance the purchase. 

      
NOTE 4 - EQUIPMENT 
       
    Equipment is recorded at cost.  Depreciation is computed
using the double declining balance method over the estimated
useful lives of the assets (five years).

                                                Page 9 of 14
<PAGE>

                 TRIUMPHE LEASING LIMITED PARTNERSHIP             
                     NOTES TO FINANCIAL STATEMENTS

NOTE 5 - NET INVESTMENT IN LEASES 


     The following lists the components of the net 
investment in leases as of June 30, 1996: 

Total minimum lease payments to be received         $    168,714

Estimated residual values of leased property               2,500

Less: Unearned income                                    (16,034) 
                                                       ---------- 
Net investment in leases                            $    155,180  
                                                       ========== 


      At June 30, 1996, minimum lease payments for direct
financing and operating leases for each of the three succeeding
calendar years are as follows: 
                                           
                YEAR                       AMOUNT             

                1996                    $ 278,029             
                1997                      149,928             

                                                    Page 10 of 14
<PAGE>

PART 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The partnership commenced the offering of units and began
operations on February 26, 1990, and commenced the acquisition of
equipment in April of 1990.  As of February 26, 1992 the
partnership ceased the sale of Investor Limited Partner Units.  A
total of $2,906,960 in units has been sold through February 26,
1992.  At June 30, 1996 the partnership had acquired $16,685,020
of leased equipment with an equity investment of $2,452,449 and
non-recourse bank borrowing of $14,232,571.

OPERATIONS
Revenues from leasing decreased to $106,629 for the first two
quarters of the fiscal year ending December 31, 1996 ("fiscal
1996") from $111,312 for the first two quarters of the fiscal
year ended December 31, 1995 ("fiscal 1995").  The decrease in
revenues from the first two quarters of fiscal 1995 to the first
two quarters of fiscal 1996 was primarily due to the reduction in
the amount of equipment under lease.  And in addition, there was
a loss on the sale of equipment of $34,492 for the six months
ended June 30, 1995, compared to $2,326 for the six months ended
June 30, 1996.
                                                     
Operating expenses decreased to $88,478 for the first two 
quarters of fiscal 1996 from $192,904 for the first two quarters
of fiscal 1995.  Operating expenses consist of interest on 
nonrecourse financing of equipment purchased, depreciation on 
equipment, amortization of organization expenses, administrative
expenses, and payments to a related party for administrative cost
reimbursements.  The decrease in operating expenses from the
first two quarters of fiscal 1995 to the first two quarters of
fiscal 1996 resulted primarily from the reduction of equipment on
lease.

The partnership expects continued decreases in operating revenues
due to the expiration of leases.  Thus, since the partnership
does not plan to invest in additional equipment, future results
will be based on the collection of rents on existing and extended
leases, disposition of equipment from expired leases, and
interest earned on short-term money market investments.

LIQUIDITY AND CAPITAL RESOURCES
Liquid assets of the partnership increase principally from cash
flows from operations.  Cash and cash equivalents of the
partnership at June 30, 1996 include undistributed cash
available from operations during the period February 26, 1990 to
June 30, 1996.  

The partnership has a program which provides for the temporary
investment of cash in various short-term money market instruments
pending disbursement for operations or distributions to partners. 
                                                 
                                                Page 11 of 14
<PAGE>

                     PART 2  (CONTINUED)

The partnership generally financed the purchase of equipment by
the use of loans in an amount in excess of 50% of the purchase
price thereof.  All of the loans incurred were non-recourse to
the partnership and were or will be fully amortized by the
monthly rental payments due to the partnership under related
leases.

The partnership maintains, to the extent practicable, a working
capital and contingency reserve in an amount not to exceed 1% 
of the gross proceeds from the offering of Units, subject to 
business and distribution requirements.  Such amount, together 
with any amount reserved from operations, will be available 
to meet working capital requirements and to provide for 
contingencies.  

                                                Page 12 of 14
<PAGE>

                 TRIUMPHE LEASING LIMITED PARTNERSHIP
                      PART 2 - OTHER INFORMATION 



NONE
                                                 Page 13 of 14
<PAGE>
                        SIGNATURES 
        
  In accordance with the requirements of the Exchange Act,
  the Registrant has caused this report to be signed on 
  its behalf by the undersigned, thereunto duly authorized. 


                      TRIUMPHE LEASING LIMITED PARTNERSHIP        
     
                      By:  TL GENERAL CORP., 
                           Its: General Partner



  Date  August 13, 1996        By: /s/ Gerald A. Horwitz          
                                  ------------------------------
                                  Gerald A. Horwitz, President
                                  of the Corprate General Partner
                                  (Principal Executive Officer) 




  Date  August 13, 1996        By: /s/ Jerry L. Schwartz         
                                  ------------------------------
                                  Jerry L. Schwartz, 
                                  Vice President, 
                                  Secretary and Treasurer of the
                                  Corporate General Partner
                                  (Principal Financial and 
                                  Accounting Officer) 


  Date  August 13, 1996       By: /s/ Gerald A. Horwitz           
                                 -------------------------------
                                   Gerald A. Horwitz 
                                   Its: General Partner

                                               Page 14 of 14