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

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
    For the fiscal year ended December 31, 1996. Commission File No. 2-77330


                           PROPERTY RESOURCES FUND VI
             (Exact Name of Registrant as Specified in its Charter)

California                           942838890
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(State or other jurisdiction or      (I.R.S. Employer Identification
incorporation or organization)       number)

P.O. Box 7777,                       (415) 312-5824
San Mateo, CA 94403-7777
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(Address of principal and            Registrant's telephone number,
executive Office)                    including Area Code


Securities registered pursuant to Section 12(b) of Act:*

Title of each class

Limited Partnership Interests
-------------------------------------

Securities registered pursuant to Section 12(g) of the Act:


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 12 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

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (Sec. 229.405 of this chapter) is not contained herein, and
will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by referenced in Part III of this
Form 10-K or any amendment to this Form 10-K. X

No market for the shares currently exists and therefore a market value for the
Units cannot be determined.

Limited Partnership Units outstanding at March 21, 1996:  21,585

Documents Incorporated by Reference: Portions of the Prospectus of Property
Resources Fund VI dated July 12, 1982 (in Part III, Item 13) as filed with the
Securities and Exchange Commission pursuant to Rule 424(b).







                                    PART 1
Item 1. BUSINESS

PROPERTY RESOURCES FUND VI (hereinafter referred to either as the "Partnership"
or the "Registrant") is a limited partnership formed in May, 1982 under the
Uniform Limited Partnership Act of the State of California. The General Partner
is Property Resources, Inc., a California corporation, (the "General Partner")
located at 1800 Gateway Drive, San Mateo, California 94404.

The Partnership was organized for the purpose of acquiring, improving,
developing, operating and holding for investment, income-producing real
properties from unaffiliated sellers. The Partnership intended to dispose of its
properties approximately five to eight years after their acquisition and
thereupon liquidate the Partnership. However, depressed real estate markets in
the areas where the Partnership's properties are located have required the
Partnership to extend its holding period in an effort to improve the opportunity
of recovering some of the loss in value of the portfolio. There is no assurance
that the Partnership will be successful in this regard.

As of December 31, 1996, the Partnership had acquired an interest in five real
estate assets located in Houston, Texas; San Antonio, Texas; Oklahoma City,
Oklahoma; Salt Lake City, Utah; and Campbell, California; as more particularly
described in Item 2. Properties. The Partnership later sold the properties
located in Salt Lake City, Utah; Campbell, California and San Antonio, Texas.

The real estate business is competitive, and the Partnership is in competition
with many other entities engaged in real estate investment activities, some of
which have greater assets than the Partnership.

The Partnership will be subject to the risks generally associated with the
ownership of real property, including the possibility that operating expenses
and fixed costs may exceed property revenues; economic conditions may adversely
change further in the markets where the Partnership owns property and the
national market; the real estate investment climate may change; local market
conditions may change adversely due to general or local economic conditions and
neighborhood characteristics; interest rates may fluctuate and the availability,
costs and terms of mortgage financing may change; unanticipated maintenance and
renovations may arise, particularly in older structures; changes in real estate
tax rates and other operating expenses may arise; governmental rules and fiscal
policies may change; natural disasters, including earthquakes,




Item 1. BUSINESS (Continued)

floods or tornadoes may result in uninsured losses; the financial condition of
the tenants of properties may deteriorate; and other factors which are beyond
the control of the Partnership may occur. The Partnership's real estate
investments in rental properties will be subject to the risk of the
Partnership's inability to attract or retain tenants and a consequent decline in
rental income.

While one of the Partnership's objectives is to generate cash flow, there can be
no guarantee that the properties will generate sufficient revenue to cover
operating expenses and meet any required payments on any debt obligations of the
Partnership.

The opportunities for sale, and the profitability of any sale, of any particular
property by the Partnership will be subject to the risk of adverse changes in
real estate market conditions, which may vary depending upon the size, location
and type of each property.

There may be shortages or increased costs of fuel, natural gas, water, or
electric power, or allocations thereof by suppliers or governmental regulatory
bodies in areas where the Partnership owns properties. In the event of such
shortages, price increases or allocations may occur, and the operation of such
properties may be adversely affected. It is also possible that legislation on
the state or local level may be enacted which may include some form of rent
control or changes in property tax assessments. There may be changes to federal,
state or local regulations enacted relating to the protection of the
environment.

The Partnership is unable to predict the extent, if any, to which such
shortages, increased prices, legislation, regulations or allocations might occur
and the degree to which the occurrence of such events might adversely affect the
properties owned by the Partnership.

Under various federal, state and local laws, ordinances and regulations, an
owner or operator of real property may become liable for the costs of removal or
remediation of certain hazardous substances released on or in its property. Such
laws often impose such liability without regard to whether the owner or operator
knew of, or was responsible for, the release of such hazardous substances, the
presence of such substances, or the failure to properly remediate such
substances, when released. As part of the investigation of properties prior to
acquisition, the Company typically has obtained inspection reports concerning
the condition of the




Item 1. BUSINESS (Continued)

property, including specialized environmental inspection reports concerning the
presence of hazardous substances on the property. The Company intends to
continue this practice. Such inspection reports, however, do not necessarily
reveal all hazardous substances or sources thereof, and substances not
considered hazardous when a property is acquired may subsequently be classified
as such by amendments to local, state, and federal laws, ordinances, and
regulations. If it is ever determined that hazardous substances on or in a
Company property must be removed or the release of such substances remediated,
the Company could be required to pay all costs of any necessary cleanup work,
although under certain circumstances, claims against other responsible parties
could be made by the Company. The Company could also experience lost revenues
during any such cleanup, or lower lease rates, decreased occupancy or difficulty
selling or borrowing against the affected property either prior to or following
any such cleanup. The Company is not aware of any hazardous substances on or in
its properties and it has not been notified by any governmental authority of any
noncompliance, liability or other claim in connection with the environmental
condition of any of its properties.

The Americans with Disabilities Act ("ADA"), which generally requires that
buildings be made accessible to people with disabilities, and has separate
compliance requirements for "public accommodations" and "commercial facilities".
If certain uses by tenants of a building constitute a "public accommodation",
the ADA imposes liability for non-compliance on both the tenant and the
owner/operator of the building. The Company has conducted inspections of its
properties to determine whether the exterior and common area of such properties
are in compliance with the ADA and it believes that its properties are in
compliance. If, however, it were ever determined that one or more of the
Company's properties were not in compliance, the Company may be subjected to
unanticipated expenditures incurred to remove access barriers, or to pay fines
or damages related to such non-compliance.

The Company's only business consists of the real estate investment activity
described above. Therefore, information about industry segments is not
applicable. The business is not seasonal.





Item 2. PROPERTIES

During its investment phase, the Partnership acquired four existing rental
properties and completed construction of a fifth property. The property
acquisitions were as follows: Clearlake Village Apartments (formerly Village
South) in August, 1982; Waterbury Plaza office complex in December, 1982; Space
Savers One and Space Savers Three mini-warehouses in April, 1983; and 1600 Dell
Avenue office/warehouse in December, 1983. In July, 1984, the Partnership
completed construction of a 244-unit apartment complex known as Grouse Run
Apartments in Oklahoma City, Oklahoma. The investment phase of the Partnership
is complete and the Partnership does not intend to purchase additional
properties. On June 26, 1990, the Waterbury Plaza office complex was lost to
foreclosure. On November 16, 1988, 1600 Dell Avenue was sold. On June 6, 1994,
Space Savers One and Space Savers Three mini-warehouses were sold, but continued
to be operated by the Company for one year after the sale per the terms of a
lease-back agreement.

The properties are managed by Continental Property Management Co. ("CPMC"), an
affiliate of the General Partner, which performs the leasing and management
related services for the properties.

The buildings and the land upon which the buildings are located are owned
directly by the Partnership in fee. Clearlake Village Apartments and Grouse Run
Apartments are subject to mortgages as more fully described in the notes to the
financial statements included in Item 8. In the opinion of management, the level
of insurance coverage is adequate for each property and within industry
standards.

CLEARLAKE VILLAGE APARTMENTS

The Clearlake Village Apartments are located in the Clearlake City area of
Houston, Harris County, Texas. The apartment complex was completed in 1976.
Situated on a 5-acre site, the complex consists of 174 garden style apartments
in 14 buildings. Apartment units include 24 two-bedroom, two-bath units of 850
square feet; 40 two-bedroom, one-bath units of 800 square feet; 70 one-bedroom,
one-bath units of 670 square feet; and 40 efficiency units of 507 square feet.
The property's total net rentable area is 119,580 square feet. As of December
31, 1996, monthly rental rates ranged from $345 to $580 and the occupancy was
91%. Amenities for residents include a 4,000 square foot clubhouse/exercise
room, as well as a swimming pool, laundry, and storage facilities. On August 14,
1996, the promissory note payable to Franklin Resources, Inc., the parent of the
General Partner, which was collateralized by Clearlake Village Apartments,




Item 2. PROPERTIES (Continued)

CLEARLAKE VILLAGE APARTMENTS (continued)

was paid off with the proceeds of a new loan, which is also collateralized by
the Clearlake Village Apartments. The new loan is from an unaffiliated party,
carries interest at 8.875% and matures in 2006.

GROUSE RUN APARTMENTS

On August 19, 1983, the Partnership entered into various agreements with
Robertson Homes ("RH") a division of the Catwil Corporation. The agreements
included a purchase/sale agreement, construction management agreement and an
operating management agreement. Pursuant to these agreements, the Partnership
acquired a 10-acre site in northwest Oklahoma City and began construction of the
Grouse Run Apartments. The construction was completed in phases by RH pursuant
to a fixed-price agreement with final completion occurring in July, 1984. The
project consists of 31 two-story buildings with a total of 201,524 square feet
of leasable area. There are 244 rental units as follows: 120 one-bedroom,
one-bath units of 702 square feet, 44 two-bedroom, one-bath units of 871 square
feet and 80 two-bedroom, two-bath units of 987 square feet. As of December 31,
1996, monthly rental rates ranged from $270 to $505 per unit and the occupancy
was 95%.

A loan modification for the property was negotiated and executed by the lender
and the Partnership on October 23, 1990. The effective date of the modification
was January 1, 1990. The note had an outstanding principal balance of $5,893,000
which, pursuant to the modification, was segregated into two parts. Part A of
the note had an original balance of $4,400,000 and accrued interest at a rate of
9.75% through the end of 1990. Thereafter, the interest rate increased to 10%
through 1992. Beginning in 1993 and continuing in 1994 the interest rate
increased to 10.5%. Principal and interest payments on this portion of the note
were made monthly.

Part B of the note had an original balance of $1,493,000 and accrued interest at
the rate of 10.5%. Accrued and unpaid interest on the Part B principal balance
was compounded and added to principal monthly. Part B of the note was to be
repaid only from 50% of net sale or net refinance proceeds.





Item 2. PROPERTIES (Continued)

GROUSE RUN APARTMENTS (Continued)

On October 1, 1994, the Note Payable was amended. The Amendment replaced the
terms of Part A and Part B with a fixed 9.96% interest rate loan, amortized on a
30-year schedule. A principal payment of $800,000 was made by the Partnership
concurrent with the effective date of the Amendment. The Amended Note has an
original principal balance of $3,884,000 and its maturity date is October 1,
1999. Monthly debt service on the Amended Note was reduced from $40,249 to
$33,970.

Item 3. LEGAL PROCEEDINGS

There are no material legal proceedings pending to which the Partnership is a
party or which any of its properties is the subject, required to be reported
hereunder. From time to time, the Partnership may be a party to ordinary routine
litigation incidental to its business.

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

No matters have been submitted during the fourth quarter of the fiscal year
ended December 31, 1996, which required the vote of security holders.





                                    PART II

Item 5. MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS

As of December 31, 1996, there were 21,585 limited partnership units outstanding
and 1,136 unit holders of record.

There are no dividends. However, the limited partnership unit holders may be
entitled to certain cash distributions as provided in the limited partnership
agreement.

The units are not freely transferable and no market for the units presently
exists or is likely to develop.





Item 6.  SELECTED FINANCIAL DATA

The following selected financial data for the Partnership is as of, and for the
years ended, December 31, 1996, 1995, 1994, 1993 and 1992. The data was derived
from the audited financial statements of the Partnership and should be read in
conjunction with the financial statements and related notes included in Item 8.

(Dollars in Thousands,
 except per unit amounts)    1996     1995      1994      1993      1992
----------------------------------------------------------------------------


Total revenue                $2,039    $2,178   $2,614     $2,275    $2,139

Interest expense                $75         -     $324       $608      $631

Depreciation and
  amortization expense         $304      $293     $309       $355      $420

Operating expenses           $1,055    $1,054   $1,163     $1,088    $1,067

Related party expenses         $254      $379     $382       $369      $371

General and
 administrative
 expenses                       $21       $22      $45        $40       $36

Gain on note
 restructure                      -         -     $272          -         -

Net income (loss)              $330      $430     $663     $(185)    $(386)

Total assets                 $7,809    $7,696   $7,960     $9,848   $10,065

Notes payable                $6,986    $6,942   $7,363    $10,108   $10,189

Net income (loss)
 per unit1                   $14.50    $18.95   $29.56    $(8.15)  $(17.00)

Number of limited
 partnership units
 outstanding                 21,585    21,585   21,585     21,585    21,585



1Per $500 limited partnership unit outstanding, exclusive of amounts allocable
to the General Partner.





Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

RESULTS OF OPERATIONS

COMPARISON OF YEAR ENDED DECEMBER 31, 1996 TO YEAR ENDED DECEMBER 31, 1995.

Net income for the year ended December 31, 1996 was $330,000, a decrease of
$100,000 as compared to net income of $430,000 in 1995. The decrease in net
income was primarily a result of the end of the lease back period of Space
Savers One and Three in June 1995 and other factors as more fully described
below.

Total revenue for the year ended December 31, 1996, decreased $139,000, or 6%,
compared to 1995 primarily as a result of the reduced revenues after the end of
the lease back period of Space Savers One of $245,000 which was partially offset
by an increase in rental revenue at the remaining two properties of the
Partnership of $78,000. The increase in rental revenue at the Partnership's two
remaining properties resulted from an increase in the rental rates at the
properties and to an increase in the average occupancy rate at the Grouse Run
Apartments. The average occupancy rate at the Grouse Run Apartments increased
from 89% in 1995 to 93% in 1996. Clearlake Village Apartment's average occupancy
rate remained at 94%. In addition, interest revenue decreased $6,000 due to the
reduced balance of the note receivable.

Total expenses for the year ended December 31, 1996, decreased $39,000, or 2%,
from $1,748,000 in 1995 to $1,709,000 in 1996. The decrease in total expenses in
1996 was primarily attributable to a decrease in related party expenses of
$125,000 as a result of a decrease in accounting and data processing expenses,
interest earned on advances due to the reduced balance of advances from the
General Partner and interest earned on the note payable to affiliate due to the
note being paid off in August, 1996. Interest expense increased $75,000 in 1996
as a result of the note payable to affiliate being paid in full from the
proceeds of a new loan from an unaffiliated lender.

COMPARISON OF YEAR ENDED DECEMBER 31, 1995 TO YEAR ENDED DECEMBER 31, 1994

Net income for 1995 decreased $233,000 or 35% as compared to 1994 due to the
following factors: a decrease in rental revenue of $230,000; a decrease in
interest and dividends of $7,000; a decrease in gain on sale of rental property
of $199,000; a decrease in interest expense of $324,000; a decrease in
depreciation and amortization of $16,000; a decrease in operating expenses of
$109,000; a decrease in related party of $3,000, a decrease in general and
administrative expense of $23,000, and a decrease in gain on note restructuring
of $272,000.

Rental revenue from the Partnership's properties was $2,133,000 and $2,363,000
for the years ended December 31, 1995 and 1994, respectively. The decrease in
rental revenue of $230,000 for the year 1995 when compared to the same period in
1994 is due to the end of the leaseback period of Space Savers One and Three on
June 6, 1995.

Interest revenue decreased $7,000, due to the reduced balance of the note
receivable.







Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS (Continued)

Total expenses decreased by $475,000, or 21%, from $2,223,000 in 1994 to
$1,748,000. The decrease in total expenses is attributable to the following
factors: a decrease in interest expense of $324,000, or 100%; a decrease in
depreciation and amortization of $16,000, or 5%; a decrease in operating
expenses of $109,000, or 9%; a decrease in related party expense of $3,000, or
1%; and a decrease in general and administrative expense of $23,000, or 51%.

Interest expense decreased $324,000, due to the sale of Space Savers One and
Three in June, 1994 and to the amended Grouse Run note payable in October, 1994.
The amended Grouse Run note payable is classified as a troubled debt
restructuring and, in accordance with Statement of Financial Accounting
Standards No. 15, the Partnership is carrying the amended note equal to the
total future cash payments payable and is not recognizing interest expense
between the restructuring and the maturity of the amended note.

Depreciation and amortization expense decreased $16,000, as a result of the sale
of Space Savers One and Three in the second quarter of 1994.

Operating expenses decreased $109,000 , as a result of the end of the leaseback
period of Space Savers One and Three on June 6, 1995.

Related party expense decreased $3,000, as a result of a decrease in accounting
and data processing expenses offset by an increase in the prime rate of interest
charged on advances from the General Partner.

General and administrative expense decreased $23,000 due to a decrease in
consulting and outside fees and services.

LIQUIDITY AND CAPITAL RESOURCES

As of December 31, 1996, the Partnership had two operating properties: Clearlake
Village Apartments, and Grouse Run Apartments. The buildings and the land upon
which the buildings are located are owned directly by the Partnership in fee,
and all Partnership properties are subject to mortgages, as more fully described
in note 4 to the financial statements included in Item 8.

As of December 31, 1996, cash and cash equivalents totaled $279,000. As of
December 31, 1996, the General Partner had advanced, $153,000 plus accrued
interest of $524,000, to the Partnership to pay for various capital improvements
and to support operating cash flow deficits. The General Partner presently
intends to continue to make such advances to the Partnership, as necessary.
Consequently, management believes that the Partnership's current sources of
funds will be adequate to meet both its short-term and long-term capital
commitments and operating requirements.







Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS (Continued)

The note receivable collateralized by a second deed of trust on the 1600 Dell
Avenue Office requires monthly principal and interest payments of $9,863 until
maturity on November 15, 1999.

On August 12, 1996, the note payable to affiliate, collateralized by the
Clearlake Village Apartments, was repaid from the proceeds of a new loan from an
unaffiliated lender. In connection with the new loan, the Partnership formed
Property Resources Fund VI Subsidiary, L.P. (the "Subsidiary") and contributed
its fee interest in Clearlake Village Apartments to the Subsidiary. Although the
General Partner of the Partnership is a 1% sole General Partner in the
Subsidiary, the partnership agreement of the Subsidiary is structured such that
no economic benefit accrues to the General Partner as a result of the asset
contribution. Accordingly, the minority interest of the Subsidiary's General
Partner has not been accounted for in the accompanying consolidated financial
statements.

The Partnership presently believes that funds available from improved operations
and from its note receivable due in 1999 will permit it to repay advances owed
to the General Partner. The Partnership also believes that the present trend
toward improved operations at its properties will permit it to repay the Grouse
Run note payable due in 1999 either from the sale of the property or a loan
refinancing. Furthermore, although management is not currently marketing the
properties for sale, a sale of one or both of the properties may ocur as early
as 1998.

IMPACT OF INFLATION
The Partnership's management believes that inflation may have a positive effect
on the Partnership's property portfolio, but this effect generally will not be
fully realized until such properties are sold or exchanged.






Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX TO FINANCIAL STATEMENTS AND SCHEDULES


                                                                       PAGE

Report of Independent Accountants

Balance Sheets as of December 31, 1996 and 1995

Statements of Operations for the Years
   Ended December 31, 1996, 1995 and 1994

Statements of Partners' Capital (Deficit) for the
   Years Ended December 31, 1996, 1995 and 1994

Statements of Cash Flows for the Years
   Ended December 31, 1996, 1995 and 1994

Notes to Financial Statements

Schedule III - Real Estate and Accumulated
   Depreciation




All other schedules for which provision is made in the applicable accounting
regulations of the Securities and Exchange Commission are not required under the
related instructions or are inapplicable, and therefore have been omitted.




                       REPORT OF INDEPENDENT ACCOUNTANTS




The Partners
Property Resources Fund VI


We have audited the consolidated financial statements and the financial
statement schedule of Property Resources Fund VI as of December 31, 1996 and
1995, and for each of the three years in the period ended December 31, 1996, as
listed in the index to finanicial statements and schedules on page 13 of Item 8
of this Form 10-K. These financial statements and financial statement schedule
are the responsibility of Property Resources Fund VI's management. Our
responsibility is to express an opinion on these financial statements and
financial statement schedule based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Property Resources
Fund VI as of December 31, 1996 and 1995, and the consolidated results of its
operations and its cash flows for each of the three years in the period ended
December 31, 1996 in conformity with generally accepted accounting principles.
In addition, in our opinion, the financial statement schedule referred to above,
when considered in relation to the basic financial statements taken as a whole,
presents fairly, in all material respects, the information required to be
included therein.

                                                    COOPERS & LYBRAND L.L.P.


San Francisco, California
January 17, 1997







                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                           CONSOLIDATED BALANCE SHEETS
                           DECEMBER 31, 1996 AND 1995


(Dollars in thousands, except per share amounts)             1996         1995
-------------------------------------------------------------------------------
ASSETS:
Rental property:
  Land                                                     $2,239       $2,239
  Land improvements                                           763          748
  Buildings and improvements                                7,174        7,167
  Furnishings and equipment                                 1,041        1,005
-------------------------------------------------------------------------------
                                                           11,217       11,159
  Less: accumulated depreciation                            4,420        4,128
-------------------------------------------------------------------------------
                                                            6,797        7,031

Cash and cash equivalents                                     279          251
Note receivable                                               320          382
Other assets, net                                             413           32
-------------------------------------------------------------------------------
   Total assets                                            $7,809       $7,696
===============================================================================

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT):
Notes payable                                              $6,986       $5,231
Note payable to affiliate                                       -        1,711
Advances from General Partner                                 153          506
Accrued interest due to General Partner                       524          493
Deposits and other liabilities                                275          214
-------------------------------------------------------------------------------
   Total liabilities                                        7,938        8,155
-------------------------------------------------------------------------------

Partners' capital (deficit):
  Limited partners, 21,585 units
  issued and outstanding                                      334           21
  General Partner                                           (463)        (480)
-------------------------------------------------------------------------------
   Total partners' capital (deficit)                        (129)        (459)
-------------------------------------------------------------------------------
   Total liabilities and partners'
    capital (deficit)                                      $7,809       $7,696
===============================================================================






          The accompanying notes are an integral part of these consolidated
financial statements.





                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                      CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994


(Dollars in thousands, except per unit amounts)          1996     1995      1994
--------------------------------------------------------------------------------

REVENUE:
  Rent                                                 $2,000   $2,133    $2,363
  Interest  and dividends                                  39       45        52
  Gain on sale of rental property                           -        -       199
--------------------------------------------------------------------------------
    Total revenue                                       2,039    2,178     2,614
--------------------------------------------------------------------------------

EXPENSES:
  Interest, other than related party                       75        -       324
  Depreciation and amortization                           304      293       309
  Operating                                             1,055    1,054     1,163
  Related party                                           254      379       382
  General and administrative                               21       22        45
--------------------------------------------------------------------------------
    Total expenses                                      1,709    1,748     2,223
--------------------------------------------------------------------------------

Income before gain on note restructuring                  330      430       391
Gain on note restructuring                                  -        -       272
--------------------------------------------------------------------------------
NET INCOME                                               $330     $430      $663
================================================================================


Net income allocable to limited partners                 $313     $409      $638
================================================================================

Net income allocable to General Partner                   $17      $21       $25
================================================================================

Net income per $500 limited
 partnership unit-based
 on 21,585 units outstanding
 and net of income allocable
 to the General Partner                                $14.50   $18.95    $29.56
================================================================================
Gain on note restructuring per $500
 limited partnership unit-based on 21,585
 units outstanding and net of gain on
 note restructuring allocable
 to General Partner                                      $  -     $  -    $11.97
================================================================================

          The accompanying notes are an integral part of these consolidated
financial statements.





                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             CONSOLIDATED STATEMENTS OF PARTNERS' CAPITAL (DEFICIT)
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994


                                       LIMITED PARTNERS      General
(Dollars in thousands)                  Units    Amount      Partner     Total

Balance, December 31, 1993              21,585  $(1,026)     $(526)   $(1,552)

Net income                                   -       638         25        663
-------------------------------------------------------------------------------
Balance, December 31, 1994              21,585     (388)      (501)      (889)

Net income                                   -       409         21        430
-------------------------------------------------------------------------------
Balance, December 31, 1995              21,585        21      (480)      (459)

Net income                                   -       313         17        330
-------------------------------------------------------------------------------
Balance, December 31, 1996              21,585      $334     $(463)     $(129)
===============================================================================














          The accompanying notes are an intregal part of these consolidated
financial statements.





                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994

(Dollars in thousands)                                 1996     1995     1994
------------------------------------------------------------------------------
Cash flows from operating activities:
Net income                                             $330     $430     $663
------------------------------------------------------------------------------
Adjustments to reconcile net income to
 net cash provided by operating
 activities:
   Depreciation and amortization                        304      293      309
   Amortization of capitalized interest
     on debt restructuring                                -        -    (284)
   Gain on sale of rental property                        -        -    (199)
   Gain on note restructuring                             -        -    (272)
   (Increase) decrease in other assets                (260)       77       66
   Increase in accrued interest                          31       58      237
   Increase (decrease) in deposits
     and other liabilities                               61     (32)       25
------------------------------------------------------------------------------
                                                        136      396    (118)
------------------------------------------------------------------------------
Net cash provided by operating activities               466      826      545
------------------------------------------------------------------------------
Cash flow from investing activities:
   Improvements to rental property                     (58)     (97)     (77)
   Principal payments on note receivable                 62      111       72
   Proceeds from sale of rental property                  -        -      294
------------------------------------------------------------------------------
Net cash provided by investing activities                 4       14      289
------------------------------------------------------------------------------
Cash flow from financing activities:
   Proceeds from note payable                         2,167        -        -
   Increase in deferred loan costs                    (133)        -        -
   Principal payments on notes payable              (2,123)    (421)    (936)
   (Payments to) advances from General Partner        (353)    (299)      117
------------------------------------------------------------------------------
Net cash used in financing activities                 (442)    (720)    (819)
------------------------------------------------------------------------------
Net increase in cash and cash equivalents                28      120       15
Cash and cash equivalents,
 beginning of year                                      251      131      116
------------------------------------------------------------------------------
Cash and cash equivalents,
 end of year                                           $279     $251     $131
==============================================================================

          The accompanying notes are an intregal part of these consolidated
financial statements.





                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION AND BUSINESS ACTIVITY

Property Resources Fund VI (the "Partnership") is a California limited
partnership formed on May 3, 1982 for the purpose of investing in
income-producing real estate. Property Resources, Inc. is the General Partner.

As of December 31, 1996, there were 21,585 limited partnership units
outstanding. The units are not freely transferable and no public market for the
units exists or is likely to develop.

As of December 31, 1996, the Partnership owned garden-style apartment rental
properties aggregating 418 units including Clearlake Village Apartments, located
in Houston, Texas, and Grouse Run Apartments, located in Oklahoma City,
Oklahoma. As discussed in Note 4, the fee interest in Clearlake Village
Apartments is held through a consolidated subsidiary.

SIGNIFICANT ACCOUNTING POLICIES

CONSOLIDATION
The accompanying consolidated financial statements include the accounts of the
Partnership and its majority-owned subsidiary, Property Resources Fund VI
Subsidiary, L.P. (Note 4). All significant intercompany accounts and
transactions have been eliminated.

ESTIMATES
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

RENTAL PROPERTY
Rental property is stated at cost, adjusted for write-downs for impairment, and
depreciated using the straight-line method over 10 to 20 years for land
improvements, 10 to 35 years for buildings and improvements and 4 to 5 years for
furnishings and equipment. Significant improvements and betterments are
capitalized. The cost and related accumulated depreciation of assets sold are
removed from the accounts and any gain or loss is reflected in operations.
Maintenance, repairs and minor renewals are charged to expense when incurred.

Pursuant to the Company's investment objectives, property purchased is generally
held for extended periods. During the holding period, management periodically,
but at least annually, evaluates whether rental property has suffered an
impairment in value. Management's analyses include consideration of estimated
undiscounted future cash flows during the expected holding period in comparison
with carrying values, prevailing market conditions and other economic matters.
In 1986 and 1987, the Partnership recorded reductions in the carrying amounts of
Clearlake Village Apartments and Grouse Run Apartments to state the




                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1- ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


carrying amounts at fair value at the date of the adjustments. As of December
31, 1996, management believes that estimated gross undiscounted cash flows
exceed the current carrying amount; however, there can be no assurance that the
eventual sale of the rental properties, which may occur as early 1998, will not
result in additional losses.

CASH AND CASH EQUIVALENTS
The Partnership classifies all highly liquid investments with original
maturities of three months or less from the date acquired as cash equivalents.

INCOME TAXES
Under federal and state income tax regulations, the income or loss of a
partnership flows through to the partners and is reported on their individual
income tax returns; accordingly, no provision for income taxes is made in these
consolidated financial statements.

OTHER ASSETS
Other assets includes deferred loan fees that are amortized over the life of the
related loan which approximates the effective interest method. At December 31,
1996, other assets also includes impound accounts held by the lender of the note
payable collateralized by the Clearlake Village Apartments for real estate
taxes, insurance and capital improvements.

CONCENTRATION OF CREDIT RISK
Financial instruments which potentially subject the Partnership to
concentrations of credit risk consist principally of a note receivable (See Note
3) and money market securities.

The Partnership places excess cash in short-term deposits with Franklin Money
Fund, an investment company managed by an affiliate of the General Partner, and
in money market securities of companies with strong credit ratings and, by
policy, limits credit exposure to any one issuer.

The Partnership reserves for potential credit losses, as appropriate, and such
losses have been within management's expectations.

REVENUE RECOGNITION
The properties are leased to tenants under short-term operating leases for
typically six to twelve month periods. Revenue is recognized as earned.






                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 2 - TRANSACTIONS WITH THE GENERAL PARTNER AND AFFILIATES

ALLOCATIONS TO PARTNERS
The limited partnership agreement provides for the following allocations to
partners:

    Cash available for distribution from operations, as defined, is allocated
    95% to the limited partners in the ratio of capital contributions and 5% to
    the General Partner as a partnership management fee.

    Income and losses from operations are allocated 95% to the limited partners
    in the ratio of their capital contributions and 5% to the General Partner.

    Net proceeds from the refinancing of debt or sale of partnership property
    are allocated first to the limited partners in an amount which when added to
    prior distributions will equal capital contributions plus a specified return
    ranging from 6% to 10% per annum on adjusted invested capital, as defined.
    After payment of a subordinated real estate commission to the General
    Partner, any remaining proceeds are allocated 85% to the limited partners
    and 15% to the General Partner.

TRANSACTIONS WITH GENERAL PARTNER
Under the partnership agreement, the General Partner and its affiliates may
receive compensation for services rendered to the Partnership and may receive
reimbursement for certain expenses incurred on behalf of the Partnership
summarized as follows.

(Dollars in thousands)                                1996    1995     1994
----------------------------------------------------------------------------

Property management fees,
 charged to related party expense                      $99     $96      $96

Reimbursement for accounting
 and data processing expenses,
 charged to related party expense                      $14     $44      $53

Interest on advances from the General Partner,
 charged to related party expense                      $30     $59      $52

Interest on promissory note collateralized by
 the property Clearlake Village Apartments,
 charged to related party expense                     $111    $180     $181


Advances from the General Partner bear interest at the prime rate, which was
8.25% at December 31, 1996, and are due on demand.






                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 2 - TRANSACTIONS WITH GENERAL PARTNER AND AFFILIATES (CONTINUED)

A promissory note payable to Franklin Resources, Inc., the parent of the General
Partner, which was collateralized by the Clearlake Village Apartments was paid
off on August 12, 1996 from the proceeds of a new loan from an unaffiliated
lender (Note 4).

ADVANCES FROM GENERAL PARTNER
As of December 31, 1996, the General Partner had advanced $153,000 to the
Partnership to pay for various capital improvements and to support operating
cash flow deficits. The General Partner presently intends to continue to make
such advances to the Partnership, as necessary. Consequently, management
believes that the Partnership's current sources of funds will be adequate to
meet both its short-term and long-term capital commitments and operating
requirements.

NOTE 3 - NOTE RECEIVABLE

The note receivable collateralized by a second deed of trust on the 1600 Dell
Avenue Office requires monthly principal and interest payments of $9,863 until
maturity on November 15, 1999.

NOTE 4 - NOTES PAYABLE

In thousands                                                1996       1995
----------------------------------------------------------------------------

CLEARLAKE VILLAGE APARTMENTS
 Note payable, collateralized by deed of trust,
bearing interest at a fixed rate of
8.875%, monthly principal and interest
payments of $17,571 until maturity in 2006.                $2,162          -

GROUSE RUN APARTMENTS Amended note payable,
 collateralized by deed of trust,
bearing interest at a fixed rate of
 9.96%, monthly principal payments of $33,970
until maturity in 1999. See below.                         4,824      5,231
                                                     =======================
                                                          $6,986     $5,231
                                                     =======================

On August 12, 1996, the note payable to affiliate, collateralized by the
Clearlake Village Apartments, was repaid from the proceeds of a new loan from an
unaffiliated lender. In connection with the new loan, the Partnership formed
Property Resources Fund VI Subsidiary, L.P. (the "Subsidiary") and contributed
its fee interest in Clearlake Village Apartments to the Subsidiary. Although the
General Partner of the Partnership is a 1% sole General Partner in the
Subsidiary, the partnership agreement of the Subsidiary is structured such that
no economic benefit accrues to the General Partner as a result of the asset
contribution. Accordingly, the minority interest of the Subsidiary's General
Partner has not been accounted for in the accompanying consolidated financial
statements.






                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 4 - NOTES PAYABLE (CONTINUED)

On October 1, 1994, the Grouse Run note payable was amended. The amendment was
accounted for as a troubled debt restructuring and, in accordance with Statement
of Financial Accounting Standards No. 15, the Partnership is carrying the
amended note equal to the total future cash payments payable and is not
recognizing interest expense between the restructuring and the maturity of the
amended note.

Aggregate principal payments required in future years are as follows:

(Dollars in thousands)
1997                                        427
1998                                        429
1999                                      4,032
2000                                         26
2001                                         28
Thereafter                                2,044
------------------------------------------------
                                         $6,986
================================================

NOTE 5 - SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES

Interest paid on notes payable for the years ended December 31, 1996, 1995 and
1994, was $169,000, $179,000 and $601,000, respectively.

Approximately $185,000 of accrued and unpaid interest was capitalized to
principal on the notes payable for the year ended December 31, 1994.







                           PROPERTY RESOURCES FUND VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 6 - RECONCILIATION TO FEDERAL INCOME TAX BASIS OF ACCOUNTING (UNAUDITED)

The differences between the accrual method of accounting for income tax
reporting and the accrual method of accounting used in the accompanying
financial statements are as follows:

----------------------------------------------------------------------------
(Dollars in thousands)                           1996       1995       1994
----------------------------------------------------------------------------

Net income - financial statements                $330       $430       $663
Differences resulting from:
  Depreciation                                   (53)      (106)      (249)
  Interest expense                              (374)      (475)          -
  Amortization of capitalized interest
   on debt restructuring                            -          -      (284)
  Gain on disposition of property                  36         65        211
  Gain on restructuring of note                     -          -      1,857
  Other                                          (32)          -          1
============================================================================
Net income (loss) income tax method             $(93)      $(86)     $2,199
============================================================================

Net taxable income (loss) per limited
  partnership unit and net of amounts
   allocable to the General Partner           $(4.33)    $(3.66)    $104.38
============================================================================

                                    RESTATED
----------------------------------------------------------------------------
(Dollars in thousands)                          1996       1995       1994
----------------------------------------------------------------------------
Partners' capital
 (deficit) - financial statements              $(129)     $(459)     $(889)
Differences resulting from:
  Depreciation                                (4,911)    (4,853)    (4,767)
  Interest Expense                              (849)      (473)          -
  Gain on disposition of property               (186)      (222)      (287)
  Write-down on rental property                 1,452      1,452      1,452
  Note restructuring                            2,028      2,028      2,028
  Note restructuring basis adjustment         (2,305)    (2,285)    (2,129)
============================================================================
Partners' capital (deficit)
 income tax method                           $(4,900)   $(4,802)   $(4,592)
============================================================================





<TABLE>
<CAPTION>
============================================================================================================
                                         PROPERTY RESOURCES FUND VI
============================================================================================================
                                   SCHEDULE III -  REAL ESTATE AND ACCUMULATED DEPRECIATION
                      AS OF, AND FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                           (Dollars in thousands)




                                         COST CAPITALIZED
                      INITIAL             SUBSEQUENT TO           GROSS AMOUNT AT WHICH
                     COST TO FUND           ACQUISITION          CARRIED AT CLOSE OF PERIOD



                                                                                                                Life on Which
                                                                                        Accum-  Date            Depreciation
                                                                   Buildings            ulated  of              in Latest
                                                                      and               Depre-  cons-           Operations
              Encum-            Build-  Improve-  Carrying         Improve-              cia-   truc-   Date    Statement is
Description   brances   Land     ings     ments    Costs    Land     ments     Total     tion   tion  Acquired  Computed


<S>             <C>       <C>    <C>        <C>               <C>     <C>       <C>     <C>    <C>      <C>     <C>
174 unit
apartment
complex in
Houston,
Texas           $2,162    $999   $3,662     $397         -    $999    $2,833    $3,832  $1,738 1976     08/82   (2)

244 unit
apartment
complex
Oklahoma
City,
Oklahoma         4,824   1,240    6,562      474         -   1,240     6,145     7,385   2,682 1984     07/84   (2)
--------------------------------------------------------------------------------------------------------------------------

                $6,986  $2,239  $10,224     $871         -  $2,239    $8,978   $11,217  $4,420
                                                                             (1),(3),(4)   (5)
==========================================================================================================================
</TABLE>



R E A L  E S T A T E  A N D  A C C U M U L A T E D  D E P R E C I A T I O N

NOTES:

(1) The aggregate cost for federal income tax purposes is $12,669

(2) Depreciation is computed using useful lives of 10-20 years for land
improvements, 10-35 years for buildings, improvements and 4-5 years for
furnishings and equipment and the life of the related lease for tenant
improvements.

(3) The total cost carried at the close of the period has been adjusted to
reflect the Partnership's reduction in the carrying values for the apartment
complexes located in Houston, Texas and Oklahoma City, Oklahoma.

(4) RECONCILIATION OF REAL ESTATE
                                            1996      1995     1994
                                        -----------------------------

Balance at beginning of period            $11,159  $11,062   $13,916

Dispositions                                    -        -   (2,931)

Additions during period:

Improvements                                   58       97        77
                                        -----------------------------

Balance at end of period                  $11,217  $11,159   $11,062
                                        =============================

(5) RECONCILIATION OF ACCUMULATED DEPRECIATION
    ------------------------------------------
                                            1996      1995     1994
                                        -----------------------------

Balance at beginning of period             $4,128   $3,841    $4,943

Dispositions                                    -        -   (1,398)

Depreciation expense for the period           292      287       296
                                        -----------------------------

Balance at end of period                   $4,420   $4,128    $3,841
                                        =============================






Item 9.  DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY AND THE ADVISOR

The Partnership does not now, nor will it in the future, have directors or
executive officers. Property Resources, Inc. (the "General Partner"), manages
and directs the affairs of the Partnership and has general responsibility in all
matters affecting the business of the Partnership. The officers and directors of
the General Partner are as follows:

NAME                       POSITION
David P. Goss              Chief Executive Officer,
                            President and a Director
Charles B. Johnson         Director
Rupert H. Johnson, Jr.     Director
Charles E. Johnson         Director
Richard S. Barone          Senior Vice President - Legal
                            and Secretary
Martin L. Flanagan         Vice President - Finance and
                            Chief Financial Officer
Mark A. TenBoer            Vice President - Asset Management
David P. Rath              Vice President - Asset Management
David N. Popelka           Vice President - Asset Management

Principal officers of the subsidiary of the General Partner, Continental
Property Management Co., are as follows:

Thomas J. Bennett          President,  Chief Financial Officer and Sole
                           Director
Charles L. Gee             Senior Vice President and Secretary

     DAVID P. GOSS, age 49, is Chief Executive Officer, President and Director
of the General Partner (1987 to date). He is also Chief Executive Officer,
President and Director of Property Resources Equity Trust (1987 to date),
Franklin Properties, Inc. (1988 to date) and Franklin Select Realty Trust (1989
to date). Previously, he was Corporate Counsel of Franklin Resources, Inc. Prior
to joining Franklin Resources, Inc., Mr. Goss served as Senior Vice President
-Legal of a real estate investment and property management company. Prior to
that, he was with the Securities and Exchange Commission in San Francisco,
California. Mr. Goss has a B.A. degree from the University of California,
Berkeley, and a J.D. degree from the New York University School of Law. He is a
registered principal with the National Association of Securities Dealers, Inc.

     CHARLES B. JOHNSON, age 64, has served since 1985 as a Director of the
General Partner. He is also President and a Director of Franklin Resources, Inc.
and Franklin/Templeton Distributors, Inc.; Chairman of the Board and a Director
of Franklin Advisers, Inc. and Franklin Asset Management Systems; President,
Treasurer and a Director of Franklin Energy Corporation; and a Director of
Franklin Institutional Services Corporation, Franklin Trust Company,
Franklin/Templeton Investor Services, Inc., Franklin Bank, F.S. Capital Group,
F.S. Properties, Inc., and Franklin Agency, Inc. He is also and officer and/or
director, trustee or managing general partner, as the case may be, of most of
the investment companies in the Franklin/Templeton Group of Funds. Mr. Johnson
graduated from Yale University in 1954 where he received a B.A. degree in
Economics. He is a registered securities principal with the National Association
of Securities Dealers, Inc.

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY AND THE ADVISOR
(Continued)

       RUPERT H. JOHNSON, JR., age 56, has served since 1990 as Executive Vice
President of Franklin Resources, Inc. He is also Executive Vice President and a
Director of Franklin/Templeton Distributors, Inc.; President and a Director of
Franklin Advisers, Inc.; Chairman of the Board and a Director of Franklin
Management, Inc. and Franklin Institutional Services Corporation; Vice President
and a Director of Franklin Asset Management Systems; Executive Vice President,
Senior Investment Officer and a Director of Franklin Trust Company; Vice
President of BWC Management Company; and a Director of Franklin/Templeton
Investor Services, Inc., Franklin Agency, Inc., Franklin Energy Corporation,
Franklin Bank, Franklin Properties, Inc., and the General Partner. He also
currently serves as a Director or Trustee and Vice President of most of the
mutual funds in the Franklin/Templeton Group of Funds. Mr. Johnson received a
B.A. degree from Washington & Lee University. He is a registered principal with
the National Association of Securities Dealers, Inc.

Charles B. Johnson and Rupert H. Johnson, Jr. are brothers.

       CHARLES E. JOHNSON, age 40, is President and Chief Executive Officer of
Templeton Worldwide, Inc. This company provides investment advisory services
with respect to both international equity and fixed income securities, largely
based upon fundamental research and a flexible policy of seeking undervalued
securities throughout the world. Templeton Worldwide, Inc. employs more than 50
investment professionals worldwide and maintains marketing and/or research
offices in over 15 separate countries. Mr. Johnson is also a Senior Vice
President and Director of Franklin Resources, Inc., the parent company of the
Templeton organization. He also services as a Director and/or Officer of many of
the various Franklin and Templeton mutual funds and subsidiaries. He received a
Masters degree in Business Administration from the Harvard University Graduate
School of Business. He is a Certified Public Accountant and was previously
affiliated with the accounting firm of Coopers & Lybrand in Los Angeles. He
graduated with honors from the University of California at Los Angeles, earning
a Bachelor of Arts degree in Economics.

     RICHARD S. BARONE, age 46, is Senior Vice President - Legal and Secretary
of the General Partner (1988 to date). He is also Secretary of Franklin
Properties, Inc., Property Resources Equity Trust and Franklin Select Realty
Trust (1989 to date). He is also Senior Vice President - Legal of Franklin
Properties, Inc. (1988 to date) and Corporate Counsel of Franklin Resources,
Inc. (1988 to date). Previously, Mr. Barone was employed by the Robert A. McNeil
Corporation as Corporate Counsel from 1982 until June, 1987, during which period
he also held the positions of Vice President-Legal (1984 to 1987) and Secretary
(1986 to 1987). Prior to 1982, he was in a private law practice in San Mateo,
California. Mr. Barone received a B.A. degree and a J.D. degree from the
University of San Francisco. He is a member of the State Bar of California.


Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY AND THE ADVISOR
(Continued)

       MARTIN L. FLANAGAN, age 36, is Vice President - Finance and Chief
Financial Officer of the General Partner, Property Resources Equity Trust and
Franklin Properties, Inc., Inc. (1993 to date). He is also Senior Vice
President, Chief Financial Officer and Treasurer of Franklin Resources, Inc.;
Senior Vice President and Treasurer of Franklin/Templeton Distributors, Inc.,
Franklin Advisers, Inc., and Franklin Institutional Services Corporation;
Treasurer of Franklin Management, Inc., and Franklin Trust Company; Senior Vice
President of Franklin/Templeton Investor Services, Inc. and Franklin Agency,
Inc.; a Director of Templeton/National Bank of Greece Management (Luxembourg),
Templeton Investment Management (Singapore), Templeton Investment Management
(Hong Kong), Templeton Funds Investment Annuity Company, Templeton Funds Trust
Company, Templeton Funds Management, Inc., Templeton Holding Ltd.,
Templeton/Franklin Investment Services, Inc., Templeton Life Assurance Ltd.,
Templeton Quantitative Advisors, Inc., Templeton Emerging Markets, Templeton
Management (Luxembourg), Templeton Unit Trust Managers, Ltd., and Templeton
Investment Management, Ltd. (Edinburgh); Executive Vice President, Chief
Operating Officer and a Director of Templeton Worldwide, Inc. and Templeton
International, Inc.; Executive Vice President and a Director of T.G.H. Holdings,
Ltd.; Chairman of the Board of Templeton Global Strategic Services, Inc.;
General Manager of Templeton Financial Advisory Services, S.A.; Managing
Director of Templeton Global Investors, Ltd.; President and Chief Executive
Officer of Templeton Global Investors; and Executive Vice President and a
Director of Templeton, Galbraith & Hansberger, Ltd. and Templeton Investment
Counsel, Inc. From 1982 to 1983, he was an auditor for Arthur Andersen &
Company. Mr. Flanagan received a B.A. degree from Southern Methodist University
and is a Certified Public Accountant and a Chartered Financial Analyst. He is
currently a member of the American Institute of Certified Public Accountants and
the International Society of Financial Analysts.

       MARK A. TENBOER, age 40, is Vice President - Asset Management for the
General Partner, Property Resources, Inc. (1991 to date). He is also Vice
President - Finance and Chief Financial Officer of Franklin Select Realty Trust
(1993 to date). From 1983 to 1991 he was Director - Portfolio Management and
Controller of the General Partner and Franklin Properties, Inc. Previous to his
employment with the General Partner he was associated with Genstar Corporation
as Supervisor - Internal Audit from 1980 to 1983 and with Deloitte Haskins &
Sells as an auditor from 1978 to 1980. He received a B.S. degree in Accounting
from the University of Illinois. Mr. TenBoer is a Certified Public Accountant
and a real estate broker.

       DAVID P. RATH, age 48, has served since 1992 as the Vice President -
Asset Management for the General Partner, Property Resources, Inc. Previously,
he was Assistant Vice President - Research and Analysis for Franklin Properties,
Inc. Mr. Rath operated his own real estate investment company, Rath Investments,
from 1987 to 1990. From 1980 to 1987, he was a partner with Edgewood Holdings
Corporation which acquired, managed and disposed of U.S. investment real estate
for foreign clients. From 1972 to 1980, Mr. Rath worked for the Dailey Mortgage
Company, Bank of America and Redwood Bank and focused on mortgage banking, real
estate investment trust advisory services and construction lending,
respectively. Mr. Rath received a B.S. degree in Mechanical Engineering from
Bucknell University and an Masters degree in Business Administration from the
University of California at Berkeley Graduate School of Business.


Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY AND THE ADVISOR
(Continued)


       DAVID N. POPELKA, age 44, has served since 1992 as Vice President - Asset
Management for the General Partner, Property Resources, Inc. Prior to joining
the General Partner, Mr. Popelka was Vice President Portfolio Management for the
Glenborough Management Company in Redwood City, California. Mr. Popelka is a
graduate of Illinois State University and received a Masters degree in Business
Administration from the University of Washington Graduate School of Business. He
has been a guest lecturer on real estate investments and finance at Golden Gate
University. Mr. Popelka is a real estate broker licensed by the State of
California.

       THOMAS J. BENNETT, age 48, has served since 1988 as the President of
Continental and since 1989 as sole Director and Chief Financial Officer of
Continental. Previously, he served as Regional Vice President, Utah Region, of
Continental. From 1983 to 1986, Mr. Bennett was employed as Senior Property
Manager with Prowswood Ltd., in Utah, and the Irvine Company, Irvine,
California. He is a graduate of California State University at Long Beach and is
a Certified Property Manager of the Institute of Real Estate Management.

       CHARLES L. GEE, age 50, has served since 1991 as the Senior Vice
President of Continental and as Secretary of Continental since 1989. From 1986
to 1991, he held the office of Vice President for Continental. Mr. Gee was
previously the Director of Operations for Prometheus Management Group of San
Mateo, a real estate management firm (1983 to 1985). From 1979 to 1983, he was
employed by two other real estate companies in the San Francisco Bay Area. Mr.
Gee is a Certified Property Manager by the Institute of Real Estate Management.

Item 11. EXECUTIVE COMPENSATION

The Partnership is a limited partnership and has no officers or directors who
were paid any direct remuneration. As discussed in Item 13 below, however, the
Partnership is managed by its General Partner and does pay for various services
provided by the General Partner.

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

As of December 31, 1996, no person is known by the Registrant to own
beneficially, more than five percent (5%) of the Units.

The Partnership is a limited partnership and has no officers or directors. As of
December 31, 1996, no director, officer or employee of the General Partner,
performing functions similar to those of an officer, beneficially owned, either
directly or indirectly, any partnership units.

The Partnership pays fees for various services provided by the General Partner
to the Partnership. In connection with the formation of the Partnership,
Property Resources, Inc. contributed $3,000 to the capital of the Partnership.
Property Resources, Inc. will receive compensation in the following amounts for
the following services rendered (capitalized terms are defined in the
Certificate and Agreements of Limited Partnership as set forth in the Prospectus
filed with the Securities and Exchange Commission pursuant to Rule 424(b) and
are incorporated herein by reference):

      1. For management of the Partnership properties, Continental Property
Management Co. (CPMC), an affiliate of Property Resources, Inc., is entitled to
receive a monthly management fee equal to 5% of the monthly collected gross
revenues. However, such amounts are not to exceed the prevailing rates for
comparable services in the localities where the properties are located. In 1996,
property management fees of $99,000 were accrued or paid to CPMC.

Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS (Continued)


      2. As compensation for its services in managing the Partnership, Property
Resources, Inc. is entitled to receive partnership management fees equal to 5%
of the Adjusted Funds Provided by Operations After Debt Service. In 1996, no
partnership management fees were paid to Property Resources, Inc.

      3. As compensation to the General Partner in connection with the sale of
the Partnership properties, the General Partner is entitled to receive a
Subordinated Real Estate Commission from the Partnership. The Subordinated Real
Estate Commission shall not exceed the lesser of (i) a percentage of the gross
sales price of the property sold equal to one-half of the normal competitive
rate charged for similar services by unaffiliated parties that render such
services as an ongoing public activity in the same geographic location for
comparable property; or (ii) three percent (3%) of the gross sales price of the
property. The payment of the commission is also subject to other requirements as
set forth in Paragraph 9.5 of the Limited Partnership Agreement. The payment of
the Subordinated Real Estate Commission shall be made only after the Limited
Partners receive an aggregate amount, in cash, which when added to prior
Distributions, equal (i) to the total Original Invested Capital of the Limited
Partners plus (ii) a per annum return on their Adjusted Invested Capital equal
to six percent (6%) in the Partnership's first calendar year or a portion
thereof, increasing annually in an amount of one percent (1%) until it reaches
the rate of ten percent (10%) in the fifth year, then ten percent (10%) per
annum thereafter, commencing at the time each original Limited Partner is
admitted to the Partnership. In 1996, no Subordinated Real Estate Commissions
were paid to the General Partner.

      4. As additional compensation for services rendered in connection with the
management and operation of the Partnership, the General Partner shall be
entitled to receive a Subordinated Incentive Fee equal to 15% of the Cash From
Sales or Refinancing remaining after the Partnership has distributed to the
Limited Partners an aggregate amount which when added to prior Distributions to
Holders is equal to: (i) the total of Original Invested Capital plus (ii) a per
annum return on their Adjusted Invested Capital equal to 6% in the Partnership's
first calendar year or portion thereof, increasing annually in an amount of 1%
until it reaches a rate of 10% in the fifth year, then 10% per annum thereafter,
commencing at the time each original Limited Partner is admitted to the
Partnership. No Incentive Fees were paid to the General Partner in 1996.

      5. Net income and net loss of the  Partnership  is allocated 5% to the
General  Partner and 95% to the Limited Partners.

      6. Under the Limited Partnership Agreement, the General Partner may
receive reimbursement for certain expenses incurred on behalf of the
Partnership. In 1996, the General Partner was reimbursed $14,000 for accounting
and data processing costs and services provided to the Partnership.

Advances from the General Partner at December 31, 1996, totaled $153,000 plus
accrued interest of $524,000. Interest on advances is accrued at the prime rate,
which was 8.25% at December 31, 1996. The advances are due on demand. Interest
expense on advances for the year ended December 31, 1996 was $30,000.

A promissory note payable to Franklin Resources, Inc., an affiliate of the
General Partner, which was collateralized by the Clearlake Village Apartments
was paid in full on August 12, 1996. Interest expense on this note payable for
the year ended December 31, 1996 was $111,000.

The Partnership has not issued any warrants, options or rights to purchase its
securities. No officer or member of management of the General Partner is
indebted to the Partnership. There were no transactions in which any of the
following persons had or is to have a direct or indirect material interest other
than that set forth above: (i) any officer, director or nominee for election as
director of the General Partner; (ii) any security holder owning more than 5% of
the Partnership's securities; or (iii) any relative or spouse of any of the


Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS (Continued)

foregoing persons, or any relative to such spouse, who has the same home as such
person or who is a director or officer of the General Partner of the
Partnership.






                                    PART IV


Item 14.     EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a)   1. The financial  statements and schedules of the Partnership  included
         in Item 8 of the report are listed on the index on page 13.

      2. The supplemental financial statement schedule of the Partnership
         included in Item 8 of this report is listed on the index on page 13.

      3.  Exhibits:

           (3)    Partnership Agreement1
           (10)   Material contracts2
                  Franklin Resources, Inc. Promissory Note

          1Documents were filed in the Partnership's Form S-11 Registration
          Statement (Registration No. 2-77330) and are incorporated herein by
          reference.

          2Documents were filed on Form 8, dated December 30, 1993, and are
          incorporated herein by reference.

(b)   Reports on Form 8-K.

      No reports on Form 8-K were filed by the Registrant during the quarter
ended December, 31, 1995.







                                   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.


                               PROPERTY RESOURCES FUND VI
                               (Registrant)


Date:    3/27/97                    By:   /S/ DAVID P. GOSS
                                    David P. Goss
                                    Chief Executive Officer



Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant, and
in the capacities and on the dates indicated.



SIGNATURE                           TITLE                  DATE



                               Chief Executive
/s/ David P. Goss                  Officer                 3/27/97
-----------------------                                    -------------------
David P. Goss


/s/ Charles B. Johnson             Director                3/27/97
-----------------------                                    -------------------
Charles B. Johnson


/s/ Rupert H. Johnson              Director                3/27/97
-----------------------                                    -------------------
Rupert H. Johnson, Jr.


/s/ Charles E. Johnson             Director                3/27/97
-----------------------                                    -------------------
Charles E. Johnson