<PAGE>
 

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

(Mark One)
  
(X)    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 1997

                                      OR

( )    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND
       EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________________ TO
       _________________


Commission File Number            0-12935
                       ---------------------


                    BOETTCHER VENTURE CAPITAL PARTNERS, L.P
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          DELAWARE                                      84-0958632
--------------------------------           -----------------------------------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
 incorporation or organization)

     77 West Wacker Drive
      Chicago Illinois                                     60601
---------------------------------          ------------------------------------
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code       (312) 574-6000
                                                   ----------------------------

Indicate by checkmark whether the registrant (1) has filed all reports to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.  Yes   X     No 
                   -----      -----
<PAGE>
 

                                     INDEX
                                     -----

<TABLE>
<CAPTION>
                                                                        Page No.
                                                                        --------
<S>                                                                     <C>
PART I.   Financial Information

Item 1.     Financial Statements (unaudited)

             Statements of Assets & Liabilities                                3
               June 30, 1997 and December 31, 1996         
                                                           
             Schedule of Portfolio Investments                                 4
               June 30, 1997                               
                                                           
             Statements of Operations                                          5
               Three and six months ended June 30, 1997    
               and 1996                                    
                                                           
             Statement of Partners' Capital                                    6
               Six months ended June 30, 1997              
                                                           
             Statements of Cash Flows                                          7
               Six months ended June 30, 1997 and 1996     
                                                           
             Statements of Changes in Net Assets                               8
               Six months ended June 30, 1997 and 1996     
                                                           
             Notes to Financial Statements                                     9
                                                           
Item 2.      Management's Discussion and Analysis of                          13
               Financial Condition and Results of Operations
 
PART II.     Other Information                                                15
                                                           
Item 1.      Legal Proceedings                                                15
Item 2.      Changes in Securities                                            15
Item 3.      Defaults upon Senior Securities                                  15
Item 4.      Submission of Matters to a Vote of            
               Security Holders                                               15
Item 5.      Other Information                                                15
Item 6.      Exhibits and Reports on Form 8-K                                 15
                                                           
SIGNATURE                                                                     17
</TABLE>

                                       2
<PAGE>
 
Part I.  Financial Information
Item 1.  Financial Statements

                    BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                      STATEMENTS OF ASSETS AND LIABILITIES
<TABLE>
<CAPTION>
                                                                  June 30,
                                                                    1997      December 31,
                                                                 (unaudited)      1996
                                                                 -----------  ------------
<S>                                                              <C>          <C>
ASSETS:
  Cash                                                           $   11,605     $   17,211
  Portfolio investments, at estimated fair value
    (cost $985,530 and $1,435,539, respectively)                  1,433,280      2,183,351
  Short-term investments at cost, which
    approximates market value                                       522,429        892,810
  Other receivables                                                  12,800         12,437
  Other assets                                                        5,359          5,359
                                                                 ----------     ----------
 
     Total Assets                                                 1,985,473      3,111,168
                                                                 ----------     ----------
 
LIABILITIES:
  Payable to Managing General Partner                                39,639         34,625
  Accounts Payable                                                    6,101          5,633
                                                                 ----------     ----------
 
     Total Liabilities                                               45,740         40,258
                                                                 ----------     ----------
 
     Net Assets                                                  $1,939,733     $3,070,910
                                                                 ==========     ==========
 
Partners' Capital:
  Managing General Partner                                       $  296,010     $  418,912
  Individual General Partners                                         1,224          1,209
  Limited partners                                                1,194,749      1,902,977
  Unallocated net unrealized appreciation of investments            447,750        747,812
                                                                 ----------     ----------
 
Total partners' capital applicable to outstanding partnership
  interests ($181.39 and $287.16, respectively,
  per limited partnership unit)                                  $1,939,733     $3,070,910
                                                                 ==========     ==========
 
</TABLE>

See accompanying notes to financial statements.

                                       3
<PAGE>
 
                    BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                       SCHEDULE OF PORTFOLIO INVESTMENTS
                                 June 30, 1997
                                  (unaudited)
<TABLE>
<CAPTION>
 
 
                                                        Original
                                                        Investment                    Estimated
Company                        Position                 Date               Cost       Fair Value
-----------------------------  -----------------------  -----------------  ---------  ----------
<S>                             <C>                      <C>                <C>        <C>  
Coleman Natural Products, Inc.  576,857 shares of
                                Series A Preferred
                                Stock                    March 1989           576,857     576,857
 
                                178,362 shares of
                                Common Stock             March 1989           228,672     228,672
 
                                Warrants to purchase
                                32,412 shares of Common
                                Stock                    November 1990              1           1
                                                                            ---------  ----------
                                                                              805,530     805,530
                                                                            ---------  ----------
 
INTERLINQ Software              180,000 shares of        August and
Corporation                     Common Stock             November 1986        180,000     627,750  *
                                                                            ---------  ----------
 
                                Total                                        $985,530  $1,433,280
                                                                            =========  ==========
</TABLE>

* June 30, 1997 closing bid price less 10% (stock freely tradeable).

See accompanying notes to financial statements.

                                       4
<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                           STATEMENTS OF OPERATIONS
               Three and six months ended June 30, 1997 and 1996
                                  (unaudited)

<TABLE>
<CAPTION>
                                                                          Three Months Ended       Six Months Ended
                                                                               June 30,                June 30,
                                                                         --------------------    ---------------------
                                                                           1997        1996        1997         1996
                                                                         --------    --------    ---------    --------
<S>                                                                      <C>         <C>         <C>          <C>
Investment Income:
    Interest and dividends from short-term and portfolio investments     $ 22,828    $ 29,249    $  54,264    $ 44,387
                                                                         --------    --------    ---------    --------
Expenses:
    Administrative fee                                                     35,302      35,303       70,605      70,605
    Professional fees                                                       3,002       6,838       15,928      22,006
    Independent General Partners' fees and expenses                         3,375       3,375        7,650       7,650
    Other expenses                                                          2,168       3,861        6,275       8,050
                                                                         --------    --------    ---------    --------
Total expenses                                                             43,847      49,377      100,458     108,311
                                                                         --------    --------    ---------    --------
Net investment loss                                                       (21,019)    (20,128)     (46,194)    (63,924)
Realized gain on sale of portfolio investments                                  -           -      113,659           -
                                                                         --------    --------    ---------    --------
Net investment loss and realized gain allocable to partners               (21,019)    (20,128)      67,465     (63,924)
Net change in unrealized appreciation (depreciation) of portfolio
  investments                                                                   -     422,225     (300,062)    375,311
                                                                         --------    --------    ---------    --------
Net increase (decrease) in net assets                                    $(21,019)   $402,097    $(232,597)   $311,387
                                                                         ========    ========    =========    ========
Net investment loss per unit of limited partner interest                 $  (1.97)   $  (1.89)   $   (4.32)   $  (5.98)
                                                                         ========    ========    =========    ========
Weighted average number of limited partnership units outstanding           10,694      10,694       10,694      10,694
                                                                         ========    ========    =========    ========
</TABLE>

See accompanying notes to financial statements.


                                        5

<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                        STATEMENT OF PARTNERS' CAPITAL
                        Six months ended June 30, 1997
                                  (unaudited)

<TABLE>
<CAPTION>
                                                                                                  Unallocated
                                                                                                 net unrealized
                                                        Managing     Individual                   appreciation        Total
                                                         General      General       Limited      (depreciation)     Partners'
                                                         Partner      Partners      Partners     of investments      capital
                                                        ---------    ----------    ----------    --------------    ----------
<S>                                                     <C>          <C>           <C>           <C>               <C>
Balances at December 31, 1996                           $ 418,912      $1,209      $1,902,977       $ 747,812      $3,070,910
Net investment losses and realized gains allocable
  to partners for the six months ended June 30, 1997       27,098          15          40,352               -          67,465
Distributions to partners                                (150,000)                   (748,580)                       (898,580)
Net change in unrealized depreciation of portfolio
  investments                                                   -           -               -        (300,062)       (300,062)
                                                        ---------      ------      ----------       ---------      ----------
Balances at June 30, 1997                               $ 296,010      $1,224      $1,194,749       $ 447,750      $1,939,733
                                                        =========      ======      ==========       =========      ==========
</TABLE>

See accompanying notes to financial statements.


                                        6

<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                           STATEMENTS OF CASH FLOWS
                    Six months ended June 30, 1997 and 1996
                                  (unaudited)

<TABLE>
<CAPTION>
                                                                            1997        1996
                                                                         ---------    --------
<S>                                                                      <C>          <C>
Cash flows from operating activities:
    Net investment loss and realized gain allocable to partners          $  67,465    $(63,924)
    Adjustment to reconcile net investment loss and realized gain
      allocable to partners to net cash used in operating activities:
        Gain on sale of portfolio investments                             (113,659)          -
    Change in operating assets and liabilities
        (Increase) decrease in other receivables                              (363)      7,694
        Increase in payable to Managing General Partner                      5,014
        Increase in accounts payable                                           468       9,232
                                                                         ---------    --------
Net cash used in operating activities                                      (41,075)    (46,998)
                                                                         ---------    --------
Cash flows from investing activities:
    Exercise of options included in portfolio investments                   (9,929)          -
    Increase in portfolio investments, payment-in-kind dividends           (16,055)     (4,816)
    Increase in short-term investments                                    (107,500)          -
    Proceeds from the disposition of portfolio investments                 589,652           -
    Proceeds from maturities of short-term investments                     477,881      44,208
                                                                         ---------    --------
Net cash provided by investing activities                                  934,049      39,392
                                                                         ---------    --------
Cash flows used by financing activities-distributions to partners         (898,580)          -
                                                                         ---------    --------
Net decrease in cash                                                        (5,606)     (7,606)
 
Cash at beginning of period                                                 17,211      23,368
                                                                         ---------    --------
Cash at end of period                                                    $  11,605    $ 15,762
                                                                         =========    ========
</TABLE>

See accompanying notes to financial statements.


                                       7

<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                      STATEMENTS OF CHANGES IN NET ASSETS
                    Six months ended June 30, 1997 and 1996
                                  (unaudited)

<TABLE>
<CAPTION>
                                                                       1997           1996
                                                                    -----------    ----------
<S>                                                                 <C>            <C> 
From investment activities:
    Net investment loss                                             $   (46,194)   $  (63,924)
    Realized gain on sale of portfolio investments                      113,659
    Net change in unrealized appreciation (depreciation) of
      portfolio investments                                            (300,062)      375,311
                                                                    -----------    ----------
Net increase (decrease) in net assets resulting from operations        (232,597)      311,387
From financing activities-distributions to partners                    (898,580)            -
                                                                    -----------    ----------
Net increase (decrease) in net assets                                (1,131,177)      311,387
Net assets at beginning of period                                     3,070,910     2,583,727
                                                                    -----------    ----------
Net assets at end of period                                         $ 1,939,733    $2,895,114
                                                                    ===========    ==========
</TABLE>

See accompanying notes to financial statements.


                                       8

<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                         Notes to Financial Statements

                                 June 30, 1997
                                  (unaudited)


(1)  Financial Statement Adjustments and Footnote Disclosure

The accompanying financial statements are unaudited. However, the Managing
General Partner of Boettcher Venture Capital Partners, L.P. believes all
material adjustments necessary for a fair presentation of the interim financial
statements have been made. Certain information and footnotes normally included
in financial statements prepared in accordance with generally accepted
accounting principles have been omitted pursuant to Securities and Exchange
Commission rules and regulations. Management believes the disclosures made are
adequate to make the information not misleading and suggests that these
condensed financial statements be read in conjunction with the financial
statements and notes thereto included in the Boettcher Venture Capital Partners,
L.P. December 31, 1996 Annual Report.


(2)  Significant Accounting Principles

     Organization

Boettcher Venture Capital Partners, L.P. (the "Partnership"), a Delaware limited
partnership, was formed on September 22, 1983 for the primary purpose of making
venture capital investments. The Partnership sold 10,690 units of limited
partnership interests at $1,000 per unit in a public offering which closed on
September 27, 1984.

The Managing General Partner of the Partnership is EVEREN Securities, Inc.
("EVEREN Securities"). The Individual General Partners are three individuals who
are independent of EVEREN Securities and its affiliates; and the President and
Chief Operating Officer of EVEREN Securities.

It is the Partnership's intent to liquidate its remaining investments as
promptly as market conditions allow and subsequently dissolve in 1997.


     Partnership Agreement

The Partnership Agreement (the "Agreement") provides for the allocation of the
following:

<TABLE>
<CAPTION>
                                                    
                                         Limited     Managing General
                                         Partners        Partner
                                         --------    ----------------
<S>                                      <C>         <C>
Administrative Fee (a)                     99%              1%
Annual Realized Gains                      80%             20%
Annual Losses (b)                          80%             20%
General Income                             80%             20%
General Expense                            99%              1%
Income from Short-Term Investments         99%              1%
</TABLE>


                                       9

<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                         Notes to Financial Statements

                                 June 30, 1997
                                  (unaudited)

(a) Administrative overhead (exclusive of General Expenses, as defined in the
    Agreement) will be paid in its entirety by the Managing General Partner,
    which will receive the Administrative Fee for this purpose.

(b) Allocations of Annual Losses to the Managing General Partner in any given
    year are limited to the sum of its share of any Annual Realized Gains during
    that year plus any balance then remaining in its Capital Account. Any
    additional losses will be allocated 1% to the Managing General Partner.

Allocations of costs, expenses, profits and losses to and among the Limited
Partners shall be deemed to include the Individual General Partners to the
extent of their initial contributions to the capital of the Partnership, as
defined in the Agreement.

Income Taxes
No provision has been made for federal income taxes in the accompanying
financial statements as the revenue and expenses of the Partnership are
reportable in the income tax returns of its partners.

Valuation of Investments
Short-term investments with maturities of 60 days or less are recorded at
amortized cost or cost plus accrued interest which approximates market.
Investments with maturities greater than 60 days are generally recorded at
current value based upon quoted market prices or prices obtained from other
independent sources.

The portfolio investments are valued at $1,433,280 and $2,183,351 (64% and 70%
of total assets, respectively) at June 30, 1997 and December 31, 1996,
respectively.  These values have been estimated by the Managing General Partner
under the supervision of the Individual General Partners in the absence of
readily ascertainable market values.  The Managing General Partner follows the
guidelines listed below in valuing portfolio investments:

     . Portfolio investments are carried at cost until significant developments
       affecting the investee occur that provide a different basis for
       valuation.

     . Any publicly traded securities not subject to restrictions on free
       marketability are valued at a 10% discount from the quoted bid or closing
       price on the valuation date.

     . Increases or decreases in quoted market prices subsequent to the balance
       sheet date are not reflected in the valuations until the following
       period.

     . In all cases, valuations are based on the judgment of the Managing
       General Partner after consideration of the above and other factors
       including, but not limited to, original cost, operating results, and
       financial condition of the portfolio concerns.

                                      10
<PAGE>
 
                    BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                         Notes to Financial Statements

                                 June 30, 1997
                                  (unaudited)

Due to the inherent uncertainty of valuation, those estimated values may differ
significantly from the values that would have been used had a ready market for
the securities existed, and the differences could be material.

(3)  Transactions with Related Parties

Pursuant to the Partnership Agreement the Managing General Partner is to receive
an annual management fee (the "Administrative Fee") for providing ongoing
management and administrative services to the Partnership, equal to no more than
3% of the first $10,000,000 of limited partnership interests, plus 2% of the
excess over $10,000,000, payable quarterly in arrears. During the period from
commencement of operations through June 30, 1990, the Administrative Fee equaled
$300,000. The following reductions in the fee were agreed to by the Managing
General Partner:

<TABLE>
<CAPTION>
           Effective             Adjusted
             Date                  Fee
           ---------             --------
<S>                              <C>
         July  1, 1990           $282,420
         July  1, 1991           $251,040
         July  1, 1993           $219,660
         April 1, 1994           $156,900
         April 1, 1996           $141,210
</TABLE>

The actual Administrative Fees amounted to $70,605 for the period ended June 30,
1997.

Through June 30, 1990 each Individual General Partner received an annual fee of
$10,000, paid quarterly, from the Partnership, plus $1,000 for each day or part
thereof during which he attended meetings of the Partnership or related
committees, together with all reasonable out-of-pocket expenses relating to
attendance at these meetings. The following reductions were agreed to by the
Individual General Partners:

<TABLE>
<CAPTION>
      Effective         Adjusted         Adjusted
        Date           Annual Fee       Meeting Fee
      ---------        ----------       -----------
<S>                    <C>              <C>
                                      
    July  1, 1990       $9,000             $900
    July  1, 1991       $8,000             $800
    July  1, 1993       $7,000             $700
    April 1, 1994       $5,000             $500
    April 1, 1996       $4,500             $450
</TABLE>

Actual annual fees and reimbursements to the Individual General Partners totaled
$7,650 for the period ended June 30, 1997.

                                      11
<PAGE>
 
                   BOETTCHER VENTURE CAPITAL PARTNERS, L.P.
                            (A Limited Partnership)

                         Notes to Financial Statements

                                 June 30, 1997
                                  (unaudited)

(4)  Valuation Adjustments
     The change in the unallocated unrealized net appreciation of investments
     for the six months ended June 30, 1997 is comprised entirely of a decrease
     of $300,062 in the valuation of the Partnership's investment in INTERLINQ
     Software Corporation.

(5)  Subsequent Events
     In July, 1997, the Partnership sold 25,000 shares of INTERLINQ Software
     Corporation. The Partnership's realized gain on sale of investments will be
     reflected in the third quarter 1997 financial statements.

                                      12
<PAGE>
 
Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

  For the three and six months ended June 30, 1997, the Partnership had a net
investment loss of $21,019 and $46,194, respectively, representing an increased
loss of $891 (4%) and an improvement of $17,730 (28%) when compared to the
losses of $20,128 and $63,924 reported in the respective periods of 1996. The
net investment loss and realized gain allocable to partners for the period ended
June 30, 1997 was a gain of $67,465, compared to a loss of $63,924 in the
comparable quarter of 1996. In the first quarter of 1997 the Partnership sold
20,000 shares of its INTERLINQ stock resulting in a gain of $73,587 and
converted a portion of its Coleman Natural Products, Inc. warrants to common
stock, selling it and realizing a gain of $40,072. These transactions resulted
in a net realized gain on the sale of portfolio investments of $113,659. The
Partnership had no realized gains or losses on sales of portfolio investments in
the second quarter of 1997, or in the corresponding quarters in 1996.

  Interest and dividend income decreased $6,421 (22%) and increased $9,877 (22%)
to $22,829 and $54,265 for the three and six months ended June 30, 1997 when
compared to the corresponding periods in 1996. The decrease in interest and
dividend income in the current quarter is due to a one-time collection of
interest on a former venture capital investment in the second quarter of 1996.
The increase in interest and dividend income for the six months ended June 30,
1997 is due primarily to an increase in dividend accruals on the Partnership's
preferred stock investment in Coleman Natural Products, Inc. and the maintenance
of larger cash balances in its money market account in the current year.

  Total expenses were $43,847 and $100,458 for the three and six months ended
June 30, 1997, representing decreases of $5,530 (11%) and $7,853 (7%) when
compared to the corresponding periods in 1996. Fees paid to the Managing General
Partner and the Individual General Partners, were unchanged in the first half of
1997 when compared to the same period in 1996. See Note 3 of the Notes to
Financial Statements as contained in Item 1 of this report for further
discussion of these fees. Professional fees decreased $3,836 (56%) and $6,078
(28%) for the three and six months ended June 30, 1997 when compared to 1996,
primarily the result of increased legal costs in fiscal 1996 related to various
administrative issues of the Partnership.

Liquidity and Capital Resources

  Cash for the six months ended June 30, 1997 was $11,605, a decrease of $5,606
when compared to the 1996 fiscal year-end balance. This decrease is the net
result of the Partnership's net cash used in operations of $41,075, net cash
provided by investing activities of $934,049, and a distribution to partners
totaling $898,580.

  The Partnership's decrease in net assets for the six months ended June 30,
1997 amounted to $1,131,177, and is comprised of its net investment loss of
$46,194 and a net decrease in the unrealized appreciation of portfolio
investments of $300,062 combined with the realized gain on sale of portfolio
investments of $113,659. This change in unrealized appreciation was due solely
to a decline in the market value of the Partnership's investment in INTERLINQ
Software Corporation. In addition, distributions to the partners decreased net
assets by $898,580.

  It is the Partnership's intent to liquidate its remaining investments as
promptly as market conditions allow and subsequently dissolve the partnership
itself.

                                      13
<PAGE>
 
During the second quarter, the Managing General Partner learned that Peachtree
Partners had initiated a tender offer for up to 4.9% of the outstanding units of
the Partnership for $110 per unit. The tender offer was scheduled to expire on
June 13, 1997. At the time the Managing General Partner learned of the tender
offer, it determined that it would not express an opinion as to whether $110 was
a fair price or whether any limited partner should tender its units to Peachtree
Partners. In a letter sent to all limited partners with the Partnership's first
quarter results, the Managing General Partner advised the limited partners of
the following information so that they could make an informed decision regarding
the tender offer:

     . The Net Asset Value per $1,000 unit of limited partnership at March 31,
       1997 was approximately $267.37.  This value is determined based on total
       partnership capital at March 31, 1997 divided by the total units
       outstanding.

     . As previously announced, the Individual General Partners have determined
       that 1997 will be the final year of the Partnership's existence. We
       anticipate that the portfolio assets in the Partnership will be fully
       liquidated and a final cash distribution will be made to all Partners by
       the end of 1997 according to the terms of the Partnership Agreement.
       There is no guarantee that the liquidation value of each limited partner
       unit will be equal to the March 31, 1997 Net Asset Value assessment.
       However, if the liquidation of the Partnership was done at the March 31,
       1997 Net Asset Value, the Partners would receive an amount that
       approximates the March 31, 1997 Net Asset Value, less any costs of
       dissolution, as a final cash distribution. At this time, we have no way
       of knowing what the dissolution costs might be.

     . The terms of the tender offer made by Peachtree Partners may not comply
       with Federal securities laws and applicable regulations designed to
       protect offerees. In addition to requiring the bidder to provide
       meaningful information, the laws include provisions affording unit
       holders additional protection features such as certain withdrawal rights
       and proration of tenders if the offer is oversubscribed during the period
       the offer is required to remain open. If you have already tendered your
       units and desire to reconsider, you may be legally entitled to change
       your decision prior to expiration of the offer.

On June 30, 1997, the Net Asset Value per $1,000 unit of limited partnership was
approximately $181.39. The reduction in Net Asset Value from March 31, 1997 to
June 30, 1997 is largely due to the cash distribution of $70.00 per Partnership
unit made to all of the limited partners during the second quarter.

Based on partnership unit transfers handled by the Managing General Partner, it
appears that approximately 5.4% of the outstanding Partnership units are now
held by Peachtree Partners or its affiliated entities.

                                      14
<PAGE>
 
PART II.  Other Information

Item 1. Legal Proceedings

          Not Applicable.

Item 2. Changes in Securities

          Not Applicable.
  
Item 3. Defaults upon Senior Securities

          Not Applicable.

Item 4. Submission of Matters to a Vote of Security Holders

          Not Applicable.

Item 5. Other Information

          Not Applicable.

Item 6. Exhibits and Reports on Form 8-K

          No report on Form 8-K was filed for the period covered by this report.

                                      15
<PAGE>
 
                                   SIGNATURE


Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                           BOETTCHER VENTURE CAPITAL PARTNERS, L.P.

                           By:  EVEREN Securities, Inc.
                                Its Managing General Partner



Dated:  August 5, 1997     By:  /s/ Daniel D. Williams
                                ----------------------
                                 Daniel D. Williams
                                 Chief Financial Officer
                                 (Principal Financial and Accounting Officer
                                  of the Partnership)

                                      16