5
                                
                                
                                

                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                                
                            FORM 10-Q
                                
    [ X ]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
               For the period ended June 30, 1997
                                
                               OR

    [   ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
      For the transition period from ________ to ________.
                                
                Commission File Number:  0-15764

      DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                  TEMPO-LP, INC.
 (Exact name of registrant as specified in governing instrument)


                                    Dean  Witter/Coldwell  Banker
Tax
                                     Exempt Mortgage Fund, L.P.
              Delaware                              58-1710934
        (State    of   organization)              (IRS   Employer
Identification No.)


                                            TEMPO-LP, Inc.
                                               58-1710930
                                    (IRS  Employer Identification
No.)


     2 World Trade Center, New York, NY             10048
  (Address of principal executive offices)        (Zip Code)
                                
Registrant's telephone number, including area code: (212)
392-1054

Former  name, former address and former fiscal year,  if  changed
since last report:  not applicable

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

                          Page 1 of 20
<TABLE>
                 PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

   DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                
BALANCE SHEETS
<CAPTION>
                                              June 30, December
31,
                                                1997       1996

                             ASSETS
<S>                                                         <C>
<C>
Cash and cash equivalents                    $  4,684,788   $
4,743,191

Investments in revenue bonds available for sale
111,747,000                                   110,696,721

Deferred bond selection fee, net                  941,545
1,048,032

Escrowed funds                                    832,949
774,756

Accrued interest receivable                       571,437
1,015,685

                                             $118,777,719
$118,278,385

                                
                LIABILITIES AND PARTNERS' CAPITAL

Excess of equity in losses of property-owning investees
 over investments therein                    $  6,187,157   $
6,098,642

Accounts payable and other liabilities          1,049,474
908,516

                                                7,236,631
7,007,158

Partners' capital:
 Net unrealized gain on revenue bonds available for sale
3,824,911                                       2,774,632
  General partner                                (662,780)
(647,230)
  Limited partner Assigned Benefit Certificates
   (7,454,110 ABCs outstanding)               108,378,957
109,143,825

 Total Partners' capital                      111,541,088
111,271,227

                                             $118,777,719
$118,278,385

  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
   DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                
                        INCOME STATEMENTS
                                
        Three and six months ended June 30, 1997 and 1996

<CAPTION>

                              Three months ended          Six
months ended
                                  June 30,           June 30,
                              1997     1996      1997     1996
<S>                                           <C>      <C>  <C>
<C>
Interest income:
 Revenue bonds             $2,207,278         $2,310,451
$4,415,886                 $4,603,233
 Short-term investments        49,208             43,468
77,705                         77,516

                            2,256,486          2,353,919
4,493,591                   4,680,749

Equity in losses of property-owning     40,211            318,267
112,310                       550,270
 investees

Expenses:
 General and administrative             96,544             93,548
214,664                       187,764

Net income                 $2,119,731         $1,942,104
$4,166,617                 $3,942,715

Net income allocated to:
 Limited Partner           $2,077,337         $1,903,262
$4,083,285                 $3,863,861
 General Partner               42,394             38,842
83,332                         78,854
                           $2,119,731         $1,942,104
$4,166,617                 $3,942,715

Net income per Assigned Benefit
 Certificate               $      .28         $      .26    $
 .55  $      .52













  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
   DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                
                 STATEMENT OF PARTNERS' CAPITAL
                                
                 Six months ended June 30, 1997
<CAPTION>
                                                 Net
                                             Unrealized
                                               Gain on
                         Limited    General    Revenue
                         Partner    Partner     Bonds      Total
<S>                                          <C>       <C>  <C>
<C>
Partners' capital (deficit) at
 December 31, 1996     $109,143,825          $(647,230)
$2,774,632             $111,271,227

Net income                4,083,285             83,332
4,166,617

Cash distributions       (4,848,153)           (98,882)
(4,947,035)

Net change in fair value of
 revenue bonds available for
 sale                                    -        -    1,050,279
1,050,279

Partners' capital (deficit) at
 June 30, 1997         $108,378,957          $(662,780)
$3,824,911             $111,541,088



















                                
                                
  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
   DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                
                    STATEMENTS OF CASH FLOWS
                                
             Six months ended June 30, 1997 and 1996
<CAPTION>

                                                1997       1996
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $ 4,166,617    $
3,942,715
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Equity in losses of property-owning investees
112,310                                          550,270
   Amortization of deferred bond selection fee
106,487                                          106,487
   Decrease (increase) in accrued interest receivable
444,248                                         (132,247)
   Increase in escrowed funds                    (58,193)
(49,881)
   Increase in accounts payable and other liabilities
140,958                                           51,842

     Net cash provided by operating activities
4,912,427                                      4,469,186

Cash flows used in investing activities:
 Investment in property-owning investees         (23,795)
(15,000)

Cash flows used in financing activities:
 Cash distributions                           (4,947,035)
(4,563,740)

Decrease in cash and cash equivalents            (58,403)
(109,554)

Cash and cash equivalents at beginning of period
4,743,191                                      5,255,586

Cash and cash equivalents at end of period   $ 4,684,788    $
5,146,032














        See accompanying notes to consolidated financial
                           statements.
     </TABLE>
 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
             NOTES TO FINANCIAL STATEMENTS
                           
1.   The Partnership and Accounting Policies

Dean  Witter/Coldwell Banker Tax Exempt Mortgage  Fund,
L.P.  (the  "Partnership")  is  a  limited  partnership
organized  under the laws of the State of  Delaware  on
August 20, 1986.

The Partnership's records are maintained on the accrual
basis  of  accounting for financial reporting  and  tax
purposes.

Net income per Assigned Benefit Certificate ("ABC")  is
calculated  by  dividing net income  allocated  to  the
Investors,   in   accordance   with   the   Partnership
Agreement, by the number of ABCs outstanding.

In   the   opinion  of  management,  the   accompanying
financial  statements,  which have  not  been  audited,
include  all  adjustments, consisting  only  of  normal
recurring  accruals, necessary to  present  fairly  the
results for the interim periods.

These   financial   statements  should   be   read   in
conjunction  with the annual financial  statements  and
notes  thereto  included  in the  Partnership's  annual
report  on  Form  10-K filed with  the  Securities  and
Exchange  Commission for the year  ended  December  31,
1996  Operating results of interim periods may  not  be
indicative  of  the operating results  for  the  entire
year.

The   Financial  Accounting  Standards   Board   issued
Statement  of Financial Accounting Standards  No.  128,
"Earnings   per   Share"  in  February,   1997.    This
pronouncement  establishes standards for computing  and
presenting earnings per share, and is effective for the
Partnership's 1997 year-end financial statements.   The
Partnership's  management  has  determined  that   this
standard  will  have  no impact  on  the  Partnership's
computation or presentation of net income per  unit  of
limited partnership interest.

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
             NOTES TO FINANCIAL STATEMENTS
                           
2.   Investment in Revenue Bonds

The Partnership recognized provisions for uncollectible
interest  of $644,095 and $431,654 for the  six  months
ended  June  30,  1997  and 1996,  respectively,  which
amounts  represent accrued but unpaid interest  on  the
Park  at Landmark revenue bond in 1997 and 1996.  These
amounts were recorded as a reduction of interest income
from revenue bonds.  The Partnership has estimated that
the  fair  value of the Park at Landmark property  (the
underlying  collateral on the revenue bond) is  greater
than the carrying value of the revenue bond.

Because  the  revenue bonds are not readily marketable,
the  Partnership estimates the fair value of each  bond
as the present value of its expected cash flows using a
rate  of  interest for similar investments taking  into
account   the   estimated  value  of   the   underlying
collateral.  The process of determining the fair  value
of  the  revenue  bonds is based  upon  projections  of
future   economic  events  affecting  the  real  estate
collateralizing  the bonds such as  property  occupancy
rates,  rental rates, operating cost inflation,  market
capitalization  rates, and upon market interest  rates;
therefore,  amounts  ultimately  collected   from   the
revenue bonds may differ materially from their carrying
values.  The cash flows used in this process are  based
on  good  faith estimates and assumptions developed  by
the Managing General Partner.  Unanticipated events and
circumstances  may occur and some assumptions  may  not
materialize;  therefore, actual results may  vary  from
the estimates and the variance may be material.

The  amortized  cost  basis of the  revenue  bonds  was
$107,922,089  at June 30, 1997 and December  31,  1996.
Net  unrealized gain on revenue bonds consists of gross
unrealized   gains   and  losses  of   $7,583,000   and
$3,758,089,   respectively,  at  June  30,   1997   and
$7,498,238  and $4,723,606, respectively,  at  December
31, 1996.

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
             NOTES TO FINANCIAL STATEMENTS

The  Partnership  and  the owner  of  the  Township  in
Hampton  Woods  property are currently in  negotiations
for  the  repayment  by the owner  of  its  $10,800,000
revenue bond.
                           
3.   Related Party Transactions

An  affiliate  of  the  General Partner  performs  bond
servicing   and  administrative  functions,   processes
investor transactions and prepares tax information  for
the Partnership.  For each of the six-months ended June
30,   1997   and   1996,   the   Partnership   incurred
approximately $258,000 for these services.  As of  June
30,  1997, the affiliate was owed approximately $97,000
for these services.
Another affiliate of the General Partner earned fees of
$52,175  and $50,058 for the management of the Park  at
Landmark property during the six months ended June  30,
1997 and 1996, respectively.  As of June 30, 1997,  the
affiliate was owed approximately $8,900 by the owner of
Park at Landmark for these services.

4.     Litigation

Various   public  partnerships  sponsored   by   Realty
(including  the  Partnership and its  Managing  General
Partner)  are  defendants  in  purported  class  action
lawsuits  pending  in  state  and  federal  court.  The
complaints allege a number of claims, including  breach
of  fiduciary  duty,  fraud and misrepresentation,  and
seek  an accounting of profits, compensatory and  other
damages  in an unspecified amount, possible liquidation
of  the Partnership under a receiver's supervision  and
other  equitable relief.  The defendants are vigorously
defending  these actions.  It is impossible to  predict
the  effect, if any, the outcome of these actions might
have on the Partnership's financial statements.

On  or  about  August 27, 1996, an ABC  Holder  in  the
Partnership  filed a petition against  the  Partnership
and  the  General Partner.  The action seeks access  to
the  list  of ABC holders and Limited Partners  in  the
Partnership   and  unspecified  damages   for   alleged
breaches  of fiduciary duty by the General  Partner  in
connection                   with                   the

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
             NOTES TO FINANCIAL STATEMENTS
                           
refusal to provide such list.  The Partnership and  the
General Partner believe that they have good defenses in
the action.

5.   Cash Distributions

On  August  11,  1997,  the  Partnership  paid  a  cash
distribution of $2,422,588 to the Investors ($0.325 per
ABC) and $49,441 to the General Partner.

<TABLE>
                     TEMPO-LP INC.
                           
                    BALANCE SHEETS

<CAPTION>

                                    June  30,  December
31,
                                      1997       1996

                        ASSETS
<S>                                         <C>   <C>
Cash                               $  900     $  900

Investment in Partnership, at cost    100        100

                                   $1,000     $1,000


                 STOCKHOLDER'S EQUITY

Common stock, $1 par value, 1,000 shares
  authorized and outstanding       $1,000     $1,000
















               See accompanying note.
</TABLE>
                     TEMPO-LP INC.
                           
                NOTE TO BALANCE SHEETS


1.   Organization

TEMPO-LP, Inc. (the "Corporation"), was formed in April
1986   to   be   the  limited  partner  of   the   Dean
Witter/Coldwell Banker Tax Exempt Mortgage  Fund,  L.P.
(the  "Partnership").  The Partnership  issued  limited
partnership interests to the Corporation, which in turn
assigned   those  limited  partnership   interests   to
investors.    Investors   received   assigned   benefit
certificates  to  represent  the  limited   partnership
interests assigned to them.  The Corporation has had no
activity  since  assignment of the limited  partnership
interests in 1986.

The  Corporation's  capital  stock  is  owned  by  Dean
Witter, Discover & Co.
 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

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

Liquidity and Capital Resources

The   Partnership  raised  $149,082,200  in  a   public
offering  of  7,454,110 ABCs which  was  terminated  in
1987.    The  Registrants  have  no  plans   to   raise
additional capital.

The  Partnership  has purchased ten series  of  revenue
bonds, the proceeds of which funded the development  of
eight   multi-family   residential   properties    (the
"Properties").   The Partnership's acquisition  program
has  been  completed.   No additional  investments  are
planned.

Cash  flow  generated by the Properties is the  primary
source  of  all payments due the Partnership under  the
terms of the revenue bonds, which are collateralized by
the Properties.

The  Partnership's business is indirectly  affected  by
competition  to the extent that the Properties  may  be
subject to competition from neighboring properties.

The economic expansion continues and has provided for a
rebound  in  real  estate markets.   In  the  apartment
sector, supply and demand are generally in balance  and
continued  moderate economic growth resulted in  steady
demand  for  apartment units during the second  quarter
1997.  Rental  rates  did  not  increase  significantly
during the second quarter 1997 due to competition  from
new apartment projects.

Because the revenue bonds owned by the Partnership  are
not  readily marketable, the Partnership estimates  the
fair  value  of each bond as the present value  of  its
expected  cash  flows  using a  rate  of  interest  for
similar  investments taking into account the  estimated
value  of  the underlying collateral.  The  process  of
determining  the  fair value of the  revenue  bonds  is
based       upon      projections       of       future

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

economic    events    affecting   the    real    estate
collateralizing  the bonds such as  property  occupancy
rates,  rental rates, operating cost inflation,  market
capitalization  rates, and upon market interest  rates;
therefore,  amounts  ultimately  collected   from   the
revenue bonds may differ materially from their carrying
values.  The cash flows used in this process are  based
on  good  faith estimates and assumptions developed  by
the Managing General Partner.  Unanticipated events and
circumstances  may occur and some assumptions  may  not
materialize;  therefore, actual results may  vary  from
the estimates and the variance may be material.

The  payment status of each revenue bond during the six
months ended June 30, 1997 was as follows:

Cash  flow from the High Ridge Apartments, Township  in
Hampton  Woods  Apartments,  Wildcreek  Apartments  and
Burlington  Arboretum  Apartments  properties   enabled
their  owners to pay debt service during the six months
ended  June  30,  1997 at effective interest  rates  of
7.89%,  8.52%,  8.65%  and 8.58%, respectively.   These
payment  rates equaled or exceeded the minimum interest
required  on the respective loans; the excess  payments
were applied to base interest.  During the remainder of
1997,  each of these properties is expected to  operate
at  a modest cash flow surplus after payment of minimum
debt service and, therefore, should be able to continue
to pay a portion of base interest during 1997.

Cash  flow from the Pine Club Apartments enabled  their
owner  to  pay minimum debt service.  The  property  is
expected  to  generate  sufficient  cash  flow  to  pay
minimum debt service during the remainder of 1997.

During the six months ended June 30, 1997, the Fountain
Head  property,  owned 50% each by the Partnership  and
Fountain Head Partners, an unaffiliated party, operated
at  approximately breakeven on a cash flow basis (after
required   minimum  debt  service  and   additions   to
replacement   reserves)   and   the   General   Partner

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

expects  that  it  will continue to do  so  during  the
remainder of 1997.  As of June 30, 1997, Fountain  Head
Partners  has  a remaining commitment to fund  property
operating  deficits of $26,500 secured by a  letter  of
credit in favor of the Partnership.

All of the cash flow generated by the SunBrook property
(which  is partly owned by the Partnership) is paid  to
the  Partnership.  The property operated  at  a  modest
cash  flow  surplus for the six months ended  June  30,
1997  and  the  owner was able to pay its minimum  debt
service.  Cash flow from the property is expected to be
sufficient to fully pay minimum debt service during the
remainder of 1997.

All  of the cash flow generated by the Park at Landmark
property (which is partly owned by the Partnership)  is
paid  to the Partnership.  During the six months  ended
June  30, 1997, the Partnership received $655,280  from
the  property;  this  amount  was  less  than  required
minimum  debt  service  by $644,095.   The  Partnership
believes that cash flow from the property will  not  be
sufficient  to fully pay minimum debt service  for  the
next  several  years.   However,  the  Partnership  has
estimated  that the value of the property  exceeds  the
carrying value of the loan.

On  August  11, 1997, the Partnership paid  the  second
quarter   cash  distribution  of  $2,422,588   to   the
Investors  ($0.325 per ABC) and $49,441 to the  General
Partner.

The  Partnership has been notified by the owner of  the
Township  in  Hampton  Woods property  of  the  owner's
intention to prepay its $10,800,000 revenue bond during
the  third  quarter of 1997.  Both parties are  in  the
process  of  determining  the total  prepayment  amount
which is contingent on the agreed-upon market value  of
the property.  If the bond is prepaid, proceeds will be
distributed to the Investors and the Partnership's cash
flow  available  for distribution will  decrease.   The
Partnership received approximately $920,000 of  minimum
interest  on  the bond for the year-ended December  31,
1996.
 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

Accrued interest receivable decreased primarily due  to
the  accrual of approximately $558,000 of interest from
the  Park  at Landmark property at December  31,  1996,
which was received in January 1997.

Except   as  discussed  herein  and  in  the  financial
statements,  the General Partner is not  aware  of  any
trends or events, commitments or uncertainties that may
have a material impact on liquidity.

In  June  1996, the Internal Revenue Service  published
final  regulations with respect to the modification  of
debt   instruments.    These   regulations,   effective
September  24,  1996,  limit the  type  and  extent  of
direct, indirect and implied modifications that can  be
made by a bond holder with respect to the terms of  the
revenue  bonds  without adversely  affecting  the  tax-
exempt status of the revenue bonds.  The Partnership is
in  the  process of determining what actions,  if  any,
should  be taken with respect to certain of the revenue
bonds  held by the Partnership which may be subject  to
the provisions of these regulations.

Operations

Fluctuations in the Partnership's operating results for
the  three- and six-month periods ended June  30,  1997
compared  to  1996 were primarily attributable  to  the
following:

Interest income from revenue bonds decreased during the
three  months ended June 30, 1997 primarily  due  to  a
decrease   in  interest  from  the  Park  at   Landmark
property,  offset by increased interest primarily  from
the   Burlington  Arboretum  and  Wildcreek  Apartments
properties of approximately $148,000.  Interest  income
from  revenue  bonds decreased during  the  six  months
ended June 30, 1997 due to a decrease in interest  from
the Park at Landmark ($212,000) and Township in Hampton
Woods  ($137,000) properties.  The Township in  Hampton
Woods   decrease   is  primarily  attributable   to   a
nonrecurring $108,000 loan default settlement  received
in  the  first  quarter of 1996.  These decreases  were
offset   by  increased  interest  primarily  from   the
Burlington Arboretum property.
 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

Equity in losses of property-owning investees decreased
during  the three- and six-months ended June  30,  1997
due to decreased bond interest payments on the Park  at
Landmark   property  of  approximately   $217,000   and
$212,000,   respectively.   Equity   in   losses   also
decreased   during  both  periods  primarily   due   to
increased  rental  income  at  the  Sunbrook,  Park  at
Landmark  and  Fountainhead properties;  no  individual
property  accounted for a significant  portion  of  the
increase.

General  and  administrative expenses increased  during
the  six  months ended June 30, 1997 primarily  due  to
increased costs related to investor reporting.

A  summary  of the markets in which the Properties  are
located is as follows:

Burlington Arboretum Apartments, located in Burlington,
MA,  a  suburb  of Boston, continues to  operate  in  a
strong   market   with  a  current  vacancy   rate   of
approximately  5%. Occupancy during the second  quarter
increased   to  98%  and  rental  rates  increased   by
approximately 4% in the second quarter.  New  apartment
construction  is  planned  in several  nearby  counties
which,  if completed, would add nearly 1,500 apartments
into  this region.  All planned properties are  luxury-
type  apartments with anticipated rents  above  current
rents at Burlington Arboretum Apartments.  As a result,
relatively  high rents may be sustained in this  market
in  the  near  term, but excess supply  may  negatively
affect rents and occupancy levels over the longer term.

The  Park  at Landmark property, located in Alexandria,
VA,  continues to operate in a very competitive  market
experiencing a vacancy rate of approximately 10%.   The
property  has discontinued offering rental  concessions
and  free  rent to compete with surrounding  properties
and  minimal  rent  increases have  occured  at  a  few
competing   properties.   Occupancy  at  the   property
increased to 94% during the second quarter.

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

Pine  Club Apartments, located in Orlando, FL, operates
in   a   market   with  a  current  vacancy   rate   of
approximately  6%.   The  market  continues  to  remain
strong  due to steady employment growth in the  Orlando
area.   The  completion of several new high-end  luxury
complexes  in  1996  has  not negatively  affected  the
property.  Occupancy at the property during the  second
quarter decreased to 90% due to unexpected tenant move-
outs.    These  units  are  expected  to  be  re-leased
quickly.   Pine  Club increased rents approximately  2%
during the second quarter 1997.

SunBrook Apartments, located in St. Charles County, MO,
a  suburb  of  St.  Louis, is  in  a  market  currently
experiencing a vacancy rate of approximately  7%.   The
complex consists primarily of furnished apartments  and
offers  short-term leases to corporate renters.  Market
demand  for  the units increases during the spring  and
summer  months and occupancy during the second  quarter
increased  to 92%.  Rent increases of approximately  3%
were initiated in the second quarter.

Wildcreek  Apartments,  located  in  Clarkston,  GA,  a
suburb of Atlanta, is in a mature market with a current
vacancy  rate of approximately 10%. There continues  to
be   minimal  new apartment construction in  this  sub-
market   and  rental  rates  have  remained   stagnant.
Occupancy  at the property decreased to 94% during  the
second quarter.

The  Township  in  Hampton Woods property,  located  in
Hampton, VA, operates in a market (with a vacancy  rate
of  approximately 5%) which is primarily  dependent  on
the  defense industry.  This market continues to remain
very competitive as an adjacent property completed  new
units  in  the second quarter of 1997 which is expected
to  negatively  impact  the property.   Additional  new
construction in progress is also expected to negatively
affect  the property in the future.  Occupancy  at  the
property increased to 94%.

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

High  Ridge Apartments, located in Albuquerque, NM,  is
in  a  weakening market experiencing a current  vacancy
rate   of   approximately  9%.    Competing   apartment
buildings  continue  to  offer  rental  concessions  to
attract  new  tenants  and the property  has  decreased
rents  on selected units to remain competitive.   Newly
completed units in the market in the second quarter may
adversely  impact the property in 1997.   Occupancy  at
the property decreased to 94%.

Fountain  Head Apartments, located in Kansas City,  MO,
operates  in  a  market  with a  vacancy  rate  of  5%.
Occupancy  during the second quarter increased  to  98%
and  an  approximate 2% rent increase occurred  in  the
second   quarter.   New  apartment  units   are   under
construction, but are not expected to adversely  affect
the property.

Inflation

Inflation has been consistently low during the  periods
presented in the financial statements and, as a result,
has  not had a significant effect on the operations  of
the Partnership or its properties.


 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.


PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K

       (a)  Exhibits

             An exhibit index has been filed as part of
this Report
            on Page E1.

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

                      SIGNATURES

Pursuant to the requirements of the Securities Exchange
Act  of  1934,  the Registrants have duly  caused  this
report  to be signed on their behalf by the undersigned
thereunto duly authorized.

                                 DEAN   WITTER/COLDWELL
BANKER
                              TAX EXEMPT MORTGAGE FUND,
L.P.

                         By:       TEMPO-GP, INC.
                              Managing General Partner


Date:   August  13,  1997    By:        /s/E.  Davisson
Hardman, Jr.
                              E. Davisson Hardman, Jr.
                              President


Date:   August  13, 1997       By:          /s/Lawrence
Volpe
                              Lawrence Volpe
                              Controller
                               (Principal Financial and
Accounting Officer)


                              TEMPO-LP, INC.

Date:   August  13,  1997       By:     /s/E.  Davisson
Hardman, Jr.                       E. Davisson Hardman,
Jr.
                              President


Date:  August 13, 1997      By:    /s/Lawrence Volpe
                              Lawrence Volpe
                              Controller
                              (Principal Financial and
                               Accounting Officer)

                    Exhibit Index


             Quarter Ended June 30, 1997




Exhibit
  No.                       Description

 27                  Financial Data Schedule






























                          E1