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 September 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 21
<TABLE>
                 PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

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

Cash and cash equivalents                    $  5,024,383   $
4,743,191

Investments in revenue bonds available for sale
117,786,000                                   110,696,721

Deferred bond selection fee, net                  888,301
1,048,032

Escrowed funds                                    932,251
774,756

Accrued interest receivable                       458,356
1,015,685

                                             $125,089,291
$118,278,385

                                
                LIABILITIES AND PARTNERS' CAPITAL

Excess of equity in losses of property-owning investees
 over investments therein                    $  6,656,249   $
6,098,642

Accounts payable and other liabilities          1,127,799
908,516

                                                7,784,048
7,007,158

Partners' capital:
 Net unrealized gain on revenue bonds available for sale
9,863,911                                       2,774,632
  General partner                                (668,277)
(647,230)
  Limited partner Assigned Benefit Certificates
   (7,454,110 ABCs outstanding)               108,109,609
109,143,825

Total Partners' capital                       117,305,243
111,271,227

                                             $125,089,291
$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 nine months ended September 30, 1997 and 1996
<CAPTION>


                              Three months ended          Nine
months ended
                                 September 30,
September 30,
                              1997     1996      1997     1996
<S>                                           <C>      <C>  <C>
<C>
Interest income:
 Revenue bonds             $2,797,259         $2,215,666
$7,213,145                 $6,818,899
 Short-term investments        60,221             38,858
137,926                       116,374

                            2,857,480          2,254,524
7,351,071                   6,935,273

Equity in losses of property-owning
 investees                    524,277             50,093
636,587                       600,363

Expenses:
 General and administrative            136,019             85,990
350,683                       273,754

Net income                 $2,197,184         $2,118,441
$6,363,801                 $6,061,156

Net income allocated to:
 Limited partner           $2,153,240         $2,076,072
$6,236,525                 $5,939,933
 General partner               43,944             42,369
127,276                       121,223
                           $2,197,184         $2,118,441
$6,363,801                 $6,061,156

Net income per Assigned Benefit
 Certificate               $      .29         $     .28     $
 .84  $      .80













  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
   DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                
                 STATEMENT OF PARTNERS' CAPITAL
                                
              Nine months ended September 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                6,236,525            127,276
6,363,801

Cash distributions       (7,270,741)          (148,323)
(7,419,064)

Net change in fair value of
 revenue bonds available
 for sale                    -          -     7,089,279
7,089,279

Partners' capital (deficit) at
 September 30, 1997    $108,109,609          $(668,277)
$9,863,911             $117,305,243




















                                
  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
   DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND, L.P.
                                
                    STATEMENTS OF CASH FLOWS
                                
          Nine months ended September 30, 1997 and 1996
                                
<CAPTION>
                                                1997       1996
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $ 6,363,801    $
6,061,156
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Equity in losses of property-owning investees
636,587                                          600,363
   Amortization of deferred bond selection fee
159,731                                          159,731
   Decrease in accrued interest receivable       557,329
86,909
   Increase in escrowed funds                   (157,495)
(135,482)
   Increase in accounts payable and other liabilities
219,283                                          231,737

     Net cash provided by operating activities
7,779,236                                      7,004,414

Cash flows used in investing activities:
 Investment in property-owning investees         (78,980)
(15,000)

Cash flows used in financing activities:
 Cash distributions                           (7,419,064)
(6,845,610)

Increase in cash and cash equivalents            281,192
143,804

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

Cash and cash equivalents at end of period   $ 5,024,383    $
5,399,390














        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 has  recently
issued    several    new   accounting   pronouncements.
Statement  No.  128,  "Earnings per Share"  establishes
standards  for  computing and presenting  earnings  per
share,   and   Statement  No.   129,   "Disclosure   of
Information   about   Capital  Structure"   establishes
standards for disclosing information about an  entity's
capital   structure.   These  two  standards  will   be
effective for the Partnership's 1997 year-end financial
statements.     Statement    No.    130,     "Reporting
Comprehensive   Income"   establishes   standards   for
reporting and display of comprehensive income  and  its
components.   Statement  No.  131,  "Disclosures  about
Segments  of  an  Enterprise and  Related  Information"
establishes standards for the way that public business

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
             NOTES TO FINANCIAL STATEMENTS
                           
enterprises report information about operating segments
in  annual financial statements and requires that those
enterprises report selected information about operating
segments   in  interim  financial  reports  issued   to
shareholders.    It  also  establishes  standards   for
related   disclosure  about  products   and   services,
geographic  areas,  and  major  customers.   These  two
standards  are  effective for  the  Partnership's  1998
financial statements.

Management  of  the Partnership does not  believe  that
these  new  standards  will  have  any  effect  on  the
Partnership's computation or presentation of net income
or net income per unit of limited partnership interest,
or  its  disclosures  of capital  structure,  or  other
disclosures,  except  that changes  in  net  unrealized
gains or losses on the Partnership's revenue bonds will
be  included  in a computation of comprehensive  income
and comprehensive income per ABC.
                           
2.   Investment in Revenue Bonds

The Partnership recognized provisions for uncollectible
interest  of $685,547 and $729,134 for the nine  months
ended  September 30, 1997 and 1996, respectively, which
amounts  represent accrued but unpaid interest  on  the
Park  at  Landmark  revenue bond.  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,

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

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   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  September 30, 1997 and  December  31,
1996.  Net unrealized gain on revenue bonds consists of
gross  unrealized  gains and losses of  $9,984,000  and
$120,089,  respectively,  at  September  30,  1997  and
$7,498,238  and $4,723,606, respectively,  at  December
31, 1996.

On October 24, 1997, Mid-America Apartment Communities,
Inc.  purchased the Township in Hampton  Woods  revenue
bond from the Partnership for the outstanding principal
balance due of $10,800,000 and deferred interest due of
approximately  $762,000.  The  net  proceeds,  totaling
approximately  $11,562,000, were received  in  cash  at
closing.   The Partnership will distribute the proceeds
to the Investors during the fourth quarter of 1997.
                           
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  nine-months  ended
September  30, 1997 and 1996, the Partnership  incurred
approximately  $386,000  for  these  services.   As  of
September   30,   1997,   the   affiliate   was    owed
approximately  $15,600  for  these  services.   Another
affiliate of the General Partner earned fees of $79,615
and  $76,424 for the management of the Park at Landmark
property  during  the nine months ended  September  30,
1997 and 1996, respectively.  As of September 30, 1997,
the

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

affiliate was owed approximately $9,172 by the owner of
Park at Landmark for these services.

4.     Litigation

Various   public  partnerships  sponsored   by   Realty
(including the Partnership and its 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  Investor  in  the
Partnership  filed a petition against  the  Partnership
and  the  General Partner.  The action seeks access  to
the  list  of  Investors and Limited  Partners  in  the
Partnership   and  unspecified  damages   for   alleged
breaches  of fiduciary duty by the General  Partner  in
connection with the refusal to provide such list.   The
Partnership and the General Partner believe  that  they
have good defenses in the action.

5.   Cash Distributions

On  November  12,  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>

                                     September      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  Morgan
Stanley, 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 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.

On  October 24, 1997 the Partnership sold the  Township
in  the  Hampton  Woods revenue bond for  approximately
$11,562,000  (see Note 2 to the consolidated  financial
statements).   The  Partnership  will  distribute   the
proceeds  from  the  sale to the Investors  during  the
fourth  quarter  of 1997.  During 1996  and  the  nine-
months  ending  September 30, 1997,  the  Partnership's
cash  interest  received on the bond was  approximately
$1,060,000 and $717,000, respectively.

Due  to favorable operating fundamentals and increasing
investor interest in apartment properties, the Managing
General   Partner  is  considering  a   sale   of   the
Partnership's mortgage investments and equity ownership
interests  in  order  to capitalize  on  improved  real
estate  and loan values.  The Managing General  Partner
has                                            retained

 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
             NOTES TO FINANCIAL STATEMENTS
                           
a  broker  to  assist in the sale of these investments,
but  there  is  no  assurance that  any  sale  will  be
completed.

As   of   September  30,  1997,  the  Partnership   has
commitments  to  contribute approximately  $71,000  for
building   improvements  at  the  Sunbrook   Apartments
property  in  which the Partnership has  a  50%  equity
interest.

Strong  growth  in  many markets continued  to  provide
increased  demand  for  apartments  during  the   third
quarter   of   1997.   Rising  rents  and  appreciating
apartment values have led to apartment construction  in
certain  areas.  In and around cities such as  Atlanta,
Orlando,  Albuquerque and Washington,  D.C.,  apartment
development  has increased, with much  of  the  current
construction  targeted at the luxury apartment  market.
The  addition of luxury units is generally positive  in
the    short-term;    however,   continued    apartment
development  (luxury  or  otherwise)  that  creates  an
oversupply  may  negatively  affect  occupancy  levels,
rental rates and property values over the longer term.

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  economic  events
affecting  the  real estate collateralizing  the  bonds
such   as  property  occupancy  rates,  rental   rates,
operating   costs,  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.
 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

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

Cash  flow  from  the High Ridge Apartments,  Wildcreek
Apartments    and   Burlington   Arboretum   Apartments
properties  enabled their owners to  pay  debt  service
during  the  nine months ended September  30,  1997  at
effective  interest rates of 7.91%,  8.58%  and  8.74%,
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.  The owner of the  Township  in
Hampton  Woods  property  paid  debt  service   at   an
effective  rate  of  8.85%.  As  described  above,  the
Partnership sold the Township in Hampton Woods bond  on
October 24, 1997.

Cash  flow  from the Pine Club Apartments  enabled  its
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 nine months ended September 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  expects that it will continue to do so  during
the  remainder  of  1997.  As of  September  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 cash flow
surplus  for the nine months ended September  30,  1997
and  the  owner  was  able  to  pay  its  minimum  debt

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

service  and  additional base interest at an  effective
interest rate of 9.30%.  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 nine months ended
September 30, 1997, the Partnership received $1,263,515
from  the  property; this amount was less than required
minimum  debt  service  by $685,547.   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  November 12, 1997, the Partnership paid  the  third
quarter   cash  distribution  of  $2,422,588   to   the
Investors  ($0.325 per ABC) and $49,441 to the  General
Partner.

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

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

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

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 nine-month periods ended September  30,
1997  compared  to 1996 were primarily attributable  to
the following:

Interest income from revenue bonds increased during the
three months ended September 30, 1997 primarily due  to
increases  in  interest  from  the  Park  at  Landmark,
($256,000),   Sunbrook   ($250,000),   and   Burlington
Arboretum ($115,000) properties.  Interest income  from
revenue  bonds increased during the nine  months  ended
September  30,  1997  primarily  due  to  increases  in
interest  from  the Burlington Arboretum  and  Sunbrook
Apartments  properties, offset  by  decreased  interest
primarily  from the Township in Hampton Woods  property
due  to a loan default settlement received in the first
quarter of 1996; none of the increases during the  nine
months was individually significant.

Equity in losses of property-owning investees increased
during the three-months ended September 30, 1997 due to
increased  bond  interest  payments  on  the  Park   at
Landmark   and   Sunbrook  Apartments   properties   of
approximately $256,000 and $250,000, respectively.

General  and  administrative expenses increased  during
the  nine months ended September 30, 1997 primarily due
to  increased  costs related to the  marketing  of  the
revenue bonds for possible sale.

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     2%.     Occupancy     during      the

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

third  quarter remained at 98%.  Rental rates  remained
steady.    No  rent  increases  are  planned  for   the
remainder  of  1997.   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,
however, rental rates may become more competitive  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%.
Rental  concessions  and free rent  are  no  longer  in
effect   at   most  properties  and  a  few  properties
increased rent slightly.  Rents have increased slightly
on  some units at the property during the third quarter
of  1997.  Occupancy at the property increased  to  97%
during the third quarter.

Pine  Club Apartments, located in Orlando, FL, operates
in   a   market   with  a  current  vacancy   rate   of
approximately  6%.  The market remains  strong  due  to
continued growth in the Orlando area.  Several high-end
luxury  complexes completed in 1996 have not negatively
affected the property. Occupancy at the property during
the  third quarter increased slightly to 91%.  No  rent
increases  occurred during the third quarter  and  none
are planned during the remainder of 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
early  summer  months, and decreases  during  the  late
summer, fall, and winter months.  Occupancy during  the
third  quarter  decreased  to  87%  No  rent  increases
occurred during the third quarter and none are  planned
during the remainder of 1997.
 DEAN WITTER/COLDWELL BANKER TAX EXEMPT MORTGAGE FUND,
                         L.P.
                           
                     TEMPO-LP INC.

Wildcreek  Apartments,  located  in  Clarkston,  GA,  a
suburb  of  Atlanta, is in a highly competitive  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 remained  at  94%
during the third quarter.

High  Ridge Apartments, located in Albuquerque, NM,  is
in  a weak market currently experiencing a 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.   New   units
completed  in  the second quarter may adversely  impact
the  property  in  1997.   Occupancy  at  the  property
remained at 94%.

Fountain  Head Apartments, located in Kansas City,  MO,
is  in  a  stable  market with a vacancy  rate  of  5%.
Occupancy  during  the third quarter remained  at  98%.
Rental rates remained flat during the third quarter and
no increases are planned for 1997.  New apartment units
are  under  construction,  but  are  not  expected   to
adversely affect the property.

The  Township in Hampton Woods property was 95%  leased
during  the  third quarter.  The bond  encumbering  the
property  was  sold by the Partnership on  October  24,
1997   (See   Note  2  to  the  consolidated  financial
statements).

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


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


                              TEMPO-LP, INC.

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


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

                    Exhibit Index


           Quarter Ended September 30, 1997




Exhibit
  No.                       Description

 27                  Financial Data Schedule






























                          E1