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                      MARCH 31, 1999        
                              --------------------------------------------------

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                              2-77330                   
                      ----------------------------------------------------------

                           PROPERTY RESOURCES FUND VI
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)



CALIFORNIA                                                 94-2838890 
--------------------------------------------------------------------------------
(State or other jurisdiction of           (I.R.S.  Employer Identification No.)
incorporation or organization)   


                P. O. BOX 7777, SAN MATEO, CALIFORNIA 94403-7777
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code       (650) 312-2000 
                                                  ------------------------------



                                      N/A
--------------------------------------------------------------------------------
   Former name, former address and former fiscal year, if changed since last
                                    report


   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 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      

Limited Partnership Units Outstanding as of March 31, 1999: 21,585


                        PART I - FINANCIAL INFORMATION

                         ITEM 1. FINANCIAL STATEMENTS

                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                          CONSOLIDATED BALANCE SHEETS
                     MARCH 31, 1999 AND DECEMBER 31, 1998


   
                                                     UNAUDITED
                                                MARCH 31  DECEMBER 31
(Dollars in thousands)                              1999         1998
---------------------------------------------------------------------
ASSETS:
Real estate:
  Land                                              $999        $999
  Land improvements                                  179         179
  Buildings and improvements                       2,295       2,286
  Furnishings and equipment                          418         418
---------------------------------------------------------------------
                                                   3,891       3,882

  Less: accumulated depreciation                   1,932       1,911
---------------------------------------------------------------------
Total real estate, net                             1,959       1,971


Cash and cash equivalents                          1,164       1,143
Other assets, net                                    227         306
---------------------------------------------------------------------

   Total assets                                   $3,350      $3,420
=====================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY:
 Notes payable                                    $2,115      $2,121
 Accrued interest due to General Partner             527         527
 Deposits and other liabilities                      126         214
---------------------------------------------------------------------

Total liabilities                                  2,768       2,862
---------------------------------------------------------------------

Partners' capital:
  Limited partners, 21,585 units issued and          985         962
outstanding
  General Partner                                  (403)       (404)
---------------------------------------------------------------------

   Total partners' capital                           582         558
---------------------------------------------------------------------

   Total liabilities and partners' capital        $3,350      $3,420
=====================================================================






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



                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                     CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE THREE MONTHS ENDED MARCH 31, 1999 AND 1998
                                  (Unaudited)





(Dollars in thousands, except         1999     1998
per unit amounts)
----------------------------------------------------

REVENUE:

  Rent                                $229     $512
  Interest and dividends                10        9
----------------------------------------------------

    Total revenue                      239      521
----------------------------------------------------

EXPENSES:
  Interest, other than related          50       51
party
  Depreciation                          21       72
  Property operating                   124      244
  Related party                         15       30
  General and administrative             5       18
----------------------------------------------------

    Total expenses                     215      415
----------------------------------------------------

NET INCOME                             $24     $106
====================================================



Net income allocable to limited        $23     $101
partners
====================================================

Net income allocable to General         $1       $5
Partner
====================================================

Net  income per $500 limited
partnership unit-                    $1.07    $4.68
  based on 21,585 units
outstanding
====================================================







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



                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
           FOR THE THREE MONTH PERIODS ENDED MARCH 31, 1999 AND 1998
                                  (Unaudited)




(Dollars in thousands)                              1999        1998
---------------------------------------------------------------------
Cash flows from operating activities:

Net income                                           $24        $106
---------------------------------------------------------------------

Adjustments to reconcile net income to net
cash
 provided by operating activities:
   Depreciation and amortization                      24          75
   Decrease in other assets                           76          44
   Decrease in deposits and other                   (88)        (33)
liabilities
---------------------------------------------------------------------
                                                      12          86
---------------------------------------------------------------------

Net cash provided by operating activities             36         192
---------------------------------------------------------------------

Cash flow from investing activities:
   Improvements to rental property                   (9)        (10)
   Principal received on note receivable               -          23
---------------------------------------------------------------------
Net cash (used in) provided by investing             (9)          13
activities
---------------------------------------------------------------------

Cash flow from financing activities:
---------------------------------------------------------------------
   Principal payments on notes payable               (6)       (107)
---------------------------------------------------------------------

Net increase in cash and cash equivalents             21          98

Cash and cash equivalents, beginning of            1,143         407
period
---------------------------------------------------------------------
Cash and cash equivalents, end of period          $1,164        $505
=====================================================================



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

                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 1999

NOTE 1 - BASIS OF PRESENTATION

The accompanying  unaudited interim financial  statements of Property Resources
Fund  VI  (the  "Partnership")  have  been  prepared  in  accordance  with  the
instructions  to  Form  10-Q  pursuant  to the  rules  and  regulations  of the
Securities  and  Exchange   Commission.   Certain   information   and  footnote
disclosures  normally included in financial  statements  prepared in accordance
with generally  accepted  accounting  principles have been condensed or omitted
pursuant  to such rules and  regulations.  In the  opinion of  management,  all
appropriate  adjustments  necessary  to a fair  presentation  of the results of
operations  have been made for the  periods  shown.  All  adjustments  are of a
normal  recurring  nature.   These  financial  statements  should  be  read  in
conjunction with the Partnership's  audited  financial  statements for the year
ended December 31, 1998.

The  accompanying  consolidated  financial  statements  include the accounts of
the   Partnership   and  its   majority-owned   Subsidiary.   All   significant
intercompany  accounts and transactions  have been eliminated.  These financial
statements  have been prepared on a going  concern  basis,  which  contemplates
the  realization  of assets and the  satisfaction  of liabilities in the normal
course of  business.  In April  1998,  a proxy  statement  was sent to  members
contemplating  the sale of the  Partnership's  remaining  property and ultimate
dissolution  of the  Partnership.  As a  result  of the  approval  by  members,
management  has commenced  efforts to sell the remaining  property.  Although a
firm sales  commitment  has not been  reached,  management  believes a sale may
occur in the foreseeable future.


Management  believes  that  the  market  value of the  Partnership's  remaining
property  is at least  equal to its book value.  Accordingly,  management  does
not  expect  any  material  losses  to  be  undertaken  in  the  event  of  the
liquidation  of the  Partnership.  However,  there can be no assurance that the
eventual  sales price of the property  will not result in a loss or that a sale
will be consummated.

NOTE 2 -NEGOTIATIONS FOR PROPERTY SALE

As discussed in Note 1 above the  Partnership is currently  actively  marketing
the sale of its  remaining  property.  The  Partnership  has entered into sales
negotiations  with an independent  third party and has secured a non-refundable
deposit of $50,000 in this  regard.  Management  currently  expects the sale to
close by the end of June 1999.  However the  transaction  was not closed at May
13, 1999 and no assurance can be given that a sale will occur.

ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION  AND
RESULTS OF OPERATIONS

INTRODUCTION

Management's  discussion  and  analysis of financial  condition  and results of
operations  should be read in  conjunction  with the Financial  Statements  and
Notes thereto.

When used in the  following  discussion,  the words  "believes,"  "anticipates"
and similar  expressions are intended to identify  forward-looking  statements.
Such  statements  are subject to certain  risks and  uncertainties  which could
cause actual  results to differ  materially  from those  projected,  including,
but not  limited  to,  those  set  forth  in the  section  entitled  "Potential
Factors  Affecting  Future  Operating  Results,"  below.  Readers are cautioned
not to place undue  reliance  on these  forward-looking  statements  that speak
only as of the  date  hereof.  The  Partnership  undertakes  no  obligation  to
publicly  release any revisions to these  forward-looking  statements  that may
be made to  reflect  events  or  circumstances  after  the  date  hereof  or to
reflect the occurrence of unanticipated events.

RESULTS OF OPERATIONS

COMPARISON OF THE THREE-MONTH PERIODS ENDED MARCH 31, 1999 AND 1998

Net income for the three-month  period ended March 31, 1999 decreased  $82,000,
or 77%, when  compared to 1998  primarily due to the effects of the sale of the
Grouse Run Apartments property ("Grouse Run") in June 1998.

Total  revenue  for the  three-month  period  ended  March 31,  1999  decreased
$282,000,  or 54% when  compared to 1998.  This was due primarily to lower rent
revenue following the sale of the Grouse Run in June 1998.

Total expenses for the three-month periods ended March 31, 1999 decreased
$200,000, or 48%, when compared to 1998.  This was caused principally by
lower operating expenses and depreciation following the sale of Grouse Run in
June 1998.

LIQUIDITY AND CAPITAL RESOURCES

At March  31,  1999  the  Partnership  had one  operating  property:  Clearlake
Village  Apartments  ("Clearlake").  The  buildings and the land upon which the
buildings  are  located  are  owned by the  Partnership  in fee.  Clearlake  is
subject to a mortgage.  Management is currently marketing this property,  and a
sale may occur in 1999.  Management  estimates that the net realizable value of
Clearlake  approximates its carrying value; however,  there can be no assurance
that the  eventual  sales  price of the  property  will not result in a loss or
that a sale will be consummated.

As of March 31,  1999,  cash and cash  equivalents  totaled  $1,164,000.  As of
March  31,  1999,   accrued   interest  due  to  General  Partner  amounted  to
$527,000.  The  General  Partner  presently  intends to  continue  to make such
advances to the  Partnership as necessary.  Consequently,  management  believes
that the  Partnership's  current sources of funds will be adequate to meet both
its short-term and long-term capital commitments and operating requirements.

The  Partnership  presently  believes  that  funds  available  from  operations
together with the sale proceeds of Clearlake  will permit it to repay  interest
owed to the General Partner.

Net cash  provided by  operating  activities  for the three month  period ended
March 31,  1999 was  $36,000,  or  $156,000  less than the same period in 1998.
The decrease was primarily  due to a decrease in net income as described  under
"Results of Operations".

IMPACT OF INFLATION

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

YEAR 2000

The Partnership has evaluated whether its computer  systems,  including on-site
and embedded  systems,  and those of third  parties  with whom the  Partnership
interacts  will  function  properly  by,  at  or  during  the  year  2000.  The
Partnership  has  determined  certain of its own systems are not currently year
2000  compliant.  Management  has a plan to replace or  upgrade  these  systems
within the next nine  months.  The  Partnership  does not expect that the costs
associated with these  replacements or upgrades will have a materially  adverse
impact on its  financial  position,  results  of  operations  or cash  flows in
future  periods.  However,  failure to  successfully  replace or upgrade  these
systems could result in material disruptions to its business.

The  Partnership  is managed  and  advised by certain  affiliates  of  Franklin
Resources,  Inc.  It is  reliant  on  these  entities  for its  basic  computer
network and certain other  applications.  Management is monitoring the progress
of these  entities in achieving  year 2000  compliance  and does not  currently
anticipate  a  materially  adverse  impact on the  Partnership's  business as a
result of their non-compliance.

                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                          PART II - OTHER INFORMATION


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K


(a)   Not applicable

(b)   Reports on Form 8-K

      No reports on Form 8-K were filed by the  Registrant  during the  quarter
ended March 31, 1999.








                                   SIGNATURE


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




                               PROPERTY RESOURCES FUND VI


                               By: /s/ David P. Goss

                                  David P. Goss
                                  Chief Executive Officer


                               Date: March 13, 1999