FORM 10-QSB--QUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15(D)
                        QUARTERLY OR TRANSITIONAL REPORT

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


(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


[ ]  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 0-11934



                         CENTURY PROPERTIES FUND XVIII
       (Exact name of small business issuer as specified in its charter)



         California                                            94-2834149
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification No.)

                        55 Beattie Place, P.O. Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)

                                 (864) 239-1000
                          (Issuer's telephone number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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_____
                         
                         PART I - FINANCIAL INFORMATION


ITEM 1.   FINANCIAL STATEMENTS



a)
                         CENTURY PROPERTIES FUND XVIII

                           CONSOLIDATED BALANCE SHEET
                                  (Unaudited)
                        (in thousands, except unit data)

                                 March 31, 1999



Assets

Cash and cash equivalents                                     $  1,125

Receivables and deposits                                           238

Restricted escrows                                                 137

Other assets                                                       382

Investment properties:

Land                                             $  7,296

Buildings and related personal property            19,915

                                                   27,211

Less accumulated depreciation                     (10,640)      16,571

                                                              $ 18,453

Liabilities and Partners' Deficit

Liabilities

Accounts payable                                              $     21

Other liabilities                                                  180

Accrued property taxes                                             114

Tenant security deposit liabilities                                 81

Mortgage notes payable                                          19,405

Partners' (Deficit) Capital

General partner                                  $ (6,321)

Limited partners (75,000 units issued

and outstanding)                                    4,973       (1,348)

                                                              $ 18,453


          See Accompanying Notes to Consolidated Financial Statements

b)
                         CENTURY PROPERTIES FUND XVIII

                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)
                        (in thousands, except unit data)



                                                   Three Months Ended

                                                       March 31,

                                                    1999        1998

Revenues:

  Rental income                                   $ 1,207     $ 1,147

  Other income                                         65          71

    Total revenues                                  1,272       1,218

Expenses:

  Operating                                           384         384

  General and administrative                           55          59

  Depreciation                                        167         171

  Interest                                            349         368

  Property tax                                        118         102

    Total expenses                                  1,073       1,084
    
      Net income                                  $   199     $   134


Net income allocated to general partner (9.9%)    $    20     $    13

Net income allocated to limited partners (90.1%)      179         121


      Net income                                  $   199     $   134


Net income per limited partnership unit           $  2.39     $  1.61


Distributions per limited partnership unit        $  9.91     $    --


          See Accompanying Notes to Consolidated Financial Statements

c)
                         CENTURY PROPERTIES FUND XVIII

       CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' (DEFICIT) CAPITAL
                                  (Unaudited)
                        (in thousands, except unit data)



                                 Limited

                               Partnership  General    Limited

                                  Units     Partner   Partners     Total


Original capital contributions  75,000      $    --    $75,000    $75,000


Partners' (deficit) capital

 at December 31, 1998           75,000      $(6,334)   $ 5,537    $  (797)


Distributions to partners           --           (7)      (743)      (750)


Net income for the three

months ended March 31, 1999         --           20        179        199


Partners' (deficit) capital

 at March 31, 1999              75,000      $(6,321)   $ 4,973    $(1,348)


          See Accompanying Notes to Consolidated Financial Statements

d)
                         CENTURY PROPERTIES FUND XVIII

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)
                                 (in thousands)


                                                      Three Months Ended

                                                          March 31,

                                                       1999        1998

Cash flows from operating activities:

 Net income                                          $  199       $  134

 Adjustments to reconcile net income to net

   cash provided by operating activities:

   Depreciation                                         167          171

   Amortization of loan costs                            14           10

   Change in accounts:

      Receivables and deposits                          263          (46)

      Other assets                                        7           11

      Accounts payable                                   --           45

      Other liabilities                                   3           (8)

      Accrued property taxes                           (234)        (194)

      Tenant security deposit liabilities                (5)          (4)


        Net cash provided by operating activities       414          119


Cash flows from investing activities:

  Property improvements and replacements                (68)        (109)

  Net receipts from (deposits to) restricted            104          (27)
        escrows


         Net cash provided by (used in) investing

           activities                                    36         (136)


Cash flows used in financing activities:

  Distributions to partners                            (750)          --

  Payments on mortgage notes payable                    (52)         (46)

         Net cash used in financing activities         (802)         (46)


Net decrease in cash and cash equivalents              (352)         (63)


Cash and cash equivalents at beginning of period      1,477        2,025

Cash and cash equivalents at end of period           $1,125       $1,962


Supplemental disclosure of cash flow information:

  Cash paid for interest                             $  335       $  359


          See Accompanying Notes to Consolidated Financial Statements



e)
                         CENTURY PROPERTIES FUND XVIII

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)


NOTE A - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements of Century
Properties Fund XVIII (the "Partnership" or "Registrant") have been prepared in
accordance with generally accepted accounting principles for interim financial
information and with the instructions to Form 10-QSB and Item 310(b) of
Regulation S-B.  Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements.  The Partnership's general partners are Fox Capital
Management Corporation (the "Managing General Partner" or "FCMC"), Fox Realty
Investors ("FRI") and Fox Partners 82.  The Managing General Partner is a
subsidiary of Apartment Investment and Management Company ("AIMCO"), a publicly
traded real estate investment trust.  In the opinion of the Managing General
Partner, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating results for the
three month period ended March 31, 1999, are not necessarily indicative of the
results that may be expected for the fiscal year ending December 31, 1999.  For
further information, refer to the consolidated financial statements and
footnotes thereto included in the Partnership's annual report on Form 10-KSB for
the year ended December 31, 1998.

Principles of Consolidation:

The Partnership's financial statements include the accounts of the Partnership
and its wholly-owned subsidiary.

NOTE B - TRANSFER OF CONTROL

Pursuant to a series of transactions which closed on October 1, 1998, and
February 26, 1999, Insignia Financial Group, Inc. and Insignia Properties Trust
merged into AIMCO, with AIMCO being the surviving corporation (the "Insignia
Merger").  As a result, AIMCO acquired 100% ownership interest in the Managing
General Partner.  The Managing General Partner does not believe that this
transaction will have a material effect on the affairs and operations of the
Partnership.

NOTE C - TRANSACTIONS WITH AFFILIATED PARTIES

The Partnership has no employees and is dependent on the Managing General
Partner and its affiliates for the management and administration of all
partnership activities. The Partnership Agreement provides for (i) payments to
affiliates for services and (ii) reimbursement of certain expenses incurred by
affiliates on behalf of the Partnership. The following payments were made to the
Managing General Partner and affiliates during the three months ended March 31,
1999 and 1998:


                                                        Three months Ended
                                                             March 31,

                                                        1999          1998

                                                          (in thousands)

  Property management fees (included in operating

    expenses)                                           $ 63          $ 60

  Reimbursement for services of affiliates

    (included in operating, general and

    administrative expenses, and investment

    properties) (1)                                       31            35


(1)  Included in "reimbursements for services of affiliates" for the three
     months ended March 31, 1998, is approximately $1,000 in reimbursements for
     construction oversight costs.  There were no such costs for the three
     months ended March 31, 1999.

During the three months ended March 31, 1999 and 1998, affiliates of the
Managing General Partner were entitled to receive compensation for providing
property management services.  The Registrant paid to such affiliates $63,000
and $60,000 for the three months ended March 31, 1999 and 1998, respectively.

An affiliate of the Managing General Partner received reimbursement of
accountable administrative expenses amounting to approximately $31,000 and
$35,000 for the three months ended March 31, 1999 and 1998, respectively.

On December 17, 1997, an affiliate of the Managing General Partner (the
"Purchaser") commenced a tender offer for limited partnership interests in the
Partnership.  The Purchaser offered to purchase up to 30,000 of the outstanding
units of limited partnership interest in the Partnership, at $70.00 per Unit,
net to the seller in cash. On January 30, 1998, the Purchaser acquired 5,259.5
units pursuant to this tender offer.

NOTE D - SEGMENT REPORTING

Description of the types of products and services from which the reportable
segment derives its revenues:

The Partnership has one reportable segment: residential properties, consisting
of two apartment complexes in Salt Lake City, Utah and Dallas, Texas.  The
Partnership rents apartment units to tenants for terms that are typically less
than twelve months.

Measurement of segment profit or loss:

The Partnership evaluates performance based on net income. The accounting
policies of the reportable segment are the same as those described in the
summary of significant accounting policies in the Partnership's annual report on
Form 10-KSB for the year ended December 31, 1998.

Factors management used to identify the enterprise's reportable segment:

The Partnership's reportable segment consists of investment properties that
offer similar products and services.  Although each of the investment properties
is managed separately, they have been aggregated into one segment as they
provide services with similar types of products and customers.

Segment information for the three months ended March 31, 1999 and 1998 is shown
in the tables below (in thousands).  The 'Other' column includes Partnership
administration related items and income and expense not allocated to the
reportable segment.

                1999                 Residential     Other        Totals
Rental income                        $ 1,207      $    --      $ 1,207
Other income                              56            9           65
Interest expense                         349           --          349
Depreciation                             167           --          167
General and administrative expense        --           55           55
Segment profit (loss)                    245          (46)         199
Total assets                          17,740          713       18,453
Capital expenditures                      68           --           68

                1998                  Residential     Other       Totals
Rental income                        $ 1,147      $    --      $ 1,147
Other income                              47           24           71
Interest expense                         368           --          368
Depreciation                             171           --          171
General and administrative expense        --           59           59
Segment profit (loss)                    169          (35)         134
Total assets                          17,654        1,781       19,435
Capital expenditures                     109           --          109

NOTE E - LEGAL PROCEEDINGS

In March 1998, several putative unit holders of limited partnership units of the
Partnership commenced an action entitled Rosalie Nuanes, et al. v. Insignia
Financial Group, Inc., et al. in the Superior Court of the State of California
for the County of San Mateo.  The plaintiffs named as defendants, among others,
the Partnership, the Managing General Partner and several of their affiliated
partnerships and corporate entities.  The complaint purports to assert claims on
behalf of a class of limited partners and derivatively on behalf of a number of
limited partnerships (including the Partnership) which are named as nominal
defendants, challenging the acquisition by Insignia and entities which were, at
the time, affiliates of Insignia ("Insignia Affiliates") of interests in certain
general partner entities, past tender offers by Insignia Affiliates as well as a
recently announced agreement between Insignia and AIMCO.  The complaint seeks
monetary damages and equitable relief, including judicial dissolution of the
Partnership. On June 25, 1998, the Managing General Partner filed a motion
seeking dismissal of the action. In lieu of responding to the motion, the
plaintiffs have filed an amended complaint. The Managing General Partner has
filed demurrers to the amended complaint which were heard during February 1999.
No ruling on such demurrers has been received. The Managing General Partner does
not anticipate that costs associated with this case, if any, will be material to
the Partnership's overall operations.

The Partnership is unaware of any other pending or outstanding litigation that
is not of a routine nature arising in the ordinary course of business.

ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The matters discussed in this Form 10-QSB contain certain forward-looking
statements and involve risks and uncertainties (including changing market
conditions, competitive and regulatory matters, etc.) detailed in the
disclosures contained in this Form 10-QSB and the other filings with the
Securities and Exchange Commission made by the Registrant from time to time.
The discussion of the Registrant's business and results of operations, including
forward-looking statements pertaining to such matters, does not take into
account the effects of any changes to the Registrant's business and results of
operation.  Accordingly, actual results could differ materially from those
projected in the forward-looking statements as a result of a number of factors,
including those identified herein.

The Partnership's investment properties consist of two apartment complexes.  The
following table sets forth the average occupancy of the properties for the three
months ended March 31, 1999 and 1998:


                                       Average Occupancy

Property                                1999        1998

Oak Run Apartments

  Dallas, Texas                         94%          94%

Overlook Point Apartments

  Salt Lake City, Utah                  95%          93%



Results of Operations

The Partnership's net income for the three months ended March 31, 1999 was
$199,000 as compared to $134,000 for the same period in 1998.  The increase in
net income is primarily due to an increase in total revenues together with a
slight decrease in total expenses.  The increase in total revenues is primarily
attributable to an increase in rental income as a result of an increase in
average annual rental rates at both investment properties and an increase in
average occupancy at Overlook Point Apartments.

Total expenses decreased slightly due to a decrease in interest expense, which
was partially offset by an increase in property tax expense.  Interest expense
decreased as the result of refinancing the mortgage encumbering Overlook Point
Apartments in August 1998, which decreased the interest rate on the debt.
Property tax expense increased due to an increase in the assessed value of Oak
Run Apartments.  All other expenses remained relatively constant.

Included in general and administrative expense at both March 31, 1999 and 1998
are management reimbursements to the Managing General Partner allowed under the
Partnership Agreement.  In addition, costs associated with the quarterly and
annual communications with investors and regulatory agencies and the annual
audit required by the Partnership Agreement are also included.

As part of the ongoing business plan of the Partnership, the Managing General
Partner monitors the rental market environment of its investment properties to
assess the feasibility of increasing rents, maintaining or increasing occupancy
levels and protecting the Partnership from increases in expenses.  As part of
this plan, the Managing General Partner attempts to protect the Partnership from
the burden of inflation-related increases in expenses by increasing rents and
maintaining a high overall occupancy level.  However, due to changing market
conditions, which can result in the use of rental concessions and rental
reductions to offset softening market conditions, there is no guarantee that the
Managing General Partner will be able to sustain such a plan.

Liquidity and Capital Resources

At March 31, 1999, the Registrant had cash and cash equivalents of approximately
$1,125,000 as compared to approximately $1,962,000 at March 31, 1998.  Cash and
cash equivalents decreased approximately $352,000 for the three month period
ended March 31, 1999, from the Registrant's fiscal year end.  The decrease in
cash and cash equivalents is due primarily to $802,000 of cash used in financing
activities and was partially offset by $414,000 of cash provided by operating
activities and $36,000 of cash provided by investing activities. Cash used in
financing activities consisted primarily of distributions to partners, and to a
lesser extent, payments of principal made on the mortgages encumbering the
Partnership's properties.  Cash provided by investing activities consisted of
net receipts from restricted escrows maintained by the mortgage lender and was
partially offset by capital improvements. The Partnership invests its working
capital reserves in a money market account.

An affiliate of the Managing General Partner has made available to the
Partnership a credit line of up to $150,000 per property owned by the
Partnership.  At the present time, the Partnership has no outstanding amounts
due under this line of credit.  Based on present plans, the Managing General
Partner does not anticipate the need to borrow in the near future.  Other than
cash and cash equivalents, the line of credit is the Partnership's only unused
source of liquidity.

The sufficiency of existing liquid assets to meet future liquidity and capital
expenditure requirements is directly related to the level of capital
expenditures required at the properties to adequately maintain the physical
assets and other operating needs of the Registrant and to comply with Federal,
state, and local legal and regulatory requirements.  Capital improvements
planned for both of the Registrant's properties are detailed below.

Overlook Point:

Based on a report received from an independent third party consultant analyzing
necessary exterior improvements and estimates made by the Managing General
Partner on the interior improvements, it is estimated that Overlook Point
requires approximately $293,000 of capital improvements over the near-term.  The
Partnership has budgeted, but is not limited to, capital improvements of
approximately $364,000 for 1999 at this property, which includes parking lot
improvements, roof and flooring replacements and structural repairs.  As of
March 31, 1999, the Partnership spent approximately $40,000 on capital
improvements at Overlook Point, primarily consisting of flooring replacement,
interior decorating, building improvements, swimming pool and parking lot
repairs, air conditioning upgrades and appliance replacements.  These
improvements were funded from cash flow and replacement reserves.

Oak Run Apartments:

Based on a report received from an independent third party consultant analyzing
necessary exterior improvements and estimates made by the Managing General
Partner on the interior improvements, it is estimated that Oak Run Apartments
requires approximately $125,000 of capital improvements over the near-term.  The
Partnership has budgeted, but is not limited to, capital improvements of
approximately $316,000 for 1999 at this property, which consists primarily of
parking lot improvements, structural repairs, interior decorating and carpet
replacement. As of March 31, 1999, the Partnership spent approximately $28,000
on capital improvements at Oak Run Apartments, primarily consisting of interior
decorating and flooring and appliance replacement.  These improvements were
funded from cash flow and replacement reserves.

The additional capital improvements planned will be incurred only to the extent
of cash available from operations and Partnership reserves.  To the extent that
such budgeted capital improvements are completed, the Registrant's distributable
cash flow, if any, may be adversely affected at least in the short term.

The Registrant's current assets are thought to be sufficient for any near-term
needs (exclusive of capital improvements) of the Registrant.  The mortgage
indebtedness of $19,405,000 is amortized over thirty years with balloon payments
of $8,127,000 and $9,728,000 due on October 2004, and September 2005,
respectively.  The Managing General Partner may attempt to refinance such 
indebtedness and/or sell the properties prior to such maturity date. If the
properties cannot be refinanced or sold for a sufficient amount, the Partnership
may risk losing such properties through foreclosure.

The Registrant made a cash distribution of approximately $750,000 ($9.91 per
limited partnership unit) from surplus cash during the three months ended March
31, 1999.  No distributions were paid during the three months ended March 31,
1998.  Future cash distributions will depend on the levels of net cash generated
from operations, the availability of cash reserves, and the timing of debt
maturities, refinancings and/or property sales.  The Registrant's distribution
policy will be reviewed on a quarterly basis.  There can be no assurance,
however, that the Registrant will generate sufficient funds from operations,
after planned capital improvement expenditures, to permit any additional
distributions to its partners in 1999 or subsequent periods.

On December 17, 1997, an affiliate of the Managing General Partner (the
"Purchaser") commenced a tender offer for limited partnership interests in the
Partnership.  The Purchaser offered to purchase up to 30,000 of the outstanding
units of limited partnership interest in the Partnership, at $70.00 per Unit,
net to the seller in cash.  On January 30, 1998, the Purchaser acquired 5,259.5
Units at $70.00 per Unit pursuant to this tender offer.

Potential Tender Offer

On October 1, 1998,  Insignia Financial Group, Inc. merged into AIMCO, a real
estate investment trust, whose Class A Common Shares are listed on the New York
Stock Exchange.  As a result of such merger, AIMCO and AIMCO Properties, L.P., a
Delaware limited partnership and the operating partnership of AIMCO ("AIMCO OP")
acquired indirect control of the Corporate General Partner.  AIMCO and its
affiliates currently own 35.922% of the limited partnership interests in the
Partnership. AIMCO is presently considering whether it will engage in an
exchange offer for additional limited partnership interests in the Partnership.
There is a substantial likelihood that, within a short period of time, AIMCO OP
will offer to acquire limited partnership interests in the Partnership for cash
or preferred units or common units of limited partnerships interests in AIMCO
OP. While such an exchange offer is possible, no definite plans exist as to when
or whether to commence such an exchange offer, or as to the terms of any such
exchange offer, and it is possible that none will occur.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective.  This Form 10-QSB shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state.

Year 2000 Compliance

General Description of the Year 2000 Issue and the Nature and Effects of the
Year 2000 on Information Technology (IT) and Non-IT Systems

The Year 2000 issue is the result of computer programs being written using two
digits rather than four digits to define the applicable year.  The Partnership
is dependent upon the Managing General Partner and its affiliates for management
and administrative services ("Managing Agent").  Any of the computer programs or
hardware that have date-sensitive software or embedded chips may recognize a
date using "00" as the year 1900 rather than the year 2000.  This could result
in a system failure or miscalculations causing disruptions of operations,
including, among other things, a temporary inability to process transactions,
send invoices, or engage in similar normal business activities.

Over the past two years, the Managing Agent has determined that it will be
required to modify or replace significant portions of its software and certain
hardware so that those systems will properly utilize dates beyond December 31,
1999.  The Managing Agent presently believes that with modifications or
replacements of existing software and certain hardware, the Year 2000 issue can
be mitigated.  However, if such modifications and replacements are not made, or
not completed in time, the Year 2000 issue could have a material impact on the
operations of the Partnership.

The Managing Agent's plan to resolve Year 2000 issues involves four phases:
assessment, remediation, testing, and implementation.  To date, the Managing
Agent has fully completed its assessment of all the information systems that
could be significantly affected by the Year 2000, and has begun the remediation,
testing and implementation phases on both hardware and software systems.
Assessments are continuing in regards to embedded systems.  The status of each
is detailed below.

Status of Progress in Becoming Year 2000 Compliant, Including Timetable for
Completion of Each Remaining Phase

Computer Hardware:

During 1997 and 1998, the Managing Agent identified all of the computer systems
at risk and formulated a plan to repair or replace each of the affected systems.
In August 1998, the mainframe system used by the Managing Agent became fully
functional.  In addition to the mainframe, PC-based network servers, routers and
desktop PCs were analyzed for compliance.  The Managing Agent has begun to
replace each of the non-compliant network connections and desktop PCs and, as of
March 31, 1999, had completed approximately 75% of this effort.

The total cost to the Managing Agent to replace the PC-based network servers,
routers and desktop PCs is expected to be approximately $1.5 million of which
$1.3 million has been incurred to date.  The remaining network connections and
desktop PCs are expected to be upgraded to Year 2000 compliant systems by July
31, 1999.

Computer Software:

The Managing Agent utilizes a combination of off-the-shelf, commercially
available software programs as well as custom-written programs that are designed
to fit specific needs.  Both of these types of programs were studied, and
implementation plans written and executed with the intent of repairing or
replacing any non-compliant software programs.

During 1998, the Managing Agent began converting the existing property
management and rent collection systems to its management properties Year 2000
compliant systems.  The estimated additional costs to convert such systems at
all properties, is $200,000, and the implementation and the testing process is
expected to be completed by July 31, 1999.

The final software area is the office software and server operating systems.
The Managing Agent has upgraded all non-compliant office software systems on
each PC and has upgraded 80% of the server operating systems.  The remaining
server operating systems are planned to be upgraded to be Year 2000 compliant by
July 31, 1999.

Operating Equipment:

The Managing Agent has operating equipment, primarily at the property sites,
which needed to be evaluated for Year 2000 compliance.  In September 1997, the
Managing Agent began taking a census and inventory of embedded systems
(including those devices that use time to control systems and machines at
specific properties, for example elevators, heating, ventilating, and air
conditioning systems, security and alarm systems, etc.).

The Managing Agent has chosen to focus its attention mainly upon security
systems, elevators, heating, ventilating and air conditioning systems, telephone
systems and switches, and sprinkler systems.  While this area is the most
difficult to fully research adequately, management has not yet found any major
non-compliance issues that put the Managing Agent at risk financially or
operationally.  The Managing Agent intends to have a third-party conduct an
audit of these systems and report their findings by July 31, 1999.

Any of the above operating equipment that has been found to be non-compliant to
date has been replaced or repaired.  To date, these have consisted only of
security systems and phone systems.  As of March 31, 1999 the Managing Agent has
evaluated approximately 86% of the operating equipment for the Year 2000
compliance.

The total cost incurred for all properties managed by the Managing Agent as of
March 31, 1999 to replace or repair the operating equipment was approximately
$400,000.  The Managing Agent estimates the cost to replace or repair any
remaining operating equipment is approximately $325,000, which is expected to be
completed by August 30, 1999.

The Managing Agent continues to have "awareness campaigns" throughout the
organization designed to raise awareness and report any possible compliance
issues regarding operating equipment within its enterprise.

Nature and Level of Importance of Third Parties and Their Exposure to the Year
2000

The Managing Agent continues to conduct surveys of its banking and other vendor
relationships to assess risks regarding their Year 2000 readiness.  The Managing
Agent has banking relationships with three major financial institutions, all of
which have indicated their compliance efforts will be complete before May 1999.
The Managing Agent has updated data transmission standards with two of the three
financial institutions.  The Managing Agent's contingency plan in this regard is
to move accounts from any institution that cannot be certified Year 2000
compliant by June 1, 1999.

The Partnership does not rely heavily on any single vendor for goods and
services, and does not have significant suppliers and subcontractors who share
information systems (external agent).  To date the Partnership is not aware of
any external agent with a Year 2000 compliance issue that would materially
impact the Partnership's results of operations, liquidity, or capital resources.
However, the Partnership has no means of ensuring that external agents will be
Year 2000 compliant.

The Managing Agent does not believe that the inability of external agents to
complete their Year 2000 remediation process in a timely manner will have a
material impact on the financial position or results of operations of the
Partnership.  However, the effect of non-compliance by external agents is not
readily determinable.

Costs to Address Year 2000

The total cost of the Year 2000 project to the Managing Agent is estimated at
$3.5 million and is being funded from operating cash flows.  To date, the
Managing Agent has incurred approximately $2.8 million ($0.6 million expensed
and $2.2 million capitalized for new systems and equipment) related to all
phases of the Year 2000 project.  Of the total remaining project costs,
approximately $0.5 million is attributable to the purchase of new software and
operating equipment, which will be capitalized.  The remaining $0.2 million
relates to repair of hardware and software and will be expensed as incurred.
The Partnership's portion of these costs are not material.

Risks Associated with the Year 2000

The Managing Agent believes it has an effective program in place to resolve the
Year 2000 issue in a timely manner.  As noted above, the Managing Agent has not
yet completed all necessary phases of the Year 2000 program.  In the event that
the Managing Agent does not complete any additional phases, certain worst case
scenarios could occur.  The worst case scenarios could include elevators,
security and heating, ventilating and air conditioning systems that read
incorrect dates and operate with incorrect schedules (e.g., elevators will
operate on Monday as if it were Sunday).  Although such a change would be
annoying to residents, it is not business critical.

In addition, disruptions in the economy generally resulting from Year 2000
issues could also adversely affect the Partnership.  The Partnership could be
subject to litigation for, among other things, computer system failures,
equipment shutdowns or failure to properly date business records.  The amount of
potential liability and lost revenue cannot be reasonably estimated at this
time.

Contingency Plans Associated with the Year 2000

The Managing Agent has contingency plans for certain critical applications and
is working on such plans for others.  These contingency plans involve, among
other actions, manual workarounds and selecting new relationships for such
activities as banking relationships and elevator operating systems.



                          PART II - OTHER INFORMATION

ITEM 1    LEGAL PROCEEDINGS

In March 1998, several putative unit holders of limited partnership units of the
Partnership commenced an action entitled Rosalie Nuanes, et al. v. Insignia
Financial Group, Inc., et al. in the Superior Court of the State of California
for the County of San Mateo.  The plaintiffs named as defendants, among others,
the Partnership, the Managing General Partner and several of their affiliated
partnerships and corporate entities.  The complaint purports to assert claims on
behalf of a class of limited partners and derivatively on behalf of a number of
limited partnerships (including the Partnership) which are named as nominal
defendants, challenging the acquisition by Insignia and entities which were, at
the time, affiliates of Insignia ("Insignia Affiliates") of interests in certain
general partner entities, past tender offers by Insignia Affiliates as well as a
recently announced agreement between Insignia and Apartment Investment and
Management Company.  The complaint seeks monetary damages and equitable relief,
including judicial dissolution of the Partnership. On June 25, 1998, the
Managing General Partner filed a motion seeking dismissal of the action. In lieu
of responding to the motion, the plaintiffs have filed an amended complaint. The
Managing General Partner has filed demurrers to the amended complaint which were
heard during February 1999.  No ruling on such demurrers has been received. The
Managing General Partner does not anticipate that costs associated with this
case, if any, will be material to the Partnership's overall operations.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

     a)   Exhibits:



          Exhibit 27, Financial Data Schedule, is filed as an exhibit to this 
          report.

     b)   Reports on Form 8-K filed during the first quarter of 1999:

          None.



                                   SIGNATURES


In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                              CENTURY PROPERTIES FUND XVIII

                              By:  Fox Partners,
                                   Its General Partner

                              By:  Fox Capital Management Corporation,
                                   Its Managing General Partner


                              By:  /s/ Patrick J. Foye
                                   Patrick J. Foye
                                   Executive Vice President


                              By:  /s/ Timothy R. Garrick
                                   Timothy R. Garrick
                                   Vice President - Accounting


                              Date: May 4, 1999