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



                       THE SECURITIES EXCHANGE ACT OF 1934
                        Quarterly or Transitional Report



                      U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               Form 10-QSB


(Mark One)


[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                 For the quarterly period ended September 30, 2001

[ ] 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 0-11935

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

         California                                              94-2887133
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                          55 Beattie Place, PO 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  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___



                         PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS

a)

                           CENTURY PROPERTIES FUND XIX

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

                               September 30, 2001

<TABLE>
<CAPTION>


Assets
<S>                                                          <C>            <C>
   Cash and cash equivalents                                               $  1,326
   Receivables and deposits                                                   1,091
   Restricted escrows                                                           152
   Other assets                                                                 695
   Investment properties:
      Land                                                   $ 11,635
      Buildings and related personal property                  90,135
                                                              101,770
      Less accumulated depreciation                           (51,855)       49,915
                                                                           $ 53,179
Liabilities and Partners' (Deficit) Capital
Liabilities
   Accounts payable                                                        $    293
   Tenant security deposits payable                                             306
   Accrued property taxes                                                     1,026
   Due to former affiliate                                                      270
   Other liabilities                                                          1,145
   Mortgage notes payable                                                    59,646

Partners' (Deficit) Capital:
   General partner                                           $ (9,759)
   Limited partners (89,292 units issued and
      outstanding)                                                252        (9,507)
                                                                           $ 53,179


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>


b)

                           CENTURY PROPERTIES FUND XIX

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

<TABLE>
<CAPTION>


                                           Three Months              Nine Months
                                        Ended September 30,      Ended September 30,
                                         2001         2000         2001        2000

   Revenues:
<S>                                    <C>          <C>          <C>          <C>
      Rental income                    $ 3,999      $ 4,150      $12,320      $12,490
      Other income                         290          245          947          666
      Gain on casualty                      --           --          156           --
          Total revenues                 4,289        4,395       13,423       13,156
   Expenses:
      Operating                          1,626        1,457        4,491        4,180
      General and administrative           140           97          386          261
      Depreciation                         861          837        2,596        2,463
      Interest                           1,197        1,198        3,839        3,629
      Property tax                         336          323        1,040        1,037
          Total expenses                 4,160        3,912       12,352       11,570

   Income before extraordinary
    loss on early extinguishment
    of debt                                129          483        1,071        1,586
   Loss on early extinguishment
    of debt                                (39)          --          (39)          --

   Net income                           $   90        $ 483      $ 1,032      $ 1,586

   Net income allocated to
      general partner                   $   11        $  58      $   122      $   188
   Net income allocated to
      limited partners                      79          425          910        1,398

                                        $   90        $ 483      $ 1,032      $ 1,586
   Net income per limited partnership
      unit:
   Income before extraordinary
      item                              $ 1.27       $ 4.76      $ 10.58      $ 15.66
   Extraordinary loss on early
      extinguishment of debt              (.39)          --         (.39)         --
   Net income                           $  .88       $ 4.76       $10.19      $15.66
   Distributions per limited
     partnership unit                   $17.59       $ 0.65       $39.37      $35.47


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>

<PAGE>


c)

                           CENTURY PROPERTIES FUND XIX

               CONSOLIDATED STATEMENT OF PARTNERS' (DEFICIT) CAPITAL
                                   (Unaudited)
                          (in thousands, except unit data)


<TABLE>
<CAPTION>

                                     Limited
                                   Partnership   General      Limited
                                      Units      Partner     Partners       Total

<S>                                   <C>          <C>        <C>          <C>
Original capital contributions        89,292       $ --       $89,292      $89,292

Partners' (deficit) capital
   at December 31, 2000               89,292     $(9,532)     $ 2,857      $(6,675)

Distributions paid to partners            --        (349)      (3,515)      (3,864)

Net income for the nine months
   ended September 30, 2001               --         122          910        1,032

Partners' (deficit) capital
   at September 30, 2001              89,292     $(9,759)      $ 252       $(9,507)


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>



<PAGE>



d)
                           CENTURY PROPERTIES FUND XIX

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

<TABLE>
<CAPTION>

                                                                 Nine Months Ended
                                                                   September 30,
                                                                  2001        2000
Cash flows from operating activities:
<S>                                                             <C>          <C>
  Net income                                                    $ 1,032      $ 1,586
  Adjustments to reconcile net income to net
   cash provided by operating activities:
      Casualty gain                                                (156)          --
      Extraordinary loss on early extinguishment of debt             39           --
      Depreciation                                                2,596        2,463
      Amortization of loan costs and discount                        73           74
      Change in accounts:
       Receivables and deposits                                    (195)        (517)
       Other assets                                                 (82)         (83)
       Accounts payable                                              55           38
       Tenant security deposit liabilities                          (12)          (1)
       Accrued property taxes                                       511          427
       Other liabilities                                             43          (66)
         Net cash provided by operating activities                3,904        3,921
Cash flows from investing activities:
  Net insurance proceeds received                                   223           --
  Property improvements and replacements                         (1,523)      (1,477)
  Net (deposits to) withdrawals from restricted escrows             (26)         183
         Net cash used in investing activities                   (1,326)      (1,294)
Cash flows from financing activities:
  Proceeds from long term borrowing                               4,650           --
  Repayment of mortgage note payable                             (3,250)          --
  Loan costs paid                                                  (185)          --
  Payments on mortgage notes payable                               (775)        (524)
  Distributions to partners                                      (3,864)      (3,591)
         Net cash used in financing activities                   (3,424)      (4,115)
Net decrease in cash and cash equivalents                          (846)      (1,488)
Cash and cash equivalents at beginning of period                  2,172        2,900
Cash and cash equivalents at end of period                      $ 1,326      $ 1,412
Supplemental disclosure of cash flow information:
  Cash paid for interest                                        $ 3,517      $ 3,558

At December  31, 2000 and  September  30,  2001,  accounts  payable and property
improvements and replacements were adjusted by approximately $132,000.

At September 30, 2000,  property  improvements and replacements were adjusted by
approximately  $165,000 for property  improvements  and replacements in accounts
payable at December 31, 1999.


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>

<PAGE>




e)
                           CENTURY PROPERTIES FUND XIX

                     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note A - Basis of Presentation

The  accompanying   unaudited   consolidated  financial  statements  of  Century
Properties Fund XIX (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 general partner of the Partnership is Fox Partners II,
a California  general  partnership.  The general partners of Fox Partners II are
Fox Capital Management Corporation ("FCMC" or the "Managing General Partner"), a
California  corporation,  Fox Realty  Investors  ("FRI"),  a California  general
partnership, and Fox Partners 83, a California general partnership. 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 and nine month periods ended September 30, 2001
are not  necessarily  indicative  of the results  that may be  expected  for the
fiscal year ending  December 31,  2001.  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 fiscal year ended  December
31, 2000.

Principles of Consolidation

The Registrant's  financial  statements  include the accounts of Misty Woods CPF
19, LLC, a limited liability  company in which the Registrant  ultimately owns a
100% economic  interest.  All significant  inter-entity  transactions  have been
eliminated.

Segment Reporting

Statement of Financial  Accounting Standards ("SFAS") No. 131, "Disclosure about
Segments of an Enterprise and Related Information" established standards for the
way that public business 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.  It
also established  standards for related disclosures about products and services,
geographic  areas,  and  major  customers.  As  defined  in SFAS  No.  131,  the
Partnership has only one reportable segment. Moreover, due to the very nature of
the  Partnership's  operations,  the  Managing  General  Partner  believes  that
segment-based disclosures will not result in a more meaningful presentation than
the consolidated financial statements as presently presented.

Note B - Casualty Gain

In February 2001, one of the Partnership's investment properties, McMillan Place
Apartments,  incurred damages to its buildings as a result of a hail storm. As a
result of the damage,  approximately  $142,000 of fixed assets and approximately
$75,000 of  accumulated  depreciation  were written off resulting in a net write
off of approximately  $67,000. The property received  approximately  $223,000 in
proceeds from the insurance  company to repair the damaged units.  For financial
statement purposes, a casualty gain of approximately  $156,000 was recognized as
a result of the difference  between the proceeds received and the net book value
of the buildings which were damaged.

<PAGE>

Note C - Refinancing of Mortgage Note Payable

On August 31, 2001 the  Partnership  refinanced  the  mortgage  note payable for
Sunrunner Apartments.  The refinancing of Sunrunner Apartments replaced mortgage
indebtedness of approximately $3,250,000 with a new mortgage of $4,650,000.  The
mortgage was  refinanced at a rate of 7.06% compared to the prior rate of 7.33%.
Payments of  approximately  $36,000 are due on the first day of each month until
the note matures in September 2021. At the closing,  a repair escrow of $125,000
was  established  and is held by the  lender.  AIMCO  LP,  an  affiliate  of the
Managing General Partner, has signed as guarantor of this mortgage note payable.
Capitalized loan costs incurred on the refinancing were approximately  $185,000.
The Partnership  wrote off unamortized  loan costs resulting in an extraordinary
loss on early extinguishment of debt of approximately $39,000.

Note D - Transactions with Affiliated Parties

The Registrant 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) certain  payments to
affiliates for services and (ii)  reimbursement of certain expenses  incurred by
affiliates on behalf of the Partnership.

The following  amounts to the Managing  General  Partner and its affiliates were
incurred during the nine months ended September 30, 2001 and 2000:

                                                                  2001      2000
                                                                  (in thousands)
 Property management fees (included in operating expenses)        $684      $666
 Reimbursement for services of affiliates (included in
   general and administrative and operating expenses
   and investment properties)                                      125       134
 Partnership management fee (included in general partner
   distributions)                                                  277       359
 Loan costs (included in other assets)                              47        --

During the nine months  ended  September  30, 2001 and 2000,  affiliates  of the
Managing  General Partner were entitled to receive 5% of gross receipts from all
of the Registrant's properties as compensation for providing property management
services.  The Registrant  paid to such  affiliates  approximately  $684,000 and
$666,000 for the nine months ended September 30, 2001 and 2000, respectively.

An  affiliate  of  the  Managing  General  Partner  received   reimbursement  of
accountable  administrative  expenses  amounting to  approximately  $125,000 and
$134,000 for the nine months ended September 30, 2001 and 2000, respectively.

Pursuant  to  the  Partnership  Agreement,  for  managing  the  affairs  of  the
Partnership, the general partner is entitled to receive a Partnership management
fee  equal  to  10%  of the  Partnership's  adjusted  cash  from  operations  as
distributed.  Approximately $277,000 and $359,000 in Partnership management fees
were paid along with the  distributions  from operations  which were made during
the nine months ended September 30, 2001 and 2000, respectively.

The Partnership paid an affiliate of the Managing General Partner  approximately
$47,000 for loan costs  associated with the refinancing of Sunrunner  Apartments
(see  "Note  C") which  are  capitalized  and  included  in other  assets on the
consolidated balance sheet.

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.  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.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates owned 49,988.66 limited partnership units
in the Partnership representing 55.98% of the outstanding units at September 30,
2001. A number of these units were  acquired  pursuant to tender  offers made by
AIMCO or its  affiliates.  It is  possible  that  AIMCO or its  affiliates  will
acquire additional limited partnership  interests in the Partnership for cash or
in exchange  for units in the  operating  partnership  of AIMCO  either  through
private purchases or tender offers. Under the Partnership Agreement, unitholders
holding a majority of the Units are  entitled  to take action with  respect to a
variety of matters,  which would include without  limitation,  voting on certain
amendments  to the  Partnership  Agreement  and  voting to remove  the  Managing
General  Partner.  As a result of its  ownership  of  55.98% of the  outstanding
units,  AIMCO is in a position to influence all voting decisions with respect to
the Registrant.  When voting on matters,  AIMCO would in all likelihood vote the
Units it acquired in a manner  favorable to the interest of the Managing General
Partner because of its affiliation with the Managing  General Partner.  However,
IPLP,  an  affiliate  of the  Managing  General  Partner,  is  required  to vote
25,228.66 of its Units:  (i) against any proposal to increase the fees and other
compensation  payable by the Partnership to the Managing General Partner and any
of  its  affiliates;  and  (ii)  on all  other  matters  submitted  by it or its
affiliates,  in  proportion  to the votes cast by non  tendering  unit  holders.
Except for the foregoing,  no other limitations are imposed on IPLP's or AIMCO's
right to vote its Units.

Note E - Distribution

During the nine months ended  September 30, 2001,  the  Partnership  distributed
approximately  $2,769,000  (approximately  $2,442,000  to the limited  partners,
$27.35 per  limited  partnership  unit) from  operations.  Also  during the nine
months ended  September  30, 2001,  the  Partnership  distributed  approximately
$1,095,000 (approximately $1,073,000 to the limited partners, $12.02 per limited
partnership unit) from the refinancing proceeds of Sunrunner Apartments.  During
the  nine  months  ended  September  30,  2000,  the   Partnership   distributed
approximately  $3,591,000  (approximately  $3,167,000 to the limited partners or
$35.47 per limited partnership unit) from operations.

Note F - 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. (the "Nuanes action") in the Superior Court of the
State of  California  for the  County  of San  Mateo.  The  plaintiffs  named as
defendants,  among others,  the  Partnership,  its Managing  General Partner and
several of their  affiliated  partnerships  and corporate  entities.  The action
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,  among other
things,  the  acquisition of interests in certain  general  partner  entities by
Insignia  Financial  Group,  Inc.  ("Insignia")  and entities which were, at one
time,  affiliates of Insignia;  past tender offers by the Insignia affiliates to
acquire  limited  partnership  units;  management  of  the  partnerships  by the
Insignia  affiliates;  and the series of transactions which closed on October 1,
1998 and  February 26, 1999 whereby  Insignia  and  Insignia  Properties  Trust,
respectively,  were merged into AIMCO.  The plaintiffs seek 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  filed an amended
complaint. The Managing General Partner filed demurrers to the amended complaint
which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims, subject to court approval, on behalf of the Partnership and all
limited partners who owned units as of November 3, 1999. Preliminary approval of
the  settlement  was obtained on November 3, 1999 from the Court,  at which time
the Court set a final  approval  hearing for  December  10,  1999.  Prior to the
December  10,  1999  hearing,  the  Court  received  various  objections  to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December 14, 1999, the Managing  General  Partner and its affiliates  terminated
the  proposed  settlement.  In  February  2000,  counsel  for some of the  named
plaintiffs filed a motion to disqualify plaintiff's lead and liaison counsel who
negotiated  the  settlement.  On June  27,  2000,  the  Court  entered  an order
disqualifying  them  from the case and an  appeal  was  taken  from the order on
October 5, 2000. On December 4, 2000, the Court  appointed the law firm of Lieff
Cabraser  Heimann & Bernstein  LLP as new lead  counsel for  plaintiffs  and the
putative class.  Plaintiffs filed a third amended complaint on January 19, 2001.
On March 2, 2001,  the  Managing  General  Partner  and its  affiliates  filed a
demurrer to the third amended  complaint.  On May 14, 2001,  the Court heard the
demurrer to the third amended  complaint.  On July 10, 2001, the Court issued an
order  sustaining  defendants'  demurrer on certain  grounds.  On July 20, 2001,
plaintiffs filed a motion for reconsideration of the Court's July 10, 2001 order
granting in part and denying in part defendants' demurrer. On September 7, 2001,
plaintiffs  filed a fourth amended class and  derivative  action  complaint.  On
September 12, 2001, the Court denied plaintiffs' motion for reconsideration.  On
October 5, 2001, the Managing General Partner and affiliated  defendants filed a
demurrer to the fourth amended complaint,  which, together with a demurrer filed
by other  defendants,  is currently  scheduled to be heard on November 15, 2001.
The Court has set the matter for trial in January 2003.

During the third  quarter of 2001, a complaint  (the "Heller  action") was filed
against  the same  defendants  that are named in the  Nuanes  action,  captioned
Heller v. Insignia Financial Group. On or about August 6, 2001, plaintiffs filed
a first amended  complaint.  The first amended complaint in the Heller action is
brought as a purported  derivative  action,  and asserts  claims for among other
things  breach  of  fiduciary  duty;  unfair  competition;   conversion,  unjust
enrichment;  and judicial  dissolution.  Plaintiffs in the Nuanes action filed a
motion to  consolidate  the Heller action with the Nuanes action and stated that
the Heller action was filed in order to preserve the derivative claims that were
dismissed  without  leave to amend in the Nuanes action by the Court order dated
July 10, 2001. On October 5, 2001, the Managing  General  Partner and affiliated
defendants  moved to strike the first  amended  complaint  in its  entirety  for
violating  the Court's July 10, 2001 order  granting in part and denying in part
defendants'  demurrer in the Nuanes action, or alternatively,  to strike certain
portions of the complaint based on the statute of limitations.  Other defendants
in the action  demurred to the fourth  amended  complaint,  and,  alternatively,
moved to strike the complaint.  The matters are currently  scheduled to be heard
on November 15, 2001.

The Managing  General Partner does not anticipate that any costs,  whether legal
or  settlement  costs,  associated  with  these  cases 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.

<PAGE>

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
operations.  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 eight apartment  complexes.
The following  table sets forth the average  occupancy of the properties for the
nine months ended September 30, 2001 and 2000:

                                                   Average Occupancy
      Property                                      2001       2000

      Sunrunner Apartments                          96%        97%
         St. Petersburg, Florida
      Misty Woods Apartments                        91%        93%
         Charlotte, North Carolina
      McMillan Place Apartments                     97%        96%
         Dallas, Texas
      Vinings Peak Apartments                       92%        96%
         Atlanta, Georgia
      Wood Lake Apartments                          91%        95%
         Atlanta, Georgia
      Plantation Crossing                           88%        95%
         Atlanta, Georgia
      Greenspoint Apartments                        93%        94%
         Phoenix, Arizona
      Sandspoint Apartments                         95%        94%
         Phoenix, Arizona

The decrease in occupancy at Vinings Peak  Apartments,  Wood Lake Apartments and
Plantation Crossing Apartments is due to the competitive market of the apartment
industry in the Atlanta  area and the  purchase of new homes by the  apartments'
tenants.  Additionally,  the Managing General Partner attributes the decrease in
occupancy at Wood Lake Apartments and Plantation Crossing Apartments to numerous
evictions  during the current year.  Management is evicting  tenants who are not
complying with the collection policy in an effort to improve the tenant base.

Results of Operations

The Partnership realized net income of approximately  $90,000 and $1,032,000 for
the three and nine month  periods  ended  September  30, 2001 as compared to net
income of  approximately  $483,000 and  $1,586,000  for the three and nine month
periods ended September 30, 2000,  respectively.  The decrease in net income for
the three and nine month periods ended  September 30, 2001 is attributable to an
increase in total expenses and an extraordinary loss on early  extinguishment of
debt.  Excluding the extraordinary loss on early  extinguishment of debt, income
for the three and nine month periods ended September 30, 2001 was  approximately
$129,000 and $1,071,000 as compared to approximately $483,000 and $1,586,000 for
the three and nine  months  ended  September  30,  2000.  The  increase in total
expenses  for the three and nine  month  periods  ended  September  30,  2001 is
primarily  attributable to an increase in operating,  depreciation,  and general
and  administrative  expenses.  The increase in operating expenses for the three
and nine month periods ended  September 30, 2001 is the result of an increase in
insurance  premiums  and an  increase in property  and  advertising  expenses at
several  of the  investment  properties.  Property  expense  increased  for both
periods at several  properties due to increased utility costs as a result of the
decrease in  occupancy.  Property  expense also  increased due to an increase in
employee   salaries  and  related  benefits  at  several  of  the  Partnership's
investment  properties.  Advertising expense increased as a result of the effort
to increase  occupancy at those  investment  properties that have  experienced a
decline in occupancy. Depreciation expense increased for both periods due to the
addition of property  improvements and replacements  that were placed in service
during the past twelve months and are now being  depreciated.  Interest  expense
increased  for the nine  months  ended  September  30,  2001 as a result  of the
contingency  for additional  interest on McMillan Place  Apartments as discussed
below.

The  increase in general and  administrative  expense  during the three and nine
months ended September 30, 2001, is primarily due to an increase in professional
fees and audit expenses  partially offset by a decrease in legal expenses.  Also
included in general and  administrative  expense at both  September 30, 2001 and
2000 are costs  associated  with the  quarterly and annual  communications  with
investors and regulatory agencies.

Total revenues  increased  slightly for the nine months ended September 30, 2001
primarily  due to a casualty  gain as  discussed  below and an increase in other
income which were partially offset by a decrease in rental income.  Other income
increased due to the collection of utility  reimbursements,  lease  cancellation
fees and late charges being enforced at several of the properties. Rental income
decreased due to a decrease in occupancy and  increased  concessions  at several
properties which were partially offset by an increase in average rental rates at
all  investment  properties.  Total  revenues  decreased  slightly for the three
months ended  September 30, 2001 primarily due to a decrease in occupancy and an
increase in concessions at several properties.

In February 2001, one of the Partnership's investment properties, McMillan Place
Apartments,  incurred damages to its buildings as a result of a hail storm. As a
result of the damage,  approximately  $142,000 of fixed assets and approximately
$75,000 of  accumulated  depreciation  were written off resulting in a net write
off of approximately  $67,000. The property received  approximately  $223,000 in
proceeds from the insurance  company to repair the damaged units.  For financial
statement purposes, a casualty gain of approximately  $156,000 was recognized as
a result of the difference  between the proceeds received and the net book value
of the buildings which were damaged.

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  September  30,  2001,  the  Registrant  had  cash and  cash  equivalents  of
approximately  $1,326,000 as compared to  approximately  $1,412,000 at September
30,  2000.  For the  nine  months  ended  September  30,  2001,  cash  and  cash
equivalents  decreased  approximately  $846,000 from the Registrant's year ended
December  31,  2000.  The  decrease  in  cash  and  cash  equivalents  is due to
approximately  $3,424,000 of cash used in financing activities and approximately
$1,326,000   of  cash  used  in  investing   activities   partially   offset  by
approximately $3,904,000 of cash provided by operating activities. Net cash used
in financing  activities  consisted of distributions  to partners,  repayment of
mortgage note payable, and to a lesser extent, payments of principal made on the
mortgages encumbering the Registrant's investment properties and payment of loan
costs which were partially  offset by proceeds  received from the refinancing of
Sunrunner  Apartments.  Net  cash  used in  investing  activities  consisted  of
property  improvements and  replacements and net deposits to restricted  escrows
maintained  by the  mortgage  lenders  partially  offset by  insurance  proceeds
received for a casualty as discussed above. The Partnership  invests its working
capital reserves in interest bearing accounts.

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.  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 each of the Registrant's properties are detailed below.

Sunrunner Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $97,000  of  budgeted  and  non-budgeted   capital  improvements
consisting primarily of roof replacements, exterior painting, and floor covering
and appliance  replacements.  These  improvements  were funded from  Partnership
reserves and operating cash flow. The  Partnership  has budgeted for, but is not
limited  to,  capital  improvements  of  $130,000  at  the  property  consisting
primarily  of floor  covering and  appliance  replacements,  roof  replacements,
contract  painting,   and  air  conditioning  and  water  heater   replacements.
Additional  improvements  may be  considered  and will  depend  on the  physical
condition of the property as well as replacement  reserves and anticipated  cash
flow generated by the property.

Misty Woods Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $113,000  of  budgeted  and  non-budgeted  capital  improvements
consisting  primarily of building  improvements,  floor  covering and  appliance
replacement, lighting and parking lot improvements, wall coverings, and interior
decoration.  These  improvements  were  funded  from  Partnership  reserves  and
operating  cash flow. The  Partnership  has budgeted for, but is not limited to,
capital  improvements of $70,000 at the property  consisting  primarily of floor
covering and appliance  replacements,  wall  coverings,  air  conditioning  unit
upgrades,   interior   decoration  and  parking  lot  improvements.   Additional
improvements may be considered and will depend on the physical  condition of the
property as well as replacement  reserves and anticipated cash flow generated by
the property.

McMillian Place Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $201,000  of  budgeted  and  non-budgeted  capital  improvements
consisting primarily of swimming pool improvements, floor covering and appliance
replacements, interior decoration, other building improvements, and water heater
replacements.   These  improvements  were  funded  from  Partnership   reserves,
operating cash flow and insurance  proceeds.  The  Partnership has budgeted for,
but  is not  limited  to,  capital  improvements  of  $124,000  at the  property
consisting  primarily of appliance  and floor  covering  replacements,  interior
decoration,  and  countertop  and  air  conditioning  replacements.   Additional
improvements may be considered and will depend on the physical  condition of the
property as well as replacement  reserves and anticipated cash flow generated by
the property.

Vinings Peak Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $279,000  of  budgeted  and  non-budgeted  capital  improvements
consisting  primarily  of  land  improvements,  structural  improvements,  other
building improvements,  floor covering and appliance replacements,  signage, air
conditioning upgrades,  water heaters, and recreational facilities improvements.
These  improvements  were funded from operating cash flow. The  Partnership  has
budgeted  for, but is not limited to,  capital  improvements  of $152,000 at the
property consisting primarily of floor covering and appliance replacements,  and
interior decoration.  Additional  improvements may be considered and will depend
on the physical  condition of the property as well as  replacement  reserves and
anticipated cash flow generated by the property.

Wood Lake Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $164,000  of  budgeted  and  non-budgeted  capital  improvements
consisting primarily of land improvements, signage, other building improvements,
floor covering and appliance replacements,  water heaters, roof replacement, and
plumbing improvements.  These improvements were funded from operating cash flow.
The Partnership has budgeted for, but is not limited to, capital improvements of
$137,000 at the property  consisting  primarily of floor  covering and appliance
replacements  and other building  improvements.  Additional  improvements may be
considered and will depend on the physical  condition of the property as well as
replacement reserves and anticipated cash flow generated by the property.

Plantation Crossing Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $175,000  of  budgeted  and  non-budgeted  capital  improvements
consisting primarily of other building  improvements,  structural  improvements,
and floor covering and appliance  replacements.  These  improvements were funded
from operating cash flow. The  Partnership  has budgeted for, but is not limited
to, capital  improvements  of $151,000 at the property  consisting  primarily of
floor covering and appliance  replacements,  wall coverings,  and other building
improvements.  Additional  improvements may be considered and will depend on the
physical  condition  of  the  property  as  well  as  replacement  reserves  and
anticipated cash flow generated by the property.

Greenspoint Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $185,000  of  capital   improvements   consisting  primarily  of
structural and plumbing improvements, floor covering and appliance replacements,
and parking lot enhancements. These improvements were funded from operating cash
flow.  The  Partnership  has  budgeted  for,  but is  not  limited  to,  capital
improvements of $238,000 at the property consisting  primarily of floor covering
and  appliance   replacements,   roof   replacements,   air  conditioning   unit
replacements,   and  plumbing  improvements.   Additional  improvements  may  be
considered and will depend on the physical  condition of the property as well as
replacement reserves and anticipated cash flow generated by the property.


<PAGE>



Sands Point Apartments

During the nine months ended  September  30,  2001,  the  Partnership  completed
approximately   $177,000  of  budgeted  and  non-budgeted  capital  improvements
consisting primarily of structural improvements,  air conditioning improvements,
plumbing  enhancements,  ground lighting  enhancements,  roof replacements,  and
floor covering and appliance  replacements.  These improvements were funded from
operating  cash flow. The  Partnership  has budgeted for, but is not limited to,
capital  improvements of $172,000 at the property consisting  primarily of floor
covering and appliance  replacements,  air conditioning unit replacements,  roof
replacements, swimming pool improvements, plumbing improvements, and parking lot
resurfacing.  Additional  improvements  may be considered and will depend on the
physical  condition  of  the  property  as  well  as  replacement  reserves  and
anticipated cash flow generated by the property.

The additional  capital  expenditures will be incurred only if cash is available
from operations or from 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.

In  connection  with the  January  29,  1998  modification  of the  terms of the
mortgages  encumbering  McMillan Place  Apartments,  the first mortgage requires
additional interest to be paid upon maturity at October 31, 2002 equal to 50% of
the increase in the  appreciated  fair market value of the  property,  which was
stipulated as $12,860,000 at the time of the restructuring. At December 31, 2000
and June 30, 2001, the Managing General Partner estimated that there had been an
increase in the fair market value of McMillan Place Apartments.  A liability for
$250,000 was recorded at December 31, 2000 and is included in other liabilities.
An  additional  liability  for  $250,000  was  recorded  at June 30, 2001 and is
included in other liabilities and interest expense.

On August 31, 2001 the  Partnership  refinanced  the  mortgage  note payable for
Sunrunner Apartments.  The refinancing of Sunrunner Apartments replaced mortgage
indebtedness of approximately $3,250,000 with a new mortgage of $4,650,000.  The
mortgage was  refinanced at a rate of 7.06% compared to the prior rate of 7.33%.
Payments of  approximately  $36,000 are due on the first day of each month until
the note matures in September 2021. At the closing,  a repair escrow of $125,000
was  established  and is held by the  lender.  AIMCO  LP,  an  affiliate  of the
Managing General Partner, has signed as guarantor of this mortgage note payable.
Capitalized loan costs incurred on the refinancing were approximately  $185,000.
The Partnership  wrote off unamortized  loan costs resulting in an extraordinary
loss on early extinguishment of debt of approximately $39,000.

The Partnership's  current assets are thought to be sufficient for any near-term
needs  (exclusive  of capital  improvements)  of the  Partnership.  The mortgage
indebtedness,  excluding Sunrunner Apartments, of approximately $54,996,000, net
of discount,  is amortized over varying periods with required  balloon  payments
ranging  from  October  2002 to January  2006.  The  mortgage  note  payable for
Sunrunner  Apartments of approximately  $4,650,000 is due to mature in September
2021 at which time it is  expected  to be  completely  amortized.  The  Managing
General  Partner  will attempt to refinance  such  indebtedness  and/or sell the
properties prior to such maturity dates. If the properties  cannot be refinanced
or sold for a sufficient amount, the Registrant will risk losing such properties
through foreclosure.

During the nine months ended  September 30, 2001,  the  Partnership  distributed
approximately  $2,769,000  (approximately  $2,442,000  to the limited  partners,
$27.35 per  limited  partnership  unit) from  operations.  Also  during the nine
months ended  September  30, 2001,  the  Partnership  distributed  approximately
$1,095,000 (approximately $1,073,000 to the limited partners, $12.02 per limited
partnership unit) from the refinancing proceeds of Sunrunner Apartments.  During
the  nine  months  ended  September  30,  2000,  the   Partnership   distributed
approximately  $3,591,000  (approximately  $3,167,000 to the limited partners or
$35.47  per  limited  partnership  unit)  from  operations.  The  Registrant  is
prohibited  from  distributing  cash from McMillan Place  operations due to debt
restrictions.  However,  the Registrant  can distribute  cash from the remaining
properties' operations.  The Partnership's  distribution policy is reviewed on a
monthly basis.  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. There can be no assurance,
however,  that the Partnership  will generate  sufficient  funds from operations
after required capital  expenditures to permit any further  distributions to its
partners during the remainder of 2001 or subsequent periods.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates owned 49,988.66 limited partnership units
in the Partnership representing 55.98% of the outstanding units at September 30,
2001. A number of these units were  acquired  pursuant to tender  offers made by
AIMCO or its  affiliates.  It is  possible  that  AIMCO or its  affiliates  will
acquire additional limited partnership  interests in the Partnership for cash or
in exchange  for units in the  operating  partnership  of AIMCO  either  through
private purchases or tender offers. Under the Partnership Agreement, unitholders
holding a majority of the Units are  entitled  to take action with  respect to a
variety of matters,  which would include without  limitation,  voting on certain
amendments  to the  Partnership  Agreement  and  voting to remove  the  Managing
General  Partner.  As a result of its  ownership  of  55.98% of the  outstanding
units,  AIMCO is in a position to influence all voting decisions with respect to
the Registrant.  When voting on matters,  AIMCO would in all likelihood vote the
Units it acquired in a manner  favorable to the interest of the Managing General
Partner because of its affiliation with the Managing  General Partner.  However,
IPLP,  an  affiliate  of the  Managing  General  Partner,  is  required  to vote
25,228.66 of its Units:  (i) against any proposal to increase the fees and other
compensation  payable by the Partnership to the Managing General Partner and any
of  its  affiliates;  and  (ii)  on all  other  matters  submitted  by it or its
affiliates,  in  proportion  to the votes cast by non  tendering  unit  holders.
Except for the foregoing,  no other limitations are imposed on IPLP's or AIMCO's
right to vote its Units.


<PAGE>


                           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. (the "Nuanes action") in the Superior Court of the
State of  California  for the  County  of San  Mateo.  The  plaintiffs  named as
defendants,  among others,  the  Partnership,  its Managing  General Partner and
several of their  affiliated  partnerships  and corporate  entities.  The action
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,  among other
things,  the  acquisition of interests in certain  general  partner  entities by
Insignia  Financial  Group,  Inc.  ("Insignia")  and entities which were, at one
time,  affiliates of Insignia;  past tender offers by the Insignia affiliates to
acquire  limited  partnership  units;  management  of  the  partnerships  by the
Insignia  affiliates;  and the series of transactions which closed on October 1,
1998 and  February 26, 1999 whereby  Insignia  and  Insignia  Properties  Trust,
respectively,  were merged into AIMCO.  The plaintiffs seek 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  filed an amended
complaint. The Managing General Partner filed demurrers to the amended complaint
which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims, subject to court approval, on behalf of the Partnership and all
limited partners who owned units as of November 3, 1999. Preliminary approval of
the  settlement  was obtained on November 3, 1999 from the Court,  at which time
the Court set a final  approval  hearing for  December  10,  1999.  Prior to the
December  10,  1999  hearing,  the  Court  received  various  objections  to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December 14, 1999, the Managing  General  Partner and its affiliates  terminated
the  proposed  settlement.  In  February  2000,  counsel  for some of the  named
plaintiffs filed a motion to disqualify plaintiff's lead and liaison counsel who
negotiated  the  settlement.  On June  27,  2000,  the  Court  entered  an order
disqualifying  them  from the case and an  appeal  was  taken  from the order on
October 5, 2000. On December 4, 2000, the Court  appointed the law firm of Lieff
Cabraser  Heimann & Bernstein  LLP as new lead  counsel for  plaintiffs  and the
putative class.  Plaintiffs filed a third amended complaint on January 19, 2001.
On March 2, 2001,  the  Managing  General  Partner  and its  affiliates  filed a
demurrer to the third amended  complaint.  On May 14, 2001,  the Court heard the
demurrer to the third amended  complaint.  On July 10, 2001, the Court issued an
order  sustaining  defendants'  demurrer on certain  grounds.  On July 20, 2001,
plaintiffs filed a motion for reconsideration of the Court's July 10, 2001 order
granting in part and denying in part defendants' demurrer. On September 7, 2001,
plaintiffs  filed a fourth amended class and  derivative  action  complaint.  On
September 12, 2001, the Court denied plaintiffs' motion for reconsideration.  On
October 5, 2001, the Managing General Partner and affiliated  defendants filed a
demurrer to the fourth amended complaint,  which, together with a demurrer filed
by other  defendants,  is currently  scheduled to be heard on November 15, 2001.
The Court has set the matter for trial in January 2003.

During the third  quarter of 2001, a complaint  (the "Heller  action") was filed
against  the same  defendants  that are named in the  Nuanes  action,  captioned
Heller v. Insignia Financial Group. On or about August 6, 2001, plaintiffs filed
a first amended  complaint.  The first amended complaint in the Heller action is
brought as a purported  derivative  action,  and asserts  claims for among other
things  breach  of  fiduciary  duty;  unfair  competition;   conversion,  unjust
enrichment;  and judicial  dissolution.  Plaintiffs in the Nuanes action filed a
motion to  consolidate  the Heller action with the Nuanes action and stated that
the Heller action was filed in order to preserve the derivative claims that were
dismissed  without  leave to amend in the Nuanes action by the Court order dated
July 10, 2001. On October 5, 2001, the Managing  General  Partner and affiliated
defendants  moved to strike the first  amended  complaint  in its  entirety  for
violating  the Court's July 10, 2001 order  granting in part and denying in part
defendants'  demurrer in the Nuanes action, or alternatively,  to strike certain
portions of the complaint based on the statute of limitations.  Other defendants
in the action  demurred to the fourth  amended  complaint,  and,  alternatively,
moved to strike the complaint.  The matters are currently  scheduled to be heard
on November 15, 2001.

The Managing  General Partner does not anticipate that any costs,  whether legal
or  settlement  costs,  associated  with  these  cases will be  material  to the
Partnership's overall operations.


<PAGE>



ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            a)    Exhibits:

                  None.

            b)    Reports on Form 8-K:

                  Current  Report on Form 8-K dated August 30, 2001 and filed on
                  September  25,  2001 in  connection  with the  refinancing  of
                  Sunrunner Apartments.



<PAGE>


                                   SIGNATURES



In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                                    CENTURY PROPERTIES FUND XIX


                                    By:   FOX PARTNERS II
                                          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/Martha L. Long
                                          Martha L. Long
                                          Senior Vice President
                                          and Controller


                                    Date: