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 March 31, 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)

                                 March 31, 2001

<TABLE>
<CAPTION>


Assets
<S>                                                         <C>             <C>
   Cash and cash equivalents                                                $  1,352
   Receivables and deposits                                                      796
   Restricted escrows                                                            130
   Other assets                                                                  628
   Investment properties:
      Land                                                   $ 11,635
      Buildings and related personal property                  89,159
                                                              100,794
      Less accumulated depreciation                           (50,125)       50,669
                                                                           $ 53,575
Liabilities and Partners' (Deficit) Capital

Liabilities
   Accounts payable                                                        $    161
   Tenant security deposits payable                                             339
   Accrued property taxes                                                       502
   Due to former affiliate                                                      270
   Other liabilities                                                            783
   Mortgage notes payable                                                    58,850

Partners' (Deficit) Capital:
   General partner                                           $ (9,609)
   Limited partners (89,292 units issued and
      outstanding)                                              2,279        (7,330)
                                                                           $ 53,575

            See Accompanying Notes to Consolidated Financial Statements
</TABLE>



<PAGE>




b)

                           CENTURY PROPERTIES FUND XIX

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



                                                           Three Months Ended
                                                               March 31,
                                                        2001               2000
Revenues:
   Rental income                                       $ 4,191           $ 4,147
   Other income                                            280               165
   Gain on casualty                                        158                --
      Total revenues                                     4,629             4,312

Expenses:
   Operating                                             1,373             1,440
   General and administrative                              120                79
   Depreciation                                            863               801
   Interest                                              1,203             1,217
   Property tax                                            350               389
      Total expenses                                     3,909             3,926

Net income                                              $  720            $  386

Net income allocated to general partner                 $   85            $   46
Net income allocated to limited partners                   635               340
                                                        $  720            $  386

Net income per limited partnership unit                 $ 7.11            $ 3.81

Distributions per limited partnership unit              $13.58            $   --

            See Accompanying Notes to Consolidated Financial Statements


<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 to partners                 --        (162)      (1,213)      (1,375)

Net income for the three months
   ended March 31, 2001                   --          85          635          720

Partners' (deficit) capital
   at March 31, 2001                  89,292     $(9,609)     $ 2,279      $(7,330)


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>



d)
                           CENTURY PROPERTIES FUND XIX

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

<TABLE>
<CAPTION>

                                                                 Three Months Ended
                                                                       March 31,
                                                                  2001        2000
Cash flows from operating activities:
<S>                                                             <C>          <C>
  Net income                                                    $   720      $   386
  Casualty gain                                                    (158)          --
  Adjustments to reconcile net income to net
   cash provided by operating activities:
      Depreciation                                                  863          801
      Amortization of loan costs and discount                        24           25
      Change in accounts:
       Receivables and deposits                                     100           91
       Other assets                                                (101)         (68)
       Accounts payable                                             (77)         202
       Tenant security deposits payable                             21             3
       Accrued property taxes                                       (13)         (75)
       Other liabilities                                            (96)         (14)
         Net cash provided by operating activities                1,283        1,351

Cash flows from investing activities:
  Property improvements and replacements                           (542)        (590)
  Net (deposits to) withdrawals from restricted escrows              (4)          93
         Net cash used in investing activities                     (546)        (497)

Cash flows from financing activities:
  Payment on mortgage notes payable                                (182)        (169)
  Distributions to partners                                      (1,375)          --
         Net cash used in financing activities                   (1,557)        (169)

Net (decrease) increase in cash and cash equivalents               (820)         685
Cash and cash equivalents at beginning of period                  2,172        2,900
Cash and cash equivalents at end of period                      $ 1,352      $ 3,585

Supplemental disclosure of cash flow information:
  Cash paid for interest                                        $ 1,178      $ 1,192

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

At March 31, 2000,  accounts payable and property  improvements and replacements
were adjusted by approximately $165,000.


            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  month  period  ended  March 31,  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 establishes  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 2000, 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  $137,000 of fixed assets and approximately
$72,000 of  accumulated  depreciation  were written off resulting in a net write
off of approximately  $65,000. 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  $158,000 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 - 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  payments to the Managing  General Partner and its affiliates were
incurred during the three months ended March 31, 2001 and 2000:

                                                                  2001      2000
                                                                  (in thousands)
 Property management fees (included in operating expenses)        $227      $220
 Reimbursement for services of affiliates (included in
   general and administrative and operating expenses
   and investment properties)                                       42        47

During  the three  months  ended  March 31,  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  $227,000 and
$220,000 for the three months ended March 31, 2001 and 2000, respectively.

An  affiliate  of  the  Managing  General  Partner  received   reimbursement  of
accountable  administrative  expenses  amounting  to  approximately  $42,000 and
$47,000 for the three month periods ended March 31, 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  $137,000 in Partnership  management  fees were paid
along with the  distribution  from operations made during the three months ended
March 31, 2001. No fees were paid during the three months ended March 31, 2000.

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 49,732.66 limited partnership units
in the Partnership  representing  55.70% of the  outstanding  units at March 31,
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  55.70% 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 their affiliation with the Managing General Partner. However,
IPLP, an affiliate of the Managing General

<PAGE>


Note C - Transactions with Affiliated Parties (continued)

Partner, is required to vote 24,811.66 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 right to vote its Units.

Note D - Distribution

During the three  months  ended  March 31,  2001,  the  Partnership  distributed
approximately  $1,375,000  (approximately  $1,213,000  to the limited  partners,
$13.58 per limited  partnership  unit) from operations.  Subsequent to March 31,
2001, the Partnership distributed approximately $353,000 (approximately $346,000
to the limited  partners,  $3.87 per limited  partnership unit) from operations.
There were no distributions during the three months ended March 31, 2000.

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,  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 Insignia  Merger.  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.  The demurrer is scheduled to be heard
on May 14,  2001.  The Court has also  scheduled a hearing on a motion for class
certification  for August 27, 2001.  Plaintiffs must file their motion for class
certification no later than June 15, 2001. The Managing General Partner does not
anticipate  that  costs  associated  with  this  case  will be  material  to the
Partnership's overall operations.


<PAGE>

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
three months ended March 31, 2001 and 2000:

                                                   Average Occupancy
      Property                                      2001       2000

      Sunrunner Apartments                          96%        98%
         St. Petersburg, Florida
      Misty Woods Apartments                        92%        93%
         Charlotte, North Carolina
      McMillan Place Apartments                     97%        97%
         Dallas, Texas
      Vinings Peak Apartments                       94%        96%
         Atlanta, Georgia
      Wood Lake Apartments                          91%        96%
         Atlanta, Georgia
      Plantation Crossing                           87%        94%
         Atlanta, Georgia
      Greenspoint Apartments                        95%        94%
         Phoenix, Arizona
      Sandspoint Apartments                         96%        94%
         Phoenix, Arizona

The  Managing  General  Partner  attributes  the  decrease in  occupancy at both
Plantation  Crossing  Apartments and Wood Lake Apartments to numerous  evictions
during the current quarter. 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  $720,000 and $386,000 for
the three  month  periods  ended  March 31,  2001 and  2000,  respectively.  The
increase in net income is  attributable  to an increase in total  revenues.  The
increase  in  total  revenues  is due  to a  casualty  gain  at  McMillan  Place
Apartments  (see Item 1.  Financial  Statements,  Note B  Casualty  Gain) and an
increase in rental income and other income. The increase in rental income is the
result of increased average rental rates at all of the Partnership's  properties
which more than  offset the  decrease  in  occupancy  at five of the  investment
properties.  The  increase in other  income is  primarily  due to an increase in
interest income due to higher cash balances being maintained in interest-bearing
accounts.  Other income also increased due to the  collection of pet fees,  late
charges,  and lease  cancellation  fees being  enforced by management at several
properties.  Total  expenses  remained  relatively  stable,  however,  operating
expense and  property tax expense  decreased  while  general and  administrative
expenses and depreciation expense increased.  The decrease in operating expenses
is the result of a decrease in maintenance expense which was partially offset by
an increase in  advertising  expenses  and  property  expense.  The  decrease in
maintenance  expense is primarily due to the reduction in contract  services and
fewer routine  maintenance  repairs at the  investment  properties.  Advertising
expense  increased  as a  result  of a  decline  in  occupancy  at  five  of the
investment properties. Property expenses increased due to an increase in utility
costs  incurred  by the  investment  properties  as a result of the  decline  in
occupancy.  Property  tax  expense  decreased  due to the timing and  receipt of
invoices from the taxing authorities that affected prior estimates. Depreciation
expense  increased  as a result of the  addition  of property  improvements  and
replacements that were placed in service during the past twelve months.

General and administrative  expense increased due to an increase in professional
fees and services.  Included in general and administrative expense at both March
31, 2001 and 2000 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, 2001, the Registrant had cash and cash equivalents of approximately
$1,352,000 as compared to  approximately  $3,585,000 at March 31, 2000.  For the
three  months  ended  March  31,  2001,  cash  and  cash  equivalents  decreased
approximately  $820,000 from the Registrant's  year ended December 31, 2000. The
decrease in cash and cash equivalents is due to approximately $1,557,000 of cash
used  in  financing  activities  and  approximately  $546,000  of  cash  used in
investing  activities which was partially offset by approximately  $1,283,000 of
cash  provided by operating  activities.  Net cash used in investing  activities
consisted  of  capital   improvements  and  replacements  and  net  deposits  to
restricted escrows maintained by the mortgage lender. Net cash used in financing
activities consisted of payments of principal made on the mortgages  encumbering
the  Registrant's  investment  properties  and  distributions  to partners.  The
Partnership invests its working capital reserves in interest bearing accounts.

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  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately $22,000 of capital improvements  consisting primarily of appliance
and floor covering replacements. These improvements were funded from Partnership
reserves.  Approximately  $130,000  has  been  budgeted  for  2001  for  capital
improvements at Sunrunner Apartments  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.


<PAGE>



Misty Woods Apartments

During  the  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $43,000 of capital  improvements  consisting  primarily  of floor
covering  replacements,  wall coverings,  interior  decoration,  and parking lot
improvements.   These   improvements  were  funded  from  operating  cash  flow.
Approximately  $63,000 has been  budgeted for 2001 for capital  improvements  at
Misty Woods  Apartments  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  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $46,000 of capital  improvements  consisting  primarily  of water
heater  replacements,   interior  decorations,  appliances  and  floor  covering
replacements.   These   improvements  were  funded  from  operating  cash  flow.
Approximately  $111,000 has been budgeted for 2001 for capital  improvements  at
McMillian Place Apartments consisting primarily of appliance replacement,  floor
covering replacements,  interior decorating, 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  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $69,000 of capital  improvements  consisting  primarily  of floor
covering  replacement and appliance  replacements,  structural  improvements and
landscaping  improvements.  These  improvements  were funded from operating cash
flow. Approximately $109,000 has been budgeted for 2001 for capital improvements
at Vinings Peak Apartments  consisting primarily of floor covering and appliance
replacements,   and  interior  decorations.   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  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $77,000 of capital  improvements  consisting  primarily  of floor
covering  and  appliance  replacement,   plumbing  improvements,   water  heater
replacement and landscaping  improvements.  These  improvements were funded from
operating  cash  flow.  Approximately  $98,000  has been  budgeted  for 2001 for
capital  improvements  at Wood Lake  Apartments  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  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $85,000 of capital  improvements  consisting  primarily  of floor
covering replacement and appliance replacements,  wall coverings,  swimming pool
improvements  and plumbing  improvements.  These  improvements  were funded from
operating  cash flow.  Approximately  $140,000  has been  budgeted  for 2001 for
capital  improvements  at  Plantation  Crossing  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.


<PAGE>



Greenspoint Apartments

During  the  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $35,000 of capital  improvements  consisting primarily of parking
area improvements, furniture upgrades, plumbing replacements, floor covering and
appliance replacements. These improvements were funded from operating cash flow.
Approximately  $224,000 has been budgeted for 2001 for capital  improvements  at
Greenspoint  Apartments  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.

Sands Point Apartments

During  the  three  months  ended  March 31,  2001,  the  Partnership  completed
approximately  $33,000 of capital improvements  consisting primarily of plumbing
enhancements, roof replacements,  floor covering and appliance replacements, and
structural  improvements.  These  improvements  were funded from  operating cash
flow. Approximately $158,000 has been budgeted for 2001 for capital improvements
at Sands Point Apartments  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.

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 of approximately  $58,850,000,  net of discount,  is amortized over
varying  periods with  required  balloon  payments  ranging from October 2002 to
January  2006.  The Managing  General  Partner  will  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 Registrant
will risk losing such properties through foreclosure.

The Registrant was prohibited from making  distributions  from the operations of
the Registrant  until the mortgages  encumbering  McMillan Place were satisfied.
However, under the terms of the debt restructuring obtained on McMillan Place on
January 29, 1998, the Registrant is now permitted to make distributions from the
operations of the  Registrant's  other investment  properties.  During the three
months  ended  March  31,  2001,  the  Partnership   distributed   approximately
$1,375,000 (approximately $1,213,000 to the limited partners, $13.58 per limited
partnership  unit) from  operations.  Subsequent to the three months ended March
31, 2001, the  Partnership  distributed  approximately  $353,000  (approximately
$346,000  to the limited  partners,  $3.87 per  limited  partnership  unit) from
operations.  There were no distributions during the three months ended March 31,
2000. 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 Partnership's distribution
policy is reviewed on a semi-annual basis.  There can be no assurance,  however,
that the  Partnership  will  generate  sufficient  funds from  operations  after
required capital expenditures to permit further distributions to its partners in
2001 or subsequent periods.


<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. 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 Insignia  Merger.  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.  The demurrer is scheduled to be heard
on May 14,  2001.  The Court has also  scheduled a hearing on a motion for class
certification  for August 27, 2001.  Plaintiffs must file their motion for class
certification no later than June 15, 2001. The Managing General Partner does not
anticipate  that  costs  associated  with  this  case  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:

                  None filed during the quarter ended March 31, 2001.



<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: May 7, 2001