<PAGE>


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

                              FORM 10-K

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

                 For The Year Ended December 31, 2005

                                    OR

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

            For the transition period from N/A to N/A
                                           ---    ---

                      Commission File No. 814-82

TECHNOLOGY FUNDING VENTURE PARTNERS V, AN AGGRESSIVE GROWTH FUND, L.P.
----------------------------------------------------------------------
         (Exact name of Registrant as specified in its charter)

          DELAWARE                             94-3094910
-------------------------------    ----------------------------------
(State or other jurisdiction of    (I.R.S. Employer Identification
incorporation or organization)      No.)

1107 Investment Boulevard, Suite 180
El Dorado Hills, California                                   95762
---------------------------------------                     --------
(Address of principal executive offices)                   (Zip Code)

                              (916) 941-1400
             --------------------------------------------------
            (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  Limited
  Partnership Units

Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the Registrant was required to file such reports)
and (2) has been subject to such filing requirements for the past 90
days.                                                   Yes  X  No
                                                            ---   ---

Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 12B-2 of the Act).                  Yes    No X
                                                           ---   ---

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of
this Form 10-K or any amendment to this Form 10-K.               [   ]
No active market for the Units of limited partnership interests
(Units) exist, and therefore the market value of such Units cannot be
determined.
Documents incorporated by reference:  Portions of the Registrant's
Proxy Statement relating to the Registrant's Meeting of Limited
Partners held on November 8, 2002 are incorporated by reference into
Part III of this Form 10-K where indicated.



<PAGE>

The Partnership incorporates by reference the document listed below:

The Partnership's annual report on Form 10-K for the year ended December
31, 2005, filed on March 28, 2006, file number 814-00082.



STATEMENTS OF INVESTMENTS
-------------------------
<TABLE>
<CAPTION>
                                           Principal
                                           Amount or     December 31, 2005     December 31, 2004
Industry                                   Shares at     ------------------    -----------------
(1)                          Investment  December 31,    Cost        Fair       Cost       Fair
Company            Position     Date        2005         Basis       Value      Basis      Value
----------------   --------  ----------  -----------     -----       -----      -----      -----
<S>               <C>           <C>          <C>          <C>         <C>        <C>        <C>

Equity Investments
------------------

Short Term Investments
----------------------

Privately Held Securities Available for Immediate Sale
------------------------------------------------------

Medical
-------
4.8% and 2.5% at December 31, 2005 and 2004, respectively
---------------------------------------------------------

Sanarus Medical,   Preferred    1999-
 Inc. (a) (b)      shares       2004      260,488 $   390,049   $  104,195  $   390,049  $  179,940
                                                   ----------    ---------   ----------   ---------











Public Securities Available for Immediate Sale
----------------------------------------------

Medical
-------
1.6% and 1.8% at December 31, 2005 and 2004, respectively
---------------------------------------------------------

Endocare, Inc.     Common       1996-
 (b)               shares       2004       12,337      40,581       33,805      167,992     127,786
                                                   ----------    ---------   ----------   ---------

Scientific and Technical Instruments
------------------------------------
0.4% and 0.0% at December 31, 2005 and 2004, respectively
---------------------------------------------------------

Qualmark          Common
Corp.             shares        2005        4,705       8,187        8,469           --          --
                                                   ----------    ---------   ----------   ---------

Current Bridge Loan Receivable
------------------------------

Industrial/Business Automation
------------------------------
4.9% and 2.0% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
Innergy Power
 Corporation      Bridge
 (b)              loan (2)      2001      244,000     153,064      107,145      201,816     141,271
                                                   ----------     --------   ----------   ---------








Long Term Investments
---------------------

Biomedical
----------
0.0% and 0.8% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
Celera Genomics   Common
  Group           shares        2000            0          --           --      141,000      55,894
                                                   ----------    ---------   ----------   ---------

Biotechnology
-------------
14.4% and 4.4% at December 31, 2005 and 2004, respectively
----------------------------------------------------------

CellzDirect, Inc. Preferred     2002-
  (a) (b)         shares        2004    2,029,232     783,883      313,553      783,883    313,553
                                                   ----------    ---------   ----------  ---------

Communications
--------------
0.0% and 2.4% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
iVillage          Common
 Inc.             shares        2004            0          --           --     152,401     169,950
                                                   ----------    ---------  ----------   ---------

Environmental
-------------
0.0% and 0.0% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
Triangle          Common
 Biomedical       shares and
 Sciences,        attached
 Inc.(a)          warrants
                  at $28.00;
                  expiring 2009 1999        1,806      37,366           --      37,366          --
                                                   ----------    ---------  ----------   ---------

High Tech/Financial
-------------------
0.0% and 7.0% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
VenCore Solutions,              2002-
 LLC  (a) (b)     LLC Units     2005            0          --           --     625,000     250,000
VenCore Solutions,              2002-
 LLC  (a) (b)     Various       2004            0          --           --     444,347     253,662
                                                   ----------    ---------  ----------   ---------
                                                           --           --   1,069,347     503,662
                                                   ----------    ---------  ----------   ---------
Industrial/Business Automation
------------------------------
3.4% and 8.7% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
Innergy Power
 Corporation      Preferred     1995-
 (a) (b)          shares        2002      890,006   2,729,035       69,917   2,727,035     522,574
Various                         1997-
 investments      Various       2004      various     259,917        3,999     258,270     102,848
                                                   ----------    ---------  ----------   ---------
                                                    2,988,952       73,916   2,985,305     625,422
                                                   ----------    ---------  ----------   ---------

Information Technology
----------------------
13.0% and 5.9% at December 31, 2005 and 2004, respectively
----------------------------------------------------------
KeyEye
 Communications,  Preferred     2002-
 Inc. (a) (b)     shares        2004    5,366,165   1,050,000      210,000   1,050,000     420,000
KeyEye
 Communications,  Bridge
 Inc. (b)         loan (2)      2005      367,383     368,672       73,734           0           0
                                                   ----------    ---------  ----------   ---------
                                                    1,418,672      283,734   1,050,000     420,000
                                                   ----------    ---------  ----------   ---------



Medical
-------
101.0% and 37.4% at December 31, 2005 and 2004, respectively
------------------------------------------------------------
Atherotech,       Preferred     2000-
 Inc. (a) (b)     shares        2002    1,055,372   2,724,822    1,882,784   2,724,822   1,882,784
Impres Medical,   Preferred     2002-
 Inc.(a) (b)      shares        2004    2,005,787   1,583,422      318,184   1,583,422     636,369
Various                         1996-
 investments      various       2004      various     214,208            0     499,241     154,284
                                                   ----------    ---------  ----------   ---------
                                                    4,522,452    2,200,968   4,807,485   2,673,437
                                                   ----------    ---------  ----------   ---------

Retail/Consumer Products
------------------------
33.6% and 17.6% at December 31, 2005 and 2004, respectively
----------------------------------------------------------
Dakota Arms,      Preferred
 Inc. (a) (b)     shares        2004      571,430   1,000,001      200,001   1,000,001   1,000,003
Dakota Holdings,  LLC           2004-
 LLC  (a)         units         2005    1,520,000   2,547,500      532,000     150,000     262,500
Dakota Holdings,  Bridge
 LLC  (b)         loan (2)      2005          153         153           31           0           0
                                                   ----------    ---------  ----------   ---------
                                                    3,547,654      732,032   1,150,001   1,262,503
                                                   ----------    ---------  ----------   ---------

Venture Capital Limited Partnership Investments
-----------------------------------------------
0.0% and 1.7% at December 31, 2005 and 2004, respectively
---------------------------------------------------------
Various           Ltd.
 investments      Partnership
                  interests    various   various      360,274            0     835,792     124,052
                                                   ----------    ---------  ----------   ---------


Total equity investments - 177.0% and 92.2% at
 December 31, 2005 and 2004, respectively         $14,251,134   $3,857,817 $13,772,437  $6,597,470
                                                   ----------    ---------  ----------   ---------
Legend and footnotes:

--  No investment held at end of period.
0	 Investment active with a carrying value or fair value of zero.
(a) Equity security acquired in a private placement transaction; resale may be subject to certain
selling restrictions.
(b) Portfolio company is an affiliate of the Partnership; resale may be subject to certain selling
restrictions.


(1) Represents the total fair value of a particular industry segment as a percentage of partners'
capital at 12/31/05 and 12/31/04.
(2) The Partnership has no income-producing equity investments except for convertible notes which
include accrued interest.  Interest rates on such notes range from 4.79 percent to 8 percent.

</TABLE>


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



Technology Funding Venture Partners V, L.P.     2:40 PM     05/31/06
(a Delaware limited partnership, in process of liquidation)

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Technology Funding Venture Partners V, L.P.
(a Delaware limited partnership, in process of liquidation)