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 (Fee Required)

For the year ended December 31, 1995

 / / Transition report pursuant to Section 13 or 15(d) of the 
Securities Exchange Act of 1934 (Fee Required)

For the transition period from _______________ to ______________

Commission file number 0-20131

                Fidelity Leasing Income Fund VIII, L.P.                
______________________________________________________________________
         (Exact name of registrant as specified in its charter)        

            Delaware                            23-2627143             
______________________________________________________________________
    (State of Organization)      (I.R.S. Employer Identification No.)

7 E. Skippack Pike, Suite 275, Ambler, Pennsylvnaia            19002
______________________________________________________________________
       (Address of principal executive offices)            (Zip Code)   

                         (215) 619-2800                                
______________________________________________________________________
         (Registrant's telephone number, including area code)          

Securities registered pursuant to Section 12 (b) of the Act:

                                             Name of Each Exchange     
      Title of Each Class                     on Which Registered      

               None                             Not applicable         

Securities registered pursuant to Section 12 (g) of the Act:

                      Limited Partnership Interests                    

                            Title of Class                             

     Indicate by check mark whether the registrant (1) has filed all 
reports required to be filed by Sections 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_____

The number of outstanding limited partnership units of the Registrant 
at December 31, 1995 is 22,812.

There is no public market for these securities.

The index of Exhibits is located on page 10.

                                  1

                                PART I
Item 1.  BUSINESS

     Fidelity Leasing Income Fund VIII, L.P. (the "Fund"), a Delaware 
limited partnership, was organized in 1990 and acquires equipment, 
primarily computer peripheral equipment, including printers, tape and 
disk storage devices, data communications equipment, computer 
terminals, data processing and office equipment, which is leased to 
third parties on a short-term basis.  The Fund's principal objective 
is to generate leasing revenues for distribution.  The Fund manages 
the equipment, releasing or disposing of equipment as it comes off 
lease in order to achieve its principal objective.  The Fund will not 
borrow funds to purchase equipment.

     The Fund generally acquires equipment subject to a lease.  
Purchases of equipment for lease are typically made through equipment 
leasing brokers, under a sale-leaseback arrangement directly from 
lessees owning equipment, from the manufacturer either pursuant to a 
purchase agreement relating to significant quantities of equipment or 
on an ad hoc basis to meet the needs of a particular lessee.

     The equipment leasing industry is highly competitive.  The Fund 
competes with leasing companies, equipment manufacturers and 
distributors, and entities similar to the Fund (including similar 
programs sponsored by the General Partner), some of which have greater 
financial resources than the Fund and more experience in the equipment 
leasing business than the General Partner.  Other leasing companies 
and equipment manufacturers and distributors may be in a position to 
offer equipment to prospective lessees on financial terms which are 
more favorable than those which the Fund can offer.  They may also be 
in a position to offer trade-in-privileges, maintenance contracts and 
other services which the Fund may not be able to offer.  Equipment 
manufacturers and distributors may offer to sell equipment on terms 
and conditions (such as liberal financing terms and exchange 
privileges) which will afford benefits to the purchaser similar to 
those obtained through leases.  As a result of the advantages which 
certain of its competitors may have, the Fund may find it necessary to 
lease its equipment on a less favorable basis than certain of its 
competitors.

     The computer equipment industry is extremely competitive as well.  
Competitive factors include pricing, technological innovation and 
methods of financing.  Certain manufacturer-lessors maintain 
advantages through patent protection, where applicable, and through 
product protection by the use of a policy which combines service and 
hardware with payment for such benefits accomplished through a single 
periodic charge.

     The dominant factor in the marketplace is International Business 
Machines Corporation ("IBM").  Because of IBM's substantial resources 
and dominant position, revolutionary changes with respect to pricing, 
marketing practices, technological innovation and the availability of 
new and attractive financing plans could occur at almost any time.  
Significant action in any of these areas by IBM might materially 
adversely affect the General Partner's ability to identify and 
purchase appropriate equipment.  It is the belief of the General 
Partner that IBM will continue to make significant advances in the 
computer equipment industry which may result in revolutionary changes 
with respect to small, medium and large computer systems.

                                   2

     A brief description of the types of equipment in which the Fund 
has invested as of December 31, 1995, together with information 
concerning the users of such equipment is contained in Item 2, 
following.

     The Fund does not have any employees.  All persons who work on 
the Fund are employees of the General Partner.

Item 2.  PROPERTIES

     The following schedules detail the type and aggregate purchase 
price of the various types of equipment acquired and leased by the 
Fund as of December 31, 1995, along with the percentage of total 
equipment represented by each type of equipment, a breakdown of 
equipment usage by industrial classification and the average initial 
term of leases:

                                  Purchase Price       Percentage of 
Type of Equipment Acquired         of Equipment       Total Equipment

Communication Controllers           $  307,668             3.45% 
Disk Storage Systems                 4,874,504            54.60
Network Communications                 724,196             8.11  
Personal Computers, Terminals
 and Display Stations                  512,278             5.75
Printers                             1,588,453            17.79
Tape Storage Systems                   910,063            10.19
Other                                    9,934             0.11
                                    __________           _______  

        Totals                      $8,927,096           100.00% 
                                    ==========           =======  

                    Breakdown of Equipment Usage
                    By Industrial Classification

                                  Purchase Price       Percentage of 
Type of Business                   of Equipment       Total Equipment

Computers/Data Processing           $1,432,494            16.05%
Consumer Products/Retailing          1,329,900            14.90
Diversified Financial/Banking/
 Insurance                           3,258,985            36.51
Manufacturing/Refining               1,695,989            19.00
Publishing/Printing                     43,835             0.49
Telephone/Telecommunications         1,165,893            13.05
                                    __________           _______ 

        Totals                      $8,927,096           100.00%
                                    ==========           =======  

Average Initial Term of Leases (in months):  40

All of the above equipment is currently leased under operating leases.

Item 3.  LEGAL PROCEEDINGS

     Not applicable.

                                    3
Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     Not applicable.

                              PART II

Item 5.  MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SECURITY 
         HOLDER MATTERS

         (a)  The Fund's limited partnership units are not publicly  
         traded.  There is no market for the Fund's limited    
         partnership units and it is unlikely that any will develop.

         (b)  Number of Equity Security Holders:

                                                   Number of Partners  
                  Title of Class               as of December 31, 1995

          Limited Partnership Interests                   962

          General Partnership Interest                      1

<TABLE>
Item 6.  SELECTED FINANCIAL DATA
         <CAPTION>
                                               For the Years Ended December 31,      

                                    1995         1994         1993         1992       1991(1)
<S>                              <C>          <C>          <C>          <C>           <C>      
Total Income                     $2,543,493   $3,452,905   $3,376,928	   $2,574,789   $343,068
Net Income(Loss)                   (137,721)     123,837      207,044	      138,640     11,001
Distributions to Partners         1,105,691    1,307,741    1,377,737	    1,273,195    119,105
Net Income (Loss) per Equivalent
  Limited Partnership Unit            (9.05)        6.16         9.12         5.47       0.79
Weighted Average Number of
 Equivalent Limited Partnership
 Units Outstanding During the Year   15,067       17,997       	21,200       22,921     11,623
</TABLE>
<TABLE>
                                                     December 31,                  

                                    1995         1994         1993          1992      1991(1)
<S>                              <C>          <C>           C>           <C>           <C>      
Total Assets                     $5,596,725   $6,966,272	   $8,619,625	  $10,116,518 $6,830,859
Equipment under Operating
 Leases and Equipment Held for
 Sale or Lease (Net)              2,395,085    4,323,766	    6,282,710	    8,433,473  6,046,448
Limited Partnership
 Units                               22,812       23,223	       24,406	       25,556     15,620
Limited Partners                        962          975          992	        1,021        608
</TABLE>

(1) The Fund was initially capitalized on November 21, 1990 and began
operations on September 3, 1991.  Therefore, operations for the period from 
September 3, 1991 through December 31, 1991 are reflected herein.


                                     4




Item 7. Management's Discussion and Analysis of Financial Condition and Results
          of Operations

Results of Operations

     Fidelity Leasing Income Fund VIII, L.P. had revenues of $2,543,493, 
$3,452,905 and $3,376,928 for the years ended December 31, 1995, 1994 and 1993, 
respectively.  Rental income from the leasing of computer peripheral equipment 
accounted for 93%, 90% and 93% of total revenues in 1995, 1994 and 1993, 
respectively.  The decrease in total revenue in 1995 is primarily attributable 
a decrease in rental income.  Rental income decreased by approximately 
$1,022,000 because of equipment that came off lease and was re-leased at lower 
rental rates or sold.  This decrease, however, was offset by rental income of 
approximately $272,000 generated from equipment on operating leases purchased 
during 1995 as well as rental income earned from 1994 equipment purchases for 
which a full year of rental income was earned in 1995 and only a partial year 
was earned in 1994.  Additionally, the Fund recognized a net loss on the sale 
of equipment of $132,290 for the year ended December 31, 1995 as compared to a 
net gain on sale of equipment of $236,013 for the year ended December 31, 1994.
These decreases in revenue were offset by an increase in interest income in 
1995 due to an increase in cash available for investment throughout the year.
In 1994, the increase in total revenues was primarily attributable to the net 
gain on sale of equipment of $236,013 recognized by the Fund as compared to 
$164,356 recognized in 1993.  Additionally, interest income increased in 1994 
due to an increase in the cash available for investment throughout that year. 
These increases in total revenue in 1994 were offset by a decrease in rental 
income.  In 1994, rental income decreased by approximately $473,000 because of 
equipment which came off lease and was released at lower rental rates or sold.
This decrease, however, was offset by rental income of approximately $434,000 
generated from equipment on operating leases purchased during 1994 as well as 
rental income from 1993 equipment purchases for which a full year of rental 
income was earned in 1994 and only a partial year was earned in 1993.

     Expenses were $2,681,214, $3,329,068 and $3,169,884 for the years ended 
December 31, 1995, 1994, and 1993, respectively.  Depreciation and amortization
comprised 75%, 83% and 87% of total expenses during the years ended 
December 31, 1995, 1994 and 1993, respectively.  The decrease in expenses in 
1995 was primarily due to a decrease in depreciation expense because of 
equipment which came off lease, terminated or was sold.  Management fees 
decreased proportionately to the decrease in rental income in 1995.  In 
addition, write-down of equipment to net realizable value was $207,780 in 1995 
as compared to $257,662 in 1994 which also contributed to the decrease in total
expenses.  Currently, the Fund's practice is to review the recoverability of 
its undepreciated costs of rental equipment quarterly.  The Fund's policy, as 
part of this review, is to analyze such factors as releasing of equipment, 
technological developments and information provided in third party 
publications.  In accordance with Generally Accepted Accounting Principles, the
Fund writes down its rental equipment to its estimated net realizable value 
when the amounts are reasonably estimated and only recognizes gains upon actual
sale of its rental equipment. The General Partner believes, after analyzing the
current equipment portfolio, that there are impending gains to be recognized 
upon the sale of certain equipment in future years.  The decrease in total 
expenses was offset by an increase in administrative services incurred to the 
General Partner in 1995 which are included in general and administrative 
expenses to related party.  In 1994, the increase in expenses was largely due 
to an increase in write-down of equipment to net realizable value.
                             
                                   5



       Item 7.  Management's Discussion and Analysis of Financial
                 Condition and Results of Operations(continued)

Results of Operations (Continued)

In 1994, the Fund incurred a write-down of equipment to net realizable value of
$257,662 as compared to $133,678 in 1993.  Additionally, depreciation expense 
increased during the twelve months ended December 31, 1994 because of the 
additional equipment owned and leased by the Fund.

     The Fund's net income (loss) was $(137,721), $123,837 and $207,044 for the
years ended December 31, 1995, 1994 and 1993, respectively.  The earnings 
(loss) per equivalent limited partnership unit, after earnings (loss) allocated
to the General Partner, were $(9.05), $6.16 and $9.12 based on a weighted 
average number of equivalent limited partnership units outstanding of 15,067, 
17,997 and 21,200 for the years ended December 31, 1995, 1994 and 1993, 
respectively.

     The Fund generated funds from operations of $2,210,976, $2,923,299 and 
$2,926,988 for the purpose of determining cash available for distribution and 
distributed 45%, 45% and 47% to partners in 1995, 1994 and 1993, respectively 
and 0%, 4% and 4% of these amounts to partners in January 1996, 1995 and 1994, 
respectively.  For financial statement purposes, the Fund records cash 
distributions to partners on a cash basis in the period in which they are paid.
During the fourth quarter of 1995, the General Partner revised its policy 
regarding cash distributions so that the distributions more accurately 
reflect the net income of the Fund over the most recent twelve months.

Analysis of Financial Condition

     The Fund continues to purchase computer equipment for lease with cash 
available from operations which is not distributed to partners.  During the 
years ended December 31, 1995, 1994 and 1993, the Fund purchased $897,705, 
$1,733,792 and $1,186,076 respectively, of equipment.

     The cash position of the Fund is reviewed daily and cash is invested on a
short-term basis.

     The Fund's cash from operations is expected to continue to be adequate to
cover all operating expenses and contingencies during the next twelve month 
period.


Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

     The response to this Item is submitted as a separate section of this
report commencing on page F-1.


Item 9.  DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

     Not applicable.




                                     6

 


                              PART III

     Effective September 1, 1995, The Fidelity Mutual Life Insurance 
Company (in Rehabilitation) sold Fidelity Leasing Corporation (FLC), the 
General Partner of the Fund, to Resource Leasing, Inc., a wholly owned 
subsidiary of Resource America, Inc.  The Directors and Executive 
Officers of FLC are:

     FREDDIE M. KOTEK, age 39, Chairman of the Board of Directors, 
     President and Chief Executive Officer of FLC since September 1995
     and Senior Vice President of Resource America, Inc. since 1995.
     President of Resource Leasing, Inc. since September 1995.  
     Executive Vice President of Resource Properties, Inc.  (a wholly 
     owned subsidiary of Resource America, Inc.) since 1993.  First 
     Vice President of Royal Alliance Associates from 1991 to 1993.  
     Senior Vice President and Chief Financial Officer of Paine Webber 
     Properties from 1990 to 1991.

     MICHAEL L. STAINES, age 46, Director and Secretary of FLC since 
     September 1995 and Senior Vice President and Secretary of Resource 
     America, Inc. since 1989.

     SCOTT F. SCHAEFFER, age 33, Director of FLC since September 1995 and
     Senior Vice President of Resource America Inc. since 1995.  Vice 
     President-Real Estate of Resource America, Inc. and President of 
     Resource Properties, Inc. (a wholly owned subsidiary of Resource 
     America, Inc.) since 1992.  Vice President of the Dover Group, Ltd. 
     (a real estate investment company) from 1985 to 1992.

     MARK A. MAYPER, age 42, Senior Vice President of FLC overseeing 
     the lease syndication business since 1987.

     Others:

     STEPHEN P. CASO, age 40, Vice President and Counsel of FLC since 
     1992.

     MARIANNE T. SCHUSTER, age 37, Vice President and Controller of FLC 
     since 1984.

     KRISTIN L. CHRISTMAN, age 28, Portfolio Manager of FLC since 
     December 1995 and Equipment Brokerage Manager since 1993.
















                                         7


Item 11.  EXECUTIVE COMPENSATION

     The following table sets forth information relating to the aggregate 
compensation earned by the General Partner of the Fund during the year 
ended December 31, 1995:

          Name of Individual or      Capacities in
          Number in Group            Which Served          Compensation

           Fidelity Leasing
           Corporation               General Partner        $108,202(1)
                                                            ========  

     (1)   This amount does not include the General Partner's share of 
     cash distributions made to all partners.

Item 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     (a)  As of December 31, 1995, there was no person or group known to 
     the Fund that owned more than five percent of the Fund's outstanding 
     securities either beneficially or of record.

     (b)  In 1990, the General Partner contributed $1,000 to the capital 
     of the Fund but it does not own any of the Fund's outstanding 
     securities. No individual director or officer of Fidelity Leasing 
     Corporation nor such directors or officers as a group, owns more 
     than one percent of the Fund's outstanding securities.  The General 
     Partner owns a general partnership interest which entitles it to 
     receive 1% of cash distributions until the Limited Partners have    
     received an amount equal to the purchase price of their Units plus   
     an 11% cumulative compounded Priority Return; thereafter 10%.  The  
     General Partner will also share in net income equal to the greater  
     of its cash distributions or 1% of net income or to the extent there 
     are losses, 1% of such losses.

     (c)  There are no arrangements known to the Fund that would, at any 
     subsequent date, result in a change in control of the Fund.

Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     During the year ended December 31, 1995, the Fund was charged by the 
General Partner $93,347 of management fees.  The General Partner will 
continue to receive 4% or 2% of rental payments on equipment under 
operating leases and full pay-out leases, respectively, for 
administrative and management services performed on behalf of the Fund.  
Full pay-out leases are noncancelable leases for which rental payments 
during the initial term are at least sufficient to recover the purchase 
price of the equipment, including acquisition fees.  This management fee 
is paid monthly only if and when the Limited Partners have received 
distributions for the period from the initial closing through the end of 
the most recent calendar quarter equal to a return for such period at a 
rate of 11% per year on the aggregate amount paid for their units.






                             8



Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS (Continued)

     The General Partner may also receive up to 3% of the proceeds from 
the sale of the Fund's equipment for services and activities to be 
performed in connection with the disposition of equipment.  The payment 
of this sales fee is deferred until the Limited Partners have received 
cash distributions equal to the purchase price of their units plus an 11% 
cumulative compounded Priority Return.  During 1995, the Fund incurred a 
sales fee of $14,855 to the General Partner for services performed in 
connection with the disposition of equipment.

     The General Partner receives 1% of cash distributions until the 
Limited Partners have received an amount equal to the purchase price of 
their Units plus an 11% cumulative compounded Priority Return.  
Thereafter, the General Partner will receive 10% of cash distributions.  
During 1995, the General Partner received cash distributions of $11,057.

     The Fund incurred $176,086 of reimbursable costs to the General 
Partner for services and materials provided in connection with the 
administration of the Fund during 1995.





































                                        9


                                 PART IV

Item 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

     (a)  (1) and (2).  The response to this portion of Item 14 is 
submitted as a separate section of this report commencing on page F-1.

     (a)  (3) and (c) Exhibits (numbered in accordance with Item 601 of 
Regulation S-K)

Exhibit Numbers           Description                     Page Number

3(a) & (4)            Amended and Restated Agreement      *
                      of Limited Partnership

(9)                   not applicable

(10)                  not applicable

(11)                  not applicable

(12)                  not applicable

(13)                  not applicable

(18)                  not applicable

(19)                  not applicable

(22)                  not applicable

(23)                  not applicable

(24)                  not applicable

(25)                  not applicable

(28)                  not applicable


*  Incorporated by reference.
















                                 10



                              SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the 
Securities Exchange Act of 1934, the Registrant has duly caused this 
report to be signed on its behalf by the undersigned, thereunto duly 
authorized.

                   FIDELITY LEASING INCOME FUND VIII, L.P.
                   A Delaware limited partnership

                   By:  FIDELITY LEASING CORPORATION

                        Freddie M. Kotek
                   By:  ___________________________
                        Freddie M. Kotek, Chairman
                        and President

Dated March 26, 1996

     Pursuant to the requirements of the Securities Exchange Act of 
1934, this annual report has been signed below by the following 
persons, on behalf of the Registrant and in the capacities and on the 
date indicated:


Signature                 Title                            Date


Freddie M. Kotek
________________________  Chairman of the Board of Directors  3-26-96
Freddie M. Kotek          and President of Fidelity Leasing
                          Corporation (Principal Executive
                          Officer)



Michael L. Staines
________________________  Director of Fidelity Leasing        3-26-96
Michael L. Staines        Corporation



Marianne T. Schuster
________________________  Vice President and Controller       3-26-96
Marianne T. Schuster      of Fidelity Leasing Corporation
                          (Principal Financial Officer)













                                 11

             INDEX TO FINANCIAL STATEMENTS AND SCHEDULES

                                                              Pages

Report of Independent Certified Public Accountants            F-2

Balance Sheets as of December 31, 1995 and 1994               F-3

Statements of Operations for the years ended
     December 31, 1995, 1994 and 1993                         F-4

Statements of Partners' Capital for the years
     ended December 31, 1995, 1994 and 1993                   F-5

Statements of Cash Flows for the years ended
     December 31, 1995, 1994 and 1993                         F-6

Notes to Financial Statements                                 F-7 - F-11












All schedules have been omitted because the required information is
not applicable or is included in the Financial Statements or Notes thereto.


























                                    F-1

Report of Independent Certified Public Accountants


The Partners
Fidelity Leasing Income Fund VIII, L.P.


     We have audited the accompanying balance sheets of Fidelity Leasing
Income Fund VIII, L.P. as of December 31, 1995 and 1994, and the related
statements of operations, changes in partners' capital and cash flows for
each of the three years in the period ended December 31, 1995.  These
financial statements are the responsibility of the Fund's management.
Our responsibility is to express an opinion on these financial statements
based on our audits.

     We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free
of material misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation.  We believe that our audits provide a
reasonable basis for our opinion.

     In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Fidelity Leasing
Income Fund VIII, L.P. as of December 31, 1995 and 1994, and the results of
its operations and its cash flows for each of the three years in the period
ended December 31, 1995 in conformity with generally accepted accounting
principles.





Grant Thornton, LLP
Philadelphia, Pennsylvania
February 2, 1996





















                                    F-2

                           FIDELITY LEASING INCOME FUND VIII, L.P.

                                          BALANCE SHEETS

<TABLE>
                                              ASSETS
                                              <CAPTION>

                                                         December 31,        

                                                    1995             1994    
<S>                                              <C>              <C>        
Cash and cash equivalents                        $2,861,597       $2,005,306 

Accounts receivable                                 313,745          620,295 

Interest receivable                                   4,259            8,568 

Due from related parties                             20,706            4,504 

Equipment under operating leases
(net of accumulated depreciation of
$6,629,864 and $6,493,302)                        2,297,232        3,986,155 

Equipment held for sale or lease                     97,853          337,611

Organization costs
(net of accumulated amortization of 
$8,667 and $6,167)                                    1,333            3,833
                                                 __________       __________

     Total assets                                $5,596,725       $6,966,272
                                                 ==========       ==========

                             LIABILITIES AND PARTNERS' CAPITAL


Liabilities:


Lease rents paid in advance                      $   29,566         $  50,867

Accounts payable and accrued expenses                50,909            42,740

Due to related parties                               87,475            51,023
                                                 __________         _________

      Total liabilities                             167,950           144,630


Partners' capital                                 5,428,775         6,821,642
                                                 __________        __________
        Total liabilities and
         partners' capital                       $5,596,725        $6,966,272
                                                 ==========        ==========
</TABLE>


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


                                    F-3
                             FIDELITY LEASING INCOME FUND VIII, L.P.
<TABLE>
                                   STATEMENTS OF OPERATIONS
                                   <CAPTION>
                                                  For the years ended December 31

                                              1995             1994            1993   
Income:
<S>                                        <C>              <C>             <C>       
Rentals                                    $2,358,813       $3,108,535      $3,147,853
Interest                                      180,388          106,701          60,558
Gain on sale of equipment, net                   -             236,013         164,356
Other                                           4,292            1,656           4,161
                                           __________       __________      __________

                                            2,543,493        3,452,905       3,376,928
                                           __________       __________      __________
Expenses:
Depreciation and amortization               2,008,627        2,777,813       2,750,622
Write-down of equipment to net
 realizable value                             207,780          257,662         133,678
General and administrative                     63,084           54,904          62,422
General and administrative to
 related party                                176,086          101,165          97,738
Management fee to related party                93,347          137,524         125,424
Loss on sale of equipment, net                132,290             -               -   
                                           __________       __________      __________

                                            2,681,214        3,329,068       3,169,884
                                           __________       __________      __________

Net income (loss)                          $ (137,721)      $  123,837      $  207,044
                                           ==========       ==========      ==========

Net income (loss) per equivalent
 limited partnership unit                  $    (9.05)      $     6.16      $     9.12
                                           ==========       ==========      ==========

Weighted average number of
 equivalent limited partnership
 units outstanding during the year             15,067           17,997          21,200
                                           ==========       ==========      ==========
</TABLE>












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



                                   F-4


                     FIDELITY LEASING INCOME FUND VIII, L.P.
<TABLE>
                            STATEMENTS OF PARTNERS' CAPITAL
                            <CAPTION>
                 For the years ended December 31, 1995, 1994 and 1993


                                      General      Limited Partners                     
                                      Partner     Units       Amount            Total   
                                      _______     __________________            _____   
<S>                                   <C>        <C>       <C>               <C>        
Balance, January 1, 1993              $ 2,183    25,556    $9,979,382        $9,981,565 

Redemptions                              -       (1,150)     (423,879)	         (423,879)

Cash distributions                    (13,777)     -       (1,363,960)       (1,377,737)

Net income                             13,724      -          193,320           207,044 
                                      _______    ______    __________        __________ 
Balance, December 31, 1993              2,130    24,406     8,384,863         8,386,993 

Redemptions                              -       (1,183)     (381,447)	         (381,447)

Cash distributions                    (13,077)     -       (1,294,664)	       (1,307,741)

Net income                             13,022      -          110,815           123,837 
                                      _______    ______    __________        __________ 

Balance, December 31, 1994              2,075    23,223     6,819,567         6,821,642 

Redemptions                              -         (411)     (149,455)         (149,455)

Cash distributions                    (11,057)     -       (1,094,634)       (1,105,691)

Net income (loss)                      (1,377)     -         (136,344)         (137,721)
                                      _______    ______    __________        __________ 
 
Balance, December 31, 1995           $(10,359)   22,812    $5,439,134        $5,428,775 
                                      =======    ======    ==========        ========== 
</TABLE>












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







                                      F-5

                        FIDELITY LEASING INCOME FUND VIII, L.P.
<TABLE>
                                 STATEMENTS OF CASH FLOWS
                                 <CAPTION>
                                                  For the years ended December 31,

                                                  1995          1994         1993
   Cash flows from operating activities:
<S>                                            <C>           <C>          <C>        
      Net income (loss)                        $ (137,721)   $  123,837   $  207,044 
                                               __________    __________   __________ 
      Adjustments to reconcile net income (loss) 
      to net cash provided by operating activities:
      Depreciation and amortization             2,008,627     2,777,813    2,750,622 
      Write-down of equipment to 
       net realizable value                       207,780       257,662      133,678 
      (Gain) loss on sale of equipment, net       132,290      (236,013)    (164,356)
      (Increase) decrease in accounts receivable  306,550      (612,248)      42,835 
      (Increase) decrease in due from 
       related parties                            (16,202)       95,437      (99,941)
      Increase (decrease) in lease 
       rents paid in advance                      (21,301)      (20,788)     (33,258)
      Increase (decrease) in accounts
       payable and accrued expenses                 8,169       (99,096)     112,445 
      Increase (decrease) in other, net            40,761        28,266       30,727 
                                               __________    __________   __________ 

                                                2,666,674     2,191,033    2,772,752 
                                               __________    __________   __________ 
      Net cash provided by operating 
       activities                               2,528,953     2,314,870    2,979,796 
                                               __________    __________   __________ 
   Cash flows from investing activities:
      Purchase of investment securities
       held to maturity                              -         (491,749)        -    
      Maturity of investment securities 
       held to maturity                              -          739,698      235,426 
      Acquisition of equipment                   (897,705)   (1,733,792)  (1,186,076)
      Proceeds from sale of equipment             480,189       894,774      618,895 
                                               __________    __________   __________ 

      Net cash used in investing activities      (417,516)     (591,069)    (331,755)
                                               __________    __________   __________ 
   Cash flows from financing activities:
      Distributions                            (1,105,691)   (1,307,741)  (1,377,737)
      Redemptions of capital                     (149,455)     (381,447)    (423,879)
                                               __________    __________   __________ 
      Net cash used in financing
       activities                              (1,255,146)   (1,689,188)  (1,801,616)
                                               __________    __________   __________ 

      Increase in cash and cash equivalents       856,291        34,613      846,425 

      Cash and cash equivalents,
       beginning of year                        2,005,306     1,970,693    1,124,268 
                                               __________    __________   __________ 

      Cash and cash equivalents, end of year   $2,861,597    $2,005,306   $1,970,693 
                                               ==========    ==========   ========== 
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                          F-6


                 FIDELITY LEASING INCOME FUND VIII, L.P.

                     NOTES TO FINANCIAL STATEMENTS

1.  ORGANIZATION

Fidelity Leasing Income Fund VIII, L.P. (the "Fund") was formed on 
November 21, 1990 with Fidelity Leasing Corporation ("FLC") as the 
General Partner.  FLC is a wholly owned subsidiary of Resources
Leasing, Inc. a wholly owned subsidary of Resource America Inc.  The
Fund is managed by the General Partner.  The Fund's limited 
partnership interests are not publicly traded.  There is no market for 
the Fund's limited partnership interests and it is unlikely that any 
will develop.  The Fund acquires computer equipment, including 
printers, tape and disk storage devices, data communications 
equipment, computer terminals, data processing and office equipment, 
which is leased to third parties throughout the United States on a 
short-term basis.

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Investment Securities Held to Maturity

The Fund adopted Statement of Financial Accounting Standards (SFAS) 
No. 115, "Accounting for Certain Investments in Debt and Equity 
Securities" on January 1, 1994.  This new standard requires 
investments in securities to be classified in one of three categories:  
held to maturity, trading and available for sale.  Debt securities 
that the Fund has the positive intent and ability to hold to maturity 
are classified as held to maturity and are reported at amortized cost.  
As the Fund does not engage in security trading, the balance, if any, 
of its debt securities and equity securities are classified as 
available for sale.  Net unrealized gains and losses for securities 
available for sale are required to be recognized as a separate 
component of partners' capital and excluded from the determination of 
net income.  The adoption of this new standard had no financial 
statement impact on the Fund.  Prior to the adoption of SFAS No. 115, 
investment securities were carried at cost which approximates market.

Concentration of Credit Risk

Financial instruments which potentially subject the Fund to 
concentrations of credit risk consist principally of temporary cash 
investments.  The Fund places its temporary investments in securities 
backed by the United States Government, commercial paper with high 
credit quality institutions, bank money market funds and time deposits 
and certificates of deposit.

Concentrations of credit risk with respect to accounts receivables are 
limited due to the dispersion of the Fund's leesees over different 
industries and geographies.

Equipment Held for Sale or Lease

Equipment held for sale or lease is carried at its estimated net 
realizable value.


                           F-7

                 FIDELITY LEASING INCOME FUND VIII, L.P.

                     NOTES TO FINANCIAL STATEMENTS


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Use of Estimates

In preparing financial statements in conformity with generally 
accepted accounting principles, management is required to make 
estimates and assumptions that affect the reported amounts of assets 
and liabilities and the disclosure of contingent assets and 
liabilities at the date of the financial statements and revenues and 
expenses during the reporting period.  Actual results could differ 
from those estimates.

Organization Costs

Organization costs are being amortized over a five year period.

Accounting for Leases

The Fund's leasing operations consist primarily of operating leases 
whereby the cost of the leased equipment is recorded as an asset and 
depreciated on a straight-line basis over its estimated useful life, 
up to six years.  Acquisition fees associated with lease placements 
are allocated to equipment when purchased and depreciated as part of 
equipment cost.  Rental income consists primarily of monthly periodic 
rentals due under the terms of the leases.  Generally, during the 
remaining terms of existing operating leases, the Fund will not 
recover all of the undepreciated cost and related expenses of its 
rental equipment and is prepared to remarket the equipment in future 
years.  Upon sale or other disposition of assets, the cost and related 
accumulated depreciation are removed from the accounts and the 
resulting gain or loss, if any, is reflected in income.

Income Taxes

Federal and State income tax regulations provide that taxes on the 
income or benefits from losses of the Fund are reportable by the 
partners in their individual income tax returns.  Accordingly, no 
provision for such taxes has been made in the accompanying financial 
statements.

Statement of Cash Flows

For purposes of the statement of cash flows, the Fund considers all 
highly liquid debt instruments purchased with a maturity of three 
months or less to be cash equivalents.

Net Income per Equivalent Limited Partnership Unit

Net income per equivalent limited partnership unit is computed by 
dividing net income allocated to limited partners by the weighted 
average number of equivalent limited partnership units outstanding 
during the year.  The weighted average number of equivalent units 
outstanding during the year is computed based on the weighted average 
monthly limited partners' capital account balances, converted into 
equivalent units at $500 per unit.
                                        F-8
                      FIDELITY LEASING INCOME FUND VIII, L.P.
 
                    NOTES TO FINANCIAL STATEMENTS (Continued)


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Significant Fourth Quarter Adjustments

Currently, the Fund's practice is to review the recoverability of its 
undepreciated costs of rental equipment quarterly.  The Fund's 
policy, as part of this review, is to analyze such factors as 
releasing of equipment, technological developments and information 
provided in third party publications.  Based upon this review, the 
Fund recorded an adjustment of approximately $82,000, $208,000 and 
$134,000 or $5.44, $11.56 and $6.32 per equivalent limited partnership 
unit to write down its rental equipment in the fourth quarter of 1995, 
1994 and 1993, respectively.

Reclassification

Certain amounts on the 1994 and 1993 financial statements have been 
reclassified to conform to the presentation adopted in 1995.


3.  ALLOCATION OF PARTNERSHIP INCOME, LOSS AND CASH DISTRIBUTIONS

Cash distributions, if any, are made monthly as follows:  99% to the 
Limited Partners and 1% to the General Partner, until the Limited 
Partners have received an amount equal to the purchase price of their 
Units, plus an 11% compounded Priority Return (an amount equal to 11% 
compounded annually on the portion of the purchase price not 
previously distributed); thereafter, 90% to the Limited Partners and 
10% to the General Partner.

Net Losses are allocated 99% to the Limited Partners and 1% to the 
General Partner.  The General Partner is allocated Net Income equal to 
its cash distributions, but not less than 1% of Net Income, with the 
balance allocated to the Limited Partners.

Net Income (Losses) allocated to the Limited Partners are allocated to 
individual limited partners based on the ratio of the daily weighted 
average partner's net capital account balance (after deducting related 
commission expense) to the total daily weighted average of the Limited 
Partners' net capital account balances.

4.  EQUIPMENT LEASED

Equipment on lease consists primarily of computer peripheral equipment 
under operating leases.  The majority of the equipment was 
manufactured by IBM.  The lessees have agreements with the 
manufacturer to provide maintenance for the leased equipment.  The 
Fund's operating leases are for initial lease terms of 12 to 48 
months.





                                      F-9


                      FIDELITY LEASING INCOME FUND VIII, L.P.

                     NOTES TO FINANCIAL STATEMENTS (Continued)

4.  EQUIPMENT LEASED (Continued)

In accordance with Generally Accepted Accounting Principles, the Fund 
writes down its rental equipment to its estimated net realizable value 
when the amounts are reasonably estimated and only recognizes gains 
upon actual sale of its rental equipment.  As a result, in 1995, 1994 
and 1993, approximately $208,000, $258,000 and $134,000, respectively, 
was charged to write-down of equipment to net realizable value.

However the General Partner believes, after analyzing the current 
equipment portfolio, that there are impending gains to be recognized 
upon the sale of certain of its equipment in future years.

The future approximate minimum rentals to be received on 
noncancellable operating leases as of December 31 are as follows:

                     1996                     $1,164,000
                     1997                        576,000
                     1998                        310,000
                     1999                         31,000
                                              __________
                                              $2,081,000
                                              ==========

In addition, in January 1996, the Fund purchased $1,129,000 of
equipment subject to operating leases with initial lease terms of 36
months commencing in 1996.  The future approximate minimum rentals to
be received on these noncancellable operating leases are $294,000 in
1996, 1997 and 1998, respectively.

5.  RELATED PARTY TRANSACTIONS

The General Partner also receives 4% or 2% of rental payments on 
equipment under operating leases and full pay-out leases, 
respectively, for administrative and management services performed on 
behalf of the Fund.  Full pay-out leases are non-cancellable leases 
for which the rental payments due during the initial term of the lease 
are at least sufficient to recover the purchase price of the 
equipment, including acquisition fees.  This management fee is paid 
monthly only if and when the Limited Partners have received 
distributions for the period from the initial closing through the end 
of the most recent calendar quarter equal to a return for such period 
at a rate of 11% per year on the aggregate amount paid for their 
units.

The General Partner may also receive up to 3% of the proceeds from the 
sale of the Fund's equipment for services and activities to be 
performed in connection with the disposition of equipment.  The 
payment of this sales fee is deferred until the Limited Partners have 
received cash distributions equal to the purchase price of their units 
plus an 11% cumulative compounded Priority Return.




                                     F-10
                    FIDELITY LEASING INCOME FUND VIII, L.P.

                   NOTES TO FINANCIAL STATEMENTS (Continued)


5.  RELATED PARTY TRANSACTIONS (Continued)

Additionally, the General Partner and its affiliates are reimbursed by 
the Fund for certain costs of services and materials used by or for 
the Fund except those items covered by the above-mentioned fees.  
Following is a summary of fees and costs of services and materials 
charged by the General Partner or its affiliates during the years 
ended December 31:

                                    1995        1994          1993  
     Management fee               $ 93,347    $137,524      $125,424
     Reimbursable costs            176,086     101,165        97,738
     Sales fee                      14,855      17,096        19,141

Amounts due from related parties at December 31, 1995 and 1994 
represent monies due to the Fund from the General Partner and/or other 
affiliated funds for rentals and sales proceeds collected and not yet 
remitted the Fund.

Amounts due to related parties at December 31, 1995 and 1994 represent 
monies due to the General Partner for the fees and costs mentioned 
above, as well as, rentals and sales proceeds collected by the Fund on 
behalf of other affiliated funds.


6.  MAJOR CUSTOMERS

For the year ended December 31, 1995, three customers accounted for 
27%, 13% and 13% of the Fund's rental income.  For the year ended 
December 31, 1994, three customers accounted for 26%, 20% and 12% of 
the Fund's rental income.  For the year ended December 31, 1993, three 
customers accounted for 26%, 17% and 12% of the Fund's rental income.

7.  CASH DISTRIBUTIONS

Below is a summary of the cash distributions paid to partners during 
the years ended December 31:
<TABLE>
For the Quarter Ended           1995           1994          1993   
<CAPTION>
<S>                          <C>            <C>           <C>       
          March              $  322,139     $  338,292    $  353,973
          June                  316,542        323,517	       343,074
          September             315,321        323,160	       341,697
          December              151,689        322,772	       338,993
                             __________     __________    __________

                             $1,105,691     $1,307,741    $1,377,737
                             ==========     ==========    ==========
</TABLE>





                                 F-11