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  FISCAL  YEAR  ENDED  DECEMBER  31,  2002.

[  ]    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 0-21806
                             _______________________



                          PLM EQUIPMENT GROWTH FUND VI
             (Exact name of registrant as specified in its charter)


                      CALIFORNIA                         94-3135515
            (State or other jurisdiction of          (I.R.S. Employer
            incorporation or organization)           Identification No.)

              5 3RD STREET SOUTH, SUITE 200
                   ST. PETERSBURG, FL                     33701
        (Address of principal executive offices)        (Zip code)



        Registrant's telephone number, including area code (727) 803-1800
                             _______________________



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
                                             ----

Aggregate  market  value  of  voting  stock:  N/A
                                              ---

An  index  of  exhibits  filed  with  this  Form  10-K  is  located  at page 28.

Total  number  of  pages  in  this  report:  100.

<PAGE>

                                     PART I
ITEM  1.     BUSINESS
             --------

(A)     Background

In  April  1991,  PLM  Financial  Services, Inc. (FSI or the General Partner), a
wholly  owned subsidiary of PLM International, Inc. (PLM International or PLMI),
filed  a  Registration  Statement  on  Form S-1 with the Securities and Exchange
Commission  with respect to a proposed offering of 8,750,000 limited partnership
units  (the  units)  in  PLM  Equipment  Growth  Fund  VI,  a California limited
partnership  (the  Partnership,  the  Registrant, or EGF VI).  The Partnership's
offering became effective on December 23, 1991.  FSI, as General Partner, owns a
5%  interest  in  the  Partnership.  The  Partnership engages in the business of
investing  in  a  diversified  equipment portfolio consisting primarily of used,
long-lived,  low-obsolescence  capital equipment that is easily transportable by
and  among  prospective  users.

The  Partnership's  primary  objectives  are:

     (1)     to  invest in a diversified portfolio of low-obsolescence equipment
with  long  lives  and  high residual values, at prices that the General Partner
believes  to  be  below  inherent values, and to place the equipment on lease or
under  other contractual arrangements with creditworthy lessees and operators of
equipment;

     (2)     to  generate  sufficient  net  operating  cash  flow  from  lease
operations  to meet liquidity requirements and to generate cash distributions to
the  partners  until  such  time  as  the  General Partner commences the orderly
liquidation  of  the Partnership assets, or unless the Partnership is terminated
earlier  upon  sale  of  all  Partnership  property  or by certain other events;

     (3)     to  create  a  significant  degree  of  safety  relative  to  other
equipment  leasing  investments  through the purchase of a diversified equipment
portfolio.  This  diversification reduces the exposure to market fluctuations in
any  one  sector.  The purchase of used, long-lived, low-obsolescence equipment,
typically at prices that are substantially below the cost of new equipment, also
reduces  the  impact of economic depreciation and can create the opportunity for
appreciation  in  certain  market  situations, where supply and demand return to
balance  from  oversupply  conditions;  and

     (4)     to increase the Partnership's revenue base by reinvesting a portion
of  its  operating cash flow in additional equipment during the investment phase
of  the  Partnership's  operation  in  order  to grow the size of its portfolio.
Since  net  income  and  distributions  are  affected  by  a variety of factors,
including  purchase  prices,  lease rates, and costs and expenses, growth in the
size  of the Partnership's portfolio does not necessarily mean that in all cases
the  Partnership's aggregate net income and distributions will increase upon the
reinvestment  of  operating  cash  flow.

The offering of units of the Partnership closed on May 24, 1993.  As of December
31,  2002,  there  were  7,730,965  units  outstanding.  The  General  Partner
contributed  $100  for  its  5%  general  partner  interest  in the Partnership.

The  Partnership  is  currently  in  its  investment  phase  during  which  the
Partnership  uses  cash  generated  from  operations  and  proceeds  from  asset
dispositions  to  purchase  additional  equipment.  The General Partner believes
these acquisitions may cause the Partnership to generate additional earnings and
cash  flow  for  the  Partnership.  The  Partnership may reinvest its cash flow,
surplus  cash  and  equipment  disposition  proceeds  in  additional  equipment,
consistent with the objectives of the Partnership, until December 31, 2004.  The
Partnership  will terminate on December 31, 2011, unless terminated earlier upon
the  sale  of  all  of  the  equipment  or  by  certain  other  events.

<PAGE>
Table  1,  below,  lists the equipment and the original cost of equipment in the
Partnership's  portfolio  and  the Partnership's proportional share of equipment
owned  by  unconsolidated  special-purpose  entities as of December 31, 2002 (in
thousands  of  dollars):

                                     TABLE 1
                                     -------
<TABLE>
<CAPTION>

<S>         <C>                                     <C>                   <C>
Units. . .  Type                                      Manufacturer . .   . .  Cost
------------------------------------------------------------------------------

Owned equipment held for operating leases:

7,065. . .  Marine containers                         Various            $  18,276
2,802. . .  Refrigerated marine containers            Various                5,947
357. . . .  Pressurized tank railcars                 Various               10,582
179. . . .  Nonpressurized tank railcars              Various                3,464
137. .   .  Covered hopper railcars                   Various                2,981
1. . . . .  DC-9-82 Stage III commercial aircraft     McDonnell Douglas     13,951
1. . . . .  Portfolio of aircraft rotables            Various                2,273
339. . . .  Intermodal trailers                       Stoughton              5,212
                                                                         ----------
      Total owned equipment held for operating leases                    $  62,686 1
                                                                         ==========

Equipment owned by unconsolidated special-purpose entities:

0.62 . . .  737-300 Stage III commercial aircraft     Boeing             $  14,802 2
0.40 . . .  Equipment on direct finance lease:
              Two DC-9 Stage III commercial aircraft  McDonnell Douglas      4,807 3
0.53 . . . .Product tanker                            Boelwerf-Temse        10,476 2
                                                                         ----------
      Total investments in unconsolidated special-purpose entities       $  30,085 1
                                                                         ==========
</TABLE>


Equipment  is  generally  leased under operating leases for a term of one to six
years  except  for  the  marine vessel which is usually leased for less than one
year.  Some  of  the  Partnership's marine containers are leased to operators of
utilization-type  leasing  pools,  which include equipment owned by unaffiliated
parties.  In  such  instances, revenues received by the Partnership consist of a
specified  percentage  of  revenues generated by leasing the pooled equipment to
sublessees,  after  deducting  certain  direct  operating expenses of the pooled
equipment.  The  remaining  Partnership  marine  container leases are based on a
fixed  rate.  Lease  revenues  for  intermodal  trailers are based on a per-diem
lease  in  the free running interchange with the railroads.  Rents for all other
equipment  are  based  on  fixed  rates.
















1     Includes  equipment  and  investments  purchased  with  the  proceeds from
capital  contributions, undistributed cash flow from operations, and Partnership
borrowings invested in equipment.  Includes costs capitalized, subsequent to the
date  of  purchase,  and  equipment  acquisition fees paid to PLM Transportation
Equipment  Corporation (TEC), a wholly owned subsidiary of FSI, or PLM Worldwide
Management  Services  (WMS),  a  wholly  owned  subsidiary of PLM International.
2     Jointly  owned:  EGF  VI  and  an  affiliated  program.
3     Jointly  owned:  EGF  VI  and  two  affiliated  programs.

<PAGE>

(B)     Management  of  Partnership  Equipment

The  Partnership  has  entered  into  an equipment management agreement with PLM
Investment  Management,  Inc.  (IMI),  a wholly owned subsidiary of FSI, for the
management  of  the  Partnership's  equipment.  The  Partnership's  management
agreement  with  IMI is to co-terminate with the dissolution of the Partnership,
unless  the limited partners vote to terminate the agreement prior to that date,
or  at  the  discretion  of  the General Partner.  IMI has agreed to perform all
services  necessary  to manage the equipment on behalf of the Partnership and to
perform  or  contract for the performance of all obligations of the lessor under
the Partnership's leases.  In consideration for its services and pursuant to the
partnership  agreement, IMI is entitled to a monthly management fee (see Notes 1
and  2  to  the  financial  statements).

(C)     Competition

(1)     Operating  Leases  versus  Full  Payout  Leases

Generally the equipment owned or invested in by the Partnership is leased out on
an  operating  lease  basis  wherein  the  rents  received  during  the  initial
noncancelable  term  of  the lease are insufficient to recover the Partnership's
purchase  price  of  the  equipment.  The short- to mid-term nature of operating
leases  generally  commands  a  higher  rental rate than longer-term full payout
leases  and  offers  lessees relative flexibility in their equipment commitment.
In  addition,  the  rental  obligation  under  an  operating  lease  need not be
capitalized  on  the  lessee's  balance  sheet.

The  Partnership  encounters  considerable competition from lessors that utilize
full  payout  leases on new equipment, i.e., leases that have terms equal to the
expected  economic  life  of  the  equipment.  While  some  lessees  prefer  the
flexibility  offered by a shorter-term operating lease, other lessees prefer the
rate  advantages  possible with a full payout lease.  Competitors may write full
payout  leases  at  considerably  lower  rates  and  for  longer  terms than the
Partnership offers, or larger competitors with a lower cost of capital may offer
operating  leases at lower rates, which may put the Partnership at a competitive
disadvantage.

(2)     Manufacturers  and  Equipment  Lessors

The Partnership competes with equipment manufacturers who offer operating leases
and  full  payout leases.  Manufacturers may provide ancillary services that the
Partnership  cannot  offer,  such  as specialized maintenance service (including
possible  substitution  of equipment), training, warranty services, and trade-in
privileges.

The  Partnership  also  competes  with  many  equipment  lessors,  including ACF
Industries,  Inc.  (Shippers  Car  Line  Division), GATX Corp., General Electric
Railcar  Services  Corporation,  General  Electric  Capital  Aviation  Services
Corporation,  Xtra  Corporation, and other programs that lease the same types of
equipment.

(D)     Demand

The  Partnership  currently  operates  in  the  five  operating segments: marine
container leasing, railcar leasing, aircraft leasing, marine vessel leasing, and
intermodal  trailer  leasing.  Each  equipment  leasing  segment  engages  in
short-term to mid-term operating leases to a variety of customers except for the
Partnership's investment in a trust owning two commercial aircraft that are on a
direct finance lease.  The Partnership's equipment and investments are primarily
used  to  transport  materials  and  commodities,  except for aircraft leased to
passenger  air  carriers.

The  following section describes the international and national markets in which
the  Partnership's  capital  equipment  operates:

<PAGE>
(1)     Marine  Containers

Marine  containers  are  used  to  transport  a variety of types of cargo.  They
typically  travel  on  marine vessels but may also travel on railroads loaded on
certain  types  of  railcars  and  highways  loaded  on  a  trailer.

The  Partnership  acquired  new  standard dry cargo containers from 1998 to 2000
that  were  placed  on mid-term leases and into revenue-sharing agreements.  The
marine containers that were placed into revenue-sharing agreements experienced a
decrease  in lease rates of approximately 15% during 2002. The decrease in lease
rates  on  these  marine  containers  was  partially  offset  by  an increase in
utilization.  At  the  beginning of the year, utilization averaged approximately
70%  but  increased to 85% by year-end.   Average lease rates and utilization in
2003  are  expected  to  marginally  improve  compared  to  2002.

The  Partnership's  marine  containers  that  were originally placed on mid-term
leases  in  1998  and 1999 that came off lease in 2001 and 2002 were placed into
revenue-sharing  agreements. As the market for marine containers is considerably
softer  than  the period during which they were placed on mid-term leases, lease
revenue  on  these  containers  decreased  up  to 40% when the original mid-term
leases  expired.

The  Partnership also has a total of 231 dry, refrigerated and other specialized
containers  that  are in excess of 13 years of age, that are generally no longer
suitable  for use in international commerce, either due to its specific physical
condition,  or  the  lessees'  preferences  for  newer equipment.  As individual
containers are returned from their specific lessees, they are being marketed for
sale  on  an  "as  is,  where  is"  basis.  The  market for such sales is highly
dependent upon the specific location and type of container.  The Partnership has
continued  to  experience  reduced  residual  values on the sale of refrigerated
containers  primarily  due  to  technological  obsolescence associated with this
equipment's  refrigeration  machinery.

(2)     Railcars

(a)     Pressurized  Tank  Cars

Pressurized  tank  railcars  are used to transport liquefied petroleum gas (LPG)
and  anhydrous ammonia (fertilizer).  The North American markets for LPG include
industrial  applications,  residential  use,  electrical  generation, commercial
applications,  and transportation.  LPG consumption is expected to grow over the
next few years as most new electricity generation capacity is expected to be gas
fired.  Within  any  given  year,  consumption is particularly influenced by the
severity  of  winter  temperatures.

Within  the  fertilizer  industry,  demand  is  a  function  of several factors,
including the level of grain prices, status of government farm subsidy programs,
amount  of  farming  acreage and mix of crops planted, weather patterns, farming
practices,  and  the  value of the United States (US) dollar.  Population growth
and  dietary  trends  also  play  an  indirect  role.

On  an  industry-wide  basis,  North American carloadings of the commodity group
that  includes  petroleum  and  chemicals  decreased  over 2% in 2002 after a 5%
decline  in  2001.  Even with this further decrease in industry-wide demand, the
utilization  of  pressurized tank railcars across the Partnership was in the 85%
range  during  the year.  The desirability of the railcars in the Partnership is
affected by the advancing age of this fleet and related corrosion issues on foam
insulated  railcars.

(b)     General-Purpose  (Nonpressurized)  Tank  Cars

General  purpose tank railcars are used to transport bulk liquid commodities and
chemicals  not  requiring  pressurization,  such  as certain petroleum products,
liquefied  asphalt,  lubricating  oils,  molten sulfur, vegetable oils, and corn
syrup.  The  overall  health  of  the  market  for these types of commodities is
closely  tied  to both the US and global economies, as reflected in movements in
the Gross Domestic Product, personal consumption expenditures, retail sales, and
currency  exchange rates. The manufacturing, automobile, and housing sectors are
the  largest  consumers  of chemicals. Within North America, 2002 carloadings of
the  commodity  group  that  includes  chemicals and petroleum products reversed
previous  declines  and  rose 4% after a fall of 5% during 2001.  Utilization of
the  Partnership's  nonpressurized  tank railcars has been increasing reflecting
this  market  condition  and  presently  stands  at  about  75%.

<PAGE>
(c)     Covered  Hopper  (Grain)  Cars

Demand  for  covered hopper railcars, which are specifically designed to service
the  grain  industry,  continued to experience weakness during 2002; carloadings
were down 3% when compared to 2001 volumes.  There has been a consistent pattern
of  decline  IN  THE  NUMBER  OF  CARLOADINGS  over  the  last  several  years.

The US agribusiness industry serves a domestic market that is relatively mature,
the  future  growth  of  which  is  expected  to be consistent but modest.  Most
domestic  grain  rail  traffic  moves  to food processors, poultry breeders, and
feedlots.  The  more  volatile export business, which accounts for approximately
30%  of total grain shipments, serves emerging and developing nations.  In these
countries, demand for protein-rich foods is growing more rapidly than in the US,
due  to  higher  population  growth,  a rapid industrialization pace, and rising
disposable  income.

Other factors contributing to the softness in demand for covered hopper railcars
are  the  large  number  of  new  railcars  built in the late 1990s and the more
efficient  utilization  of covered hoppers by the railroads.  As in prior years,
any  covered hopper railcars that were leased were done so at considerably lower
rental  rates.

Many  of  the  Partnership's cars are smaller and thus less desirable than those
currently  being  built.  Because  of  this factor, the lack of any prospect for
improvement  in  car  demand,  and  the large number of idle cars throughout the
industry,  the  Partnership  has  sold  a  number  of  these cars.  As a result,
utilization  rose  to  70%  at  the  end  of  2002.

(3)     Aircraft

(a)     Commercial  Aircraft

The  Partnership owns 100% of one MD-82 aircraft, which is on long-term lease to
a  major  US  carrier  at  above  market  rates,  and  62% of one Boeing 737-300
aircraft, which was placed on lease in late 2001.  The Partnership also owns 40%
of  two  DC-9  aircraft.  This  lease  has  been  renegotiated and the resulting
incoming  cash  flow  was  severely  reduced.

Since  the  terrorist  events  of  September  11,  2001, the commercial aviation
industry  has  experienced  significant  losses  that  escalated with a weakened
economy.  This  in  turn  has led to the bankruptcy filing of two of the largest
airlines  in  the United States, and to an excess supply of commercial aircraft.
The current state of the aircraft industry, with significant excess capacity for
both  new  and  used aircraft continues to be extremely weak, and is expected by
the  General  Partner  to  remain  weak.

The  decrease  in  value  of the Partnership's aircraft since September 11, 2001
will  have  a  negative  impact on the ability of the Partnership to achieve its
original  objectives  as  lower  values  will also result in significantly lower
lease  rates  than  the Partnership has been able to achieve for these assets in
the  past.

(b)     Rotables

The  Partnership  owns  a  package of aircraft components, or rotables, that are
used for MD-83 aircraft.  Aircraft rotables are replacement spare parts that are
held  in inventory by an airline.  The types of rotables owned and leased by the
Partnership  include  avionics,  replacement  doors,  control  surfaces,  pumps,
valves,  and  other  comparable equipment.  The market for the MD-83 spare parts
continued  to  dwindle during 2002 due to decreased demand for the aircraft type
and  the  increased  scrapping  and part-out of the aircraft type.  The rotables
package  is  due  to  come  off-lease  during  the  1st  quarter  of 2003 and no
replacement lessee has yet been identified.  The General Partner expects to sell
the  rotables  in  2003.

(4)     Marine  Vessel  -  Product  Tanker

The  Partnership has an investment in a double-hull product tanker that operates
in  international  markets  carrying a variety of commodity-type cargos.  Demand
for  commodity-based  shipping  is  closely  tied  to  worldwide economic growth
patterns,  which can affect demand by causing changes in volume on trade routes.
The  General  Partner  operates  the  Partnership's  product  tanker in the spot
chartering  markets, carrying mostly fuel oil and similar petroleum distillates,
an  approach  that  provides  the  flexibility  to  adapt  to  changes in market
conditions.

The  market for product tankers was weak throughout most of 2002 with lower than
anticipated  rates.  The  Partnership's  product  tanker,  built  in  1985,  has
continued  to  operate  with  very  little  idle  time between charters.  Rates,
however,  have continued to be softer throughout the year when compared to rates
experienced in 2001.  In the fourth quarter of 2002 and into 2003, freight rates
for  the  Partnership's  marine vessel started to increase due to an increase in
oil  prices  caused  by  political  instability  in  the  Middle  East.

(5)     Intermodal  Trailers

Intermodal  trailers  are  used  to  transport a variety of dry goods by rail on
flatcars,  usually  for  distances of over 400 miles. Over the past seven years,
intermodal  trailers  have  continued  to  be  rapidly  displaced  by  domestic
containers  as  the  preferred  method  of  transport  for  such  goods.  This
displacement  occurs  because  railroads offer approximately 20% lower wholesale
freight  rates  on  domestic containers compared to intermodal trailers.  During
2002,  demand  for  intermodal  trailers  was  much more depressed than historic
norms.  Unusually  low  demand occurred over the first half of the year due to a
rapidly  slowing  economy  and  low  rail  freight  rates  for  53-foot domestic
containers.  Due  to  the  decline  in demand, shipments for the year within the
intermodal  pool trailer market declined approximately 10% compared to the prior
year.  Average  utilization  of  the  entire  US  intermodal  trailer pool fleet
declined  from 77% in 1999 to 75% in 2000 to 63% in 2001 and further declined to
a  record  low  of  50%  in  2002.

The  General  Partner  continued  its  aggressive  marketing program in a bid to
attract  new  customers  for  the Partnership's intermodal trailers during 2002.
The largest trailer customer, Consolidated Freightways, abruptly shut down their
operations  and  declared  bankruptcy  during  2002.  This situation was largely
offset  by extensive efforts with other carriers to increase market share.  Even
with these efforts, average utilization of the Partnership's intermodal trailers
for  the  year  2002 dropped 12% from 2001 to approximately 61%, still 11% above
the  national  average.

The  trend  towards  using domestic containers instead of intermodal trailers is
expected to accelerate in the future.  Due to the anticipated continued weakness
of  the overall economy, intermodal trailer shipments are forecast to decline by
10%  to  15%  in  2003,  compared  to  2002.  As  such, the nationwide supply of
intermodal  trailers  is  expected to have approximately 27,000 units in surplus
for  2003.  The maintenance costs have increased approximately 12% from 2001 due
to  improper  repair  methods  performed by the railroads' vendors and billed to
owners.

The  General  Partner  will  continue  to  seek  to expand its customer base and
undertake  significant  efforts to reduce cartage and maintenance costs, such as
minimizing  trailer  downtime  at  repair  shops  and  terminals.

(E)     Government  Regulations

The  use,  maintenance,  and  ownership  of  equipment are regulated by federal,
state,  local,  or foreign governmental authorities. Such regulations may impose
restrictions  and financial burdens on the Partnership's ownership and operation
of  equipment.  Changes  in  government  regulations,  industry  standards,  or
deregulation  may  also  affect  the  ownership,  operation,  and  resale of the
equipment.  Substantial  portions  of  the Partnership's equipment portfolio are
either registered or operated internationally.  Such equipment may be subject to
adverse  political,  governmental,  or  legal  actions,  including  the  risk of
expropriation  or  loss  arising from hostilities.  Certain of the Partnership's
equipment  is  subject  to extensive safety and operating regulations, which may
require  its removal from service or extensive modification of such equipment to
meet  these  regulations,  at  considerable  cost  to  the  Partnership.  Such
regulations  include  but  are  not  limited  to:

(1)     in  2004,  new  maritime  and  port security laws that have already been
passed  by US Congress and International Maritime Organizations are scheduled to
be  implemented.  The  United  States  Coast Guard is currently holding hearings
with  international  shipping  industry  representatives  to  discuss  the
implementation  of  the  new  code  and  regulations,  which are to apply to all
shipping, ports and terminals both in the US and abroad. The new regulations are
aimed  at  improving  security  aboard  marine  vessels.  These  regulations may
require  additional  security equipment being added to marine vessels as well as
additional  training  being  provided  to  the  crew.  The  final code, which is
expected  to  have a significant impact on the industry, will apply to all ships
over  500  dead  weight  tons  that include those owned by the Partnership.  The
requirements of these new regulations have to be met by July 2004.  The deadline
for  compliance by ports is planned to be 2005.  As the methodology of how these
regulations  will  be  applied is still being determined, the General Partner is
unable  to  determine  the  impact  on  the  Partnership  at  this  time;

(2)     the Montreal Protocol on Substances that Deplete the Ozone Layer and the
US  Clean  Air  Act  Amendments of 1990, which call for the control and eventual
replacement  of  substances  that  have  been  found  to  cause  or  contribute
significantly  to harmful effects to the stratospheric ozone layer and which are
used  extensively  as  refrigerants in refrigerated marine cargo containers; and

(3)     the  US  Department  of Transportation's Hazardous Materials Regulations
regulates  the  classification and packaging requirements of hazardous materials
which  apply  particularly  to  the  Partnership's  tank  railcars.  The Federal
Railroad  Administration  has  mandated  that  effective  July  1, 2000 all tank
railcars  must be re-qualified every ten years from the last test date stenciled
on  each  railcar  to  insure  tank shell integrity.  Tank shell thickness, weld
seams,  and  weld  attachments  must  be  inspected and repaired if necessary to
re-qualify the tank railcar for service.  The average cost of this inspection is
$3,600 for jacketed tank railcars and $1,800 for non-jacketed tank railcars, not
including any necessary repairs.  This inspection is to be performed at the next
scheduled  tank  test and every ten years thereafter.  The Partnership currently
owns  282  jacketed  tank  railcars  and  179 non-jacketed tank railcars.  As of
December  31,  2002, 42 jacketed tank railcars and 13 non-jacketed tank railcars
of  the  fleet  will  need  to  be  re-qualified  in  2003  or  2004.

During the fourth quarter of 2002, the Partnership reduced the net book value of
84  owned  tank  railcars in its railcar fleet to their fair value of $2,000 per
railcar, and recorded a $0.7 million impairment loss.  The impairment was caused
by  a  general recall due to a manufacturing defect allowing extensive corrosion
of  the  railcars' internal lining.  Repairing the railcars was determined to be
cost prohibitive.  The fair value of railcars with this defect was determined by
using  industry  expertise.  These  railcars  were  off  lease.

As  of  December  31,  2002,  the  Partnership  is  in compliance with the above
governmental  regulations.  Typically,  costs  related  to  extensive  equipment
modifications to meet government regulations are passed on to the lessee of that
equipment.

ITEM  2.     PROPERTIES
             ----------

The  Partnership neither owns nor leases any properties other than the equipment
it  has  purchased  and its interests in entities that own equipment for leasing
purposes.  As  of  December  31,  2002,  the  Partnership  owned  a portfolio of
transportation  and  related  equipment  and  investments  in equipment owned by
unconsolidated special-purpose entities (USPEs) as described in Item 1, Table 1.
The Partnership acquired equipment with the proceeds of the Partnership offering
of $166.1 million through the third quarter of 1993, with proceeds from the debt
financing  of  $30.0 million, and by reinvesting a portion of its operating cash
flow  in  additional  equipment.

The  Partnership  maintains  its principal office at 235 3rd Street South, Suite
200,  St.  Petersburg,  FL  33701.

ITEM  3.     LEGAL  PROCEEDINGS
             ------------------

The  Partnership,  together  with  affiliates,  initiated  litigation in various
official  forums  in  the  United States and India against two defaulting Indian
airline  lessees  to  repossess  Partnership property and to recover damages for
failure  to  pay  rent  and failure to maintain such property in accordance with
relevant  lease contracts.  In response to the Partnership's collection efforts,
the  airline  lessees  filed counter-claims against the Partnership one of which
was  in  excess  of  the  Partnership's  claims against the airline. The General
Partner  believes that the airline's counterclaims are completely without merit,
and  the  General  Partner  will  vigorously  defend against such counterclaims.

During  2001,  an arbitration hearing was held between one Indian lessee and the
Partnership  and  the arbitration panel issued an award to the Partnership.  The
Partnership  initiated  proceedings in India to collect on the arbitration award
and  has  recently  been  approached again by the lessee to discuss a negotiated
settlement  of the Partnership's collection action.  The General Partner did not
accrue  the  arbitration  award  in  the  December 31, 2002 financial statements
because  the  likelihood  of  collection  of  the  award is remote.  The General
Partner  will  continue  to  try  to  collect the full amount of the settlement.

During 2001, the General Partner decided to minimize its collection efforts from
the  other  Indian  lessee  in  order  to  save  the  Partnership from incurring
additional  expenses associated with trying to collect from a lessee that has no
apparent  ability  to  pay.

The  Partnership  is involved as plaintiff or defendant in various legal actions
incidental  to  its  business.  Management  does  not  believe that any of these
actions  will be material to the financial condition or results of operations of
the  Partnership.

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS
             -----------------------------------------------------------

No matters were submitted to a vote of the Partnership's limited partners during
the  fourth  quarter  of  its  fiscal  year  ended  December  31,  2002.

                                     PART II

ITEM  5.     MARKET  FOR THE PARTNERSHIP'S EQUITY AND RELATED UNITHOLDER MATTERS
             -------------------------------------------------------------------

Pursuant  to  the  terms  of  the  partnership agreement, the General Partner is
entitled  to  5%  of  the  cash  distributions  of the Partnership.  The General
Partner  is  the  sole holder of such interests.  Net income is allocated to the
General  Partner  to the extent necessary to cause the General Partner's capital
account to equal zero.  The remaining interests in the profits, losses, and cash
distributions  of  the Partnership are allocated to the limited partners.  As of
December  31,  2002,  there  were  7,459  limited  partners holding units in the
Partnership.

There  are  several  secondary markets in which limited partnership units trade.
Secondary markets are characterized as having few buyers for limited partnership
interests and therefore are viewed as being inefficient vehicles for the sale of
limited partnership units.  Presently, there is no public market for the limited
partnership  units  and  none  is  likely  to  develop.

To  prevent the units from being considered publicly traded and thereby to avoid
taxation of the Partnership as an association treated as a corporation under the
Internal  Revenue  Code,  the limited partnership units will not be transferable
without  the  consent  of  the  General  Partner,  which  may be withheld in its
absolute  discretion.  The  General  Partner  intends  to  monitor  transfers of
limited  partnership  units  in  an effort to ensure that they do not exceed the
percentage  or  number  permitted  by  certain  safe  harbors promulgated by the
Internal  Revenue  Service.  A  transfer  may  be  prohibited  if  the  intended
transferee  is  not  a  United States citizen or if the transfer would cause any
portion of the units of a "Qualified Plan" as defined by the Employee Retirement
Income  Security  Act  of  1974 and Individual Retirement Accounts to exceed the
allowable  limit.


<PAGE>
ITEM  6.     SELECTED  FINANCIAL  DATA
             -------------------------

Table  2,  below,  lists  selected  financial  data  for  the  Partnership:

                                     TABLE 2
                                     -------

                        For the Years Ended December 31,
         (In thousands of dollars, except weighted-average unit amounts)
<TABLE>
<CAPTION>


                                            2002       2001       2000       1999      1998
                                         ----------------------------------------------------
<S>                                       <C>        <C>        <C>        <C>       <C>
Operating results:
  Total revenues . . . . . . . . . . . .  $  9,882   $ 13,409   $ 19,926   $50,209   $ 35,140
  Gain on disposition of equipment . . .       203      1,077      2,192    26,177      6,258
  Loss on disposition of equipment . . .        --         --         45       226          5
  Loss on impairment of equipment. . . .       769         --        374     3,567      4,276
  Equity in net income (loss) of uncon-
    solidated special-purpose entities .      (921)      (935)    (1,904)   (1,003)     6,465
  Net income (loss). . . . . . . . . . .    (1,096)        13        412     5,996      1,445

At year-end:
  Total assets . . . . . . . . . . . . .  $ 41,184   $ 48,792   $ 64,063   $78,204   $104,270
  Notes payable. . . . . . . . . . . . .    12,750     20,000     30,000    30,000     30,000
  Total liabilities. . . . . . . . . . .    14,608     21,294     32,441    33,183     38,022

Cash distribution. . . . . . . . . . . .  $     --   $  1,372   $ 13,794   $13,806   $ 15,226

Cash distribution representing
  a return of capital to the limited
  partners . . . . . . . . . . . . . . .  $     --   $  1,286   $ 13,104   $ 7,810   $ 13,781

Per weighted-average
  limited partnership unit:

Net income (loss). . . . . . . . . . . .  $(0.14)1   $(0.01)1   $(0.03)1   $  0.65 1 $ 0.08 1

Cash distribution. . . . . . . . . . . .  $     --   $   0.16   $   1.60   $  1.60   $   1.76

Cash distribution representing
  a return of capital. . . . . . . . . .  $     --   $   0.16   $   1.60   $  0.95   $   1.68

</TABLE>












1     After an increase of loss necessary to cause the General Partner's capital
account  to  equal  zero  of  $0.1  million  ($0.01 per weighted-average limited
partnership  (LP)  unit)  in  2002,  $0.1 million ($0.01 per weighted-average LP
unit) in 2001 and $0.7 million ($0.08 per weighted-average LP unit) in 2000, and
after  reduction  of  income  necessary  to  cause the General Partner's capital
account  to  equal  zero of $0.4 million ($0.04 per weighted-average LP unit) in
1999,  and $0.7 million ($0.08 per weighted-average LP unit) in 1998 (see Note 1
to  the  financial  statements).

<PAGE>
ITEM  7.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
             -------------------------------------------------------------------
RESULTS  OF  OPERATIONS
    -------------------

(A)     Introduction

Management's  discussion  and  analysis  of  financial  condition and results of
operations  relates  to the financial statements of PLM Equipment Growth Fund VI
(the  Partnership).  The following discussion and analysis of operations focuses
on  the  performance of the Partnership's equipment in various segments in which
it  operates  and  its  effect on the Partnership's overall financial condition.

(B)     Results  of  Operations  -  Factors  Affecting  Performance

(1)     Re-leasing  Activity  and  Repricing  Exposure  to  Current  Economic
Conditions

The  exposure  of the Partnership's equipment portfolio to repricing risk occurs
whenever the leases for the equipment expire or are otherwise terminated and the
equipment must be remarketed.  Major factors influencing the current market rate
for  Partnership  equipment  include supply and demand for similar or comparable
types  of  transport  capacity,  desirability  of  the  equipment in the leasing
market,  market  conditions  for  the  particular  industry segment in which the
equipment  is to be leased, overall economic conditions, and various regulations
concerning  the  use of the equipment.  Equipment that is idle or out of service
between the expiration of one lease and the assumption of a subsequent lease can
result  in  a  reduction  of  contribution  to the Partnership.  The Partnership
experienced  re-leasing  or repricing activity in 2002 for its railcar, trailer,
marine  vessel,  and  marine  container  portfolios.

     (a)          Railcars:  This  equipment  experienced significant re-leasing
activity.  Lease rates in this market are showing signs of weakness and this has
led  to  lower utilization and lower contribution to the Partnership as existing
leases  expire  and  renewal  leases  are  negotiated.

     (b)     Trailers:  The Partnership's trailer portfolio operates on per diem
leases with short-line railroad systems.  The relatively short duration of these
leases  in  these operations exposes the trailers to considerable re-leasing and
repricing  activity.

     (c)     Marine  vessel:  The Partnership's investment in an entity owning a
marine  vessel  operated in the short-term leasing market.  As a result of this,
the  Partnership's  partially  owned  marine  vessel  was remarketed during 2002
exposing  it  to  re-leasing  and  repricing  risk.

     (d)     Marine containers:  Some of the Partnership's marine containers are
leased  to  operators of utilization-type leasing pools and, as such, are highly
exposed  to repricing activity.  Starting in 2002 and continuing through 2006, a
significant  number  of the Partnership's marine containers currently on a fixed
rate  lease  will  be  switching to a lease based on utilization.  PLM Financial
Services, Inc. (FSI or the General Partner) anticipates that this will result in
a  significant  decrease  in  lease  revenue.

(2)     Equipment  Liquidations

Liquidation  of Partnership owned equipment and of investments in unconsolidated
special-purpose entities (USPEs), unless accompanied by an immediate replacement
of  additional  equipment  earning similar rates (see Reinvestment Risk, below),
represents  a reduction in the size of the equipment portfolio and may result in
a  reduction  of  contribution  to  the  Partnership.

During  2002,  the  Partnership disposed of owned equipment that included marine
containers  and  railcars  for  total  proceeds  of  $0.5  million.

(3)     Nonperforming  Lessees

Lessees  not  performing  under  the terms of their leases, either by not paying
rent,  not  maintaining  or  operating  the  equipment  in  accordance  with the
conditions of the leases, or other possible departures from the lease terms, can
result  not  only  in  reductions  in  contribution,  but  also  may require the
Partnership  to  assume  additional  costs  to  protect  its interests under the
leases,  such  as  repossession  or  legal  fees.

Two  former  Indian  lessees  are  having  financial  difficulties.  The General
Partner initiated litigation in various official forums in the United States and
India  against  the  defaulting  Indian  airline  lessees to recover damages for
failure  to  pay  rent  and failure to maintain such property in accordance with
relevant  lease  contracts.  The  total  amount  of  $2.2 million due from these
lessees  had  been  reserved for as a bad debt in 1997 and was written off as it
was determined to be uncollectible based on the financial status of the lessees.
The Partnership has repossessed its property previously leased to these airlines
(see  Note  10  to  the  financial  statements).

(4)     Reinvestment  Risk

Reinvestment risk occurs when the Partnership cannot generate sufficient surplus
cash  after  fulfillment  of  operating  obligations  to  reinvest in additional
equipment  during  the  reinvestment  phase  of  the  Partnership,  equipment is
disposed  of  for  less  than  threshold amounts, proceeds from dispositions, or
surplus  cash  available  for reinvestment cannot be reinvested at the threshold
lease  rates,  or proceeds from sales or surplus cash available for reinvestment
cannot  be  deployed  in  a  timely  manner.

The Partnership intends to increase its equipment portfolio by investing surplus
cash  in  additional  equipment,  after fulfilling operating requirements, until
December  31,  2004.

Other  non-operating  funds  for  reinvestment  are  generated  from the sale of
equipment  prior  to the Partnership's planned liquidation phase, the receipt of
funds  realized  from the payment of stipulated loss values on equipment lost or
disposed  of  while  it was subject to lease agreements, or from the exercise of
purchase  options in certain lease agreements.  Equipment sales generally result
from  evaluations  by  the  General  Partner that continued ownership of certain
equipment  is  either  inadequate to meet Partnership performance goals, or that
market  conditions,  market  values, and other considerations indicate it is the
appropriate  time  to  sell  certain  equipment.

(5)     Equipment  Valuation

In  accordance with the Financial Accounting Standards Board (FASB) Statement of
Financial Accounting Standards (SFAS) No. 121, "Accounting for the Impairment of
Long-Lived  Assets  and for Long-Lived Assets to Be Disposed Of" (SFAS No. 121),
the  General Partner reviewed the carrying values of the Partnership's equipment
portfolio  at  least  quarterly  and  whenever  circumstances indicated that the
carrying  value of an asset may not be recoverable due to expected future market
conditions.  If  the projected undiscounted cash flows and the fair value of the
equipment  was less than the carrying value of the equipment, an impairment loss
was  recorded.

In October 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment or
Disposal  of Long-Lived Assets" (SFAS No. 144), which replaces SFAS No. 121.  In
accordance  with  SFAS  No. 144, the Partnership evaluates long-lived assets for
impairment whenever events or circumstances indicate that the carrying values of
such  assets  may not be recoverable.  Losses for impairment are recognized when
the undiscounted cash flows estimated to be realized from a long-lived asset are
determined  to  be  less  than  the carrying value of the asset and the carrying
amount  of  long-lived  assets exceed its fair value.  The determination of fair
value  for a given investment requires several considerations, including but not
limited  to,  income  expected  to  be  earned  from  the asset, estimated sales
proceeds, and holding costs excluding interest.  The Partnership applied the new
rules  on  accounting  for  the  impairment  or  disposal  of  long-lived assets
beginning  January  1,  2002.

The  estimate  of  the  fair  value  for  the  Partnership's owned and partially
equipment  is based on the opinion of the Partnership's equipment managers using
data,  reasoning,  and  analysis  of  prevailing  market  conditions  of similar
equipment,  from  recent  purchases,  independent  third  party  valuations  and
discounted  cash flows.  The events of September 11, 2001, along with the change
in general economic conditions in the United States, have continued to adversely
affect  the market demand for both new and used commercial aircraft and weakened
the  financial position of several airlines.  Aircraft condition, age, passenger
capacity,  distance  capability,  fuel  efficiency,  and other factors influence
market  demand  and  market  values  for  passenger  jet  aircraft.

The  Partnership  has recorded write-downs of certain owned aircraft and certain
partially owned aircraft, representing impairment to the carrying value.  During
2000, the downturn in the United States economy indicated to the General Partner
that  an  impairment  may exist with certain of the equipment owned or partially
owned  by  the  Partnership.  Based  on  the  equipment fair value determined by
unaffiliated  Partnership  equipment  managers,  a $0.4 million reduction to the
carrying  value  of  owned aircraft equipment was required.  During 2001, a USPE
owning  two  Stage III commercial aircraft on a direct finance lease reduced its
net  investment  in  the  finance  lease  receivable  due  to  a series of lease
amendments.  The  Partnership's proportionate share of this write-down, which is
included  in  equity  in net income (loss) of the USPE in the Partnership's 2001
statement  of  operations,  was $1.6 million.   During 2002, the bankruptcy of a
major  US airline and subsequent increase in off-lease aircraft indicated to the
General  Partner  that  an  impairment to the aircraft portfolio may exist.  The
General  Partner determined the fair value of the aircraft and aircraft rotables
based on the valuation given by its unaffiliated aircraft equipment manager that
considered,  among  other  factors, expected income to be earned from the asset,
estimated sales proceeds and holding costs excluding interest.  This resulted in
an impairment loss of $36,000 to the aircraft rotables owned by the Partnership.
In addition, during 2002, the Partnership reduced the net book value of 84 owned
tank  railcars  in  its railcar fleet to their fair value of $2,000 per railcar,
and  recorded  a  $0.7  million impairment loss.  The impairment was caused by a
general recall due to a manufacturing defect allowing extensive corrosion of the
railcars'  internal  lining.  Repairing  the  railcars was determined to be cost
prohibitive.  The  fair  value  of  railcars  with this defect was determined by
using  industry  expertise.  These  railcars  were off lease.  No impairments to
owned  equipment  were required in 2001 or partially owned equipment in 2002 and
2000.

(C)     Financial  Condition  -  Capital  Resources  and  Liquidity

The General Partner purchased the Partnership's initial equipment portfolio with
capital  raised from its initial equity offering of $166.1 million and permanent
debt  financing  of  $30.0  million.  No  further capital contributions from the
limited  partners  are  permitted  under  the terms of the Partnership's limited
partnership  agreement.

The Partnership relies on operating cash flow to meet its operating obligations,
make cash distributions, and increase the Partnership's equipment portfolio with
any  remaining  available  surplus  cash.

For  the year ended December 31, 2002, the Partnership generated $5.4 million in
operating cash to meet its operating obligations, pay debt and interest payments
and  maintain  working  capital  reserves.

During  2002, the Partnership disposed of owned equipment for aggregate proceeds
of  $0.4  million  and  $0.1  million  in  account  receivable.

Accounts  receivable  decreased  $0.5  million  during 2002.  A decrease of $0.2
million  was  due to the timing of cash receipts and a $0.3 million decrease was
due  to  lower  balances due from certain lessees caused by lower utilization of
certain  equipment.

Investments  in  USPEs  decreased  $2.6  million  during  2002  due  to  cash
distributions  of  $1.7  million  from  the  USPEs to the Partnership and a $0.9
million  loss  that  was recorded by the Partnership for its equity interests in
the  USPEs.

Prepaid  expenses  increased  $0.2  million  during  2002  due to the payment of
insurance  and  certain administrative expenses during 2002 that relate to 2003.

Accounts  payable  increased  $0.1 million during the year ended 2002 due to the
timing  of  cash  payments.

Due  to  affiliates  increased $0.4 million during 2002 due to additional engine
reserves  due  to  a  USPE.

During  January  2002,  the  Partnership  prepaid  the $20.0 million senior note
payable  outstanding  on  December  31,  2001  and  a prepayment penalty of $1.0
million  to  prepay  the  note.  Concurrent  with  this payment, the Partnership
borrowed  $15.0  million  under  the  new $30.0 million term loan facility.  The
General  Partner  anticipates  that  the  Partnership will borrow the additional
$15.0  million  available  under  this  facility  in  2003.

The  Partnership  made  its  scheduled  principal payments totaling $2.3 million
under the new notes payable during 2002 and made another payment of $0.8 million
during  January  2003.  The  Partnership  is  scheduled to make a quarterly debt
payment of $0.8 million plus interest to the lenders of the notes payable at the
beginning  of each quarter.  The remaining balance of the notes of $12.8 million
will  be  repaid  with  principal  payments totaling $3.0 million in 2003, 2004,
2005,  and  2006  and a final principal payment of $0.8 million in January 2007.
The  cash for each payment will come from operations and equipment dispositions.

The  Partnership  is  a  participant in a $10.0 million warehouse facility.  The
warehouse  facility  is  shared by the Partnership, PLM Equipment Growth Fund V,
PLM  Equipment  Growth  &  Income Fund VII, Professional Lease Management Income
Fund  I,  LLC, and Acquisub LLC, a wholly owned subsidiary of PLM International,
Inc. (PLMI), the parent company of FSI.  In July 2002, PLMI reached an agreement
with  the  lenders  of  the  $10.0  million  warehouse  facility  to  extend the
expiration  date  to  June  30, 2003.  The facility provides for financing up to
100%  of  the  cost  of  the  equipment.  Any  borrowings by the Partnership are
collateralized  by  equipment  purchased  with  the  proceeds  of  the  loan.
Outstanding  borrowings  by  one borrower reduce the amount available to each of
the  other  borrowers  under  the  facility.  Individual  borrowings  may  be
outstanding  for no more than 270 days, with all advances due no later than June
30,  2003.  Interest  accrues either at the prime rate or LIBOR plus 2.0% at the
borrower's  option and is set at the time of an advance of funds.  Borrowings by
the  Partnership  are guaranteed by PLMI.  The Partnership is not liable for the
advances  made  to  the  other  borrowers.

As  of  March 26, 2003, the Partnership had no borrowings outstanding under this
facility  and  there were no other borrowings outstanding under this facility by
any  other  eligible  borrower.

In  October  2002, PLM Transportation Equipment Corp. Inc. (TEC), a wholly owned
subsidiary  of  FSI,  arranged  for  the  lease  or purchase of a total of 1,050
pressurized  tank railcars by (i) partnerships and managed programs in which FSI
serves  as  the  general  partner  or  manager  and  holds an ownership interest
(Program  Affiliates)  or  (ii)  partnerships  or  managed programs in which FSI
provides  management  services  but  does  not  hold  an  ownership  interest
(Non-Program  Affiliates).  These railcars will be delivered over the next three
years.  A  leasing  company  affiliated  with  the  manufacturer  will  acquire
approximately  70%  of  the  railcars and lease them to a Non-Program Affiliate.
The  remaining approximately 30% will either be purchased by other third parties
to  be  managed  by  PLMI  or  by  the  Program Affiliates.  Neither TEC nor its
affiliate will be liable for these railcars.  TEC estimates that the total value
of purchased railcars will not exceed $26.0 million with approximately one third
of the railcars being purchased in each of 2002, 2003, and 2004.  As of December
31,  2002,  FSI  committed one Program Affiliate, other than the Partnership, to
purchase $11.3 million in railcars that were purchased by TEC in 2002 or will be
purchased in 2003.  Although FSI has neither determined which Program Affiliates
will  purchase  the  remaining  railcars  nor the timing of any purchases, it is
possible  the  Partnership  may  purchase  some  of  the  railcars.

Commitment  and  contingencies  as  of  December  31,  2002  are  as follows (in
thousands  of  dollars):
<TABLE>
<CAPTION>


                                        Less than     1-3      4-5   After 5
Current Obligations              Total   1 Year     Years     Years   Years
-------------------------------  -----  --------  ---------  -------  ------
<S>                              <C>    <C>     <C>    <C>    <C>
Commitment to purchase railcars $14,699  $ 6,257  $  8,442  $    --  $   --
Notes payable                    12,750    3,000     6,000    3,750      --
Line of credit                       --       --        --       --      --
                                -------  -------  --------  -------  ------
                                $27,449  $ 9,257  $ 14,442  $ 3,750  $   --

</TABLE>


The  General  Partner  has  not planned any expenditures, nor is it aware of any
contingencies  that  would  cause  it  to require any additional capital to that
mentioned  above.

(D)     Critical  Accounting  Policies  and  Estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires the General Partner
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 the reported amounts of revenues and expenses
during  the  reporting  period.  On a regular basis, the General Partner reviews
these estimates including those related to asset lives and depreciation methods,
impairment  of  long-lived  assets,  allowance  for  doubtful accounts, reserves
related  to legally mandated equipment repairs and contingencies and litigation.
These  estimates are based on the General Partner's historical experience and on
various  other  assumptions  believed  to be reasonable under the circumstances.
Actual  results  may  differ from these estimates under different assumptions or
conditions.  The  General  Partner  believes,  however,  that  the  estimates,
including  those  for  the  above-listed  items,  are reasonable and that actual
results  will  not  vary  significantly  from  the  estimated  amounts.

The  General  Partner believes the following critical accounting policies affect
the  more  significant  judgments  and  estimates used in the preparation of the
Partnership's  financial  statements:

Asset  lives  and  depreciation  methods:  The  Partnership's  primary  business
involves  the  purchase  and  subsequent  lease of long-lived transportation and
related equipment.   The General Partner has chosen asset lives that it believes
correspond  to  the economic life of the related asset.  The General Partner has
chosen  a  deprecation  method  that  it  believes  matches  the  benefit to the
Partnership from the asset with the associated costs.  These judgments have been
made based on the General Partner's expertise in each equipment segment that the
Partnership operates.  If the asset life and depreciation method chosen does not
reduce  the  book value of the asset to at least the potential future cash flows
from  the  asset to the Partnership, the Partnership would be required to record
an impairment loss.  Likewise, if the net book value of the asset was reduced by
an  amount greater than the economic value has deteriorated, the Partnership may
record  a  gain  on  sale  upon  final  disposition  of  the  asset.

Impairment  of  long-lived  assets:  Whenever  circumstances  indicate  that  an
impairment  may  exist,  the  General  Partner reviews the carrying value of its
equipment  and  investments  in  USPEs to determine if the carrying value of the
assets  may  not  be  recoverable,  in  consideration  of  the  current economic
conditions.  This  requires  the  General  Partner  to make estimates related to
future  cash  flows  from  each  asset  as  well  as  the  determination  if the
deterioration  is  temporary  or  permanent.  If  these estimates or the related
assumptions  change  in  the  future,  the Partnership may be required to record
additional  impairment  charges.

Allowance  for  doubtful  accounts:  The  Partnership  maintains  allowances for
doubtful  accounts  for  estimated  losses  resulting  from the inability of the
lessees  to make the lease payments.  These estimates are primarily based on the
amount  of  time  that has lapsed since the related payments were due as well as
specific  knowledge  related  to the ability of the lessees to make the required
payments.  If  the  financial  condition  of  the  Partnership's lessees were to
deteriorate,  additional  allowances could be required that would reduce income.
Conversely,  if  the  financial  condition  of the lessees were to improve or if
legal  remedies  to  collect past due amounts were successful, the allowance for
doubtful  accounts  may  need  to  be  reduced  and  income  would be increased.

Reserves  for  repairs:  The Partnership accrues for legally required repairs to
equipment  such  as  dry  docking  for  marine  vessels  and engine overhauls to
aircraft engines over the period prior to the required repairs.  The amount that
is  reserved  for  is based on the General Partner's expertise in each equipment
segment, the past history of such costs for that specific piece of equipment and
discussions  with  independent,  third  party  equipment brokers.  If the amount
reserved for is not adequate to cover the cost of such repairs or if the repairs
must  be  performed  earlier than the General Partner estimated, the Partnership
would  incur  additional repair and maintenance or equipment operating expenses.

Contingencies  and  litigation:  The Partnership is subject to legal proceedings
involving  ordinary  and  routine  claims related to its business.  The ultimate
legal  and  financial liability with respect to such matters cannot be estimated
with  certainty  and  requires the use of estimates in recording liabilities for
potential  litigation  settlements.  Estimates  for  losses  from litigation are
disclosed  if  considered  possible  and  accrued  if  considered probable after
consultation with outside counsel.  If estimates of potential losses increase or
the related facts and circumstances change in the future, the Partnership may be
required  to  record  additional  litigation  expense.

(E)     Recent  Accounting  Pronouncements

On June 29, 2001, SFAS No. 142, "Goodwill and Other Intangible Assets" (SFAS No.
142),  was  approved  by  the  FASB.  SFAS  No.  142  changes the accounting for
goodwill  and  other  intangible  assets determined to have an indefinite useful
life  from  an amortization method to an impairment-only approach.  Amortization
of applicable intangible assets will cease upon adoption of this statement.  The
Partnership  implemented  SFAS  No. 142 on January 1, 2002.  SFAS No. 142 had no
impact  on  the  Partnership's  financial  position  or  results  of operations.

In  April 2002, the FASB issued SFAS No. 145, "Rescission of FASB Statements No.
4,  44,  and  64, Amendment of FASB No. 13, and Technical Corrections" (SFAS No.
145).  The  provisions  of SFAS No. 145 are effective for fiscal years beginning
after  May  15,  2002.  As  permitted  by the pronouncement, the Partnership has
elected  early adoption of SFAS No. 145 as of January 1, 2002.  SFAS No. 145 had
no  impact  on  the  Partnership's  financial position or results of operations.

In  July  2002,  the  FASB issued SFAS No. 146, "Accounting for Costs Associated
with  Exit or Disposal Activities" (SFAS No. 146), which is based on the general
principle  that  a  liability  for  a  cost  associated with an exit or disposal
activity  should  be recorded when it is incurred and initially measured at fair
value.  SFAS  No. 146 applies to costs associated with (1) an exit activity that
does  not  involve  an entity newly acquired in a business combination, or (2) a
disposal activity within the scope of SFAS No. 146.  These costs include certain
termination benefits, costs to terminate a contract that is not a capital lease,
and  other  associated  costs  to  consolidate facilities or relocate employees.
Because the provisions of this statement are to be applied prospectively to exit
or disposal activities initiated after December 31, 2002, the effect of adopting
this  statement  cannot  be  determined.

In November 2002, the FASB issued Interpretation No. 45, "Guarantor's Accounting
and  Disclosure  Requirements  for  Guarantees, Including Indirect Guarantees of
Indebtedness of Others" (FIN 45).  This interpretation requires the guarantor to
recognize  a  liability for the fair value of the obligation at the inception of
the  guarantee.  The provisions of FIN 45 will be applied on a prospective basis
to  guarantees  issued  after  December  31,  2002.

In  January  2003, FASB issued Interpretation No. 46, "Consolidation of Variable
Interest  Entities" (FIN 46).  This interpretation clarifies existing accounting
principles  related to the preparation of consolidated financial statements when
the owners of an USPE do not have the characteristics of a controlling financial
interest  or when the equity at risk is not sufficient for the entity to finance
its  activities  without  additional subordinated financial support from others.
FIN  46  requires  the  Partnership  to  evaluate  all  existing arrangements to
identify  situations  where  the Partnership has a "variable interest," commonly
evidenced  by  a  guarantee arrangement or other commitment to provide financial
support,  in a "variable interest entity," commonly a thinly capitalized entity,
and  further  determine  when such variable interest requires the Partnership to
consolidate  the  variable interest entities' financial statements with its own.
The Partnership is required to perform this assessment by September 30, 2003 and
consolidate any variable interest entities for which the Partnership will absorb
a  majority  of  the  entities'  expected  losses  or  receive a majority of the
expected  residual  gains.  The  Partnership  has  determined  that  it  is  not
reasonably  possible  that  it  will  be  required  to  consolidate  or disclose
information  about a variable interest entity upon the effective date of FIN 46.

(F)     Results  of  Operations  -  Year-to-Year  Detailed  Comparison

(1)     Comparison  of  the  Partnership's Operating Results for the Years Ended
December  31,  2002  and  2001

(a)     Owned  Equipment  Operations

Lease  revenues  less  direct  expenses  (defined  as  repairs  and maintenance,
equipment  operating,  and asset-specific insurance expenses) on owned equipment
decreased  during  the year ended December 31, 2002, compared to 2001.  Gains or
losses  from  the  sale  of  equipment,  interest  and other income, and certain
expenses  such  as  depreciation and amortization and general and administrative
expenses  relating  to  the  operating  segments  (see  Note  5 of the financial
statements),  are  not  included  in  the  owned  equipment operation discussion
because  these  expenses  are indirect in nature and not a result of operations,
but the result of owning a portfolio of equipment.  The following table presents
lease  revenues  less  direct  expenses  by  segment  (in thousands of dollars):
<TABLE>
<CAPTION>

<S>                      <C>           <C>
                                For the Years
                              Ended December 31,
                             2002          2001
                            -------------------
Marine containers . . .    $   3,750   $  4,587
Railcars. . . . . . . .        2,386      2,642
Aircraft and components        1,616      1,842
Trailers. . . . . . . .          248        383
Marine vessel . . . . .          (1)        179
</TABLE>


Marine  containers:  Marine  container  lease  revenues and direct expenses were
$3.8  million  and  $39,000, respectively, for the year ended December 31, 2002,
compared  to $4.6 million and $0.1 million, respectively, during the same period
of  2001.  The decrease in lease revenues of $0.9 million during 2002 was due to
a  decrease of $0.4 million caused by certain marine containers switching from a
fixed lease rate to utilization based rate resulting in lower lease revenues and
a  decrease of $0.5 million caused by a lower lease rate earned on the remaining
fleet  under  utilization  leases  compared  to  the  same  period  of  2001.

Railcars:  Railcar lease revenues and direct expenses were $3.3 million and $0.9
million,  respectively,  for  the year ended December 31, 2002, compared to $3.8
million  and  $1.1  million,  respectively,  during  the same period of 2001.  A
decrease  in  railcar  lease revenues of $0.5 million was primarily due to lower
re-lease  rates  earned  on  new  leases  as  old leases expired during 2002.  A
decrease in railcar direct expenses of $0.2 million was due to a decrease in the
repairs and maintenance of railcars in the year ended December 31, 2002 compared
to  the  same  period  in  2001.

Aircraft  and  components:  Aircraft  and  component  lease  revenues and direct
expenses  were  $1.6  million  and  $22,000,  respectively,  for  the year ended
December  31,  2002,  compared to $1.8 million and $19,000, respectively, during
the  same period of 2001.  Lease revenues decreased $0.2 million during 2002 due
to  the  reduction in the lease rate on an MD-82 aircraft as part of a new lease
agreement  in  2001.

Trailers:     Trailer  lease  revenues and direct expenses were $0.8 million and
$0.5  million,  respectively,  for the year ended December 31, 2002, compared to
$0.9  million  and  $0.5  million, respectively, during the same period of 2001.
Trailer  contribution  decreased  $0.1  million  during  2002 due to lower lease
revenues  of  $0.1  million  and  higher  repair  costs  of  $49,000.

Marine  vessel:     Marine vessel contribution decreased $0.2 million during the
year  ended  December 31, 2002 due to the sale of the Partnership's wholly-owned
marine  vessel  during  2001.

(b)     Indirect  Expenses  Related  to  Owned  Equipment  Operations

Total  indirect  expenses  of  $8.6 million for the year ended December 31, 2002
decreased from $10.3 million for the same period in 2001.  Significant variances
are  explained  as  follows:

     (i)     A  $2.3  million decrease in depreciation and amortization expenses
from  2001  levels reflects the decrease of approximately $0.9 million caused by
the  double-declining  balance  method  of depreciation which results in greater
depreciation  in  the  first years an asset is owned, a decrease of $1.3 million
resulting  from  certain  assets  being  fully  depreciated  during  2001, and a
decrease  of  $0.1  million due to the sale of certain equipment during 2002 and
2001;

     (ii)     A  $1.0  million  decrease  in  interest  expense  resulted from a
decrease  of  $0.8 million caused by lower average borrowings outstanding in the
year  ended  December  31,  2002  compared to the same period of 2001 and a $0.2
million  decrease  due  to a lower interest rate charged during 2002 compared to
2001;

     (iii)     A $0.1 million decrease in management fees was due to lower lease
revenues  earned  by  the  Partnership  during  the year ended December 31, 2002
compared  to  the  same  period  of  2001.  The  management fee rate paid by the
Partnership  will  be reduced by 25% for the period January 1, 2003 through June
30,  2005;

     (iv)     A  $0.1 million increase in the provision for bad debts was due to
the  General  Partners  evaluation of the collectability of receivables due from
certain  lessees.

     (v)     A  $0.8  million  increase  in  general and administrative expenses
during  the  year  ended  December  31,  2002  was  due  to  a $1.0 million debt
prepayment  penalty  in  the  year  ended  December  31,  2002  related  to  the
Partnership's  note  payable that was not required during 2001, offset, in part,
by  a  decrease  of  $0.2  million  due to lower professional service costs; and

     (vi)     Impairment  loss  increased  $0.8 million during 2002 and resulted
from  the  Partnership  reducing  the carrying value of 84 tank railcars and one
aircraft to their estimated fair value.  No impairment of equipment was required
during  2001.

(c)     Interest  and  Other  Income

Interest  and  other  income  decreased $0.5 million during 2002.  A decrease of
$0.3 million was due to lower average cash balances compared to 2001, a decrease
of  $0.1  million  was  due  to  a  decrease in the interest rate earned on cash
balances,  and  a decrease of $0.1 million was due to an insurance settlement in
2001.  A  similar  settlement  was  not  received  in  2002.

<PAGE>

(d)     Gain  on  Disposition  of  Owned  Equipment

The  gain  on the disposition of owned equipment for the year ended December 31,
2002  totaled  $0.2  million and resulted from the sale of marine containers and
railcars,  with an aggregate net book value of $0.3 million for proceeds of $0.5
million.  The  gain  on  the  disposition  of owned equipment for the year ended
December  31,  2001 totaled $1.1 million, and resulted from the sale of a Boeing
737-200  commercial  aircraft,  a  marine vessel, trailers, railcars, and marine
containers  with  an  aggregate  net book value of $3.0 million, for proceeds of
$3.7  million.  Included  in  the  net gain on sale of the marine vessel was the
unused  portion  of  marine  vessel  dry-docking  liability  of  $0.3  million.

(e)     Equity  in  Net  Loss  of  Unconsolidated  Special-Purpose  Entities

Equity in net loss of USPEs represents the Partnership's share of the net income
or loss generated from the operation of jointly owned assets accounted for under
the  equity method of accounting.  These entities are single purpose and have no
debt  or  other  financial encumbrances.  The following table presents equity in
net  loss  by  equipment  type  (in  thousands  of  dollars):
<TABLE>
<CAPTION>

<S>                              <C>          <C>
                                        For the Years
                                      Ended December 31,
                                      2002         2001
                                    ---------------------
Aircraft. . . . . . . . . . . .     $   (407)  $  (2,850)
Marine vessels. . . . . . . . .         (514)      1,915
                                    ---------  ----------
    Equity in net loss of USPEs     $   (921)  $    (935)
                                    =========  ==========
</TABLE>


The  following  USPE  discussion by equipment type is based on the Partnership's
proportional  share  of  revenues,  gain on equipment dispositions, depreciation
expense,  impairment  loss,  direct expenses, and administrative expenses in the
USPEs:

Aircraft:  As  of  December 31, 2002 and 2001, the Partnership owned an interest
in two commercial aircraft on a direct finance lease and an interest in a Boeing
737-300  commercial aircraft.  During the year ended December 31, 2002, revenues
of  $1.4  million  were  offset  by  depreciation  expense,  direct expenses and
administrative  expenses  of  $1.8  million.  During  the  same  period of 2001,
revenues  of  $1.7 million were offset by depreciation expense, impairment loss,
direct  expenses  and  administrative  expenses  of  $4.5  million.

Revenues  earned  by  the  trust  that  owns two commercial aircraft on a direct
finance  lease  decreased $0.3 million due to the leases for the aircraft in the
trust  being  renegotiated  at  a  lower  rate  in  2001.

Depreciation  expense,  impairment  loss,  direct  expenses,  and administrative
expenses decreased $2.7 million during the year ended December 31, 2002 compared
to  2001  due  to:

     (i)     A $1.6 million impairment loss was recorded on the trust that owned
two commercial aircraft on a direct finance lease during the year ended December
31,  2001 which resulted from the reduction of the carrying value of the trust's
aircraft  to  its  estimated net realizable value.  There were no impairments to
partially  owned  aircraft  required  during  2002.

     (ii)     A  $0.5  million  decrease  in  repairs and maintenance was due to
fewer required repairs during the year ending 2002 for the trust owning a Boeing
737-300  compared  to  2001.

     (iii)     A $0.4 million decrease in depreciation expense due to the use of
the  double  declining-balance  method of depreciation, which results in greater
depreciation  in  the  first  years  an  asset  is  owned.

     (iv)     A  $0.1  million  decrease in amortization expense due to deferred
charges  being  fully  amortized.

Marine  vessels:     As  of December 31, 2002 and 2001, the Partnership owned an
interest  in  an  entity  that  owned  a  marine  vessel.  During the year ended
December  31,  2002,  lease revenues of $2.8 million were offset by depreciation
expense,  direct  expenses, and administrative expenses of $3.4 million.  During
the  same  period  of  2001, lease revenues of $5.6 million and the gain of $0.7
million  from  the sale of the Partnership's interest in two entities that owned
marine  vessels  were  offset  by  depreciation  expense,  direct  expenses, and
administrative  expenses  of  $4.4  million.

Marine  vessel  lease  revenues  decreased  $2.7  million  during the year ended
December  31,  2002  compared to 2001.  During the year ended December 31, 2002,
marine  vessel  lease  revenues  decreased $1.9 million due to one marine vessel
earning  a  lower  charter rate while on charter, $0.3 million due to the marine
vessel  being  in  dry dock for three weeks, and $0.5 million due to the sale of
the  Partnership's  interest  in  two  entities that owned marine vessels during
2001.

Depreciation  expense,  direct  expenses,  and administrative expenses decreased
$1.1 million during the year ended December 31, 2002 compared to 2001 due to the
following:

     (i)     A  $0.2  million decrease in direct expenses due to lower operating
expenses;

     (ii)     A  $0.2 million decrease in depreciation expense due to the use of
the  double  declining-balance  method of depreciation, which results in greater
depreciation  in  the  first  years  an  asset  is  owned;

     (iii)     A  $0.1  million  decrease  in management fees due to lower lease
revenues;  and

     (iv)     An  additional  $0.6  million  decrease was due to the sale of the
Partnership's  interest  in  two entities that owned marine vessels during 2001.

(f)     Net  Income  (Loss)

As  a  result  of  the  foregoing, the Partnership's net loss for the year ended
December  31,  2002 was $1.1 million, compared to a net income of $13,000 during
the  same  period  of  2001.  The Partnership's ability to acquire, operate, and
liquidate assets, secure leases and re-lease those assets whose leases expire is
subject  to  many factors.  Therefore, the Partnership's performance in the year
ended  December  31,  2002  is  not  necessarily  indicative  of future periods.

(2)     Comparison  of  the  Partnership's Operating Results for the Years Ended
December  31,  2001  and  2000

(a)     Owned  Equipment  Operations

Lease  revenues  less  direct  expenses  (defined  as  repairs  and maintenance,
equipment  operating,  and asset-specific insurance expenses) on owned equipment
decreased  during  the  year  ended  December  31,  2001, compared to 2000.  The
following  table  presents  lease  revenues  less direct expenses by segment (in
thousands  of  dollars):
<TABLE>
<CAPTION>

<S>                      <C>           <C>
                               For the Years
                             Ended December 31,
                             2001          2000
                            -------------------
Marine containers . . .     $   4,587  $  4,686
Railcars. . . . . . . .         2,642     3,281
Aircraft and components         1,824     2,722
Trailers. . . . . . . .           383     1,415
Marine vessels. . . . .           179     1,276
</TABLE>


Marine  containers:  Marine  container  lease  revenues and direct expenses were
$4.6  million  and  $0.1  million, respectively, for the year ended December 31,
2001,  compared  to  $4.7  million  and $20,000, respectively, during 2000.  The
decrease  in  lease  revenues of $0.1 million during the year ended December 31,
2001,  was  due  to  lower  marine  container  utilization  compared  to  2000.

Railcars:  Railcar lease revenues and direct expenses were $3.8 million and $1.1
million,  respectively,  for  the year ended December 31, 2001, compared to $4.3
million  and  $1.0 million, respectively, during 2000.  Lease revenues decreased
$0.2 million due to lower re-lease rates earned on railcars whose leases expired
during  2001  and  decreased  $0.3  million due to the increase in the number of
railcars  off-lease  during  2001,  compared  to  2000.  An  increase  in direct
expenses  of  $0.1  million  was  due to higher repairs during 2001, compared to
2000.

Aircraft  and components:  Aircraft lease revenues and direct expenses were $1.8
million  and  $19,000,  respectively,  for  the  year  ended  December 31, 2001,
compared  to  $2.8  million  and $0.1 million, respectively, during 2000.  Lease
revenues were lower primarily due to the reduction of the lease rate on an MD-82
as  part  of  a  new  lease  agreement.

Trailers:     Trailer  lease  revenues and direct expenses were $0.9 million and
$0.5  million,  respectively,  for the year ended December 31, 2001, compared to
$2.1  million  and  $0.7  million,  respectively,  during 2000.  The decrease in
trailer  contribution  of  $1.0  million  was  due  to  the  sale  of 49% of the
Partnership's  trailers  during  2000.

Marine  vessels:     Marine  vessel lease revenues and direct expenses were $0.5
million  and  $0.3  million, respectively, for the year ended December 31, 2001,
compared to $3.6 million and $2.3 million, respectively, during 2000.  Decreases
in lease revenues of $3.1 million and direct expenses of $2.0 million during the
year  ended  December 31, 2001, compared to the same period in 2000, were due to
the sale of all of the Partnership's wholly owned marine vessels during 2001 and
2000.

(b)     Indirect  Expenses  Related  to  Owned  Equipment  Operations

Total  indirect  expenses  of $10.3 million for the year ended December 31, 2001
decreased from $13.5 million for the same period in 2000.  Significant variances
are  explained  as  follows:

(i)     A  $2.8  million decrease in depreciation and amortization expenses from
2000  levels  reflects  a  decrease  of  $1.8 million due to the sale of certain
equipment  during  2001  and  2000,  and  a  $1.2 million decrease caused by the
double-declining  balance  method  of  depreciation  which  results  in  greater
depreciation  in  the  first  years  an  asset  is  owned.

These  decreases  were  offset,  in  part,  by  an  increase  of $0.2 million in
depreciation  expenses resulting from the transfer of the Partnership's interest
in  an  entity  that  owned  marine  containers from the USPE portfolio to owned
equipment  during  2000,  and  a  $0.2  million increase in amortization expense
related  to  deferred  charges.

(ii)     A  $0.4  million  impairment  loss  on  equipment during the year ended
December  31, 2000 resulted from the reduction of the carrying value of a Boeing
737-200 commercial aircraft to its estimated net realizable value.  There was no
     impairment  of  wholly  owned  equipment  required  during  2001.

(iii)     A  $0.3  million  decrease  in  management fees was due to lower lease
revenues  earned  by  the  Partnership  during  the year ended December 31, 2001
compared  to  2000.

(iv)     A  $0.3  million decrease in general and administrative expenses during
the  year  ended  December  31,  2001  was  due  to  lower costs of $0.3 million
resulting  from the sale of 49% of the Partnership's trailers during 2000 and by
a  decrease  of $0.2 million resulting from decreased allocations by the General
Partner compared to 2001.  These decreases were offset, in part, by  an increase
     of  $0.2  million  due  to  higher  professional  costs.

(v)     A  $0.7  million  increase  in  the recovery of bad debts was due to the
collection  of past due receivables during the year ended December 31, 2000 that
had  been  previously  reserved for as a bad debt.  A similar collection did not
occur  in  2001.

(c)     Gain  on  Disposition  of  Owned  Equipment,  Net

The  gain  on the disposition of owned equipment for the year ended December 31,
2001  totaled  $1.1  million,  and  resulted  from  the sale of a Boeing 737-200
commercial  aircraft, a marine vessel, trailers, railcars, and marine containers
with  an aggregate net book value of $3.0 million, for proceeds of $3.7 million.
Included  in  the  gain  on  sale of the marine vessel was the unused portion of
marine  vessel  dry-docking  liability  of  $0.3  million.  The  net gain on the
disposition of owned equipment for the year ended December 31, 2000 totaled $2.1
million,  and  resulted  from  the  sale  of  marine vessels, marine containers,
trailers,  and  railcars  with  an aggregate net book value of $7.3 million, for
proceeds  of $9.1 million and unused dry-docking reserves on sold marine vessels
of  $0.3  million.

(d)     Equity  in  Net  Loss  of  Unconsolidated  Special-Purpose  Entities

Equity in net loss of USPEs represents the Partnership's share of the net income
or loss generated from the operation of jointly owned assets accounted for under
the  equity method of accounting.  These entities are single purpose and have no
debt  or  other  financial encumbrances.  The following table presents equity in
net  loss  by  equipment  type  (in  thousands  of  dollars):
<TABLE>
<CAPTION>

<S>                              <C>          <C>
                                       For the Years
                                     Ended December 31,
                                     2001         2000
                                    -------------------
Marine vessels. . . . . . . . .     $   1,915  $  (548)
Aircraft. . . . . . . . . . . .       (2,850)   (1,485)
Other . . . . . . . . . . . . .            --       129
                                    ---------  --------
    Equity in net loss of USPEs     $   (935)  $(1,904)
                                    =========  ========
</TABLE>


The  following  USPE  discussion by equipment type is based on the Partnership's
proportional  share  of  revenues,  gain on equipment dispositions, depreciation
expense,  direct  expenses,  and  administrative  expenses  in  the  USPEs:

Marine  vessels:     During  the year ended December 31, 2001, lease revenues of
$5.6  million  and  the  gain of $0.7 million from the sale of the Partnership's
interest  in  two entities that owned marine vessels were offset by depreciation
expense,  direct  expenses, and administrative expenses of $4.4 million.  During
2000, lease revenues of $3.5 million were offset by depreciation expense, direct
expenses,  and  administrative  expenses  of  $4.1  million.

Marine  vessel  lease  revenues  increased  $2.1  million  during the year ended
December  31,  2001  compared  to  2000  due  to  the  following:

     (i)     Marine vessel lease revenues increased $1.8 million due to a marine
vessel  switching from a fixed rate lease to a voyage charter lease during 2001.
Under  a  voyage  charter  lease,  the  marine vessel earns a higher lease rate;
however, certain direct expenses that were previously paid by the lessee are now
paid  by  the  owner.

     (ii)     Lease  revenues  increased  $0.9  million  during  the  year ended
December  31,  2001  due  to one marine vessel being on lease the entire year of
2001, which was in drydock and off-lease for nine weeks during 2000.  During the
drydock  period,  the  marine  vessel  did  not  earn  any  lease  revenues.

     (iii)     These  increases were offset, in part, by a $0.7 million decrease
in  lease  revenue  due  to  the sale of two marine vessels in 2001 in which the
Partnership  owned  an  interest.

Depreciation  expense,  direct  expenses,  and administrative expenses increased
$0.3 million during the year ended December 31, 2001 compared to 2000 due to the
following:

     (i)     A  $1.0 million increase in direct expenses due to higher operating
expenses for one marine vessel that was on voyage charter during the year ending
December  31,  2001, that was on fixed rate lease during part of the same period
of  2000.

     (ii)     A  $0.2 million increase in direct expenses due to a marine vessel
being  on  lease  during the year of 2001 that was in dry dock and off-lease for
nine  weeks  in  2000.

     (iii)     A  $0.1  million  increase in management fees due to higher lease
revenue  on  partially  owned  marine  vessels.

     (iv)     A  $0.4  million  decrease  in  depreciation expense due to a $0.3
million  decrease  from  the sale of two marine vessels in which the Partnership
owned  an  interest  and  a  $0.2  million decrease due to the use of the double
declining-balance  method of depreciation, which results in greater depreciation
in  the  first  years  an  asset  is  owned.

     (v)     A  $0.5 million decrease in direct expenses resulting from the sale
of  two  marine  vessels  in  which  the  Partnership  owned  an  interest.

Aircraft:  As  of  December 31, 2001 and 2000, the Partnership owned an interest
in two commercial aircraft on a direct finance lease and an interest in a Boeing
737-300  commercial aircraft.  During the year ended December 31, 2001, revenues
of  $1.7  million  were  offset  by  depreciation  expense, direct expenses, and
administrative  expenses of $4.5 million.  During 2000, revenues of $1.5 million
were offset by depreciation expense, direct expenses and administrative expenses
of  $3.0  million.

Lease  revenues  increased  $0.2 million during the year ended December 31, 2001
due  to  the Boeing 737-300 being on-lease the full year of 2001.  This aircraft
was  off-lease  most  of  2000.

Depreciation  expense,  direct  expenses,  and administrative expenses increased
$1.5  million  during  the year ended December 31, 2001 compared to 2000 due to:

     (i)     A $1.6 million impairment loss was recorded on the trust that owned
two commercial aircraft on a direct finance lease during the year ended December
31,  2001 which resulted from the reduction of the carrying value of the trust's
aircraft  to  its  estimated net realizable value.  There were no impairments to
partially  owned  aircraft  required  during  2000.

     (ii)     A  $0.1  million  increase  in  amortization  expense  due  to the
amortization  of  deferred  charges.

     (iii)     A  $0.1  million increase in bad debt expenses resulting from the
collection  of  an unpaid accounts receivable during 2000 that had been reserved
for  as  a  bad  debt in a previous year.  A similar collection was not received
during  2001.

     (iv)     A  $0.2 million decrease in depreciation expense due to the use of
the  double  declining-balance  method of depreciation, which results in greater
depreciation  in  the  first  years  an  asset  is  owned.

     (v)     A $0.2 million decrease in repairs and maintenance was due to fewer
required  repairs  during  the  year  ending  2001 for the trust owning a Boeing
737-300  compared  to  2000.

(e)     Net  Income

As  a  result  of the foregoing, the Partnership's net income for the year ended
December  31,  2001 was $13,000, compared to a net income of $0.4 million during
2000.  The  Partnership's  ability  to  acquire,  operate  and liquidate assets,
secure  leases, and re-lease those assets whose leases expire is subject to many
factors.  Therefore,  the  Partnership's  performance in the year ended December
31,  2001  is  not  necessarily indicative of future periods.  In the year ended
December  31,  2001,  the  Partnership  distributed  $1.3 million to the limited
partners,  or  $0.16  per  weighted-average  limited  partnership  unit.

(G)     Geographic  Information

Certain  of  the  Partnership's  equipment  operates  in  international markets.
Although these operations expose the Partnership to certain currency, political,
credit  and economic risks, the General Partner believes these risks are minimal
or  has  implemented  strategies  to control the risks.  Currency risks are at a
minimum  because all invoicing, with the exception of a small number of railcars
operating  in  Canada,  is  conducted  in United States (US) dollars.  Political
risks  are  minimized  by  avoiding  operations  in countries that do not have a
stable judicial system and established commercial business laws.  Credit support
strategies  for  lessees  range  from letters of credit supported by US banks to
cash  deposits.  Although  these  credit  support mechanisms generally allow the
Partnership  to  maintain  its  lease  yield,  there  are  risks associated with
slow-to-respond  judicial  systems  when  legal  remedies are required to secure
payment  or  repossess  equipment.  Economic  risks  are  inherent  in  all
international markets and the General Partner strives to minimize this risk with
market  analysis  prior to committing equipment to a particular geographic area.
Refer  to  Note  6  to  the  financial  statements  for information on the lease
revenues,  net  income  (loss),  and  net  book  value  of  equipment in various
geographic  regions.

Revenues  and  net  operating income (loss) by geographic region are impacted by
the time period the asset is owned and the useful life ascribed to the asset for
depreciation  purposes.  Net  income  (loss)  from  equipment  is  significantly
impacted  by  depreciation  charges,  which  are  greatest in the early years of
ownership due to the use of the double-declining balance method of depreciation.
The  relationships of geographic revenues, net income (loss), and net book value
of  equipment are expected to change significantly in the future, as assets come
off  lease  and  decisions  are  made  either to redeploy the assets in the most
advantageous  geographic  location  or  sell  the  assets.

The Partnership's owned equipment on lease to US - domiciled lessees consists of
aircraft,  trailers  and railcars.  During 2002, US lease revenues accounted for
32% of the total lease revenues of wholly and jointly owned equipment while this
region  reported  net  income  of  $0.9  million.

The  Partnership's  owned  equipment  on  lease  to  Canadian-domiciled  lessees
consists  of railcars.  During 2002, Canadian lease revenues accounted for 7% of
the  total  lease  revenues  of  wholly  and jointly owned equipment, while this
region  reported  net  income  of  $0.3  million.

The  Partnership's  owned  equipment  that  was on lease to lessees domiciled in
Europe  consists  of  a  portfolio of aircraft rotables.  Lease revenues in this
region  accounted for 3% of the total lease revenues of wholly and jointly owned
equipment,  while  this  region  reported  net  income  of  $0.1  million.

The  Partnership's  investment in equipment owned by a USPE on lease to a lessee
domiciled  in  South  America  consists  of  an  aircraft.  South American lease
revenues  accounted  for  9%  of  the total lease revenues of wholly and jointly
owned  equipment  while  this  region  reported  net  loss of $0.5 million.  The
primary reasons for this loss were due to the double-declining balance method of
depreciation that results in greater depreciation in the first years an asset is
owned.

The  Partnership's  ownership  share  in equipment owned by a USPE on lease to a
Mexican-domiciled  lessee  consisted  of two aircraft on a direct finance lease.
No  operating  lease  revenues  were  reported  in this region while this region
reported  net  income  of  $0.1  million.

The Partnership's owned equipment and investments in equipment owned by USPEs on
lease  to lessees in the rest of the world consists of marine vessels and marine
containers.  During 2002, lease revenues from these operations accounted for 49%
of  the  total  lease  revenues  of  wholly  and  jointly owned equipment, while
reporting  net  income  from  these  operations  of  $0.8  million.

(H)     Inflation

Inflation had no significant impact on the Partnership's operations during 2002,
2001,  or  2000.

(I)     Forward-Looking  Information

Except  for historical information contained herein, the discussion in this Form
10-K  contains  forward-looking statements that involve risks and uncertainties,
such  as  statements  of  the Partnership's plans, objectives, expectations, and
intentions.  The  cautionary statements made in this Form 10-K should be read as
being  applicable to all related forward-looking statements wherever they appear
in  this  Form  10-K.  The  Partnership's actual results could differ materially
from  those  discussed  here.

(J)     Outlook  for  the  Future

The Partnership's operation of a diversified equipment portfolio in a broad base
of  markets  is  intended  to  reduce  its  exposure to volatility in individual
equipment  sectors.

The  ability  of  the  Partnership  to  realize  acceptable  lease  rates on its
equipment  in  the  different equipment markets is contingent upon many factors,
such  as  specific  market  conditions  and  economic  activity,  technological
obsolescence, and government or other regulations. The unpredictability of these
factors  makes  it difficult for the General Partner to clearly define trends or
influences  that may impact the performance of the Partnership's equipment.  The
General  Partner  continuously  monitors  both  the  equipment  markets  and the
performance  of  the  Partnership's  equipment  in  these  markets.  The General
Partner  may  make  an  evaluation to reduce the Partnership's exposure to those
equipment  markets  in  which it determines that it cannot operate equipment and
achieve acceptable rates of return.  Alternatively, the General Partner may make
a  determination  to  enter those markets in which it perceives opportunities to
profit  from  supply  and  demand  instabilities, or other market imperfections.

The  Partnership  intends  to  use  cash  flow  from  operations  to satisfy its
operating  requirements,  pay  principal  and  interest  on  debt  and  acquire
additional  equipment  until  December  31,  2004.  Additionally,  in  2003  the
Partnership  intends  to borrow the additional $15.0 million available under the
Partnership  term  loan.  The  proceeds  from this loan will be used to purchase
additional  equipment.

Due to a weak economy, and specifically weakness in the transportation industry,
the  General  Partner has not purchased additional equipment for the Partnership
since  2000.  The  General  Partner  believes  prices  on certain transportation
assets,  particularly  rail  equipment,  have  reached  attractive levels and is
actively looking to make investments in 2003.  The General Partner believes that
transportation  assets  purchased in today's economic environment may appreciate
when  the  economy returns to historical growth rates.  Accordingly, the General
Partner believes that most of the cash currently held by the Partnership as well
as  cash  that will be provided by additional borrowings under the Partnership's
senior debt facility will be used to purchase equipment over the next 18 months.

Factors affecting the Partnership's contribution during the year 2003 and beyond
include:

(i)     The cost of new marine containers has been at historic lows for the past
several  years,  which  has caused downward pressure on per diem lease rates for
this  type  of equipment.  In addition, during 2003, a significant number of the
Partnership's  marine  containers  currently  on  a  fixed  rate  lease  will be
switching to a lease based on utilization.  The General Partner anticipates that
this  will  result  in  a  significant  decrease  in  lease  revenues;

(ii)     Railcar  freight  loadings in the United States and Canada decreased 1%
and  3%,  respectively, through most of 2002.  There has been, however, a recent
increase  for  some  of  the  commodities  that  drive demand for those types of
railcars  owned  by the Partnership.  It will be some time, however, before this
translates  into  new  leasing  demand by shippers since most shippers have idle
railcars  in  their  fleets;

(iii)     Marine  vessel  freight rates are dependent upon the overall condition
of  the  international  economy.  Freight  rates  earned  by  the  Partnership's
partially  owned marine vessels began to decrease during the latter half of 2001
and  through most of 2002.  In the fourth quarter of 2002 and into 2003, freight
rates  for  the  Partnership's  marine vessel, which primarily carries petroleum
products,  started  to  increase  due  to  an  increase  in oil prices caused by
political  instability  in  the  Middle  East;

(iv)     The  airline  industry began to see lower passenger travel during 2001.
The  events  of  September 11, 2001, along with a recession in the United States
have  continued  to  adversely  affect  the  market demand for both new and used
commercial  aircraft  and to significantly weaken the financial position of most
major  domestic  airlines.  As  a  result  of  this,  the Partnership has had to
renegotiate  leases  on  its  owned  aircraft  and partially owned aircraft on a
direct  finance lease during 2001 that resulted in a decrease in revenues during
2002.  In addition, these events have had a negative impact on the fair value of
the  Partnership's  owned  and  partially  owned  aircraft.  A  reduction in the
carrying value of $37,000 was required during 2002 to the Partnership's aircraft
rotable  portfolio.  The  General  Partner does not expect aircraft and aircraft
rotables  to  return  to  their  September  11, 2001 values due to a significant
oversupply  of  commercial  aircraft  available  and  that  this oversupply will
continue  for  some  time;

(v)     Utilization  of  intermodal  trailers owned by the Partnership decreased
12%  in  2002  compared  to  2001.  This  decline  was similar to the decline in
industry-wide  utilization.  As the Partnership's trailers are smaller than many
shippers  prefer,  the General Partner expects continued declines in utilization
over  the  next  few years.  Additionally, one of the major shippers that leased
the  Partnership's  trailers  has entered bankruptcy.  While the Partnership did
not  have any outstanding receivables from the company, its bankruptcy may cause
a  further  decline  in  performance  of  the  trailer  fleet  in  the  future;

(vi)     The  General  Partner has seen an increase in its insurance premiums on
its  equipment  portfolio  and is finding it more difficult to find an insurance
carrier  with which to place the coverage.  Premiums for aircraft insurance have
increased over 50% and for other types of equipment the increases have been over
25%.  The  increase  in  insurance premiums caused by the increased rate will be
partially mitigated by the reduction in the value of the Partnership's equipment
portfolio caused by the events of September 11, 2001 and other economic factors.
The  General Partner has also experienced an increase in the deductible required
to  obtain  coverage.  This may have a negative impact on the Partnership in the
event  of  an  insurance  claim;  and

(vii)     The management fee rate paid by the Partnership will be reduced by 25%
for  the  period  starting  January  1,  2003  and  ending  June  30,  2005.

Several  other factors may affect the Partnership's operating performance in the
year  2003  and  beyond,  including changes in the markets for the Partnership's
equipment  and  changes  in  the  regulatory environment in which that equipment
operates.

(1)     Repricing  and  Reinvestment  Risk

Certain  portions  of  the  Partnership's  aircraft  rotables,  railcar,  marine
container,  marine  vessel, and trailer portfolios will be remarketed in 2003 as
existing  leases  expire,  exposing  the  Partnership  to considerable repricing
risk/opportunity.  Additionally,  the General Partner may select to sell certain
underperforming  equipment  or  equipment  whose  continued operation may become
prohibitively  expensive.  In  either  case,  the  General  Partner  intends  to
re-lease  or  sell  equipment  at  prevailing market rates; however, the General
Partner  cannot  predict  these future rates with any certainty at this time and
cannot  accurately  assess  the  effect  of  such activity on future Partnership
performance.  The  proceeds  from  the  sold  or  liquidated  equipment  will be
redeployed  to  purchase  additional  equipment,  as  the  Partnership is in its
reinvestment  phase.

(2)     Impact  of  Government  Regulations  on  Future  Operations

The  General  Partner  operates  the  Partnership's equipment in accordance with
current  applicable regulations (see Item 1, Section E, Government Regulations).
However, the continuing implementation of new or modified regulations by some of
the  authorities  mentioned  previously,  or  others,  may  adversely affect the
Partnership's  ability to continue to own or operate equipment in its portfolio.
Additionally,  regulatory  systems  vary  from  country  to  country,  which may
increase  the burden to the Partnership of meeting regulatory compliance for the
same  equipment  operated  between countries.  Ongoing changes in the regulatory
environment,  both in the United States and internationally, cannot be predicted
with  any  accuracy and preclude the General Partner from determining the impact
of  such  changes  on  Partnership  operations, purchases, or sale of equipment.

The  US Department of Transportation's Hazardous Materials Regulations regulates
the  classification  and packaging requirements of hazardous materials and apply
particularly  to  Partnership's  tank  railcars.  The  Federal  Railroad
Administration  has  mandated that effective July 1, 2000 all tank railcars must
be  re-qualified  every  ten  years  from  the  last test date stenciled on each
railcar  to  insure tank shell integrity.  Tank shell thickness, weld seams, and
weld  attachments  must be inspected and repaired if necessary to re-qualify the
tank  railcar  for  service.  The  average cost of this inspection is $3,600 for
jacketed  tank railcars and $1,800 for non-jacketed tank railcars, not including
any necessary repairs.  This inspection is to be performed at the next scheduled
tank  test  and  every ten years thereafter.  The Partnership currently owns 282
jacketed  tank  railcars and 179 non-jacketed tank railcars.  As of December 31,
2002,  42  jacketed tank railcars and 13 non-jacketed tank railcars of the fleet
will  need  to  be  re-qualified  in  2003  or  2004.

During the fourth quarter of 2002, the Partnership reduced the net book value of
84  owned  tank  railcars in its railcar fleet to their fair value of $2,000 per
railcar, and recorded a $0.7 million impairment loss.  The impairment was caused
by  a  general recall due to a manufacturing defect allowing extensive corrosion
of  the  railcars' internal lining.  Repairing the railcars was determined to be
cost prohibitive.  The fair value of railcars with this defect was determined by
using  industry  expertise.  These  railcars  were  off  lease.

Ongoing  changes  in  the  regulatory environment, both in the United States and
internationally,  cannot  be  predicted  with accuracy, and preclude the General
Partner  from  determining the impact of such changes on Partnership operations,
purchases,  or  sale  of  equipment.

(K)     Distribution  Levels  and  Additional  Capital  Resources

Pursuant  to  the  amended  limited  partnership agreement, the Partnership will
cease  to  reinvest surplus cash in additional equipment beginning on January 1,
2005.  Prior  to that date, the General Partner intends to continue its strategy
of  selectively redeploying equipment to achieve competitive returns, or selling
equipment  that  is  underperforming  or  whose  operation becomes prohibitively
expensive.  During  this  time,  the  Partnership  will use operating cash flow,
proceeds  from  the sale of equipment, and additional debt to meet its operating
obligations,  make  distributions  to  the  partners,  and  acquire  additional
equipment.  In  the  long  term,  changing  market conditions and used-equipment
values  may  preclude the General Partner from accurately determining the impact
of future re-leasing activity and equipment sales on Partnership performance and
liquidity.  Consequently,  the  General  Partner  cannot  establish  future
distribution  levels  with  any  certainty  at  this  time.

The  General Partner believes that sufficient cash flow will be available in the
future  for  repayment  of  debt  and  to  meet  Partnership operating cash flow
requirements.

<PAGE>

ITEM  7A.     QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK
              ----------------------------------------------------------------

The  Partnership's  primary  market  risk  exposure is that of interest rate and
currency  devaluation  risk.

The  Partnership's senior secured note is a variable rate debt.  The Partnership
estimates  a  1%  increase  or  decrease in the Partnership's variable rate debt
would  result  in  an increase or decrease, respectively, in interest expense of
$0.1  million  in 2003 and $0.2 million thereafter.  The Partnership estimates a
2%  increase or decrease in the Partnership's variable rate debt would result in
an  increase  or  decrease, respectively, in interest expense of $0.2 million in
2003  and  $0.3  million  thereafter.

During  2002,  68%  of  the  Partnership's  total lease revenues from wholly and
jointly  owned equipment came from non-United States domiciled lessees.  Most of
the  Partnership's  leases  require  payment  in US currency.  If these lessees'
currency devalues against the US dollar, the lessees could potentially encounter
difficulty  in  making  the  US  dollar  denominated  lease  payments.

ITEM  8.     FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA
             -----------------------------------------------

The  financial  statements  for  the  Partnership  are  listed  in  the Index to
Financial  Statements included in Item 15(a) of this Annual Report on Form 10-K.

ITEM  9.     CHANGES  IN  AND  DISAGREEMENTS  WITH ACCOUNTANTS ON ACCOUNTING AND
             -------------------------------------------------------------------
FINANCIAL  DISCLOSURE
    -----------------

(A)     Disagreements  with  Accountants on Accounting and Financial Disclosures

None

(B)     Changes  in  Accountants

In  September  2001,  the  General  Partner  announced  that the Partnership had
engaged  Deloitte  &  Touche LLP as the Partnership's auditors and had dismissed
KPMG  LLP.  KPMG  LLP  issued  an  unqualified  opinion  on  the  2000 financial
statement.  During  2000  and  the  subsequent  interim  period  preceding  such
dismissal, there were no disagreements with KPMG LLP on any matter of accounting
principles  or  practices,  financial statement disclosure, or auditing scope or
procedure.


<PAGE>
                                    PART III

ITEM  10.     DIRECTORS  AND  EXECUTIVE OFFICERS OF PLM FINANCIAL SERVICES, INC.
              ------------------------------------------------------------------

As  of  the  date of this annual report, the directors and executive officers of
PLM  Financial  Services,  Inc. (and key executive officers of its subsidiaries)
are  as  follows:
<TABLE>
<CAPTION>


Name             Age  Position
==============================================================================
<S>             <C>     <C>

Gary D. Engle .  53   Director, PLM Financial Services, Inc., PLM Investment
                      Management, Inc., and PLM Transportation Equipment Corp.

James A. Coyne   42   Director, Secretary and President, PLM Financial
                      Services, Inc. and PLM Investment Management, Inc.,
                      Director and Secretary, PLM Transportation Equipment Corp.

Richard K Brock  40   Director and Chief Financial Officer, PLM Financial
                      Services, Inc., PLM Investment Management, Inc. and
                      PLM Transportation Equipment Corp.
</TABLE>


Gary  D.  Engle  was  appointed  a  Director  of PLM Financial Services, Inc. in
January  2002.  He  was  appointed  a  director  of  PLM  International, Inc. in
February  2001.  He  is a director and President of MILPI Holdings, LLC (MILPI).
Since  November 1997, Mr. Engle has been Chairman and Chief Executive Officer of
Semele Group Inc. ("Semele"), a publicly traded company.  Mr. Engle is President
and Chief Executive Officer of Equis Financial Group ("EFG"), which he joined in
1990 as Executive Vice President.  Mr. Engle purchased a controlling interest in
EFG  in  December  1994.  He  is  also  President  of  AFG  Realty,  Inc.

James A. Coyne was appointed President of PLM Financial Services, Inc. in August
2002.  He was appointed a Director and Secretary of PLM Financial Services, Inc.
in  April  2001.  He  was  appointed  a  director  of PLM International, Inc. in
February  2001.   He  is a director, Vice President and Secretary of MILPI.  Mr.
Coyne has been a director, President and Chief Operating Officer of Semele since
1997.  Mr.  Coyne  is Executive Vice President of Equis Corporation, the general
partner of EFG.  Mr. Coyne joined EFG in 1989, remained until 1993, and rejoined
in  November  1994.

Richard  K  Brock  was  appointed  a Director and Chief Financial Officer of PLM
Financial  Services,  Inc.  in August 2002.  From June 2001 through August 2002,
Mr.  Brock was a consultant to various leasing companies including PLM Financial
Services, Inc.  From October 2000 through June 2001, Mr. Brock was a Director of
PLM  Financial  Services, Inc.  Mr. Brock was appointed Vice President and Chief
Financial Officer of PLM International, Inc. and PLM Financial Services, Inc. in
January  2000,  having  served as Acting Chief Financial Officer since June 1999
and  as  Vice  President and Corporate Controller of PLM International, Inc. and
PLM  Financial  Services,  Inc.  since June 1997.  Prior to June 1997, Mr. Brock
served  as  an  accounting  manager at PLM Financial Services, Inc. beginning in
September  1991  and as Director of Planning and General Accounting beginning in
February  1994.

The directors of PLM Financial Services, Inc. are elected for a one-year term or
until their successors are elected and qualified.  No family relationships exist
between  any  director or executive officer of PLM Financial Services, Inc., PLM
Transportation  Equipment  Corp.,  or  PLM  Investment  Management,  Inc.

ITEM  11.     EXECUTIVE  COMPENSATION
              -----------------------

The  Partnership  has no directors, officers, or employees.  The Partnership had
no  pension, profit sharing, retirement, or similar benefit plan in effect as of
December  31,  2002.

<PAGE>
ITEM  12.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT
              ------------------------------------------------------------------

(A)     Security  Ownership  of  Certain  Beneficial  Owners

          The  General  Partner  is  generally  entitled to a 5% interest in the
profits  and  losses  (subject  to  certain  allocations  of  income),  and
distributions.  As  of  December  31, 2002, no investor was known by the General
Partner to beneficially own more than 5% of the limited partnership units of the
Partnership.

     (B)     Security  Ownership  of  Management

          Neither  the  General  Partner  and  its  affiliates nor any executive
officer  or director of the General Partner and its affiliates owned any limited
partnership  units  of  the  Partnership  as  of  December  31,  2002.

ITEM  13.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS
              --------------------------------------------------

     (A)     Transactions  with  Management  and  Others

During  2002,  the  Partnership paid or accrued the following fees to FSI or its
affiliates:  management  fees,  $0.5  million;  and  administrative  and  data
processing  services  performed  on  behalf  of  the  Partnership, $0.2 million.

During  2002, the Partnership's proportional share of ownership in USPEs paid or
accrued  the following fees to FSI or its affiliates (based on the Partnership's
proportional  share  of  ownership):  management  fees,  $0.2  million;  and
administrative  and  data  processing  services,  $0.1  million.

The  balance due to affiliates as of December 31, 2002 includes $0.1 million due
to  FSI  and  its affiliates for management fees and $1.3 million due to a USPE.

ITEM  14.     CONTROLS  AND  PROCEDURES
              -------------------------

Based on their evaluation as of a date within 90 days of the filing of this Form
10-K,  the Partnership's principal Executive Officer and Chief Financial Officer
have  concluded  that  the  Partnership's disclosure controls and procedures are
effective  to  ensure  that  information required to be disclosed in the reports
that  the Partnership files or submits under the Securities Exchange Act of 1934
is  recorded,  processed,  summarized  and  reported  within  the  time  periods
specified  in  the  Securities and Exchange Commission's rules and forms.  There
have  been  no  significant changes in the Partnership's internal controls or in
other  factors  that could significantly affect those controls subsequent to the
date  of  their  evaluation.


                                     PART IV

ITEM  15.     EXHIBITS,  FINANCIAL  STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
              ------------------------------------------------------------------

     (A)  1.     Financial  Statements

     The  financial  statements  listed  in  the accompanying Index to Financial
     Statements  are  filed  as  part  of  this  Annual  Report  on  Form  10-K.

          2.     Financial  Statements  required  under Regulation S-X Rule 3-09

The  following  financial statements are filed as Exhibits of this Annual Report
on  Form  10-K:

a.     Aero  California  Trust  (A  Trust)
b.     Lion  Partnership
c.     Boeing  737-200  Trust  S/N  24700
d.     Pacific  Source  Partnership

<PAGE>
     (B)     Financial  Statement  Schedule

     Schedule  II  Valuation  and  Qualifying  Accounts

All  other  financial  statement  schedules  have  been omitted, as the required
information  is  not  pertinent to the registrant or is not material, or because
the  information  required  is  included  in  the financial statements and notes
thereto.

     (C)     Reports  on  Form  8-K

               None.

     (D)     Exhibits

     4.     Limited  Partnership  Agreement of Partnership, incorporated by
reference  to  the  Partnership's  Registration  Statement on Form S-1 (Reg. No.
33-40093)  which became effective with the Securities and Exchange Commission on
December  23,  1991.

     4.1     Second  Amendment  to  the Amended and Restated Limited Partnership
Agreement  dated August 24, 2001, incorporated by reference to the Partnership's
Form  10-K  dated  December  31,  2001  filed  with  the Securities and Exchange
Commission  on  March  26,  2002.

     10.1     Management  Agreement  between  Partnership  and  PLM  Investment
Management,  Inc.  incorporated  by  reference to the Partnership's Registration
Statement  on  Form  S-1  (Reg.  No.  33-40093)  which became effective with the
Securities  and  Exchange  Commission  on  December  23,  1991.

     10.2     Note  Agreement,  dated  as  of December 21, 2001, regarding $30.0
million  term loan notes due December 21, 2006, incorporated by reference to the
Partnership's  Form  10-K  dated December 31, 2001 filed with the Securities and
Exchange  Commission  on  March  26,  2002.

     10.3     Warehousing  Credit  Agreement  dated  as  of  April  13,  2001,
incorporated  by  reference  to the Partnership's Form 10-Q dated March 31, 2001
filed  with  the  Securities  and  Exchange  Commission  on  May  9,  2001.

10.4     First  amendment  to the Warehouse Credit Agreement, dated December 21,
2001,  incorporated  by  reference to the Partnership's Form 10-K dated December
31,  2001  filed  with the Securities and Exchange Commission on March 26, 2002.

10.5     Second  amendment  to  the  Warehouse Credit Agreement, dated April 12,
2002,  incorporated  by reference to the Partnership's Form 10-Q dated March 31,
2002  filed  with  the  Securities  and  Exchange  Commission  on  May  7, 2002.

10.6     Third amendment to the Warehouse Credit Agreement, dated July 11, 2002,
incorporated  by  reference  to  the Partnership's Form 10-Q dated June 30, 2002
filed  with  the  Securities  and  Exchange  Commission  on  August  14,  2002.

10.7     October  2002  purchase  agreement between PLM Transportation Equipment
Corp.,  Inc.  and  Trinity  Tank  Car,  Inc.  incorporated  by  reference to the
Partnership's  Form  10-Q dated September 30, 2002 filed with the Securities and
Exchange  Commission  on  November  14,  2002.

Financial  Statements  required  under  Regulation  S-X  Rule  3-09:

99.1     Aero  California  Trust

99.2     Lion  Partnership

99.3     Boeing  737-200  Trust  S/N  24700

99.4     Pacific  Source  Partnership

<PAGE>
------
CONTROL  CERTIFICATION
----------------------



I,  James  A.  Coyne,  certify  that:

1.     I  have  reviewed this annual report on Form 10-K of PLM Equipment Growth
Fund  VI.

2.     Based  on  my  knowledge,  this annual report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this annual
report;

3.     Based  on  my  knowledge,  the  financial statements, and other financial
information  included  in  this  annual  report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
registrant  as  of,  and  for,  the  periods  presented  in  this annual report;

4.     The  registrant's  other  certifying  officer  and  I are responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  registrant  and  we  have:

a)     designed  such disclosure controls and procedures to ensure that material
information  relating  to  the  registrant  is  made  known  to  us  by  others,
particularly  during  the  period  in  which  this  annual  report  is prepared;

b)     evaluated  the  effectiveness of the registrant's disclosure controls and
procedures  as  of a date within 90 days prior to the filing date of this annual
report  (the  "Evaluation  Date");  and

c)     presented  in  this annual report our conclusions about the effectiveness
of  the  disclosure  controls  and  procedures based on our evaluation as of the
Evaluation  Date;

5.     The  registrant's other certifying officer and I have disclosed, based on
our  most recent evaluation, to the registrant's auditors and board of Managers:

a)     all  significant  deficiencies  in  the  design  or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
registrant's  auditors  any  material  weaknesses  in  internal  controls;  and

b)     any  fraud,  whether  or  not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6.     The  registrant's  other  certifying officer and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard  to  significant  deficiencies  and  material  weaknesses.




Date:  March  26,  2003     By:     /s/  James  A.  Coyne
                                    ---------------------
                                    James  A.  Coyne
                                    President
                                   (Principal  Executive  Officer)


<PAGE>

CONTROL  CERTIFICATION
----------------------



I,  Richard  K  Brock,  certify  that:

1.     I  have  reviewed this annual report on Form 10-K of PLM Equipment Growth
Fund  VI.

2.     Based  on  my  knowledge,  this annual report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this annual
report;

3.     Based  on  my  knowledge,  the  financial statements, and other financial
information  included  in  this  annual  report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
registrant  as  of,  and  for,  the  periods  presented  in  this annual report;

4.     The  registrant's  other  certifying  officer  and  I are responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  registrant  and  we  have:

a)     designed  such disclosure controls and procedures to ensure that material
information  relating  to  the  registrant  is  made  known  to  us  by  others,
particularly  during  the  period  in  which  this  annual  report  is prepared;

b)     evaluated  the  effectiveness of the registrant's disclosure controls and
procedures  as  of a date within 90 days prior to the filing date of this annual
report  (the  "Evaluation  Date");  and

c)     presented  in  this annual report our conclusions about the effectiveness
of  the  disclosure  controls  and  procedures based on our evaluation as of the
Evaluation  Date;

5.     The  registrant's other certifying officer and I have disclosed, based on
our  most recent evaluation, to the registrant's auditors and board of Managers:

a)     all  significant  deficiencies  in  the  design  or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
registrant's  auditors  any  material  weaknesses  in  internal  controls;  and

b)     any  fraud,  whether  or  not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6.     The  registrant's  other  certifying officer and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard  to  significant  deficiencies  and  material  weaknesses.




Date:  March  26,  2003     By:     /s/  Richard  K  Brock
                                    ----------------------
                                    Richard  K  Brock
                                    Chief  Financial  Officer
                                   (Principal  Financial  Officer)





<PAGE>

                                   SIGNATURES

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

The Partnership has no directors or officers.  The General Partner has signed on
behalf  of  the  Partnership  by  duly  authorized  officers.


Dated:  March  26,  2003     PLM  EQUIPMENT  GROWTH  FUND  VI
     PARTNERSHIP

     By:     PLM  Financial  Services,  Inc.
          General  Partner


     By:     /s/  James  A.  Coyne
             ---------------------
             James  A.  Coyne
             President


     By:     /s/  Richard  K  Brock
             ----------------------
             Richard  K  Brock
             Chief  Financial  Officer

CERTIFICATION

The undersigned hereby certifies, in their capacity as an officer of the General
Partner  of  PLM  Equipment  Growth  Fund  VI (the Partnership), that the Annual
Report  of  the  Partnership  on Form 10-K for the year ended December 31, 2002,
fully complies with the requirements of Section 13(a) of the Securities Exchange
Act  of  1934 and that the information contained in such report fairly presents,
in  all material respects, the financial condition of the Partnership at the end
of such period and the results of operations of the Partnership for such period.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed  below by the following directors of the Partnership's General
Partner  on  the  dates  indicated.


Name                         Capacity     Date
----                         --------     ----




/s/  Gary  D.  Engle_________
-----------------------------
Gary  D.  Engle          Director,  FSI     March  26,  2003




/s/  James  A.  Coyne_______
----------------------------
James  A.  Coyne          Director,  FSI     March  26,  2003




/s/  Richard  K  Brock______
----------------------
Richard  K  Brock          Director,  FSI     March  26,  2003


<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          INDEX TO FINANCIAL STATEMENTS

                                  (Item 15(a))


                                                             Page
                                                             ----

Independent  auditors'  reports                             33-34

Balance  sheets  as  of  December  31,  2002  and  2001        35

Statements  of  operations  for  the  years  ended
     December  31,  2002,  2001,  and  2000                    36

Statements  of  changes  in  partners'  capital  for  the
     years  ended  December  31,  2002,  2001,  and  2000      37

Statements  of  cash  flows  for  the  years  ended
     December  31,  2002,  2001,  and  2000                    38

Notes  to  financial  statements                            39-54

Independent  auditors'  reports  on  financial  statement
   schedule                                                 55-56

Schedule  II  valuation  and  qualifying  accounts             57



<PAGE>








INDEPENDENT  AUDITORS'  REPORT



The  Partners
PLM  Equipment  Growth  Fund  VI:


We have audited the accompanying balance sheets of PLM Equipment Growth Fund VI,
a limited partnership (the "Partnership"), as of December 31, 2002 and 2001, and
the  related  statements  of  operations, changes in partners' capital, and cash
flows  for  the  years  then  ended.  These  financial  statements  are  the
responsibility  of  the  Partnership's  management.  Our  responsibility  is  to
express  an  opinion  on  these  financial  statements  based  on  our  audits.

We conducted our audits in accordance with auditing standards generally accepted
in  the  United  States  of  America.  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,  such  financial  statements  present  fairly, in all material
respects,  the financial position of the Partnership as of December 31, 2002 and
2001,  and  the  results of its operations and its cash flows for the years then
ended  in conformity with accounting principles generally accepted in the United
States  of  America.




/s/  Deloitte  &  Touche  LLP
Certified  Public  Accountants

Tampa,  Florida
March  7,  2003

<PAGE>








INDEPENDENT  AUDITORS'  REPORT



The  Partners
PLM  Equipment  Growth  Fund  VI:


We  have audited the accompanying statements of operations, changes in partners'
capital  and  cash  flows of PLM Equipment Growth Fund V ("the Partnership") for
the  year  ended  December  31,  2000.  These  financial  statements  are  the
responsibility  of  the  Partnership's  management.  Our  responsibility  is  to
express  an  opinion  on  these  financial  statements  based  on  our  audit.

We  conducted our audit in accordance with auditing standards generally accepted
in  the  United  States  of  America.  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  audit  provides  a
reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects, the results of operations and cash flows of PLM Equipment
Growth  Fund  VI  for  the  year  ended  December  31,  2000  in conformity with
accounting  principles  generally  accepted  in  the  United  States of America.




/s/  KPMG  LLP

SAN  FRANCISCO,  CALIFORNIA
March  12,  2001

<PAGE>
<TABLE>
<CAPTION>



<PAGE>
                                PLM EQUIPMENT GROWTH FUND VI
                                  (A LIMITED PARTNERSHIP)
                                      BALANCE SHEETS
                                       DECEMBER 31,
                       (in thousands of dollars, except unit amounts)

                                                                              2002       2001
                                                                            ---------  ---------
ASSETS
<S>                                                                         <C>        <C>
Equipment held for operating leases. . . . . . . . . . . . . . . . . . . .  $ 62,686   $ 63,694
Less accumulated depreciation. . . . . . . . . . . . . . . . . . . . . . .   (44,382)   (40,487)
                                                                            ---------  ---------
  Net equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    18,304     23,207


Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . .     8,286      8,051
Restricted cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       410        425
Accounts receivable, less allowance for doubtful accounts of
    $425 in 2002 and $380 in 2001. . . . . . . . . . . . . . . . . . . . .       944      1,394
Investments in unconsolidated special-purpose entities . . . . . . . . . .    12,625     15,223
Lease negotiation fees to affiliate, less accumulated
    amortization of $320 in 2002 and $178 in 2001. . . . . . . . . . . . .        66         75
Debt issuance costs, less accumulated amortization
    of $48 in 2002 and $122 in 2001. . . . . . . . . . . . . . . . . . . .       276        310
Debt placement fees to affiliate, less accumulated
    amortization of $118 in 2001 . . . . . . . . . . . . . . . . . . . . .        --         30
Prepaid expenses and other assets. . . . . . . . . . . . . . . . . . . . .       273         77
                                                                            ---------  ---------
      Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 41,184   $ 48,792
                                                                            =========  =========
LIABILITIES AND PARTNERS' CAPITAL

Liabilities
Accounts payable and accrued expenses. . . . . . . . . . . . . . . . . . .  $    449   $    317
Due to affiliates. . . . . . . . . . . . . . . . . . . . . . . . . . . . .     1,391        947
Lessee deposits and reserve for repairs. . . . . . . . . . . . . . . . . .        18         30
Notes payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    12,750     20,000
                                                                            ---------  ---------
  Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . .    14,608     21,294
                                                                            ---------  ---------
Commitments and contingencies

Partners' capital
Limited partners (7,730,965 limited partnership units outstanding in 2002
      and 7,781,898 limited partnership units outstanding in 2001) . . . .    26,576     27,498
General Partner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        --         --
                                                                            ---------  ---------
  Total partners' capital. . . . . . . . . . . . . . . . . . . . . . . . .    26,576     27,498
                                                                            ---------  ---------
      Total liabilities and partners' capital. . . . . . . . . . . . . . .  $ 41,184   $ 48,792
                                                                            =========  =========
</TABLE>












                 See accompanying notes to financial statements.

<PAGE>

                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                            STATEMENTS OF OPERATIONS
                        FOR THE YEARS ENDED DECEMBER 31,
         (In thousands of dollars, except weighted-average unit amounts)

<TABLE>
<CAPTION>


                                                      2002      2001      2000
                                                    --------  --------  --------
REVENUES
<S>                                                 <C>       <C>       <C>
Lease revenue. . . . . . . . . . . . . . . . . . .  $ 9,502   $11,669   $17,526
Interest and other income. . . . . . . . . . . . .      177       663       253
Gain on disposition of equipment . . . . . . . . .      203     1,077     2,192
Loss on disposition of equipment . . . . . . . . .       --        --       (45)
                                                    --------  --------  --------
  Total revenues . . . . . . . . . . . . . . . . .    9,882    13,409    19,926
                                                    --------  --------  --------
EXPENSES

Depreciation and amortization. . . . . . . . . . .    3,881     6,144     8,897
Repairs and maintenance. . . . . . . . . . . . . .    1,345     1,550     1,956
Equipment operating expenses . . . . . . . . . . .       69       494     2,034
Insurance expenses . . . . . . . . . . . . . . . .      152       119       195
Management fees to affiliate . . . . . . . . . . .      526       645       963
Interest expense . . . . . . . . . . . . . . . . .      916     1,956     2,059
General and administrative expenses to affiliates.      175       440       659
Other general and administrative expenses. . . . .    2,163     1,128     1,193
Loss on impairment of equipment. . . . . . . . . .      769        --       374
Provision for (recovery of) bad debts. . . . . . .       61       (15)     (720)
                                                    --------  --------  --------
    Total expenses . . . . . . . . . . . . . . . .   10,057    12,461    17,610
                                                    --------  --------  --------

Equity in net loss of unconsolidated
    special-purpose entities . . . . . . . . . . .     (921)     (935)   (1,904)
                                                    --------  --------  --------
      Net income (loss). . . . . . . . . . . . . .  $(1,096)  $    13   $   412
                                                    ========  ========  ========

PARTNERS' SHARE OF NET INCOME (LOSS)

Limited partners . . . . . . . . . . . . . . . . .  $(1,096)  $   (73)  $  (278)
General Partner. . . . . . . . . . . . . . . . . .       --        86       690
                                                    --------  --------  --------

Total. . . . . . . . . . . . . . . . . . . . . . .  $(1,096)  $    13   $   412
                                                    ========  ========  ========
Limited partner's net loss per
    weighted-average limited partnership unit. . .  $ (0.14)  $ (0.01)  $ (0.03)
                                                    ========  ========  ========
</TABLE>














                 See accompanying notes to financial statements.

<PAGE>

                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
              FOR THE YEARS ENDED DECEMBER 31, 2002, 2001, AND 2000
                            (in thousands of dollars)

<TABLE>
<CAPTION>


                                                  Limited     General
                                                  Partners    Partner     Total
                                                 ----------  ---------  ---------
<S>                                              <C>         <C>        <C>
  Partners' capital as of December 31, 1999 . .  $  45,021   $     --   $ 45,021

Net income (loss) . . . . . . . . . . . . . . .       (278)       690        412

Purchase of limited partnership units . . . . .        (17)        --        (17)

Cash distribution . . . . . . . . . . . . . . .    (13,104)      (690)   (13,794)
                                                 ----------  ---------  ---------
  Partners' capital as of December 31, 2000 . .     31,622         --     31,622

Net income (loss) . . . . . . . . . . . . . . .        (73)        86         13

Purchase of limited partnership units . . . . .     (2,765)        --     (2,765)

Cash distribution . . . . . . . . . . . . . . .     (1,286)       (86)    (1,372)
                                                 ----------  ---------  ---------
  Partners' capital as of December 31, 2001 . .     27,498         --     27,498

Net loss. . . . . . . . . . . . . . . . . . . .     (1,096)        --     (1,096)

Canceled purchase of limited partnership units.        174         --        174
                                                 ----------  ---------  ---------
  Partners' capital as of December 31, 2002 . .  $  26,576   $     --   $ 26,576
                                                 ==========  =========  =========
</TABLE>

























                 See accompanying notes to financial statements.

<PAGE>


<PAGE>

<PAGE>

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                            STATEMENTS OF CASH FLOWS
                        FOR THE YEARS ENDED DECEMBER 31,
                            (in thousands of dollars)
<TABLE>
<CAPTION>

<S>                                                                 <C>        <C>        <C>
                                                                        2002       2001       2000
                                                                    ---------  ---------  ---------
OPERATING ACTIVITIES
Net income (loss). . . . . . . . . . . . . . . . . . . . . . . . .  $ (1,096)  $     13   $    412
Adjustments to reconcile net income (loss)
    to net cash provided by (used in) operating activities:
  Depreciation and amortization. . . . . . . . . . . . . . . . . .     3,881      6,144      8,897
  Amortization of debt issuance costs and debt placement fees. . .       182         30         30
  Loss on impairment of equipment. . . . . . . . . . . . . . . . .       769         --        373
  Net gain on disposition of equipment . . . . . . . . . . . . . .      (203)    (1,077)    (2,147)
  Equity in net loss from unconsolidated special-purpose entities.       921        935      1,904
  Changes in operating assets and liabilities:
    Accounts receivable, net . . . . . . . . . . . . . . . . . . .       533        588       (578)
    Prepaid expenses and other assets. . . . . . . . . . . . . . .      (196)        24        (43)
    Accounts payable and accrued expenses. . . . . . . . . . . . .       132       (814)       (49)
    Due to affiliates. . . . . . . . . . . . . . . . . . . . . . .       465        105        479
    Lessee deposits and reserve for repairs. . . . . . . . . . . .       (12)      (119)        59
                                                                    ---------  ---------  ---------
      Net cash provided by operating activities. . . . . . . . . .     5,376      5,829      9,337
                                                                    ---------  ---------  ---------

INVESTING ACTIVITIES
Payments for purchase of equipment and capitalized repairs . . . .       (10)        (2)      (955)
Investments in, and equipment purchased and placed in,
   unconsolidated special-purpose entities . . . . . . . . . . . .        --       (632)        --
Distribution from unconsolidated special-purpose entities. . . . .     1,656      3,346      2,760
Distribution from liquidation of unconsolidated special-purpose
    entities . . . . . . . . . . . . . . . . . . . . . . . . . . .        --      2,254         88
Payments of acquisition fees to affiliate. . . . . . . . . . . . .        --       (678)        --
Payments of lease negotiation fees to affiliate. . . . . . . . . .        (1)      (150)        --
Proceeds from disposition of equipment . . . . . . . . . . . . . .       382      3,711      9,138
                                                                    ---------  ---------  ---------
      Net cash provided by investing activities. . . . . . . . . .     2,027      7,849     11,031
                                                                    ---------  ---------  ---------

FINANCING ACTIVITIES
Payments of notes payable. . . . . . . . . . . . . . . . . . . . .   (22,250)   (10,000)        --
Proceeds from notes payable. . . . . . . . . . . . . . . . . . . .    15,000         --         --
Payment of debt placement fees . . . . . . . . . . . . . . . . . .      (118)      (280)        --
Decrease (increase) in restricted cash . . . . . . . . . . . . . .        15       (425)        --
Proceeds from short-term note payable. . . . . . . . . . . . . . .        --         --        600
Payments of short-term note payable. . . . . . . . . . . . . . . .        --         --       (600)
Purchase of limited partnership units. . . . . . . . . . . . . . .        --     (2,776)       (17)
Canceled purchase of limited partnership units . . . . . . . . . .       174         --         --
Refund from limited partnership units not eligible for purchase. .        11         --         --
Cash distribution paid to limited partners . . . . . . . . . . . .        --     (1,286)   (13,104)
Cash distribution paid to General Partner. . . . . . . . . . . . .        --        (86)      (690)
                                                                    ---------  ---------  ---------
      Net cash used in financing activities. . . . . . . . . . . .    (7,168)   (14,853)   (13,811)
                                                                    ---------  ---------  ---------

Net increase (decrease) in cash and cash equivalents . . . . . . .       235     (1,175)     6,557
Cash and cash equivalents at beginning of year . . . . . . . . . .     8,051      9,226      2,669
                                                                    ---------  ---------  ---------
Cash and cash equivalents at end of year . . . . . . . . . . . . .  $  8,286   $  8,051   $  9,226
                                                                    =========  =========  =========

SUPPLEMENTAL INFORMATION
Interest paid. . . . . . . . . . . . . . . . . . . . . . . . . . .  $    641   $  1,954   $  2,029
                                                                    =========  =========  =========
Noncash transfer of equipment at net book value from
  unconsolidated special-purpose entities. . . . . . . . . . . . .  $     --   $     --   $  1,878
                                                                    =========  =========  =========
</TABLE>



                 See accompanying notes to financial statements.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

1.     Basis  of  Presentation
       -----------------------

Organization
------------

PLM  Equipment  Growth  Fund  VI,  a  California  limited  partnership  (the
Partnership),  was formed on April 17, 1991 to engage in the business of owning,
leasing  or  otherwise  investing  in  primarily used transportation and related
equipment.  PLM  Financial  Services,  Inc.  (FSI) is the General Partner of the
Partnership.  FSI  is  a wholly owned subsidiary of PLM International, Inc. (PLM
International  or  PLMI).

FSI  manages  the  affairs  of  the  Partnership.  The cash distributions of the
Partnership  are  generally  allocated 95% to the limited partners and 5% to the
General  Partner.  Net  income is allocated to the General Partner to the extent
necessary  to cause the General Partner's capital account to equal zero (see Net
Income  (Loss)  and  Distributions  Per  Limited  Partnership  Unit below).  The
General  Partner  is  also  entitled  to receive a subordinated incentive fee as
defined  in the limited partnership agreement after the limited partners receive
a  minimum  return  on,  and  a  return  of,  their  invested  capital.

     The  Partnership  is  currently in its investment phase during which it may
invest  cash  from  operations  and  equipment  sale  proceeds  into  additional
equipment  until  December  31, 2004.  During that time, the General Partner may
purchase  additional  equipment,  consistent  with  the  objectives  of  the
Partnership.  The Partnership will terminate December 31, 2011 unless terminated
earlier  upon  the  sale  of  all  equipment  or  by  certain  other  events.

Estimates
---------

These financial statements have been prepared on the accrual basis of accounting
in accordance with accounting principles generally accepted in the United States
of  America.  This  requires  management  to make estimates and assumptions that
affect the reported amounts of assets and liabilities, disclosures of contingent
assets and liabilities at the date of the financial statements, and the reported
amounts  of  revenues  and expenses during the reporting period.  Actual results
could  differ  from  those  estimates.

Operations
----------

The  equipment  of  the  Partnership  is  managed, under a continuing management
agreement,  by  PLM Investment Management, Inc. (IMI), a wholly owned subsidiary
of FSI.  IMI receives a monthly management fee from the Partnership for managing
the  equipment  (see  Note  2). FSI, in conjunction with its subsidiaries, sells
equipment  to  investor  programs  and third parties, manages pools of equipment
under  agreements  with  investor  programs,  and  is a general partner of other
programs.

Accounting  for  Leases
-----------------------

The  Partnership's  leasing  operations  generally  consist of operating leases.
Under  the  operating  lease method of accounting, the lessor records the leased
asset  at  cost and depreciates the leased asset over its estimated useful life.
Rental  payments  are  recorded  as  revenue  over  the  lease term as earned in
accordance  with  Statement  of  Financial  Accounting  Standards (SFAS) No. 13,
"Accounting  for Leases" (SFAS No. 13).  Lease origination costs are capitalized
and  amortized over the term of the lease.  Periodically, the Partnership leases
equipment with lease terms that qualify for direct finance lease classification,
as  required  by  SFAS  No.  13.

Depreciation  and  Amortization
-------------------------------

Depreciation  of  transportation equipment held for operating leases is computed
on  the  double-declining  balance method, taking a full month's depreciation in
the  month  of  acquisition,  based  upon estimated useful lives of 15 years for
railcars  and  12  years  for  all  other equipment.  The depreciation method is
changed  to  straight  line  when  the  annual  depreciation  expense  using the
straight-line  method  exceeds  that  calculated by the double-declining balance
method.  Acquisition  fees  and  certain  other  acquisition  costs  have  been
capitalized  as  part of the cost of the equipment.  Major expenditures that are
expected  to  extend   the  useful  lives  or  reduce  future  operating
expenses  of  equipment  are  capitalized  and

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

1.     Basis  of  Presentation  (continued)
       -----------------------

Depreciation  and  Amortization  (continued)
-------------------------------

amortized over the estimated remaining life of the equipment.  Lease negotiation
fees  are  amortized over the initial equipment lease term.  Debt issuance costs
and  debt  placement  fees  are  amortized  over  the term of the loan using the
straight-line  method  that  approximates  the effective interest method and are
included  in  interest expense in the accompanying statements of operations (see
Note  7).

Transportation  Equipment
-------------------------

Equipment  held  for  operating  leases  is  stated  at  cost.

In  accordance  with  SFAS No. 121, "Accounting for the Impairment of Long-Lived
Assets  and for Long-Lived Assets to Be Disposed Of" (SFAS No. 121), the General
Partner reviewed the carrying values of the Partnership's equipment portfolio at
least  quarterly and whenever circumstances indicated that the carrying value of
an  asset  may  not be recoverable due to expected future market conditions.  If
the  projected  undiscounted  cash flows and the fair value of the equipment was
less  than the carrying value of the equipment, an impairment loss was recorded.

In October 2001, the Financial Accounting Standards Board (FASB) issued SFAS No.
144,  "Accounting for the Impairment or Disposal of Long-Lived Assets" (SFAS No.
144),  which  replaces  SFAS  No.  121.  In  accordance  with  SFAS No. 144, the
Partnership  evaluates  long-lived  assets  for  impairment  whenever  events or
circumstances  indicate  that  the  carrying  values  of  such assets may not be
recoverable.  Losses  for  impairment  are recognized when the undiscounted cash
flows estimated to be realized from a long-lived asset are determined to be less
than  the  carrying  value  of  the  asset and the carrying amount of long-lived
assets  exceed  its  fair  value.  The  determination  of fair value for a given
investment requires several considerations, including but not limited to, income
expected  to  be  earned  from  the asset, estimated sales proceeds, and holding
costs  excluding  interest.  The Partnership applied the new rules on accounting
for  the  impairment or disposal of long-lived assets beginning January 1, 2002.

The  estimate  of  the fair value of the Partnership's owned and partially owned
equipment  is based on the opinion of the Partnership's equipment managers using
data,  reasoning  and  analysis  of  prevailing  market  conditions  of  similar
equipment,  data  from  recent purchases, independent third party valuations and
discounted  cash flows.  The events of September 11, 2001, along with the change
in general economic conditions in the United States, have continued to adversely
affect  the market demand for both new and used commercial aircraft and weakened
the  financial position of several airlines.  Aircraft condition, age, passenger
capacity,  distance  capability,  fuel  efficiency,  and other factors influence
market  demand  and  market  values  for  passenger  jet  aircraft.

The  Partnership has recorded write-downs of certain owned equipment and certain
partially owned aircraft, representing impairment to the carrying value.  During
2000, the downturn in the United States economy indicated to the General Partner
that  an  impairment  may exist with certain of the equipment owned or partially
owned  by  the  Partnership.  Based  on  the  equipment fair value determined by
unaffiliated  Partnership  equipment  managers,  a $0.4 million reduction to the
carrying  value  of  owned  aircraft  equipment  was  required.  During 2001, an
unconsolidated  special-purpose  entitiy  (USPE) owning two Stage III commercial
aircraft  on  a  direct  finance lease reduced its net investment in the finance
lease  receivable  due  to  a  series  of  lease  amendments.  The Partnership's
proportionate  share  of  this  write-down,  which  is included in equity in net
income  (loss) of the USPE in the accompanying 2001 statement of operations, was
$1.6 million.   During 2002, the bankruptcy of a major US airline and subsequent
increase  in  off-lease  aircraft  indicated  to  the  General  Partner  that an
impairment  to the aircraft portfolio may exist.  The General Partner determined
the  fair  value  of  the  aircraft and aircraft rotables based on the valuation
given  by  its  unaffiliated  aircraft  equipment manager that considered, among
other  factors,  expected  income  to  be earned from the asset, estimated sales
proceeds  and  holding costs excluding interest.  This resulted in an impairment
of  $36,000  to  the  aircraft rotables owned by the Partnership.  Additionally,
during the fourth quarter of 2002, the Partnership reduced the net book value of
84  owned  tank  railcars in its railcar fleet to their fair value of $2,000 per
railcar, and recorded a $0.7 million impairment loss.  The impairment was caused
by  a  general recall due to a manufacturing defect allowing extensive corrosion
of

<PAGE>

                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

1.     Basis  of  Presentation  (continued)
       -----------------------

Transportation  Equipment  (continued)
-------------------------

the railcars' internal lining.  Repairing the railcars was determined to be cost
prohibitive.  The  fair  value  of  railcars  with this defect was determined by
using  industry  expertise.  These  railcars  were off lease.  No impairments to
owned  equipment  were required in 2001 or partially owned equipment in 2002 and
2000.

Investments  in  Unconsolidated  Special-Purpose  Entities
----------------------------------------------------------

The Partnership has interests in USPEs that own transportation equipment.  These
are  single  purpose  entities  that  do  not  have  any debt or other financial
encumbrances  and  are  accounted  for  using  the  equity  method.

The Partnership's investment in USPEs includes acquisition and lease negotiation
fees  paid  by the Partnership to PLM Transportation Equipment Corporation (TEC)
and  PLM  Worldwide Management Services (WMS).  TEC is a wholly owned subsidiary
of  FSI  and  WMS  is  a  wholly  owned  subsidiary  of  PLM International.  The
Partnership's  interests  in USPEs are managed by IMI.  The Partnership's equity
interest  in  the net income (loss) of USPEs is reflected net of management fees
paid or payable to IMI and the amortization of acquisition and lease negotiation
fees  paid  to  TEC  or  WMS.

Repairs  and  Maintenance
-------------------------

Repairs  and maintenance costs related to marine vessels, railcars, and trailers
are usually the obligation of the Partnership and are charged against operations
as  incurred.  Costs associated with marine vessel dry-docking are estimated and
accrued  ratably  over the period prior to such dry-docking.  If a marine vessel
is  sold  and  there  is  a  balance in the dry-docking reserve account for that
marine vessel, the balance in the reserve account is included as additional gain
on disposition.  Maintenance costs of aircraft and certain marine containers are
the  obligation of the lessee.  To meet the maintenance requirements of aircraft
airframes  and  engines,  reserve  accounts are prefunded by the lessee over the
period  of  the lease based on the number of hours this equipment is used, times
the  estimated  rate  to  repair  this  equipment.  If repairs exceed the amount
prefunded  by  the  lessee,  the Partnership may have the obligation to fund and
accrue  the  difference.  In certain instances, if an aircraft is sold and there
is a balance in the reserve account for repairs to that aircraft, the balance in
the  reserve  account  is  reclassified  as additional gain on disposition.  The
aircraft  reserve  accounts  are  included in the accompanying balance sheets as
lessee  deposits  and  reserve  for repairs.   Marine vessel dry-docking reserve
accounts  are  included  in  investments  in  USPEs.

Net  Loss  and  Distributions  Per  Limited  Partnership  Unit
--------------------------------------------------------------

Special  allocations  of  income  are  made to the General Partner to the extent
necessary to cause the capital account balance of the General Partner to be zero
as of the close of such year.  The limited partners' net loss is allocated among
the  limited  partners based on the number of limited partnership units owned by
each  limited partner and on the number of days of the year each limited partner
is  in  the  Partnership.

Cash  distributions of the Partnership are allocated 95% to the limited partners
and  5%  to the General Partner and may include amounts in excess of net income.

Cash distributions are recorded when declared.  Cash distributions are generally
paid  in  the  same  quarter  they  are declared.  Monthly unitholders receive a
distribution  check 15 days after the close of the previous month's business and
quarterly  unitholders  receive  a distribution check 45 days after the close of
the  quarter.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

1.     Basis  of  Presentation  (continued)
       -----------------------

Net  Loss  and  Distributions  Per  Limited  Partnership  Unit  (continued)
--------------------------------------------------------------

For  the years ended December 31, 2001 and 2000, cash distributions totaled $1.4
million and $13.8 million, respectively, or $0.16 and $1.60 per weighted-average
limited  partnership unit, respectively.  No cash distributions were declared or
paid  during  2002.

Cash  distributions to investors in excess of net income are considered a return
of  capital.  Cash  distributions  to  the  limited partners of $1.3 million and
$13.1  million  in  2001  and  2000, respectively, were deemed to be a return of
capital.

Cash  distributions  related  to  the  fourth quarter 2000 of $1.5 million, were
declared  and  paid  during  the  first  quarter  of  2001.  There  were no cash
distributions  related  to the fourth quarter 2001 or 2002 paid during the first
quarter  of  2002  or  2003.

Net  Loss  Per  Weighted-Average  Limited  Partnership  Unit
------------------------------------------------------------

Net  loss per weighted-average limited partnership unit was computed by dividing
net  loss  attributable  to  limited  partners by the weighted-average number of
limited  partnership  units  deemed  outstanding  during  the  year.  The
weighted-average  number  of limited partnership units deemed outstanding during
the  years ended December 31, 2002, 2001, and 2000 was 7,736,291; 8,186,114; and
8,189,891,  respectively.

Cash  and  Cash  Equivalents
----------------------------

The Partnership considers highly liquid investments that are readily convertible
to  known  amounts  of  cash with original maturities of three months or less as
cash  equivalents.  The  carrying  amount  of cash equivalents approximates fair
value  due  to  the  short-term  nature  of  the  investments.

Restricted  Cash
----------------

As  of  December 31, 2002 and 2001, restricted cash consists of bank accounts or
short-term  investments  that  are  subject  to withdrawal restrictions per loan
agreements  and  other  legally  binding  agreements.

Comprehensive  Loss
-------------------

The  Partnership's comprehensive loss is equal to net income for the years ended
December  31,  2002,  2001  and  2000.

New  Accounting  Standards
--------------------------

On June 29, 2001, SFAS No. 142, "Goodwill and Other Intangible Assets" (SFAS No.
142),  was  approved  by  the  FASB.  SFAS  No.  142  changes the accounting for
goodwill  and  other  intangible  assets determined to have an indefinite useful
life  from  an amortization method to an impairment-only approach.  Amortization
of applicable intangible assets will cease upon adoption of this statement.  The
Partnership  implemented  SFAS  No. 142 on January 1, 2002.  SFAS No. 142 had no
impact  on  the  Partnership's  financial  position  or  results  of operations.

In  April 2002, the FASB issued SFAS No. 145, "Rescission of FASB Statements No.
4,  44,  and  64, Amendment of FASB No. 13, and Technical Corrections" (SFAS No.
145).  The  provisions  of SFAS No. 145 are effective for fiscal years beginning
after  May  15,  2002.  As  permitted  by the pronouncement, the Partnership has
elected  early adoption of SFAS No. 145 as of January 1, 2002.  SFAS No. 145 had
no  impact  on  the  Partnership's  financial position or results of operations.

In  July  2002,  the  FASB issued SFAS No. 146, "Accounting for Costs Associated
with  Exit or Disposal Activities" (SFAS No. 146), which is based on the general
principle  that  a  liability  for  a  cost  associated with an exit or disposal
activity  should  be recorded when it is incurred and initially measured at fair
value.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

1.     Basis  of  Presentation  (continued)
       -----------------------

New  Accounting  Standards  (continued)
--------------------------

SFAS No. 146 applies to costs associated with (1) an exit activity that does not
involve  an  entity  newly acquired in a business combination, or (2) a disposal
activity  within  the  scope  of  SFAS  No.  146.  These  costs  include certain
termination benefits, costs to terminate a contract that is not a capital lease,
and  other  associated  costs  to  consolidate facilities or relocate employees.
Because the provisions of this statement are to be applied prospectively to exit
or disposal activities initiated after December 31, 2002, the effect of adopting
this  statement  cannot  be  determined.

In November 2002, the FASB issued Interpretation No. 45, "Guarantor's Accounting
and  Disclosure  Requirements  for  Guarantees, Including Indirect Guarantees of
Indebtedness of Others" (FIN 45).  This interpretation requires the guarantor to
recognize  a  liability for the fair value of the obligation at the inception of
the  guarantee.  The provisions of FIN 45 will be applied on a prospective basis
to  guarantees  issued  after  December  31,  2002.

In  January  2003, FASB issued Interpretation No. 46, "Consolidation of Variable
Interest  Entities' (FIN 46).  This interpretation clarifies existing accounting
principles  related to the preparation of consolidated financial statements when
the owners of an USPE do not have the characteristics of a controlling financial
interest  or when the equity at risk is not sufficient for the entity to finance
its  activities  without  additional subordinated financial support from others.
FIN  46  requires  the  Partnership  to  evaluate  all  existing arrangements to
identify  situations  where  the Partnership has a "variable interest," commonly
evidenced  by  a  guarantee arrangement or other commitment to provide financial
support,  in a "variable interest entity," commonly a thinly capitalized entity,
and  further  determine  when such variable interest requires the Partnership to
consolidate  the  variable interest entities' financial statements with its own.
The Partnership is required to perform this assessment by September 30, 2003 and
consolidate any variable interest entities for which the Partnership will absorb
a  majority  of  the  entities'  expected  losses  or  receive a majority of the
expected  residual  gains.  The  Partnership  has  determined  that  it  is  not
reasonably  possible  that  it  will  be  required  to  consolidate  or disclose
information  about a variable interest entity upon the effective date of FIN 46.

Reclassifications
-----------------

Certain amounts in the 2001 and 2000 financial statements have been reclassified
to  conform  to  the  2002  presentations.

2.     Transactions  with  General  Partner  and  Affiliates
       -----------------------------------------------------

An  officer  of  FSI contributed $100 of the Partnership's initial capital.  The
equipment  management  agreement,  subject  to  certain reductions, requires the
payment  of  a  monthly management fee attributable to either owned equipment or
interests  in  equipment owned by the USPEs to be paid to IMI in an amount equal
to  the  lesser  of  (i)  the fees that would be charged by an independent third
party  for  similar  services for similar equipment or (ii) the sum of (a) 5% of
the  gross lease revenues attributable to equipment that is subject to operating
leases, (b) 2% of the gross lease revenues, as defined in the agreement, that is
subject  to  full  payout  net  leases,  and  (c) 7% of the gross lease revenues
attributable  to equipment for which IMI provides both management and additional
services  relating  to  the continued and active operation of program equipment,
such  as on-going marketing and re-leasing of equipment, hiring or arranging for
the  hiring  of crew or operating personnel for equipment, and similar services.
The  Partnership  management  fee  in 2002, 2001 and 2000 was $0.5 million, $0.6
million  and  $1.0  million,  respectively.  Partnership management fees will be
reduced  25%  for  the  period  January  1,  2003  through  June  30, 2005.  The
Partnership  reimbursed  FSI  or  its affiliates $0.2 million, $0.4 million, and
$0.7  million  in  2002,  2001,  and 2000, respectively, for data processing and
administrative  expenses  directly  attributable  to  the  Partnership.

The  Partnership's proportional share of USPEs' management fees to affiliate was
$0.2  million  during 2002 and $0.3  million  during  2001  and  2000,  and  the
Partnership's  proportional  share  of  administrative  and

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

2.     Transactions  with  General  Partner  and  Affiliates  (continued)
       -----------------------------------------------------

data  processing  expenses  to  affiliate  were  $0.1 million, $0.2 million, and
$46,000  during  2002,  2001,  and  2000, respectively.  Both of these affiliate
expenses  reduced the Partnership's proportional share of the equity interest in
the  income  of  USPEs.

Debt placement fees were paid to the General Partner in an amount equal to 1% of
the  Partnership's  long-term  borrowings,  less  any costs paid to unaffiliated
parties  related to obtaining the borrowing.  These fees are earned only on debt
used  to  purchase  additional  equipment.  The  Partnership  did not pay a debt
placement  fee  to any affiliate related to the refinancing of the Partnership's
existing  debt  in  2002.

     The  Partnership  and  the  USPEs paid or accrued equipment acquisition and
lease  negotiation  fees  to FSI in the amount of $1,000 and $1.5 million during
2002 and 2001, respectively.  No equipment acquisition or lease negotiation fees
were  paid  or  accrued  during  2000.

TEC  will  also be entitled to receive an equipment liquidation fee equal to the
lesser  of  (i)  3%  of  the  sales  price  of  equipment  sold on behalf of the
Partnership  or  (ii)  50%  of  the  "Competitive Equipment Sale Commission," as
defined  in  the  agreement,  if  certain  conditions  are  met.

The  Partnership owned certain equipment in conjunction with affiliated programs
during  2002,  2001,  and  2000  (see  Note  4).

The  balance due to affiliates as of December 31, 2002 includes $0.1 million due
to  FSI  and  its affiliates for management fees and $1.3 million due to a USPE.
The  balance due to affiliates as of December 31, 2001 includes $0.1 million due
to FSI and its affiliates for management fees and $0.8 million due to affiliated
USPEs.

3.     Equipment
       ---------

The components of owned equipment as of December 31 are as follows (in thousands
of  dollars):
<TABLE>
<CAPTION>

<S>                                  <C>        <C>
Equipment Held for Operating Leases      2002       2001
                                     =========  =========
Marine containers . . . . . . . . .  $ 24,223   $ 25,045
Rail equipment. . . . . . . . . . .    17,027     17,213
Aircraft and components . . . . . .    16,224     16,224
Trailers. . . . . . . . . . . . . .     5,212      5,212
                                     ---------  ---------
                                       62,686     63,694
Less accumulated depreciation . . .   (44,382)   (40,487)
                                     ---------  ---------
    Net equipment . . . . . . . . .  $ 18,304   $ 23,207
                                     =========  =========
</TABLE>


Revenues  are  earned  by placing the equipment under operating leases.  In most
cases,  lessees  are  invoiced  for  equipment  leases  on a monthly basis.  All
equipment  invoiced  monthly  are  based  on  a  fixed  rate.  A  portion of the
Partnership's  marine  containers  are  leased  to operators of utilization-type
leasing  pools  that  include  equipment owned by unaffiliated parties.  In such
instances,  revenues earned by the Partnership consist of a specified percentage
of  the  total  revenues generated by leasing the pooled equipment to sublessees
after  deducting certain direct operating expenses of the pooled equipment.  The
remaining  Partnership  marine  containers  are  based  on a fixed rate.  Rental
revenues for trailers are based on a per-diem lease in the free running railroad
interchange.

Equipment held for operating leases is stated at cost less any reductions to the
carrying value as required by SFAS No. 121 or SFAS No. 144.  The Partnership has
recorded  write-downs  of  certain owned aircraft representing impairment to the
carrying value.  During 2000, the starting downturn in the United States economy
indicated  to  the  General Partner that an impairment may exist with certain of
the  equipment  owned  by  the  Partnership.  Based  on the equipment fair value
determined  by  independent  third  party equipment  managers,  a  $0.4  million
reduction  to  the  carrying  value  of  owned  aircraft  equipment  was

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

3.     Equipment  (continued)
       ---------

required.  During  2002,  the  bankruptcy  of  a major US airline and subsequent
increase  in  off-lease  aircraft  indicated  to  the  General  Partner  that an
impairment  to the aircraft portfolio may exist.  The General Partner determined
the  fair  value  of  the  aircraft and aircraft rotables based on the valuation
given by its independent third party aircraft equipment manager that considered,
among  other  factors,  expected  income  to be earned from the asset, estimated
sales  proceeds  and  holding  costs  excluding  interest.  This  resulted in an
impairment  of  $36,000  to  the aircraft rotables owned by the Partnership.  In
addition,  during  the  fourth  quarter of 2002, the Partnership reduced the net
book value of 84 owned tank railcars in its railcar fleet to their fair value of
$2,000 per railcar, and recorded a $0.7 million impairment loss.  The impairment
was  caused by a general recall due to a manufacturing defect allowing extensive
corrosion  of  the  railcars'  internal  lining.  Repairing  the  railcars  was
determined  to be cost prohibitive.  The fair value of railcars with this defect
was  determined by using industry expertise.  These railcars were off lease.  No
impairments  to  owned  equipment  were  required  in  2001.

As  of December 31, 2002, all owned equipment in the Partnership's portfolio was
on  lease except for 15 marine containers and 183 railcars with an aggregate net
book value of $0.9 million.  As of December 31, 2001, all owned equipment in the
Partnership's  portfolio  was  on  lease except for 118 railcars with a net book
value  of  $1.2  million.

During 2002, the Partnership disposed of marine containers and railcars, with an
aggregate  net  book value of $0.3 million for proceeds of $0.5 million.  During
2001, the Partnership disposed of a Boeing 737-200 commercial aircraft, a marine
vessel,  marine  containers,  railcars,  and trailers with an aggregate net book
value  of  $3.0  million, for proceeds of $3.7 million.  Included in the gain on
sale  of  the  marine vessel was the unused portion of marine vessel dry-docking
liability  of  $0.3  million.

All  owned  equipment  on  lease  is  accounted for as operating leases.  Future
minimum  rentals  under  noncancelable operating leases as of December 31, 2002,
for  owned  equipment  during each of the next five years are approximately $3.1
million  in  2003;  $2.0  million in 2004; $1.9 million in 2005; $1.6 million in
2006;  $1.3  million  in  2007;  and  $0.6  million  thereafter.  Per  diem  and
short-term  rentals  consisting  of  utilization rate lease payments included in
owned equipment lease revenues amounted to $3.2 million in 2002, $3.0 million in
2001,  and  $4.2  million  in  2000.

4.     Investments  in  Unconsolidated  Special-Purpose  Entities
       ----------------------------------------------------------

The  Partnership  owns  equipment  jointly  with  affiliated programs. These are
single  purpose  entities  that  do  not  have  any  debt  or  other  financial
encumbrances.

Ownership  interest  is based on the Partnership's contribution towards the cost
of  the  equipment in the USPEs.  The Partnership's proportional share of equity
and  income  (loss)  in each entity is not necessarily the same as its ownership
interest.  The  primary  reason  for this difference has to do with certain fees
such  as  management,  re-lease and acquisition and lease negotiation fees which
vary  among  the  owners  of  the  USPEs.

The  tables  below  set forth 100% of the assets, liabilities, and equity of the
entities  in  which  the  Partnership  has  an  interest  and  the Partnership's
proportional share of equity in each entity as of December 31, 2002 and 2001 (in
thousands  of  dollars):


<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

4.     Investments  in  Unconsolidated  Special-Purpose  Entities  (continued)
       ----------------------------------------------------------
<TABLE>
<CAPTION>


                                           Boeing   Aero
                                          737-300 California  Lion
As of December 31, 2002                    Trust1  Trust2  Partnership3   Total
-------------------------------------------------------------------------------
<S>                                        <C>     <C>     <C>           <C>
Assets
  Equipment less accumulated depreciation $12,355  $    --  $    7,356
  Receivables                               1,825      420         716
  Finance lease receivable                     --    2,425          --
  Other assets                                  3      137          10
                                          -------  -------  ----------
    Total assets                          $14,183  $ 2,982  $    8,082
                                          =======  =======  ==========
Liabilities
  Accounts payable                        $    --  $     1  $      548
  Due to affiliates                             7        2          44
  Lessee deposits and reserve for repairs   1,825      420          97
                                          -------  -------  ----------
    Total liabilities                       1,832      423         689
                                          -------  -------  ----------

Equity                                     12,351    2,559       7,393
                                          -------  -------  ----------
    Total liabilities and equity          $14,183  $ 2,982  $    8,082
                                          =======  =======  ==========

Partnership's share of equity             $ 7,733  $ 1,024  $    3,868  $ 12,625
                                          =======  =======  ==========  ========
</TABLE>


<TABLE>
<CAPTION>


                                           Boeing   Aero
                                          737-300 California  Lion
As of December 31, 2001                    Trust1  Trust2  Partnership3   Total
-------------------------------------------------------------------------------
<S>                                        <C>     <C>     <C>           <C>
Assets
  Equipment less accumulated depreciation $14,768  $    --  $    8,827
  Receivables                               1,078      420         776
  Finance lease receivable                     --    3,234          --
  Other assets                                 12      225          --
                                          -------  -------  ----------
    Total assets                          $15,858  $ 3,879  $    9,603
                                          =======  =======  ==========
Liabilities
  Accounts payable                        $    70  $    --  $      111
  Due to affiliates                            20       39          51
  Lessee deposits and reserve for repairs   1,027      420         514
                                          -------  -------  ----------
    Total liabilities                       1,117      459         676
                                          -------  -------  ----------

Equity                                     14,741    3,420       8,927
                                          -------  -------  ----------
    Total liabilities and equity          $15,858  $ 3,879  $    9,603
                                          =======  =======  ==========

Partnership's share of equity             $ 9,176  $ 1,368  $    4,679  $ 15,223
                                          =======  =======  ==========  ========
</TABLE>


The  tables  below  set  forth  100%  of  the  revenues,  gain on disposition of
equipment,  direct and indirect expenses, impairment loss, and net income (loss)
of  the entities in which the Partnership has an interest, and the Partnership's
proportional  share of income (loss) in each entity for the years ended December
31,  2002,  2001,  and  2000  (in  thousands  of  dollars):
<TABLE>
<CAPTION>


                                          Boeing   Aero
For the year ended                       737-300 California  Lion
December 31, 2002                         Trust1  Trust2  Partnership3  Other    Total
--------------------------------------------------------------------------------------
<S>                                       <C>     <C>     <C>           <C>    <C>
  Revenues                              $  1,860  $   496  $    5,390  $   --
  Less: Direct expenses                       37       24       4,471    (22)
            Indirect expenses              2,762      129       1,878      --
                                        --------  -------  ----------  ------
    Net income (loss)                   $  (939)  $   343  $    (959)  $   22
                                        ========  =======  ==========  ======

Partnership's share of net income (loss)$  (544)  $   137  $    (520)  $    6   $(921)
                                        ========  =======  ==========  ======   ======
</TABLE>




1     The  Partnership owns a 62% interest of the Boeing 737-300 Trust that owns
a  stage  III  commercial  aircraft.
2     The Partnership owns a 40% interest in the Aero California Trust that owns
two  stage  III  commercial  aircraft  on  a  direct  finance  lease.
3     The  Partnership  owns  a 53% interest in the Lion Partnership that owns a
product  tanker.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

4.     Investments  in  Unconsolidated  Special-Purpose  Entities  (continued)
       ----------------------------------------------------------
<TABLE>
<CAPTION>


                                   Boeing   Aero                              Pacific
For the year ended                737-300 California  Lion        Spear        Source
December 31, 2001                  Trust1  Trust2  Partnership3 Partnership4 Partnership5  Total
------------------------------------------------------------------------------------------------
<S>                                <C>     <C>     <C>           <C>         <C>          <C>

Revenues                         $  1,813  $  1,336  $   9,651  $        710  $     925
Gain on disposition of equipment       --        --         --           458      2,586
Less: Direct expenses                 980        16      4,586           581        556
          Indirect expenses         3,487       149      2,503           283        448
          Impairment loss              --     4,069         --            --         --
                                 --------  --------  ---------  ------------  ---------
   Net income (loss)             $(2,654)  $(2,898)  $   2,562  $        304  $   2,507
                                 ========  ========  =========  ============  =========

Partnership's share of
   net income (loss)             $(1,691)  $(1,159)  $   1,345  $         72  $     498   $(935)
                                 ========  ========  =========  ============  =========   ======

</TABLE>


As  of  December  31,  2002  and  2001,  all  jointly  owned  equipment  in  the
Partnership's  USPE  portfolio  was  on  lease.
<TABLE>
<CAPTION>


                               Boeing     Aero                                 Pacific
For the year ended            737-300  California   Lion          Spear         Source
December 31, 2000              Trust1    Trust2  Partnership3  Partnership4  Partnership5
-----------------------------------------------------------------------------------------
<S>                           <C>        <C>     <C>           <C>           <C>

Revenues . . . . . . . . . .  $  1,399  $  1,528  $     4,417  $      1,255  $     2,907
Less: Direct expenses. . . .     1,261        19        2,583         1,273        1,542
          Indirect expenses.     3,687       158        2,454           493        1,211
                              --------  --------  -----------  ------------  -----------
   Net income (loss) . . . .  $(3,549)  $  1,351  $     (620)  $      (511)  $       154
                              ========  ========  ===========  ============  ===========
Partnership's share of
   net income (loss) . . . .  $(2,142)  $    614  $     (323)  $      (256)  $        31
                              ========  ========  ===========  ============  ===========
</TABLE>


<TABLE>
<CAPTION>


For the year ended                   Boeing 767
December 31, 2000                    Tenancy in    Canadian     Container        Hyde
(continued)                           Common6     Trust #37   Partnership8   Partnership9    Total
--------------------------------------------------------------------------------------------------
<S>                                 <C>           <C>         <C>            <C>            <C>
 Revenues. . . . . . . . . . . . .  $        --   $       14  $       1,090  $          --
 Gain on disposition of equipment.           --           --             --            300
 Less:  Indirect expenses. . . . .          (56)          --            917             13
                                    ------------  ----------  -------------  -------------
   Net income (loss) . . . . . . .  $        56   $       14  $         173  $         287
                                    ============  ==========  =============  =============
Partnership's share of
   net income (loss) . . . . . . .  $        36   $        7  $          44  $          85  $(1,904)
                                    ============  ==========  =============  =============  ========
</TABLE>


During  2001  the  Partnership  increased  its  investment  in  a trust owning a
commercial  stage  III  aircraft  by  paying  FSI  $0.6  million  in  additional
acquisition  and  lease  negotiation  fees.

During  2001,  the  Partnership recorded a write-down of certain partially owned
aircraft,  representing  impairment  to the carrying value.  During 2001, a USPE
owning  two  Stage III commercial aircraft on a direct finance lease reduced its
net  investment  in  the  finance  lease  receivable  due  to  a series of lease
amendments.  The  Partnership's proportionate share of this write-down, which is
included  in  equity  in  net income (loss) of the USPE in the accompanying 2001
statement  of  operations,  was $1.6 million.  No impairments to partially owned
equipment  were  required  in  2002  or  2000.


1     The  Partnership owns a 62% interest of the Boeing 737-300 Trust that owns
a  stage  III  commercial  aircraft.
2     The Partnership owns a 40% interest in the Aero California Trust that owns
two  stage  III  commercial  aircraft  on  a  direct  finance  lease.
3     The  Partnership  owns  a 53% interest in the Lion Partnership that owns a
product  tanker.
4.     The  Partnership owned a 50% interest in the Spear Partnership that owned
a  container  feeder  vessel.
5     The  Partnership  owned  a  20% interest in the Pacific Source Partnership
that  owned  a  handymax  dry  bulk  carrier.
6     The  Partnership  owned a 64% interest in the Boeing 767 Tenancy in Common
that  owned  a  stage  III  commercial  aircraft.
7     The  Partnership  owned  a  50% interest in the Canadian Air Trust #3 that
owned  four  Boeing  737-200  commercial  aircraft.
8     The  Partnership  owned  a  25% interest in the Container Partnership that
owned  marine  containers.
9     The  Partnership owned a 29.5% interest in the Hyde Partnership that owned
a  mobile  offshore  drilling  unit.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

5.     Operating  Segments
       -------------------

During  2001,  the  General  Partner  sold  the Partnership's 20% interest in an
entity that owned a handymax dry-bulk carrier marine vessel and its 50% interest
in  an  entity  that  owned a container feeder marine vessel.  The Partnership's
interest  in  these  entities  was sold for proceeds of $2.3 million for its net
investment  of $1.8 million.  Included in the gain on sale of these entities was
the  unused  portion  of  marine  vessel  dry-docking liability of $0.2 million.

All  jointly  owned  equipment  on  lease  is accounted for as operating leases,
except for two jointly owned commercial aircraft on a direct finance lease.  The
Partnership's  proportionate share of future minimum rentals under noncancelable
operating  leases  as  of  December 31, 2002, for jointly owned equipment during
each of the next five years are approximately $2.1 million in 2003; $2.1 million
in 2004; and $0.3 million in 2005.  The Partnership's proportionate share of per
diem  and  short-term  rentals  consisting  of  utilization  rate lease payments
included  in jointly owned lease revenues amounted to $2.8 million in 2002, $5.5
million  in  2001,  and  $3.5  million  in  2000.

The Partnership operates primarily in five operating segments: aircraft leasing,
marine  container  leasing,  marine vessel leasing, trailer leasing, and railcar
leasing.  Each  equipment  leasing  segment  engages  in  short-term to mid-term
operating  leases  to  a  variety  of  customers.

The General Partner evaluates the performance of each segment based on profit or
loss  from  operations  before  allocation  of  interest  expense,  general  and
administrative  expenses,  and certain other expenses.  The segments are managed
separately  due  to  different  business  strategies  for  each  operation.  The
accounting  policies  of  the  Partnership's  operating segments are the same as
described in Note 1, Basis of Presentation.  There were no intersegment revenues
for  the  years  ended  December  31,  2002,  2001  and  2000.

The  following  tables present a summary of the operating segments (in thousands
of  dollars):
<TABLE>
<CAPTION>


                                                      Marine     Marine
                                         Aircraft   Container    Vessel     Trailer   Railcar      All
For the Year Ended December 31, 2002     Leasing     Leasing     Leasing    Leasing   Leasing    Other 1    Total
-----------------------------------------------------------------------------------------------------------------
<S>                                     <C>         <C>         <C>        <C>        <C>       <C>        <C>

REVENUES
  Lease revenue. . . . . . . . . . . .  $   1,638   $    3,789  $     --   $    786   $  3,289  $     --   $ 9,502
  Interest and other income. . . . . .         --           --        44         --         36        97       177
  Gain on disposition of equipment . .         --          140        --         --         63        --       203
                                        ----------  ----------  ---------  ---------  --------  ---------  --------
     Total revenues. . . . . . . . . .      1,638        3,929        44        786      3,388        97     9,882
                                        ----------  ----------  ---------  ---------  --------  ---------  --------

EXPENSES
  Operations support . . . . . . . . .         22           39         1        538        903        63     1,566
  Depreciation and amortization. . . .        190        2,448        --        291        941        11     3,881
  Interest expense . . . . . . . . . .         --           --        --         --         --       916       916
  Management fees to affiliate . . . .         68          190        --         40        228        --       526
  General and administrative expenses.        144           --         1        153        184     1,856     2,338
  Loss on impairment of equipment. . .         36           --        --         --        733        --       769
  Provision for bad debts. . . . . . .         --           --        --         16         45        --        61
                                        ----------  ----------  ---------  ---------  --------  ---------  --------
     Total expenses. . . . . . . . . .        460        2,677         2      1,038      3,034     2,846    10,057
                                        ----------  ----------  ---------  ---------  --------  ---------  --------
Equity in net loss of USPEs. . . . . .       (407)          --      (514)        --         --        --      (921)
                                        ----------  ----------  ---------  ---------  --------  ---------  --------
Net income (loss). . . . . . . . . . .  $     771   $    1,252  $   (472)  $   (252)  $    354  $ (2,749)  $(1,096)
                                        ==========  ==========  =========  =========  ========  =========  ========

Total assets as of December 31, 2002 .  $   9,489   $   12,463  $  3,868   $  1,054   $  4,999  $  9,311   $41,184
                                        ==========  ==========  =========  =========  ========  =========  ========
</TABLE>


     Includes  certain  assets  not  identifiable  to a specific segment such as
cash,  restricted cash, lease negotiation fees, debt placement fees, and prepaid
expenses.  Also  includes  interest  income  and  costs  not  identifiable  to a
particular  segment, such as interest expense, and certain amortization, general
and  administrative,  and  operations  support  expenses.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

5.     Operating  Segments  (continued)
       -------------------

<TABLE>
<CAPTION>


                                                        Marine     Marine
                                           Aircraft   Container    Vessel    Trailer    Railcar      All
For the Year Ended December 31, 2001       Leasing     Leasing    Leasing    Leasing    Leasing    Other 1    Total
-------------------------------------------------------------------------------------------------------------------
<S>                                       <C>         <C>         <C>       <C>        <C>        <C>        <C>

REVENUES
  Lease revenue. . . . . . . . . . . . .  $   1,843   $    4,649  $    515  $    872   $  3,790   $     --   $11,669
  Interest and other income. . . . . . .         40           --        73        --         10        540       663
  Gain on disposition of equipment . . .        516           57       488         8          8         --     1,077
                                          ----------  ----------  --------  ---------  ---------  ---------  --------
     Total revenues. . . . . . . . . . .      2,399        4,706     1,076       880      3,808        540    13,409
                                          ----------  ----------  --------  ---------  ---------  ---------  --------

EXPENSES
  Operations support . . . . . . . . . .         19           62       336       489      1,148        109     2,163
  Depreciation and amortization. . . . .      1,448        3,125       102       293      1,072        104     6,144
  Interest expense . . . . . . . . . . .         --           --        --        --         --      1,956     1,956
  Management fees to affiliate . . . . .         76          232        26        44        267         --       645
  General and administrative expenses. .        257            2        48       149        147        965     1,568
  Provision for (recovery of) bad debts.         46            7        --       (13)       (55)        --       (15)
                                          ----------  ----------  --------  ---------  ---------  ---------  --------
     Total expenses. . . . . . . . . . .      1,846        3,428       512       962      2,579      3,134    12,461
                                          ----------  ----------  --------  ---------  ---------  ---------  --------
Equity in net income (loss) of USPEs . .     (2,850)          --     1,915        --         --         --      (935)
                                          ----------  ----------  --------  ---------  ---------  ---------  --------
Net income (loss). . . . . . . . . . . .  $  (2,297)  $    1,278  $  2,479  $    (82)  $  1,229   $ (2,594)  $    13
                                          ==========  ==========  ========  =========  =========  =========  ========

Total assets as of December 31, 2001 . .  $  11,565   $   15,373  $  4,679  $  1,414   $  6,782   $  8,979   $48,792
                                          ==========  ==========  ========  =========  =========  =========  ========
</TABLE>







































1     Includes  certain  assets  not  identifiable to a specific segment such as
cash,  certain  accounts  receivable, lease negotiation fees, debt placement and
issuance  fees,  and  prepaid expenses.  Also includes interest income and costs
not  identifiable to a particular segment, such as interest expense, and certain
amortization,  general  and  administrative,  and  operations  support expenses.
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

5.     Operating  Segments  (continued)
       -------------------


<TABLE>
<CAPTION>


                                                           Marine     Marine
                                             Aircraft    Container    Vessel     Trailer    Railcar      All
For the Year Ended December 31, 2000         Leasing      Leasing     Leasing    Leasing    Leasing    Other 2    Total
-----------------------------------------------------------------------------------------------------------------------
<S>                                         <C>         <C>          <C>        <C>        <C>        <C>        <C>

REVENUES
  Lease revenue. . . . . . . . . . . . . .  $   2,778   $    4,706   $  3,625   $  2,130   $  4,287   $     --   $17,526
  Interest and other income. . . . . . . .         --           --         --         --         --        253       253
  Gain (loss) on disposition of equipment.         --          (45)       382      1,785         25         --     2,147
                                            ----------  -----------  ---------  ---------  ---------  ---------  --------
     Total revenues. . . . . . . . . . . .      2,778        4,661      4,007      3,915      4,312        253    19,926
                                            ----------  -----------  ---------  ---------  ---------  ---------  --------

EXPENSES
  Operations support . . . . . . . . . . .         56           20      2,349        715      1,006         39     4,185
  Depreciation and amortization. . . . . .      2,347        3,348      1,348        563      1,280         11     8,897
  Interest expense . . . . . . . . . . . .         --           --         --         --         --      2,059     2,059
  Management fees to affiliate . . . . . .        157          235        181        121        269         --       963
  General and administrative expenses. . .        337           13         65        461        116        860     1,852
  Loss on impairment of equipment. . . . .        374           --         --         --         --         --       374
  Recovery of bad debts. . . . . . . . . .       (655)          --         --         (6)       (59)        --      (720)
                                            ----------  -----------  ---------  ---------  ---------  ---------  --------
     Total expenses. . . . . . . . . . . .      2,616        3,616      3,943      1,854      2,612      2,969    17,610
                                            ----------  -----------  ---------  ---------  ---------  ---------  --------
Equity in net income (loss) of USPEs . . .     (1,485)          44       (548)        --         --         85    (1,904)
                                            ----------  -----------  ---------  ---------  ---------  ---------  --------
Net income (loss). . . . . . . . . . . . .  $  (1,323)  $    1,089   $   (484)  $  2,061   $  1,700   $ (2,631)  $   412
                                            ==========  ===========  =========  =========  =========  =========  ========
</TABLE>




6.     Geographic  Information
       -----------------------

     The  Partnership  owns  certain  equipment  that  is  leased  and  operated
internationally.  A  limited  number  of  the  Partnership's  transactions  are
denominated  in  a  foreign  currency.  Gains  or  losses resulting from foreign
currency  transactions  are  included  in  the results of operations and are not
material.






2     Includes  interest  income  and  costs  not  identifiable  to a particular
segment,  such  as  interest  expense,  and  certain  amortization,  general and
administrative,  and  operations support expenses.  Also includes income from an
investment  in  an  entity  that  owned  a  mobile  offshore  drilling  unit.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

6.     Geographic  Information  (continued)
       -----------------------

The Partnership leases or leased its aircraft, railcars, and trailers to lessees
domiciled in seven geographic regions: the United States, South America, Canada,
Mexico,  Europe,  Iceland,  and India.  Marine vessels and marine containers are
leased  or  were  leased  to  multiple lessees in different regions that operate
worldwide.

The  table  below  sets  forth  lease  revenues  by  geographic  region  for the
Partnership's  owned equipment and investments in USPEs, grouped by domiciles of
the  lessees,  as  of  and  for  the  years  ended  December 31 (in thousands of
dollars):
<TABLE>
<CAPTION>


                            Owned Equipment         Investments in USPEs
                            ---------------         --------------------
<S>                  <C>        <C>       <C>      <C>     <C>     <C>
Region. . . . . . .    2002      2001      2000    2002      2001      2000
---------------------------------------------------------------------------
United States . . .  $  4,351  $  4,977  $ 6,921  $    --  $    --  $    --
South America . . .        --        --       --    1,153       96       --
Canada. . . . . . .       984     1,150    1,896       --       --       --
Europe. . . . . . .       378       378      378       --       --       --
Iceland . . . . . .        --        --       --       --    1,014      865
Rest of the world .     3,789     5,164    8,331    2,830    5,535    3,763
                     --------  --------  -------  -------  -------  -------
     Lease revenues  $  9,502  $ 11,669  $17,526  $ 3,983  $ 6,645  $ 4,628
                     ========  ========  =======  =======  =======  =======
</TABLE>


The  following  table sets forth net income (loss) information by region for the
owned  equipment  and  investments  in USPEs for the years ended December 31 (in
thousands  of  dollars):
<TABLE>
<CAPTION>


                                  Owned Equipment           Investments in USPEs
                                  ---------------           --------------------
Region                       2002      2001      2000     2002      2001      2000
<S>                        <C>        <C>       <C>       <C>     <C>       <C>

United States . . . . . .  $   906  $    877  $   3,481  $    --  $     --  $    --
South America . . . . . .       --        --         --     (544)     (147)      36
Canada. . . . . . . . . .      260       505        873       --        --        7
Mexico. . . . . . . . . .       --        --         --      137    (1,159)     614
Europe. . . . . . . . . .      114       122         57       --        --       --
Iceland . . . . . . . . .       --        --         --       --    (1,544)  (2,142)
India . . . . . . . . . .       --       195       (487)      --        --       --
Rest of the world . . . .    1,293     1,843      1,109     (514)    1,915     (419)
                           --------  -------  ---------  --------  --------  -------
   Regional income (loss)    2,573     3,542      5,033     (921)     (935)  (1,904)
Administrative and other.   (2,748)   (2,594)   (2,717)       --        --       --
                           --------  -------  ---------  --------  --------  -------
   Net income (loss). . .  $  (175)  $   948  $   2,316  $  (921)  $  (935) $(1,904)
                           ========  =======  =========  ========  ========  =======
</TABLE>


The  net  book  value  of  these  assets  as  of  December 31 are as follows (in
thousands  of  dollars):
<TABLE>
<CAPTION>


                     Owned Equipment   Investments in USPEs
                     ---------------   --------------------
<S>                <C>        <C>        <C>      <C>
Region. . . . . .    2002      2001       2002      2001
---------------------------------------------------------
United States . .  $  3,890  $  5,915  $     --  $     --
South America . .        --        --     7,733     9,176
Canada. . . . . .     1,795     1,791        --        --
Mexico. . . . . .        --        --     1,024     1,368
Europe. . . . . .       731       958        --        --
Rest of the world    11,888    14,543     3,868     4,679
                   --------  --------  --------  --------
   Net book value  $ 18,304  $ 23,207  $ 12,625  $ 15,223
                   ========  ========  ========  ========
</TABLE>



<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

7.     Debt
       ----

During  January  2002,  the  Partnership  prepaid  the $20.0 million senior note
payable  that  the Partnership entered into in August 1993 and paid a prepayment
penalty,  included in other general and administrative expenses, of $1.0 million
to  prepay  the  note.  Concurrent  with  this payment, the Partnership borrowed
$15.0  million  under the new $30.0 million term loan facility.  The Partnership
entered into two loans totaling $15.0 million that bear an interest rate between
4.38%  and 4.94%.  The loans made in January 2002 were based on three and twelve
month  LIBOR and are adjusted to market rates at the end of the respective LIBOR
term.  All  loans  under  this  facility  will  be  repaid  with equal principal
payments  plus  interest  payments.  The  Partnership's wholly and jointly owned
equipment  is  used  as  collateral  for  the  term  loan  facility.

The  Partnership  paid a debt placement fee of $ 0.1 million and $0.3 million in
2002  and  2001,  respectively,  to  the  new  lender  of  the  notes  payable.

The  Partnership made the regularly scheduled principal payments of $2.3 million
to  the  lender of the notes during 2002.  The remaining balance of the notes of
$12.8  million  will be repaid with quarterly principal payments of $0.8 million
totaling  $3.0  million  in 2003, 2004, 2005, and 2006 and $0.8 million in 2007.

The  General  Partner  estimates that the fair value of these notes approximates
book  value  due  to  the  interest rate on the debt being repriced on a regular
basis.

The  Partnership  is  a  participant in a $10.0 million warehouse facility.  The
warehouse  facility  is  shared by the Partnership, PLM Equipment Growth Fund V,
PLM  Equipment  Growth  &  Income Fund VII, Professional Lease Management Income
Fund I, LLC, and Acquisub LLC, a wholly owned subsidiary of PLMI.  In July 2002,
PLMI  reached  an  agreement  with  the  lenders  of the $10.0 million warehouse
facility  to  extend  the expiration date of the facility to June 30, 2003.  The
facility  provides  for  financing up to 100% of the cost of the equipment.  Any
borrowings by the Partnership are collateralized by equipment purchased with the
proceeds  of the loan.  Outstanding borrowings by one borrower reduce the amount
available  to  each  of  the  other  borrowers  under  the facility.  Individual
borrowings  may  be outstanding for no more than 270 days, with all advances due
no later than June 30, 2003.  Interest accrues either at the prime rate or LIBOR
plus  2.0%  at  the  borrower's  option  and is set at the time of an advance of
funds.  Borrowings  by  the Partnership are guaranteed by PLMI.  The Partnership
is  not  liable  for  the  advances  made  to  the  other  borrowers.

As  of  December 31, 2002, there were no outstanding borrowings on this facility
by  any  of  the  eligible  borrowers.

8.     Concentrations  of  Credit  Risk
       --------------------------------

No  single  lessee  accounted for more than 10% of the consolidated revenues for
the  owned  equipment  and  jointly owned equipment during 2002, 2001, and 2000.

As  of  December 31, 2002 and 2001, the General Partner believed the Partnership
had  no  other  significant  concentrations  of  credit  risk  that could have a
material  adverse  effect  on  the  Partnership.

9.     Income  Taxes
       -------------

The  Partnership  is  not  subject  to  income  taxes,  as any income or loss is
included  in  the  tax  returns  of  the  individual  partners.  Accordingly, no
provision  for  income  taxes  has  been made in the financial statements of the
Partnership.

As  of  December 31, 2002, the financial statement carrying amount of assets and
liabilities  was  approximately  $25.6 million lower than the federal income tax
basis  of  such  assets  and  liabilities,  primarily  due  to  differences  in
depreciation  methods,  equipment  reserves,  provisions for bad debts, lessees'
prepaid  deposits,  and  the  tax  treatment  of  underwriting  commissions  and
syndication  costs.

<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

10.     Commitments  and  Contingencies
        -------------------------------

Commitment  to  Purchase  Railcars
----------------------------------

TEC  arranged  for  the  lease  or purchase of a total of 1,050 pressurized tank
railcars  by  (i)  partnerships  and managed programs in which FSI serves as the
general  partner or manager and holds an ownership interest (Program Affiliates)
or  (ii) managed programs in which FSI provides management services but does not
hold  an  ownership  interest  or third parties (Non-Program Affiliates).  These
railcars  will  be  delivered  over  the  next  three  years.  A leasing company
affiliated  with the manufacturer will acquire approximately 70% of the railcars
and  lease  them  to  a Non-Program Affiliate.  The remaining 30% will either be
purchased  by  other  third  parties  to  be  managed by PLMI, or by the Program
Affiliates.  An  affiliate of TEC will manage the leased and purchased railcars.
Neither  TEC nor its affiliate will be liable for these railcars.  TEC estimates
that  the  total  value of purchased railcars will not exceed $26.0 million with
one  third  of the railcars being purchased in each of 2002, 2003, and 2004.  As
of  December  31,  2002,  FSI  committed  one  Program Affiliate, other than the
Partnership, to purchase $11.3 million in railcars that were purchased by TEC in
2002  or  will  be purchased in 2003.  Although FSI has neither determined which
Program  Affiliates  will  purchase the remaining railcars nor the timing of any
purchases,  it  is  possible  the Partnership may purchase some of the railcars.

Warehouse  Credit  Facility  and  Notes  Payable
------------------------------------------------

See  Note  7  for  discussion  of  the  Partnership's  debt  facilities.

Commitments  and  contingencies  as  of  December  31,  2002  are as follows (in
thousands  of  dollars):
<TABLE>
<CAPTION>


                                        Less than   1-3      4-5    After 5
Current Obligations              Total   1 Year    Years    Years    Years
---------------------------------------------------------------------------
<S>                              <C>    <C>       <C>       <C>     <C>
Commitment to purchase railcars $14,699  $ 6,257  $ 8,442  $    --  $   --
Notes payable                    12,750    3,000    6,000    3,750      --
Line of credit                       --       --       --       --      --
                                -------  -------  -------  -------  ------
                                $27,449  $ 9,257  $14,442  $ 3,750  $   --
                                =======  =======  =======  =======  ======
</TABLE>


The  Partnership,  together  with  affiliates,  initiated  litigation in various
official  forums  in  the  United States and India against two defaulting Indian
airline  lessees  to  repossess  Partnership property and to recover damages for
failure  to  pay  rent  and failure to maintain such property in accordance with
relevant  lease contracts.  In response to the Partnership's collection efforts,
the  airline  lessees  filed counter-claims against the Partnership one of which
was  in  excess  of  the  Partnership's claims against the airline.  The General
Partner  believes that the airline's counterclaims are completely without merit,
and  the  General  Partner  will  vigorously  defend against such counterclaims.

During  2001,  an arbitration hearing was held between one Indian lessee and the
Partnership  and  the  arbitration panel issued an award to the Partnership. The
Partnership  initiated  proceedings in India to collect on the arbitration award
and  has  recently  been  approached again by the lessee to discuss a negotiated
settlement  of the Partnership's collection action.  The General Partner did not
accrue  the  arbitration  award  in  the  December 31, 2002 financial statements
because  the  likelihood  of  collection  of  the  award is remote.  The General
Partner  will  continue  to  try  to  collect the full amount of the settlement.

During 2001, the General Partner decided to minimize its collection efforts from
the  other  Indian  lessee  in  order  to  save  the  Partnership from incurring
additional  expenses associated with trying to collect from a lessee that has no
apparent  ability  to  pay.



<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

11.     Quarterly  Results  of  Operations  (unaudited)
        ----------------------------------

The  following  is a summary of the quarterly results of operations for the year
ended  December  31, 2002 (in thousands of dollars, except weighted-average unit
amounts):
<TABLE>
<CAPTION>


                                                  March    June   September    December
                                                   31,      30,       30,         31,       Total
-------------------------------------------------------------------------------------------------
<S>                                              <C>      <C>     <C>         <C>         <C>
Operating results:
  Total revenues. . . . . . . . . . . . . . . .  $2,580   $2,546  $    2,455  $   2,301   $ 9,882
  Net income (loss) . . . . . . . . . . . . . .    (470)     212          87       (925)   (1,096)

Per weighted-average limited partnership unit:

Net income (loss) . . . . . . . . . . . . . . .  $(0.06)  $ 0.03  $     0.01  $   (0.12)  $ (0.14)

</TABLE>


The  following  is  a  list  of the major events that affected the Partnership's
performance  during  2002:

          (i)     In  the  first  quarter of 2002, the Partnership paid the $1.0
million  debt  prepayment  penalty  related  to  the Partnership's note payable;

          (ii)     In  the  second  quarter of 2002, the Partnership sold marine
containers  and  railcars  for  a  total  gain  of  $0.1  million;  and.

     (iii)     In the fourth quarter of 2002, an impairment loss of $0.8 million
was  recorded.

The  following  is a summary of the quarterly results of operations for the year
ended  December  31, 2001 (in thousands of dollars, except weighted-average unit
amounts):
<TABLE>
<CAPTION>


                                                 March    June    September    December
                                                  31,      30,        30,         31,       Total
-------------------------------------------------------------------------------------------------
<S>                                              <C>     <C>     <C>          <C>         <C>
Operating results:
  Total revenues. . . . . . . . . . . . . . . .  $4,250  $3,555  $    2,789   $   2,815   $13,409
  Net income (loss) . . . . . . . . . . . . . .     475   1,212        (430)     (1,244)       13

Per weighted-average limited partnership unit:

Net income (loss) . . . . . . . . . . . . . . .  $ 0.05  $ 0.15  $    (0.05)  $   (0.16)  $ (0.01)
</TABLE>


The  following  is  a  list  of the major events that affected the Partnership's
performance  during  2001:

          (i)     In  the  first  quarter  of  2001,  the  Partnership  sold  a
commercial  aircraft,  marine containers, and a trailer for a total gain of $0.5
million;

          (ii)     In  the second quarter of 2001, the Partnership sold a marine
vessel  and  marine containers for a total gain of $0.5 million and its interest
in  two  entities  owning  marine  vessels for a total gain of $0.7 million; and

          (iii)     In  the  fourth  quarter of 2001, the Partnership recorded a
$1.6  million impairment loss on the trust that owned two commercial aircraft on
a  direct  finance  lease.

<PAGE>

                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                          NOTES TO FINANCIAL STATEMENTS

12.     Subsequent  Event
        -----------------

On  January  3,  2003,  the  Partnership  made its regularly scheduled principal
payment  of  $0.8 million and interest payment of $0.1 million to the lenders of
the  notes  payable.


<PAGE>





INDEPENDENT  AUDITORS'  REPORT



The  Partners
PLM  Equipment  Growth  Fund  VI:

We  have  audited  the  financial  statements of PLM Equipment Growth Fund VI, a
limited  partnership  (the "Partnership"), as of December 31, 2002 and 2001, and
for each of the two years in the period ended December 31, 2002, and have issued
our  report  thereon  dated  March 7, 2003; such report is included elsewhere in
this  Form  10-K.  Our audits also included the financial statement schedules of
PLM  Equipment  Growth Fund VI, listed in Item 15(B).  These financial statement
schedules  are  the  responsibility  of  the  Partnership's  management.  Our
responsibility  is  to  express an opinion based on our audits.  In our opinion,
such 2002 and 2001 financial statement schedules, when considered in relation to
the  basic financial statements taken as a whole, present fairly in all material
respects  the  information  set  forth  therein.





/s/  Deloitte  &  Touche  LLP
Certified  Public  Accountants

Tampa,  Florida
March  7,  2003









<PAGE>









INDEPENDENT  AUDITORS'  REPORT



The  Partners
PLM  Equipment  Growth  Fund  VI:


Under  date  of  March  2,  2001,  we  reported on the statements of operations,
changes  in  partners'  capital,  and cash flows for the year ended December 31,
2000  of PLM Equipment Growth Fund VI, as contained in the 2001 annual report to
the partners.  These financial statements and our report thereon are included in
the  annual  report  on  Form  10-K  for  the  year ended December 31, 2002.  In
connection  with  our  audit of the aforementioned financial statements, we also
audited the related financial statement schedule for the year ended December 31,
2000.  This  financial  statement  schedule  is  the  responsibility  of  the
Partnership's  management.  Our  responsibility is to express an opinion on this
financial  statement  schedule  based  on  our  audit.

In  our  opinion, such financial statement schedule, when considered in relation
to  the  basic  financial  statements  taken as a whole, presents fairly, in all
material respects, the information set forth therein for the year ended December
31,  2000.




/s/  KPMG  LLP

SAN  FRANCISCO,  CALIFORNIA
March  12,  2001





<PAGE>

                          PLM EQUIPMENT GROWTH FUND VI
                             (A LIMITED PARTNERSHIP)
                        VALUATION AND QUALIFYING ACCOUNTS

                  YEARS ENDED DECEMBER 31, 2002, 2001, AND 2000
                            (in thousands of dollars)

<TABLE>
<CAPTION>

<S>                                     <C>            <C>           <C>           <C>

                                         Balance at     Additions               Balance at
                                        Beginning of    Charged to                 End of
                                           Year          Expense      Deductions    Year
----------------------------------------------------------------------------------------
Year Ended December 31, 2002:
     Allowance for doubtful accounts .  $         380  $        61   $       (16)  $ 425

Year Ended December 31, 2001:
     Allowance for doubtful accounts .  $         402  $       (15)  $        (7)  $ 380
     Marine vessel dry-docking reserve            300           11          (311)     --

Year Ended December 31, 2000:
     Allowance for doubtful accounts .  $       2,416  $        --   $    (2,014)  $ 402
     Marine vessel dry-docking reserve            633           14          (347)    300

</TABLE>






<PAGE>
                          PLM EQUIPMENT GROWTH FUND VI

                                INDEX OF EXHIBITS

<TABLE>
<CAPTION>

<S>                                                                    <C>
Exhibit .                                                               Page
-------                                                                 ----

4.. . . Limited Partnership Agreement of Partnership.                     *

4.1     Second Amendment to the Amended and Restated Limited Partnership
        Agreement.                                                        *

10.1    Management Agreement between Partnership and
        PLM Investment Management, Inc.                                   *

10.2    Note Agreement, dated as of December 21, 2001, regarding $30.0
        million term loan notes due December 21, 2006.                    *

10.3    Warehousing Credit Agreement dated as of April 13, 2001.          *

10.4    First Amendment to Warehousing Credit Agreement, dated as of
        December 21, 2001.                                                *

10.5    Second amendment to the Warehouse Credit Agreement, dated
        April 12, 2002. . .                                               *

10.6    Third amendment to the Warehouse Credit Agreement, dated
        July 11, 2002.                                                    *

10.7    October 2002 purchase agreement between PLM Transportation
        Equipment Corp.                                                   *

        Financial Statements required under Regulation S-X Rule 3-09:

99.1    Aero California Trust.

99.2    Lion Partnership.

99.3    Boeing 737-200 Trust S/N 24700.

99.4    Pacific Source Partnership

</TABLE>

* Incorporated by reference. See page 28 of this report.