<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q


[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2000

                                       OR

[ ]    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 0-27496

                       CRONOS GLOBAL INCOME FUND XVI, L.P.
             (Exact name of registrant as specified in its charter)


         California                                              94-3230380
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

         444 Market Street, 15th Floor, San Francisco, California 94111
         (Address of principal executive offices)             (Zip Code)

                                 (415) 677-8990
              (Registrant's telephone number, including area code)


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 [ ].


<PAGE>   2


                       CRONOS GLOBAL INCOME FUND XVI, L.P.


                  REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD
                               ENDED JUNE 30, 2000

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>


                                                                                                                        PAGE
<S>      <C>                                                                                                            <C>
PART I - FINANCIAL INFORMATION

  Item 1.   Financial Statements


            Condensed Balance Sheets - June 30, 2000 and December 31, 1999 (unaudited)                                     4


            Condensed Statements of Operations for the three and six months ended June 30, 2000 and 1999 (unaudited)       5


            Condensed Statements of Cash Flows for the six months ended June 30, 2000 and 1999 (unaudited)                 6


            Notes to Condensed Financial Statements (unaudited)                                                            7


  Item 2.   Management's Discussion and Analysis of Financial Condition and Results of Operations                         10


  Item 3.   Quantitative and Qualitative Disclosures About Market Risk                                                    11


PART II - OTHER INFORMATION


  Item 1.   Legal Proceedings                                                                                             12


  Item 6.   Exhibits and Reports on Form 8-K                                                                              13
</TABLE>



                                       2

<PAGE>   3

                         PART I - FINANCIAL INFORMATION


  Item 1.   Financial Statements

            Presented herein are the Registrant's condensed balance sheets as of
            June 30, 2000 and December 31, 1999, condensed statements of
            operations for the three and six months ended June 30, 2000 and
            1999, and condensed statements of cash flows for the six months
            ended June 30, 2000 and 1999.


                                       3

<PAGE>   4


                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                            CONDENSED BALANCE SHEETS

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                               June 30,         December 31,
                                                                                 2000               1999
                                                                             ------------       ------------
                        Assets
<S>                                                                          <C>                <C>
Current assets:
    Cash and cash equivalents, includes $1,345,616 at June 30, 2000 and
        $1,987,785 at December 31, 1999 in interest-bearing accounts         $  1,383,117       $  1,987,885
    Net lease receivables due from Leasing Company
        (notes 1 and 2)                                                           694,885            513,262
                                                                             ------------       ------------

             Total current assets                                               2,078,002          2,501,147
                                                                             ------------       ------------

Container rental equipment, at cost                                            31,613,510         26,618,929
    Less accumulated depreciation                                               6,407,945          5,542,131
                                                                             ------------       ------------
        Net container rental equipment                                         25,205,565         21,076,798
                                                                             ------------       ------------

Other assets                                                                      861,794             50,000
                                                                             ------------       ------------

             Total assets                                                    $ 28,145,361       $ 23,627,945
                                                                             ============       ============

                        Liabilities and partners' capital

Current liabilities:
    Current portion of equipment debt                                        $    840,600       $         --
                                                                             ------------       ------------

             Total current liabilities                                            840,600                 --
                                                                             ------------       ------------

    Equipment debt - long term                                                  4,203,000                 --
                                                                             ------------       ------------

             Total liabilities                                                  5,043,600                 --
                                                                             ------------       ------------

Partners' capital (deficit):
    General partner                                                               (17,987)           (12,730)
    Limited partners                                                           23,119,748         23,640,675
                                                                             ------------       ------------

             Total partners' capital                                           23,101,761         23,627,945
                                                                             ------------       ------------

             Total liabilities and partners' capital                         $ 28,145,361       $ 23,627,945
                                                                             ============       ============
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.


                                        4
<PAGE>   5

                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                       CONDENSED STATEMENTS OF OPERATIONS

                                   (UNAUDITED)

<TABLE>
<CAPTION>


                                                         Three Months Ended                   Six Months Ended
                                                    -----------------------------       --------------------------
                                                      June 30,          June 30,          June 30,          June 30,
                                                        2000              1999              2000              1999
                                                    -----------       -----------       -----------       -----------
<S>                                                 <C>               <C>               <C>               <C>
Net lease revenue (notes 1 and 3)                   $   978,948       $   655,589       $ 1,789,492       $ 1,334,502

Other operating expenses:
    Depreciation                                        463,271           402,688           876,694           805,204
    Other general and administrative expenses            23,870            11,113            44,338            24,823
                                                    -----------       -----------       -----------       -----------
                                                        487,141           413,801           921,032           830,027
                                                    -----------       -----------       -----------       -----------

        Income from operations                          491,807           241,788           868,460           504,475

Other income (expenses):
    Interest income                                      18,146            21,898            41,401            41,030
    Net gain (loss) on disposal of equipment               (137)           (1,938)             (488)            3,953
    Interest expense                                    (88,469)               --           (88,469)               --
                                                    -----------       -----------       -----------       -----------
                                                        (70,460)           19,960           (47,556)           44,983
                                                    -----------       -----------       -----------       -----------
        Net income                                  $   421,347       $   261,748       $   820,904       $   549,458
                                                    ===========       ===========       ===========       ===========

Allocation of net income:
    General partner                                 $    31,156       $    25,956       $    62,097       $    59,923
    Limited partners                                    390,191           235,792           758,807           489,535
                                                    -----------       -----------       -----------       -----------

                                                    $   421,347       $   261,748       $   820,904       $   549,458
                                                    ===========       ===========       ===========       ===========

Limited partners' per unit share of net income      $      0.24       $      0.15       $      0.47       $      0.31
                                                    ===========       ===========       ===========       ===========
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.


                                        5

<PAGE>   6


                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                       CONDENSED STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)



<TABLE>
<CAPTION>

                                                                Six Months Ended
                                                          -----------------------------
                                                            June 30,          June 30,
                                                             2000              1999
                                                          -----------       -----------
<S>                                                       <C>               <C>
Net cash provided by operating activities                 $   711,889       $ 1,471,077

Cash provided by (used in) investing activities:
   Proceeds from disposal of equipment                         30,431            27,206
   Purchase of container rental equipment                  (5,043,600)               --
                                                          -----------       -----------

Net cash provided by (used in) investing activities        (5,013,169)           27,206
                                                          -----------       -----------

Cash provided by (used in) financing activities:
   Distribution to partners                                (1,347,088)       (1,262,892)
   Borrowings from term facility                            5,043,600                --
                                                          -----------       -----------

Net cash provided by (used in) financing activities         3,696,512        (1,262,892)
                                                          -----------       -----------


Net increase (decrease) in cash and cash equivalents         (604,768)          235,391


Cash and cash equivalents at January 1                      1,987,885         1,843,812
                                                          -----------       -----------


Cash and cash equivalents at June 30                      $ 1,383,117       $ 2,079,203
                                                          ===========       ===========

Supplementary disclosure of cash flow information:
   Cash paid during the period for interest               $    52,417       $        --
                                                          ===========       ===========
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.


                                       6
<PAGE>   7




                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


(1)    Summary of Significant Accounting Policies

       (a)  Nature of Operations

            Cronos Global Income Fund XVI, L.P. (the "Partnership") is a limited
            partnership organized under the laws of the State of California on
            September 1, 1995, for the purpose of owning and leasing marine
            cargo containers, special purpose containers and container related
            equipment worldwide to ocean carriers. To this extent, the
            Partnership's operations are subject to the fluctuations of world
            economic and political conditions. Such factors may affect the
            pattern and levels of world trade. The Partnership believes that the
            profitability of, and risks associated with, leases to foreign
            customers is generally the same as those of leases to domestic
            customers. The Partnership's leases generally require all payments
            to be made in United States currency.

            Cronos Capital Corp. ("CCC") is the general partner and, with its
            affiliate Cronos Containers Limited (the "Leasing Company"), manages
            the business of the Partnership. CCC and the Leasing Company also
            manage the container leasing business for other partnerships
            affiliated with the general partner. The Partnership shall continue
            until December 31, 2015, unless sooner terminated upon the
            occurrence of certain events.

            The Partnership commenced operations on March 29, 1996, when the
            minimum subscription proceeds of $2,000,000 were received from over
            100 subscribers (excluding from such count Pennsylvania residents,
            the general partner, and all affiliates of the general partner). On
            February 3, 1997, CCC suspended the offer and sale of units in the
            Partnership. The offering terminated on December 27, 1997, at which
            time 1,599,667 limited partnership units had been purchased.

       (b)  Leasing Company and Leasing Agent Agreement

            The Partnership has entered into a Leasing Agent Agreement whereby
            the Leasing Company has the responsibility to manage the leasing
            operations of all equipment owned by the Partnership. Pursuant to
            the Agreement, the Leasing Company is responsible for leasing,
            managing and re-leasing the Partnership's containers to ocean
            carriers and has full discretion over which ocean carriers, and
            suppliers of goods and services it may deal with. The Leasing Agent
            Agreement permits the Leasing Company to use the containers owned by
            the Partnership, together with other containers owned or managed by
            the Leasing Company and its affiliates, as part of a single fleet
            operated without regard to ownership. Since the Leasing Agent
            Agreement meets the definition of an operating lease in Statement of
            Financial Accounting Standards (SFAS) No. 13, it is accounted for as
            a lease under which the Partnership is lessor and the Leasing
            Company is lessee.

            The Leasing Agent Agreement generally provides that the Leasing
            Company will make payments to the Partnership based upon rentals
            collected from ocean carriers after deducting direct operating
            expenses and management fees to CCC and the Leasing Company. The
            Leasing Company leases containers to ocean carriers, generally under
            operating leases which are either master leases or term leases
            (mostly one to five years). Master leases do not specify the exact
            number of containers to be leased or the term that each container
            will remain on hire but allow the ocean carrier to pick up and drop
            off containers at various locations; rentals are based upon the
            number of containers used and the applicable per-diem rate.
            Accordingly, rentals under master leases are all variable and
            contingent upon the number of containers used. Most containers are
            leased to ocean carriers under master leases; leasing agreements
            with fixed payment terms are not material to the financial
            statements. Since there are no material minimum lease rentals, no
            disclosure of minimum lease rentals is provided in these condensed
            financial statements.


                                       7                            (Continued)
<PAGE>   8


                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


       (c)  Basis of Accounting

            The Partnership utilizes the accrual method of accounting. Net lease
            revenue is recorded by the Partnership in each period based upon its
            leasing agent agreement with the Leasing Company. Net lease revenue
            is generally dependent upon operating lease rentals from operating
            lease agreements between the Leasing Company and its various
            lessees, less direct operating expenses and management fees due in
            respect of the containers specified in each operating lease
            agreement.

       (d)  Financial Statement Presentation

            These condensed financial statements have been prepared without
            audit. Certain information and footnote disclosures normally
            included in financial statements prepared in accordance with
            generally accepted accounting procedures have been omitted. It is
            suggested that these condensed financial statements be read in
            conjunction with the financial statements and accompanying notes in
            the Partnership's latest annual report on Form 10-K.

            The preparation of financial statements in conformity with
            accounting principles generally accepted in the United States (GAAP)
            requires the Partnership to make estimates and assumptions that
            affect the reported amounts of assets and liabilities and disclosure
            of contingent assets and liabilities at the date of the financial
            statements and the reported amounts of revenues and expenses during
            the reported period. Actual results could differ from those
            estimates.

            The interim financial statements presented herewith reflect all
            adjustments of a normal recurring nature which are, in the opinion
            of management, necessary to a fair statement of the financial
            condition and results of operations for the interim periods
            presented. The results of operations for such interim periods are
            not necessarily indicative of the results to be expected for the
            full year.


(2)    Net Lease Receivables Due from Leasing Company

       Net lease receivables due from the Leasing Company are determined by
       deducting direct operating payables and accrued expenses, base management
       fees payable, and reimbursed administrative expenses payable to CCC and
       its affiliates from the rental billings payable by the Leasing Company to
       the Partnership under operating leases to ocean carriers for the
       containers owned by the Partnership. Net lease receivables at June 30,
       2000 and December 31, 1999 were as follows:

<TABLE>
<CAPTION>

                                                                   June 30,         December 31,
                                                                     2000               1999
                                                                -------------      -------------

<S>                                                             <C>                <C>
            Gross lease receivables                             $   1,199,690      $     869,797
            Less:
            Direct operating payables and accrued expenses            294,755            223,001
            Damage protection reserve                                  29,106             25,021
            Base management fees payable                               88,755             68,101
            Reimbursed administrative expenses                         51,528             16,942
            Allowance for doubtful accounts                            40,661             23,470
                                                                -------------      -------------

            Net lease receivables                               $     694,885      $     513,262
                                                                =============      =============
</TABLE>


                                       8                            (Continued)
<PAGE>   9


                      CRONOS GLOBAL INCOME FUND XVI, L.P.

               NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


(3)    Net Lease Revenue

       Net lease revenue is determined by deducting direct operating expenses,
       base management fees and reimbursed administrative expenses to CCC and
       its affiliates from the rental revenue billed by the Leasing Company
       under operating leases to ocean carriers for the containers owned by the
       Partnership. Net lease revenue for the three and six-month periods ended
       June 30, 2000 and 1999 was as follows:

<TABLE>
<CAPTION>

                                                        Three Months Ended                Six Months Ended
                                                     --------------------------      -------------------------
                                                       June 30,        June 30,        June 30,        June 30,
                                                         2000            1999            2000            1999
                                                     ----------      ----------      ----------      ----------

<S>                                                  <C>             <C>             <C>             <C>
            Rental revenue (note 4)                  $1,231,358      $  931,210      $2,355,176      $1,895,152
            Less:
            Rental equipment operating expenses         115,863         163,582         290,931         335,239
            Base management fees                         77,452          64,630         154,955         131,316
            Reimbursed administrative expenses           59,095          47,409         119,798          94,095
                                                     ----------      ----------      ----------      ----------

                                                     $  978,948      $  655,589      $1,789,492      $1,334,502
                                                     ==========      ==========      ==========      ==========
</TABLE>


(4)    Operating Segment

       The Financial Accounting Standards Board has issued SFAS No. 131,
       "Disclosures about Segments of an Enterprise and Related Information,"
       which changes the way public business enterprises report financial and
       descriptive information about reportable operating segments. An operating
       segment is a component of an enterprise that engages in business
       activities from which it may earn revenues and incur expenses, whose
       operating results are regularly reviewed by the enterprise's chief
       operating decision maker to make decisions about resources to be
       allocated to the segment and assess its performance, and about which
       separate financial information is available. Management operates the
       Partnership's container fleet as a homogenous unit and has determined,
       after considering the requirements of SFAS No. 131, that as such it has a
       single reportable operating segment.

       The Partnership derives its revenues from cargo marine containers. As of
       June 30, 2000, the Partnership operated 4,503 twenty-foot, 1,492
       forty-foot and 1,655 forty-foot high-cube dry cargo marine containers, as
       well as 89 twenty-foot and 299 forty-foot refrigerated cargo containers,
       and 52 twenty-four thousand-liter tanks. A summary of gross lease
       revenue, by product, for the three and six-month periods ended June 30,
       2000 and 1999 follows:

<TABLE>
<CAPTION>

                                              Three Months Ended             Six Months Ended
                                         --------------------------      --------------------------
                                           June 30,        June 30,        June 30,        June 30,
                                            2000            1999            2000            1999
                                         ----------      ----------      ----------      ----------
<S>                                      <C>             <C>             <C>             <C>
            Dry cargo containers         $  835,897      $  513,138      $1,573,868      $1,051,120
            Refrigerated containers         355,011         376,371         700,231         755,219
            Tank containers                  40,450          41,701          81,077          88,813
                                         ----------      ----------      ----------      ----------

            Total                        $1,231,358      $  931,210      $2,355,176      $1,895,152
                                         ==========      ==========      ==========      ==========
</TABLE>

       Due to the Partnership's lack of information regarding the physical
       location of its fleet of containers when on lease in the global shipping
       trade, it is impracticable to provide the geographic area information
       required by SFAS No. 131.

                                     ******

                                       9

<PAGE>   10

Item 2. Management's Discussion and Analysis of Financial Condition and Results
        of Operations


It is suggested that the following discussion be read in conjunction with the
Registrant's most recent annual report on Form 10-K.

1)     Material changes in financial condition between June 30, 2000 and
       December 31, 1999.

       At June 30, 2000, the Registrant had $1,383,117 in cash and cash
       equivalents, a decrease of $604,768 from the cash balances at December
       31, 1999. At June 30, 2000, the Registrant had approximately $200,000 in
       cash generated from equipment sales reserved as part of its cash
       balances. The Registrant committed to purchase an additional 22
       forty-foot high-cube dry cargo marine containers, replacing containers
       which have been lost or damaged beyond repair at an aggregate cost of
       approximately $61,215. Throughout the remainder of 2000, the Registrant
       expects to use cash generated from equipment sales to purchase and
       replace containers which have been lost or damaged beyond repair.

       The Registrant's allowance for doubtful accounts increased from $23,470
       at December 31, 1999 to $40,661 at June 30, 2000. This increase was
       attributable to the delinquent account receivable balances of
       approximately eight lessees. The Leasing Company has either negotiated
       specific payment terms with these lessees or is pursuing other
       alternatives to collect the outstanding balances. In each instance, the
       Registrant believes it has provided sufficient reserves for all doubtful
       accounts.

       On March 30, 2000, the Registrant borrowed $3,305,600 under a term loan
       for the purpose of acquiring additional equipment. The Registrant
       borrowed an additional $1,011,000 on April 28, 2000 and an additional
       $727,000 on May 31, 2000. The term loan was obtained from one lending
       source allowing the Registrant to take advantage of equipment purchasing
       opportunities pursuant to the Registrant's Partnership Agreement. The
       loan, due to expire in the year 2006, is scheduled to be fully repaid in
       twenty-four quarterly installments from leasing revenue received by the
       Registrant.

       The Registrant's cash distribution from operations for the second quarter
       of 2000 was 8.0% (annualized) of the limited partners' original capital
       contributions, unchanged from the first quarter of 2000. These
       distributions are directly related to the Registrant's results from
       operations and may fluctuate accordingly.

       The growth in the volume of world trade, a rise in exports to the Far
       East, and the global effects of a strong U.S. economy have resulted in
       improved market conditions for the container leasing industry. As a
       result of these and other factors, including repositioning initiatives
       implemented earlier in the year, utilization of the Registrant's fleet of
       containers has exhibited steady improvement in recent months. In
       addition, new container prices, as well as interest rates, have been
       rising from historically low levels. During such times, ocean carriers
       tend to reduce their capital spending to supplement their owned fleets of
       containers in favor of leasing. The pressure on per diem rates has
       impacted the Registrant's revenues, but there has been some rate
       stabilization in recent months. The Registrant will continue to take
       advantage of improving market conditions by repositioning equipment to
       locations of greatest demand as well as seeking out leasing opportunities
       that will strengthen utilization and enhance the performance of the
       fleet.

2)     Material changes in the results of operations between the three and
       six-month periods ended June 30, 2000 and 1999.

       Net lease revenue for the three and six-month periods ended June 30, 2000
       was $978,948 and $1,789,492, respectively, an increase of approximately
       49% and 34%, from the same respective three and six-month periods in the
       prior year. Gross rental revenue (a component of net lease revenue) for
       the three and six-month periods ended June 30, 2000 was $1,231,358 and
       $2,355,176, respectively, reflecting an increase of 32% and 24%, from the
       same respective three and six-month periods in the prior year. This
       increase can be attributable to the rental revenue earned on the
       Registrant's purchase of additional equipment. Dry cargo container
       average per-diem rental rates for the three and six-month periods ended
       June 30, 2000 declined approximately 3% and 6%, respectively, when
       compared to the same three and six-month periods in the prior year.
       Refrigerated container average per-diem rental rates for both the three
       and six-month periods ended June 30, 2000 declined 5% when compared to
       the same periods in the prior year. Tank container average per-diem
       rental rates for the three and six-month periods ended June 30,2000
       declined 12% and 11%, respectively, when compared to the sam periods in
       the prior year.



                                       10                           (Continued)
<PAGE>   11



       The Registrant's average fleet size and utilization rates for the three
       and six-month periods ended June 30, 2000 and 1999 were as follows:
<TABLE>
<CAPTION>

                                                                          Three Months Ended             Six Months Ended
                                                                        -----------------------       -----------------------
                                                                        June 30,       June 30,       June 30,       June 30,
                                                                          2000           1999           2000           1999
                                                                        --------       --------       --------       --------
<S>                                                                     <C>            <C>            <C>            <C>
            Average fleet size (measured in twenty-foot equivalent
                units (TEU))
                    Dry cargo containers                                   9,401          6,830          7,923          6,835
                    Refrigerated containers                                  687            688            687            688
                    Tank containers                                           52             52             52             52
            Average Utilization
                    Dry cargo containers                                      86%            75%            83%            75%
                    Refrigerated containers                                   99%            99%            97%            99%
                    Tank containers                                           74%            75%            74%            76%
</TABLE>


       Rental equipment operating expenses, as a percentage of the Registrant's
       gross lease revenue, were 9% and 12%, respectively, during the three and
       six-month periods ended June 30, 2000, compared to 18% during each of the
       three and six-month periods ended June 30, 1999. Base management fees
       during the three and six-month periods ended June 30, 2000 increased 20%
       and 18%, respectively, when compared to the same three and six-month
       periods in the prior year as a result of higher gross rental revenues.



Item 3.    Quantitative and Qualitative Disclosures About Market Risk

           Not applicable.

                                       11

<PAGE>   12

                           PART II - OTHER INFORMATION


Item 1.    Legal Proceedings

On March 20, 2000, KM Investments, LLC, a California limited liability company
("KM") filed its complaint (the "Complaint") in the Superior Court for the
County of Los Angeles against CCC, as general partner of the Partnership,
alleging violation of the California Revised Limited Partnership Act, breach of
fiduciary duty, and unfair competition. KM claims to be an assignee of units of
limited partnership interests in the Partnership and six other California
limited partnerships (collectively, the "Cronos Partnerships") managed by CCC as
general partner. KM, which is in the business of making unregistered tender
offers for up to 4.9% of the outstanding interests in limited partnerships,
claims that CCC has wrongfully refused to provide KM with lists of the limited
partners of the Cronos Partnerships to enable KM to make unregistered tender
offers to the limited partners of the Cronos Partnerships.

KM asks for declaratory relief, damages according to proof, attorneys' fees,
costs, interest, a temporary restraining order and/or a preliminary injunction
barring CCC from giving limited partner lists to any other party before
delivering such lists to KM, punitive damages, and an order prohibiting CCC from
receiving reimbursement of its legal fees incurred in defending the action from
the Cronos Partnerships.

On April 24, 2000, CCC filed its demurrer to the Complaint and its motion to
strike those portions of the Complaint seeking punitive damages. By its
demurrer, CCC asserted that KM, as an assignee of units of the Cronos
Partnerships, is not entitled to review or receive a copy of the lists of the
limited partners of the Cronos Partnerships; that CCC has not breached any
fiduciary duty to KM; and that CCC has not engaged in unfair competition as
alleged by KM. CCC requested that the Court dismiss KM's Complaint.

On June 8, 2000, the Court heard CCC's demurrer, and sustained (i.e., granted)
it in its entirety, allowing KM thirty days to file an amended complaint. KM did
so on or about July 10, 2000, asserting the same causes of action as set forth
in its original complaint. CCC intends to demur to KM's amended complaint and to
move to strike those portions of the complaint seeking punitive damages. CCC
believes that KM's complaint is without merit.

                                       12

<PAGE>   13

                     PART II - OTHER INFORMATION (CONTINUED)


Item 6.    Exhibits and Reports on Form 8-K

(a)    Exhibits

<TABLE>
<CAPTION>

                  Exhibit
                    No.                                 Description                                            Method of Filing
                  -------       ---------------------------------------------------------------------      ------------------------
                  <S>           <C>                                                                        <C>
                    3(a)        Limited Partnership Agreement of the Registrant, amended and restated      *
                                as of December 28, 1995

                    3(b)        Certificate of Limited Partnership of the Registrant                       **

                    10          Form of Leasing Agent Agreement with Cronos Containers Limited             ***

                    10.1        Note Purchase Agreement, dated as of March 30,
                                2000, by and between Filed with this document
                                the Registrant (the "Company"), Cronos
                                Containers Limited (the "Guarantor") and IBJ
                                Whitehall Business Credit Corporation (the
                                "Purchaser")

                    10.2        Guarantee, dated as of March 30, 2000, by and between the Guarantor,       Filed with this document
                                the Company and the Purchaser.

                    10.3        Secured note, dated as of March 30, 2000, by and between the Company       Filed with this document
                                and the Purchaser

                    10.4        Pledge and Security Agreement, dated as of March 30, 2000, by and          Filed with this document
                                between the Registrant (the "Debtor") and IBJ Whitehall Business
                                Credit Corporation (the "Secured Party)"

                    27          Financial Data Schedule                                                    Filed with this document
</TABLE>


(b)    Reports on Form 8-K

       No reports on Form 8-K were filed by the Registrant during the quarter
ended June 30, 2000.







------------------
*      Incorporated by reference to Exhibit "A" to the Prospectus of the
       Registrant dated December 28, 1995, included as part of Registration
       Statement on Form S-1 (No. 33-98290)

**     Incorporated by reference to Exhibit 3.2 to the Registration Statement on
       Form S-1 (No. 33-98290)

***    Incorporated by reference to Exhibit 10.2 to the Registration Statement
       on Form S-1 (No. 33-98290)

                                       13
<PAGE>   14


                                   SIGNATURES


           Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.




                                      CRONOS GLOBAL INCOME FUND XVI, L.P.


                                      By Cronos Capital Corp.
                                         The General Partner




                                      By /s/ Dennis J. Tietz
                                        ----------------------------------------
                                         Dennis J. Tietz
                                         President and Director of Cronos
                                           Capital Corp. ("CCC")
                                         Principal Executive Officer of CCC




Date: August 14, 2000


                                       14

<PAGE>   15

                                  EXHIBIT INDEX
<TABLE>
<CAPTION>

                  Exhibit
                    No.                                 Description                                            Method of Filing
                  -------       ---------------------------------------------------------------------      ------------------------
                  <S>           <C>                                                                        <C>
                    3(a)        Limited Partnership Agreement of the Registrant, amended and restated      *
                                as of December 28, 1995

                    3(b)        Certificate of Limited Partnership of the Registrant                       **

                    10          Form of Leasing Agent Agreement with Cronos Containers Limited             ***

                    10.1        Note Purchase Agreement, dated as of March 30,
                                2000, by and between Filed with this document
                                the Registrant (the "Company"), Cronos
                                Containers Limited (the "Guarantor") and IBJ
                                Whitehall Business Credit Corporation (the
                                "Purchaser")

                    10.2        Guarantee, dated as of March 30, 2000, by and between the Guarantor,       Filed with this document
                                the Company and the Purchaser.

                    10.3        Secured note, dated as of March 30, 2000, by and between the Company       Filed with this document
                                and the Purchaser

                    10.4        Pledge and Security Agreement, dated as of March 30, 2000, by and          Filed with this document
                                between the Registrant (the "Debtor") and IBJ Whitehall Business
                                Credit Corporation (the "Secured Party)"

                    27          Financial Data Schedule                                                    Filed with this document
</TABLE>




------------------

*      Incorporated by reference to Exhibit "A" to the Prospectus of the
       Registrant dated December 28, 1995, included as part of Registration
       Statement on Form S-1 (No. 33-98290)

**     Incorporated by reference to Exhibit 3.2 to the Registration Statement on
       Form S-1 (No. 33-98290)

***    Incorporated by reference to Exhibit 10.2 to the Registration Statement
       on Form S-1 (No. 33-98290)