SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D.C.  20549
                          
                                 FORM 10-QSB


     [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
         THE SECURITIES EXCHANGE ACT OF 1934                     
     
     For the quarterly period ended June 30, 1998

                            

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

     For the transition period from _____________to_____________ 
     
     Commission File Number:   0-21242                           
     
     TRIUMPHE LEASING VIII L.P.                                  
     (Exact name of small business issuer 
      as specified in its charter)

     Illinois                             36-3799482             
     (State or other jurisdiction of      (I.R.S. Employer
     incorporation or organization)       Identification No.)
     
     630 Dundee Road, Suite 345, Northbrook, Illinois  60062      
     (Address of principal executive offices)      (Zip Code)  

     847-509-1500                                                
     (Issuer's telephone number)


                                                                 
     (Former name, former address and former fiscal year, if 
     changed since last report)

     Check whether the issuer: (1) filed all reports required to
     be filed by Sections 13 or 15(d) of the Exchange Act during  
     the past 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.    
                                        [X]Yes     [ ]No
                                                                  
                                                  Page 1 of 13
<PAGE>
<TABLE>


                               PART I
                        FINANCIAL INFORMATION

                    ITEM 1.   FINANCIAL STATEMENTS
                                         
                      TRIUMPHE LEASING VIII L.P.
                           BALANCE SHEETS
<CAPTION>
                                     
                               June 30, 1998    December 31, 1997
                               -------------    ----------------- 
                                (Unaudited)          
<S>                              <C>                  <C>
ASSETS

CURRENT ASSETS:
  Cash and equivalents           $  88,424            $  83,982  
  Accounts Receivable                  987                1,250 
  Net investment in direct   
    financing leases                  -                  74,866  
                                  ---------            ---------
     TOTAL CURRENT ASSETS           89,411              160,098   
                                  ---------            ---------

COMPUTER EQUIPMENT ON OPERATING LEASES,
  less accumulated depreciation of
  $922,141 and $876,589            125,426              166,603
                                  ---------            ---------
OTHER ASSETS:
  Net investment in direct  
      financing leases                -                  21,052   
                                  ---------            ---------
     TOTAL OTHER ASSETS                                         
                                 $ 214,837            $ 347,753   
                                  =========            =========
<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>

                                                  Page 2 of 13
<PAGE>
<TABLE>


                               PART I
                        FINANCIAL INFORMATION

              ITEM 1.  FINANCIAL STATEMENTS - CONTINUED
                        
                      TRIUMPHE LEASING VIII L.P.                  
                           BALANCE SHEETS
<CAPTION>
                              June 30, 1998     December 31, 1997
                              -------------     -----------------
                               (Unaudited)         
<S>                              <C>                <C>
LIABILITIES AND PARTNERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable               $     2,814        $      -   
  Current maturities of 
      long-term debt                 157,310            227,060  
  Other liabilities                   11,032              3,601
                                  -----------        -----------
      TOTAL CURRENT LIABILITIES      171,156            230,661  
                                  -----------        -----------
LONG-TERM DEBT, 
  less current maturities            217,033            183,411
Accrued Management Fees              454,487            470,845
                                  -----------        -----------
      TOTAL LONG-TERM LIABILITIES    671,520            654,256

      TOTAL LIABILITIES              842,676            884,917  
                                  -----------        -----------
PARTNERS' DEFICIT:
  General Partners                    (5,734)            (4,827)
  Limited Partners                  (622,105)          (532,337)
                                  -----------        -----------
      TOTAL PARTNERS' DEFICIT       (627,839)          (537,164)
                                  -----------        -----------
                                 $   214,837        $   347,753
                                  ===========        ===========
<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>                                                       
                                                  Page 3 of 13
<PAGE>
<TABLE>
                          
                      TRIUMPHE LEASING VIII L.P.
                       STATEMENTS OF OPERATIONS                  
<CAPTION>

                                 Six Months       Six Months
                                    Ended            Ended   
                                June 30, 1998     June 30, 1997
                                -------------     -------------
                                 (Unaudited)       (Unaudited)
<S>                               <C>               <C>
REVENUES:
  Lease Income                    $   129,416       $   251,430
  Interest Income                         604                45
  Loss on Sale of Equipment           (60,846)         (161,700)
                                   -----------       -----------
 TOTAL REVENUES                        69,174            89,775 
                                   -----------       -----------  
OPERATING EXPENSES:
  Interest                             13,853            44,221
  Depreciation & Amortization          46,149           134,297
  Remarketing Commissions Paid
    to Outside Lease Brokers           10,773            45,598
  Administrative                        5,249            75,716 
                                   -----------       -----------
  TOTAL OPERATING EXPENSES             76,024           299,832 
                                   -----------       -----------
NET LOSS                          $    (6,850)      $  (210,057)
                                   ===========       ===========  
       
NET LOSS ALLOCATED TO: 
  General Partners                $       (69)      $    (2,101)
  Limited Partners                     (6,781)         (207,956)
                                   -----------       -----------
                                  $    (6,850)      $  (210,057)
                                   ===========       ===========
 
WEIGHTED AVERAGE UNITS OUTSTANDING
   DURING THE PERIOD:
   General Partners                    1.2894            1.2894
   Limited Partners                  127.6554          127.6554

BASIC AND FULLY DILUTED EARNINGS PER UNIT:
   General Partners               $      (53)       $    (1,629)
   Limited Partners               $      (53)       $    (1,629)

<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>                                                
                                                  Page 4 of 13
<PAGE>
<TABLE>
                           
                      TRIUMPHE LEASING VIII L.P.
                       STATEMENTS OF OPERATIONS                   


                               Three Months      Three Months
                                  Ended             Ended   
                              June 30, 1998     June 30, 1997
                              -------------     -------------
                               (Unaudited)       (Unaudited)
<S>                              <C>               <C>
REVENUES:
  Lease Income                   $   68,781        $   98,643
  Loss on Sale of Equipment         (59,846)         (161,700)
                                  ----------        ----------
 TOTAL REVENUES                       8,935           (63,057)
                                  ----------        ----------
OPERATING EXPENSES:
  Interest                            6,430            15,965
  Depreciation & Amortization        23,171            39,552
  Remarketing Commissions Paid
    to Outside Lease Brokers          6,009            44,438
  Administrative                      4,272            27,519 
                                  ----------        ----------
  TOTAL OPERATING EXPENSES           39,882           127,474 
                                  ----------        ----------
NET LOSS                         $  (30,947)       $ (190,531)
                                  ==========        ==========

NET LOSS ALLOCATED TO: 
  General Partners               $     (309)       $   (1,905)
  Limited Partners                  (30,638)         (188,626)
                                  ----------        ----------
                                 $  (30,947)       $ (190,531)
                                  ==========        ==========
 
WEIGHTED AVERAGE UNITS OUTSTANDING
   DURING THE PERIOD:
   General Partners                  1.2894            1.2894
   Limited Partners                127.6554          127.6554

BASIC AND FULLY DILUTED EARNINGS PER UNIT:
   General Partners              $    (240)        $   (1,477)
   Limited Partners              $    (240)        $   (1,477)

<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>                                                
                                                  Page 5 of 13
<PAGE>
<TABLE>
     
                          TRIUMPHE LEASING VIII L.P.
                         STATEMENT OF PARTNERS' EQUITY
                       
                        Six Months Ended June 30, 1998
                                  (Unaudited)

<CAPTION>
                                                                 
                                        GENERAL       LIMITED
                           TOTAL        PARTNERS      PARTNERS
                           -----        --------      -------- 
<S>                        <C>          <C>           <C>
PARTNERS' EQUITY         
  Beginning of period      $ (537,164)  $  (4,827)    $ (532,337)

DISTRIBUTIONS                 (83,825)       (838)       (82,987)
NET LOSS                       (6,850)        (69)        (6,781) 
                            ----------   ---------     ----------
PARTNERS' DEFICIT
  End of period            $ (627,839)  $  (5,734)    $ (622,105)
                            ==========   =========     ==========
<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                  Page 6 of 13
<PAGE>
<TABLE>
                                               
                         TRIUMPHE LEASING VIII L.P.  
                          STATEMENTS OF CASH FLOWS 
<CAPTION>                                     

                               Six Months        Six Months  
                                  Ended             Ended
                             June 30, 1998     June 30, 1997
                             -------------     -------------      
                                (Unaudited)       (Unaudited)
<S>                             <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES: 
  Net loss                      $    (6,850)       $  (210,057) 
  Adjustments to reconcile 
   net loss to net cash
   provided by operating
   activities: 
        
    Depreciation & Amortization      46,149            134,297  
    Loss on sale of equipment 
      under lease                    60,846            161,700  
    Amortization of unearned 
      income                         (7,029)           (51,924)

  Changes in assets and liabilities:
    Decrease in accounts receivable     263             19,798  
    (Decrease) in prepaid expense      -                  (991)
    Increase (Decrease) in
      accounts payable                2,814             (4,718)
    (Decrease) Increase in 
      accrued management fees       (16,358)            44,525 
    Increase (Decrease) in other
      liabilities                     7,431             (3,037)
                                 -----------        -----------
       Net cash provided by  
       operating activities          87,266             89,593 
                                 -----------        -----------
CASH FLOWS FROM INVESTING ACTIVITIES: 
  Principal payments received under                            
    direct financing leases          36,129          1,288,102
  Proceeds from sale of 
    equipment under lease             1,000             10,641 
                                 -----------        -----------
       Net cash provided by  
       investing activities          37,129          1,298,743 
                                 -----------        -----------

CASH FLOWS FROM FINANCING ACTIVITIES: 
  Distributions to partners         (83,825)          (167,584)
  Proceeds from issuance of 
    nonrecourse debt                 75,718            161,524  
  Principal payments of 
    nonrecourse debt               (111,846)        (1,370,124)
                                 -----------        -----------
       Net cash used in 
       financing activities        (119,953)        (1,376,184)
                                 -----------        -----------
NET INCREASE IN CASH 
 AND EQUIVALENTS                      4,442             12,152

CASH AND EQUIVALENTS, 
  at the beginning of the period     83,982             78,906 
                                 -----------        -----------
CASH AND EQUIVALENTS,
  at the end of the period      $    88,424        $    91,058  
                                              
SUPPLEMENTAL DISCLOSURE OF 
CASH FLOW INFORMATION:
  Cash paid during the period
    for interest                $    13,853        $    44,221

<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                  Page 7 of 13    
<PAGE>
                                               
                         TRIUMPHE LEASING VIII L.P. 
                          STATEMENTS OF CASH FLOWS 
                                     
                                Three Months     Three Months  
                                   Ended            Ended
                               June 30, 1998    June 30, 1997
                               -------------    ------------- 
                                (Unaudited)      (Unaudited)
[S]                             [C]               [C]
CASH FLOWS FROM OPERATING ACTIVITIES: 
  Net loss                      $   (30,947)      $ (190,531) 
  Adjustments to reconcile 
  net loss to net cash
  provided by operating 
  activities: 
                                                     
  Depreciation & Amortization        23,171           39,552  
  Loss on sale of equipment 
    under lease                      59,846          161,700 
  Amortization of unearned income    (2,462)         (19,347)

  Changes in assets and liabilities:
    Increase in accounts receivable    -             (12,273)
    Decrease in prepaid expenses       -                 495  
    (Decrease) Increase in accounts 
      payable                        (3,391)         (12,315)
    Increase in accrued management
      fees                            2,448           21,708
    Increase (Decrease) in other 
      liabilities                     7,959           (5,629)
                                 -----------      -----------
       Net cash provided by
         (used in) operating 
         activities                  56,624          (16,640)
                                 -----------      -----------

CASH FLOWS FROM INVESTING ACTIVITIES: 
  Principal payments received under                            
    direct financing leases          14,452          644,051
  Proceeds from sale of equipment 
    under lease                        -              10,641 
                                 -----------      -----------
       Net cash provided by  
       investing activities          14,452          654,692 
                                 -----------      -----------

CASH FLOWS FROM FINANCING ACTIVITIES: 
  Distributions to partners         (19,366)        (103,124)
  Proceeds from issuance of 
    nonrecourse debt                 75,718          161,524
  Principal payments of
    nonrecourse debt                (54,579)        (665,239)
                                 -----------      -----------
       Net cash provided by
         (used in) financing 
         activities                   1,773         (606,839)
                                 -----------      -----------

NET INCREASE IN CASH
 AND EQUIVALENTS                     72,849           31,213

CASH AND EQUIVALENTS, 
  at the beginning of the period     15,575           59,845 
                                 -----------      -----------
CASH AND EQUIVALENTS,
  at the end of the period      $    88,424       $   91,058  
                                 ===========      ===========
SUPPLEMENTAL DISCLOSURE OF 
CASH FLOW INFORMATION:
  Cash paid during the period 
    for interest                $     6,430       $   15,965

[FN]
See accompanying notes to financial statements (Unaudited)
[/TABLE]
                                                  Page 8 of 13    
<PAGE>
                        
                          TRIUMPHE LEASING VIII L.P.
                         NOTES TO FINANCIAL STATEMENTS 
[CAPTION]                                        
                                         
NOTE 1 - FINANCIAL INFORMATION
     
    The financial information included herein at June 30, 1998
and each of the six months and three months ended June 30, 1998,
and June 30, 1997, is unaudited and, in the opinion of the
partnership, reflects all adjustments (which include only normal
recurring adjustments) necessary for the fair presentation of the
financial position as of those dates and the results of operation
for those periods.

    The results for interim periods are not necessarily
indicative of trends or of results to be expected for a full
year.


NOTE 2 - ORGANIZATION 

    The partnership was formed on December 10, 1991, under the
Revised Uniform Limited Partnership Act of the State of Illinois. 
The partnership's business is to acquire, own, lease, maintain,
manage and sell equipment.  The quarter ended June 30, 1998 was
the twenty-sixth quarter of operations.


NOTE 3 - DESCRIPTION OF LEASING ARRANGEMENTS
     
    The partnership's leasing operations consist principally of
leased equipment which it has acquired from third-party
independent lease brokers.  It is the partnership's intention to
re-lease such equipment to the existing lessee, lease such
equipment to a new lessee, or to sell the equipment at the end of
each lease.  The leases expire over the next three years.  The
cost of each lease includes an equity investment plus any non-
recourse loans obtained to finance the purchase. 

      
NOTE 4 - EQUIPMENT 
       
    Equipment is recorded at cost.  Depreciation is computed
using the double declining balance method over the estimated
useful lives of the assets (five years).

                                                  Page 9 of 13  
<PAGE>

                           TRIUMPHE LEASING VIII L.P.
                         NOTES TO FINANCIAL STATEMENTS


NOTE 5 - NET INVESTMENT IN LEASES 
                                            
      At June 30, 1998, minimum lease payments for direct
financing and operating leases for each of the succeeding
calendar years are expected to be received as follows: 


                  YEAR                    AMOUNT                  

                                                               
                  1999                     192,716
                  2000                      92,290
                  2001                      42,540
                  2002                       7,090
                   

                                                  Page 10 of 13
<PAGE>
 
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS 

The partnership commenced the offering of units and began
operations on March 27, 1992, and commenced the acquisition of
equipment in June of 1992.  As of December 31, 1993 the
partnership ceased the sale of Investor Limited Partner Units.  A
total of $2,514,768 in units had been sold through December 31,
1993.  At June 30, 1998 the partnership had acquired $19,119,937
of leased equipment with an equity investment of $2,157,130 and
non-recourse bank borrowing of $16,962,807.

OPERATIONS
Total revenues decreased to $69,174 for the first two quarters of
the fiscal year ending December 31, 1998 ("fiscal 1998") from
$89,775 for the first two quarters of the fiscal year ended
December 31, 1997 ("fiscal 1997").  Total revenues consist of
lease rental income, interest earned on short-term money market
investments, and the net loss on sale of equipment.  The decrease
in total revenues from the first two quarters of fiscal 1997 to
the first two quarters of fiscal 1998, was due primarily to the
loss of rental income attributable to the expiration of leases
and the net loss on sale of equipment.
                                                     
Operating expenses decreased to $76,024 for the first two
quarters of fiscal 1998 from $299,832 for the first two quarters
of fiscal 1997.  Operating expenses consist of interest on
nonrecourse financing of equipment purchased, depreciation of
equipment, amortization of organization expenses, and
administrative expenses.  The decrease in operating expenses from
the first two quarters of fiscal 1997 to the first two quarters
of fiscal 1998 resulted primarily from the reduction of equipment
on lease.

The partnership does not plan to invest in additional equipment. 
Future results depend on the collection of rents on existing and
extended leases, disposition of equipment from expired leases,
and interest earned on short-term money market investments.

LIQUIDITY AND CAPITAL RESOURCES
Liquid assets of the partnership increase principally from cash
flows from operations.  Cash and cash equivalents of the
partnership at June 30, 1998 include undistributed cash available
from operations during the period March 27, 1992 to June 30,
1998.  

The partnership has a program which provides for the temporary
investment of cash in various short-term money market instruments
pending disbursements for operations or distributions to
partners. 
 
The partnership generally financed the purchase of equipment by
the use of loans in an amount in excess of 50% of the purchase
price thereof.  All of the loans incurred were non-recourse to
the partnership and were or will be fully amortized by the
monthly rental payments due to the partnership under related
leases.

The partnership maintains, to the extent practicable, a working
capital and contingency reserve in an amount not to exceed 1% of
the gross proceeds from the offering of units, subject to
business and distribution requirements.  Such amount, together
with any amount reserved from operations, will be available to
meet working capital requirements and to provide for
contingencies.
                                            
                                                  Page 11 of 13
<PAGE>

                            TRIUMPHE LEASING VIII L.P.
                           PART II - OTHER INFORMATION 


NONE

                                                  Page 12 of 13   
<PAGE>  
 
                           SIGNATURES 


        
In accordance with the requirements of the Exchange Act, the
Registrant has caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized. 


                      TRIUMPHE LEASING VIII L.P. 
                      By:  TL GENERAL VIII CORP., 
                      Its:  General Partner



  Date  August 5, 1998          By: /s/ Gerald A. Horwitz         
       ---------------------     ------------------------------- 
                                 Gerald A. Horwitz, President
                                 of the Corporate General Partner
                                 (Principal Executive Officer) 


  Date  August 5, 1998          By: /s/ Jerry L. Schwartz         
       ---------------------      ------------------------------- 
                                 Jerry L. Schwartz, 
                                 Vice President, 
                                 Secretary and Treasurer 
                                 of the Corporate General Partner
                                 (Principal Financial and 
                                 Accounting Officer) 


  Date  August 5, 1998          By: /s/ Gerald A. Horwitz         
       --------------------       ------------------------------- 
                                  Gerald A. Horwitz 
                                  Its: General Partner

                                                  Page 13 of 13