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         March 31, 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 11
<PAGE>
<TABLE>

                               PART I
                        FINANCIAL INFORMATION

                    ITEM 1.   FINANCIAL STATEMENTS
                                         
                      TRIUMPHE LEASING VIII L.P.
                           BALANCE SHEETS
<CAPTION>

                              March 31, 1998   December 31, 1997
                              --------------   -----------------  
                                (Unaudited)          
<S>                              <C>                 <C>
ASSETS

CURRENT ASSETS:
  Cash and equivalents           $    15,575         $    83,982
  Accounts receivable                    987               1,250
  Net investment in direct 
    financing leases                  78,808              74,866
                                   ---------          ----------  
         TOTAL CURRENT ASSETS         95,370             160,098
                                   ---------          ----------  
  COMPUTER EQUIPMENT ON OPERATING LEASES,
  less accumulated depreciation of
  $ 898,970 and $ 876,589            141,625             166,603
                                   ---------          ----------
OTHER ASSETS:
  Net investment in direct  
      financing leases, 
      less current portion              -                 21,052 
                                  ----------          ----------
                                 $   236,995         $   347,753
                                  ==========          ==========  
<FN>  
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                     Page 2 of 11
<PAGE>
<TABLE>

                               PART I
                        FINANCIAL INFORMATION

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

CURRENT LIABILITIES:
  Accounts payable                $     6,205        $       -    
  Current maturities of 
      long-term debt                  211,008             227,060 
  Other liabilities                     3,073               3,601 
                                    ---------           ---------
      TOTAL CURRENT LIABILITIES       220,286             230,661 
                                    ---------           --------- 
  Long-term debt, 
  less current maturities             142,196             183,411 
  Accrued management fees             452,039             470,845 
                                    ---------           --------- 
      TOTAL LONG-TERM LIABILITIES     594,235             654,256 
                                    ---------           ---------
      TOTAL LIABILITIES               814,521             884,917 
                                    ---------           --------- 
 PARTNERS' DEFICIT:     
  General Partners                    (5,231)             (4,827)
  Limited Partners                  (572,295)           (532,337)
                                    ---------           --------- 
      TOTAL PARTNERS' DEFICIT       (577,526)           (537,164)
                                    ---------           --------- 
                                   $  236,995          $  347,753 
                                    =========           ========= 
<FN> 
See accompanying notes to financial statements (Unaudited)
</TABLE>                                                       
                                                     Page 3 of 11
<PAGE>
<TABLE>
                           
                      TRIUMPHE LEASING VIII L.P.
                       STATEMENTS OF OPERATIONS                   
<CAPTION>
                                 Three Months       Three Months
                                     Ended              Ended   
                                March 31, 1998     March 31, 1997
                                --------------     --------------
                                  (Unaudited)        (Unaudited)
<S>                               <C>                <C>
REVENUES:
  Lease Income                    $    60,635        $   152,788
  Interest Income                         604                 45
  Loss on Sale of Equipment           (1,000)               -    
                                   ----------         ----------  
    TOTAL REVENUES                     60,239            152,833 
                                   ----------         ----------
OPERATING EXPENSES:
  Interest                              7,423             28,256
  Depreciation & Amortization          22,978             94,746
  Remarketing Commissions Paid
    to Outside Lease Brokers            4,763              1,160
  Administrative                          978             48,198 
                                   ----------         ----------  
      TOTAL OPERATING EXPENSES         36,142            172,360 
                                   ----------         ----------  
        NET INCOME (LOSS)         $    24,097        $  (19,527)
                                   ==========         ==========  
      
NET INCOME (LOSS) ALLOCATED TO: 
  General Partners                $       241        $     (195)
  Limited Partners                     23,856           (19,332)
                                   ----------         ----------  
                                  $    24,097        $  (19,527)
                                   ==========         ==========  
    
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 WEIGHTED AVERAGE UNIT:
   General Partners                    $  187           $  (151)
   Limited Partners                    $  187           $  (151)
<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>                                                
                                                     Page 4 of 11
<PAGE>
<TABLE>     
                           TRIUMPHE LEASING VIII L.P.
                         STATEMENT OF PARTNERS' DEFICIT
                       
                       Three Months Ended March 31, 1998
                                  (Unaudited)


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

DISTRIBUTIONS               (64,459)         (645)       (63,814)
NET INCOME                   24,097           241         23,856 
                          ----------      --------     ---------- 
PARTNERS' DEFICIT
  End of period         $  (577,526)     $ (5,231)   $  (572,295)
                          ==========      ========     ========== 
<FN>      
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                     Page 5 of 11
<PAGE>
<TABLE>                                               
                         TRIUMPHE LEASING VIII L.P. 
                          STATEMENTS OF CASH FLOWS 
                                     
                                 Three Months       Three Months  
                                    Ended              Ended
                                March 31, 1998     March 31, 1997
                                --------------     -------------- 
                                  (Unaudited)        (Unaudited)
<S>                               <C>                <C>  
CASH FLOWS FROM OPERATING ACTIVITIES: 
  Net income (loss)               $    24,097        $   (19,527) 
  Adjustments to reconcile 
  net income (loss) to net 
  cash provided by operating 
  activities: 
        
  Depreciation & amortization          22,978             94,746
  Loss on sale of equipment 
   under lease                          1,000               -     
  Amortization of unearned income      (4,567)           (32,577)

  Changes in assets and liabilities:
    Decrease in accounts receivable       263             32,071
    Increase in prepaid expenses         -                (1,486) 
    (Decrease) Increase in accounts
      payable and accrued management 
      fees                            (12,601)            30,414
    (Decrease) Increase in other 
      liabilities                        (528)             2,592 
                                    ----------        -----------
       Net cash provided by  
       operating activities            30,642            106,233 
                                    ----------        ----------- 
           
CASH FLOWS FROM INVESTING ACTIVITIES: 
  Principal payments received under                            
    direct financing leases            21,677            644,050
  Proceeds from sale of equipment 
    under lease                         1,000               -    
                                    ----------        ----------- 
        Net cash provided by  
        investing activities           22,677            644,050 
                                    ----------        -----------
CASH FLOWS FROM FINANCING ACTIVITIES: 
  Distributions to partners           (64,459)           (64,459)
  Principal payments of nonrecourse 
   debt                               (57,267)          (704,885)
                                    -----------       ----------- 
        Net cash used in
        financing activities         (121,726)          (769,344)
                                    -----------       ----------- 

NET DECREASE IN CASH AND EQUIVALENTS  (68,407)           (19,061)

CASH AND EQUIVALENTS, 
  at the beginning of the period       83,982             78,906 
                                    -----------       ----------- 
CASH AND EQUIVALENTS,
  at the end of the period        $    15,575        $    59,845  
                                    ===========       ===========
                                             
SUPPLEMENTAL DISCLOSURE OF 
CASH FLOW INFORMATION:
  Cash paid during the period 
   for interest                   $     7,423        $    28,256
<FN>
See accompanying notes to financial statements (Unaudited)
</TABLE>
                                                     Page 6 of 11 
<PAGE>                           
                          TRIUMPHE LEASING VIII L.P.
                         NOTES TO FINANCIAL STATEMENTS            
                                                                  
  
NOTE 1 - FINANCIAL INFORMATION
     
         The financial information included herein at March 31,
1998 and each of the three months ended March 31, 1998, and March
31, 1997, is unaudited and, in the opinion of the partnership,
reflects all adjustments (which include only normal recurring
adjustments) necessary for the fair presentations 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 March 31, 1998 was
the twenty-fifth 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 two 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 7 of 11 
<PAGE>
                           TRIUMPHE LEASING VIII L.P.
                         NOTES TO FINANCIAL STATEMENTS


NOTE 5 - NET INVESTMENT IN LEASES 


     The following lists the components of the net 
investment in leases as of March 31, 1998: 

Total minimum lease payments to be received          $    79,484

Estimated residual values of leased property               6,972

Less: Unearned income                                      7,648 
                                                      ----------
Net investment in leases                             $    78,808  
                                                      ========== 
                                            

      At March 31, 1998, minimum lease payments for direct
financing and operating leases for each of the three succeeding
calendar years are expected to be received as follows: 

          
                  YEAR                    AMOUNT                  
          
                  1998                   304,948
                  1999                   164,628
                  2000                    49,750
                                                     Page 8 of 11
<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 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
March 31, 1998 the partnership had acquired $19,119,937 of leased
equipment with an equity investment of $2,157,130 and nonrecourse
bank borrowing of $16,962,807.

OPERATIONS
Total revenues decreased to $ 60,239 for the first quarter of the
fiscal year ending December 31, 1998 ("fiscal 1998") from
$152,833 for the first quarter 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 loss on sale of equipment.  The decrease in total
revenues from the first quarter of fiscal 1997 to the first
quarter of fiscal 1998 was due primarily to the loss of rental
income attributable to the expiration of leases.
                                                     
Operating expenses decreased to $ 36,142 for the first quarter of
fiscal 1998 from $172,360 for the first quarter of fiscal 1997. 
Operating expenses consist of interest on nonrecourse financing
of equipment purchased, depreciation of equipment, and
administrative expenses.  The decrease in operating expenses from
the first quarter of fiscal 1997 to the first quarter 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 March 31, 1998 include undistributed cash
available from operations during the period March 27, 1992 to
March 31, 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 nonrecourse 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 9 of 11
<PAGE>
                            TRIUMPHE LEASING VIII L.P.
                           PART II - OTHER INFORMATION 

NONE

                                                    Page 10 of 11 
<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  April 29, 1998         By: /s/ Gerald A. Horwitz          
                                  ---------------------------- 
                                  Gerald A. Horwitz, President
                                  of the Corporate General        
                                  Partner
                                  (Principal Executive Officer) 




  Date  April 29, 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  April 29, 1998         By: /s/ Gerald A. Horwitz          
                                  ----------------------------
                                  Gerald A. Horwitz 
                                  Its: General Partner


                                                    Page 11 of 11