FORM 10-KSB--ANNUAL OR TRANSITIONAL REPORT UNDER
                               SECTION 13 OR 15(d)

                                   Form 10-KSB
(Mark One)
[X]ANNUAL REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934
   [No Fee Required]

                       For the fiscal year ended December 31, 2000

[ ]TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
   1934
   [No Fee Required]

                   For the transition period from _________to _________

                         Commission file number 0-16877

                          FOX STRATEGIC HOUSING INCOME PARTNERS
                      (Name of small business issuer in its charter)

         California                                              94-3016373
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                          55 Beattie Place, PO Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)

                    Issuer's telephone number (864) 239-1000

         Securities registered under Section 12(b) of the Exchange Act:

                                      None

              Securities registered under Section 12(g) of the Exchange Act:

                            Limited Partnership Units
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
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. Yes X No___

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will be contained,  to
the best of the  registrant's  knowledge,  in  definitive  proxy or  information
statements  incorporated  by  reference  in Part III of this Form  10-KSB or any
amendment to this Form 10-KSB. [x]

State issuer's revenues for its most recent fiscal year.  $3,173,000

State the aggregate  market value of the voting  partnership  interests  held by
non-affiliates  computed  by  reference  to the price at which  the  partnership
interests  were sold,  or the average bid and asked  prices of such  partnership
interests, as of December 31, 2000. No market exists for the limited partnership
interests of the Registrant,  and,  therefore,  no aggregate market value can be
determined.

                       DOCUMENTS INCORPORATED BY REFERENCE
                                      None

<PAGE>

                                     PART I

Item 1.  Description of Business

Fox Strategic  Housing Income Partners (the  "Partnership" or "Registrant") is a
publicly-held  limited  partnership  organized  in June 1984,  under the Uniform
Limited Partnership Act of the California  Corporations Code. Fox Partners VIII,
a California general partnership, is the general partner of the Partnership. Fox
Capital Management  Corporation  ("FCMC" or the "Managing General  Partner"),  a
California  corporation,  and Fox  Realty  Investors  ("FRI")  are  the  general
partners of Fox Partners  VIII.  The Managing  General  Partner and the managing
general  partner  of FRI are  each  subsidiaries  of  Apartment  Investment  and
Management  Company  ("AIMCO") see "Transfer of Control" below.  The Partnership
Agreement  provides  that the  Partnership  is to terminate on December 31, 2025
unless,  terminated  earlier  in  accordance  with the terms of the  Partnership
Agreement.

The Partnership,  through its public offering of Limited Partnership Units, sold
26,111 units aggregating $26,111,000. From April 1987 through February 28, 1989,
the Partnership acquired one mobile home park and two apartment  complexes.  The
Partnership continues to hold and operate the two apartment complexes (see "Item
2. Description of Properties").  Since its initial offering, the Partnership has
not received,  nor are limited  partners  required to make,  additional  capital
contributions.

The  Partnership has no employees.  The Managing  General Partner is vested with
full authority as to the general  management and supervision of the business and
affairs of the Partnership. Limited partners have no right to participate in the
management or conduct of such business and affairs. An affiliate of the Managing
General Partner provides day-to-day property management services.

Both  the  income  and  expenses  of  operating  the  properties  owned  by  the
Partnership are subject to factors outside of the Partnership's control, such as
changes in the supply and demand for similar  properties  resulting from various
market  conditions,  increases/decreases  in unemployment or population  shifts,
changes in the availability of permanent mortgage  financing,  changes in zoning
laws,  or changes in patterns or needs of users.  In  addition,  there are risks
inherent in owning and operating residential  properties because such properties
are  susceptible to the impact of economic and other  conditions  outside of the
control of the Partnership.

There have been, and it is possible there may be other, Federal, state and local
legislation  and  regulations   enacted   relating  to  the  protection  of  the
environment.  The Partnership is unable to predict the extent,  if any, to which
such new  legislation  or  regulations  might occur and the degree to which such
existing or new legislation or regulations might adversely affect the properties
owned by the Partnership.

The Partnership  monitors its properties for evidence of pollutants,  toxins and
other dangerous substances, including the presence of asbestos. In certain cases
environmental  testing has been performed which resulted in no material  adverse
conditions or liabilities.  In no case has the Partnership  received notice that
it is a potentially  responsible party with respect to an environmental clean up
site.

The  real  estate  business  in which  the  Partnership  is  engaged  is  highly
competitive.  There are other  residential  properties within the market area of
the Partnership's properties.  The number and quality of competitive properties,
including  those which may be managed by an affiliate  of the  Managing  General
Partner,  in such market area could have a material  effect on the rental market
for the  apartments at the  Partnership's  properties  and the rents that may be
charged  for  such  apartments.  While  the  Managing  General  Partner  and its
affiliates  own and/or  control a significant  number of apartment  units in the
United  States,  such  units  represent  an  insignificant  percentage  of total
apartment units in the United States and competition for apartments is local.

A further description of the Partnership's business is included in "Management's
Discussion and Analysis or Plan of Operation"  included in "Item 6" of this Form
10-KSB.

Transfer of Control

Pursuant  to a series  of  transactions  which  closed  on  October  1, 1998 and
February 26, 1999,  Insignia Financial Group, Inc. and Insignia Properties Trust
merged into AIMCO, a publicly traded real estate  investment  trust,  with AIMCO
being the surviving  corporation  (the "Insignia  Merger").  As a result,  AIMCO
acquired 100% ownership  interest in the Managing General Partner.  The Managing
General  Partner does not believe that this  transaction  has had or will have a
material effect on the affairs and operations of the Partnership.

Item 2.  Description of Properties:

The following table sets forth the Partnership's investments in properties:
<TABLE>
<CAPTION>

                                    Date of
Property                            Purchase       Type of Ownership          Use

Barrington Place Apartments           7/89    Fee ownership, subject      Apartment
<S>                                                               <C>     <C>
  Westlake, Ohio                              to a first mortgage (1)     164 units

Wood View Apartments                  9/87    Fee ownership, subject      Apartment
  Atlanta, Georgia                            to a first mortgage         180 units
</TABLE>

(1)  Property is held by a limited  partnership in which the Partnership  owns a
     99% interest.

Schedule of Properties:

Set forth below for each of the  Registrant's  properties is the gross  carrying
value,  accumulated  depreciation,  depreciable life, method of depreciation and
Federal tax basis.
<TABLE>
<CAPTION>

                               Gross
                              Carrying   Accumulated                         Federal
Property                       Value    Depreciation    Rate     Method     Tax Basis
                                  (in thousands)                         (in thousands)

<S>                          <C>           <C>        <C>                    <C>
Barrington Place Apartments  $11,849       $ 4,650    5-30 yrs    S/L        $ 6,980

Wood View Apartments          10,259         3,770    5-30 yrs    S/L          6,189

                             $22,108       $ 8,420                           $13,169
</TABLE>

See  "Note A" to the  consolidated  financial  statements  included  in "Item 7.
Financial  Statements"  for a  description  of  the  Partnership's  depreciation
policy.


Schedule of Property Indebtedness

The  following  table  sets  forth  certain  information  relating  to the loans
encumbering the Registrant's properties.
<TABLE>
<CAPTION>

                           Principal                                      Principal
                           Balance At    Stated                            Balance
                          December 31,  Interest   Period     Maturity     Due At
        Property              2000        Rate    Amortized     Date    Maturity (2)
                         (in thousands)                                 (in thousands)

Barrington Place
<S>                         <C>          <C>         <C>       <C> <C>     <C>
 Apartments                 $ 4,771      6.65%       (1)       8/1/08      $ 4,178
Wood View Apartments          5,451      6.64%       (1)       8/1/08        4,774

  Total                     $10,222                                        $ 8,952
</TABLE>

(1)  The  principal  balance is being  amortized  over 360 months with a balloon
     payment due August 1, 2008.

(2)  See "Item 7. Financial Statements - Note C" for information with respect to
     the  Registrant's  ability to repay these loans and other specific  details
     about the loans.

Rental Rates and Occupancy:

Average annual rental rates and occupancy for 2000 and 1999 for each property:

                                   Average Annual        Average Annual
                                    Rental Rate            Occupancy
                                     (per unit)
 Property                        2000          1999      2000     1999

 Barrington Place
   Apartments                   $9,824        $9,747      94%      87%
 Wood View Apartments            9,609         9,346      96%      95%

The Managing General Partner  attributes the increase in occupancy at Barrington
Place  to  the  implementation  of a  more  aggressive  marketing  campaign  and
maintaining  average annual rental rates in line with other complexes within the
market in order to be more competitive.

As noted under "Item 1.  Description of Business",  the real estate  industry is
highly competitive.  All of the properties are subject to competition from other
residential  apartment  complexes  in the area.  The  Managing  General  Partner
believes that all of the properties are adequately insured.  Each property is an
apartment  complex  which leases  units for lease terms of one year or less.  No
resident leases 10% or more of the available rental space. All of the properties
are in good condition,  subject to normal  depreciation and  deterioration as is
typical for assets of this type and age.


Real Estate Taxes and Rates:

Real estate taxes and rates in 2000 for each property were:

                                                 2000            2000
                                                Billing          Rate
                                            (in thousands)

Barrington Place Apartments                      $167            5.18%

Wood View Apartments                              119            2.91%

Capital Improvements:

Barrington Place Apartments: The Partnership completed approximately $136,000 in
capital  expenditures  at Barrington  Place  Apartments as of December 31, 2000,
consisting  primarily  of  HVAC  unit  upgrades,  floor  covering  replacements,
swimming pool improvements,  interior painting,  and water heater  improvements.
These  improvements  were funded from  replacement  reserves and operating  cash
flow. The Partnership is currently  evaluating the capital  improvement needs of
the  property  for the  upcoming  year.  The  minimum  amount to be  budgeted is
expected  to be  $275  per  unit  or  $45,100.  Additional  improvements  may be
considered and will depend on the physical  condition of the property as well as
replacement reserves and anticipated cash flow generated by the property.

Wood View  Apartments:  The  Partnership  completed  approximately  $158,000  in
capital expenditures at Wood View Apartments as of December 31, 2000, consisting
primarily of a  submetering  project,  a water  conservation  project,  plumbing
improvements,  and floor covering  replacements.  These improvements were funded
from operating cash flow.  The  Partnership is currently  evaluating the capital
improvement  needs of the property for the upcoming  year. The minimum amount to
be budgeted is expected to be $275 per unit or $49,500.  Additional improvements
may be considered  and will depend on the physical  condition of the property as
well as anticipated cash flow generated by the property.

Item 3.  Legal Proceedings

In March 1998, several putative unit holders of limited partnership units of the
Partnership  commenced an action  entitled  Rosalie  Nuanes,  et al. v. Insignia
Financial  Group,  Inc., et al. in the Superior Court of the State of California
for the County of San Mateo. The plaintiffs  named as defendants,  among others,
the  Partnership,  its Managing  General Partner and several of their affiliated
partnerships  and corporate  entities.  The action  purports to assert claims on
behalf of a class of limited  partners and derivatively on behalf of a number of
limited  partnerships  (including  the  Partnership)  which are named as nominal
defendants,  challenging,  among other things,  the  acquisition of interests in
certain general partner entities by Insignia Financial Group, Inc.  ("Insignia")
and entities which were, at one time, affiliates of Insignia; past tender offers
by the Insignia affiliates to acquire limited  partnership units;  management of
the  partnerships  by the  Insignia  affiliates;  and the Insignia  Merger.  The
plaintiffs  seek  monetary  damages and  equitable  relief,  including  judicial
dissolution of the  Partnership.  On June 25, 1998, the Managing General Partner
filed a motion  seeking  dismissal of the action.  In lieu of  responding to the
motion, the plaintiffs filed an amended complaint.  The Managing General Partner
filed demurrers to the amended complaint which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims, subject to court approval, on behalf of the Partnership and all
limited partners who owned units as of November 3, 1999. Preliminary approval of
the  settlement  was obtained on November 3, 1999 from the Court,  at which time
the Court set a final  approval  hearing for  December  10,  1999.  Prior to the
December  10,  1999  hearing,  the  Court  received  various  objections  to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December 14, 1999, the Managing  General  Partner and its affiliates  terminated
the  proposed  settlement.  In  February  2000,  counsel  for some of the  named
plaintiffs filed a motion to disqualify plaintiff's lead and liaison counsel who
negotiated  the  settlement.  On June  27,  2000,  the  Court  entered  an order
disqualifying  them  from the case and an  appeal  was  taken  from the order on
October 5, 2000. On December 4, 2000, the Court  appointed the law firm of Lieff
Cabraser  Heimann & Bernstein  LLP as new lead  counsel for  plaintiffs  and the
putative class.  Plaintiffs filed a third amended complaint on January 19, 2001.
On March 2, 2001,  the  Managing  General  Partner  and its  affiliates  filed a
demurrer to the third amended  complaint.  The Managing General Partner does not
anticipate  that  costs  associated  with  this  case  will be  material  to the
Partnership's overall operations.

The  Partnership is unaware of any other pending or outstanding  litigation that
is not of a routine nature arising in the ordinary course of business.

Item 4.  Submission of Matters to a Vote of Security Holders

The unit holders of the Registrant did not vote on any matter during the quarter
ended December 31, 2000.


                                     PART II

Item 5.     Market for Partnership Equity and Related Partner Matters

The Partnership  offered and sold 26,111 Limited  Partnership  Units aggregating
$26,111,000. As of December 31, 2000, there were 995 holders of record owning an
aggregate of 26,111  Units.  Affiliates  of the Managing  General  Partner owned
9,872 Units or 37.81% as of December  31,  2000.  There is no  intention to sell
additional  Limited  Partnership  Units nor is there an  established  market for
these Units.

The following table sets forth the distributions made by the Partnership for the
years ended December 31, 1999 and 2000 and subsequent to December 31, 2000.

                                                Distributions
                                                           Per Limited
                                        Aggregate        Partnership Unit
                                      (in thousands)

       01/01/99 - 12/31/99             $ 1,860 (1)           $ 69.82

       01/01/00 - 12/31/00                 761 (1)             28.57

      Subsequent to 12/31/00               393 (1)             14.74

(1)  Distributions were made from cash from operations.  (See "Item 6." for more
     details).

Future cash  distributions  will depend on the levels of net cash generated from
operations,   the  availability  of  cash  reserves,  and  the  timing  of  debt
maturities,  refinancings and/or property sales. The Partnership's  distribution
policy is reviewed on a quarterly  basis.  There can be no  assurance,  however,
that the  Partnership  will generate  sufficient  funds from  operations,  after
required  capital  expenditures,  to permit any additional  distributions to its
partners in the year 2001 or subsequent periods.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,872 limited  partnership
units in the Partnership  representing  approximately  37.81% of the outstanding
units.  A number of these units were acquired  pursuant to tender offers made by
AIMCO or its  affiliates.  It is possible that AIMCO or its affiliates will make
one  or  more  additional  offers  to  acquire  additional  limited  partnership
interests in the  Partnership for cash or in exchange for units in the operating
partnership of AIMCO.  Under the Partnership  Agreement,  unitholders  holding a
majority of the Units are  entitled to take action with  respect to a variety of
matters, which would include without limitation, voting on certain amendments to
the  Partnership  Agreement and voting to remove the Managing  General  Partner.
When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner favorable to the interest of the Managing General Partner because of
their affiliation with the Managing General Partner.


Item 6.     Management's Discussion and Analysis or Plan of Operation

The  matters  discussed  in this Form  10-KSB  contain  certain  forward-looking
statements  and  involve  risks and  uncertainties  (including  changing  market
conditions, competitive and regulatory matters, etc.) detailed in the disclosure
contained  in this Form 10-KSB and the other  filings  with the  Securities  and
Exchange  Commission made by the Registrant from time to time. The discussion of
the Registrant's business and results of operations,  including  forward-looking
statements pertaining to such matters, does not take into account the effects of
any changes to the Registrant's business and results of operation.  Accordingly,
actual   results   could  differ   materially   from  those   projected  in  the
forward-looking  statements as a result of a number of factors,  including those
identified herein.

This  item  should  be read  in  conjunction  with  the  consolidated  financial
statements and other items contained elsewhere in this report.

Results of Operations

The  Partnership's  net income for the year ended December 31, 2000 and 1999 was
approximately $141,000 and $34,000,  respectively. The increase in net income is
attributable  to an increase in total  revenues  and a slight  decrease in total
expenses.  The increase in total revenues is the result of an increase in rental
income partially  offset by a decrease in other income.  Rental income increased
as a  result  of an  increase  in  occupancy  and  rental  rates  at both of the
Partnership's  investment properties.  The decrease in other income is primarily
due to a decrease in interest  income due to lower average cash balances held in
interest bearing accounts and a decrease in late charges.

The  decrease  in total  expenses  is the  result of a decrease  in general  and
administrative  expenses and property tax expense which were partially offset by
an increase in  depreciation  expense and  operating  expenses.  The decrease in
general  and  administrative   expenses  is  primarily  due  to  a  decrease  in
Partnership management fees on distributions from operations. In addition, there
was a decrease in legal  expenses as a result of the  settlement of a lawsuit in
1999 as  disclosed  in the  Partnership's  Form  10-QSB  as of March  31,  1999.
Partially  offsetting  these decreases was an increase in professional  expenses
necessary to operate the Partnership.  Property tax expense decreased due to the
settlement  and  subsequent  refund  during 2000 of prior taxes paid during 1994
through 1999 at Barrington  Place  Apartments.  Depreciation  expense  increased
primarily due to capital improvements completed and placed in service during the
last twelve months.  Operating  expense  increased as a result of an increase in
advertising  expense in an effort to  increase  occupancy  at  Barrington  Place
Apartments.  Operating  expense  also  increased  as a result of an  increase in
payroll costs at both the Partnership's properties.

Included in general and  administrative  expense at both  December  31, 2000 and
1999 are management reimbursements to the Managing General Partner allowed under
the Partnership Agreement. In addition,  costs associated with the quarterly and
annual  communications  with  investors and  regulatory  agencies and the annual
audit required by the Partnership Agreement are also included.

As part of the ongoing  business plan of the  Partnership,  the Managing General
Partner  monitors  the  rental  market  environment  of each  of its  investment
properties  to assess  the  feasibility  of  increasing  rents,  maintaining  or
increasing  occupancy  levels,  and protecting the Partnership from increases in
expense.  As part of this plan, the Managing General Partner attempts to protect
the Partnership  from the burden of  inflation-related  increases in expenses by
increasing rents and maintaining a high overall occupancy level. However, due to
changing market  conditions,  which can result in the use of rental  concessions
and  rental  reductions  to  offset  softening  market  conditions,  there is no
guarantee that the Managing General Partner will be able to sustain such a plan.

Liquidity and Capital Resources

At  December  31,  2000,  the  Registrant  had  cash  and  cash  equivalents  of
approximately  $712,000 compared to approximately $987,000 at December 31, 1999.
The decrease in cash and cash equivalents of approximately $275,000 for the year
ended  December  31,  2000 is due to  approximately  $886,000  of  cash  used in
financing  activities  and  approximately  $318,000  of cash  used in  investing
activities which was partially offset by approximately $929,000 of cash provided
by operating  activities.  Cash used in financing activities consisted primarily
of distributions to partners and, to a lesser extent, principal payments made on
the mortgages  encumbering the Registrant's  properties.  Cash used in investing
activities  consisted  of  property  improvements  and  replacements,  which was
partially  offset by net  withdrawals  from escrow  accounts  maintained  by the
mortgage lender.  The Registrant invests its working capital reserves in a money
market account.

The sufficiency of existing  liquid assets to meet future  liquidity and capital
expenditure   requirements   is  directly   related  to  the  level  of  capital
expenditures  required at the investment  properties to adequately  maintain the
physical  assets and other  operating needs of the Registrant and to comply with
Federal, state and local legal, and regulatory requirements.  The Partnership is
currently  evaluating  the capital  improvement  needs of the properties for the
upcoming year. The minimum amount to be budgeted is expected to be $275 per unit
or $94,600. The additional capital expenditures will be incurred only if cash is
available from  operations  and  Partnership  reserves.  To the extent that such
budgeted capital improvements are completed, the Registrant's distributable cash
flow, if any, may be adversely affected at least in the short term.

The Partnership's  current assets are thought to be sufficient for any near-term
needs  (exclusive  of capital  improvements)  of the  Partnership.  The mortgage
indebtedness  of  approximately  $10,222,000  is amortized  over 360 months with
balloon payments of approximately $8,952,000 due on August 1, 2008. The Managing
General  Partner  will attempt to refinance  such  indebtedness  and/or sell the
properties prior to such maturity dates. If the properties  cannot be refinanced
and/or  sold for a  sufficient  amount,  the  Partnership  will risk losing such
properties through foreclosure.

During the year ended December 31, 2000, the Partnership  distributed  cash from
operations  of  approximately  $761,000  (approximately  $746,000 to the limited
partners,  $28.57 per limited  partnership unit). During the year ended December
31, 1999 the  Partnership  distributed  cash from  operations  of  approximately
$1,860,000 (approximately $1,823,000 to the limited partners, $69.82 per limited
partnership  unit).  Subsequent  to  the  year  ended  December  31,  2000,  the
Partnership  declared  and  paid  an  operating  distribution  of  approximately
$393,000  (approximately  $385,000 to the limited  partners,  $14.74 per limited
partnership  unit).  Future cash  distributions will depend on the levels of net
cash generated  from  operations,  the  availability  of cash reserves,  and the
timing of debt maturities, refinancings and/or property sales. The Partnership's
distribution policy is reviewed on a quarterly basis. There can be no assurance,
however,  that the Partnership  will generate  sufficient  funds from operations
after required  capital  expenditures to permit any additional  distributions to
its partners during 2001 or subsequent periods.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,872 limited  partnership
units in the Partnership  representing  approximately  37.81% of the outstanding
units.  A number of these units were acquired  pursuant to tender offers made by
AIMCO or its  affiliates.  It is possible that AIMCO or its affiliates will make
one  or  more  additional  offers  to  acquire  additional  limited  partnership
interests in the  Partnership for cash or in exchange for units in the operating
partnership of AIMCO.  Under the Partnership  Agreement,  unitholders  holding a
majority of the Units are  entitled to take action with  respect to a variety of
matters, which would include without limitation, voting on certain amendments to
the  Partnership  Agreement and voting to remove the Managing  General  Partner.
When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner favorable to the interest of the Managing General Partner because of
their affiliation with the Managing General Partner.
<PAGE>

Item 7.     Financial Statements


FOX STRATEGIC HOUSING INCOME PARTNERS

LIST OF FINANCIAL STATEMENTS


     Report of Ernst & Young LLP, Independent Auditors

     Consolidated Balance Sheet - December 31, 2000

     Consolidated  Statements of Operations - Years ended  December 31, 2000 and
     1999

     Consolidated  Statements of Changes in Partners'  (Deficit) Capital - Years
     ended December 31, 2000 and 1999

     Consolidated  Statements of Cash Flows - Years ended  December 31, 2000 and
     1999

     Notes to Consolidated Financial Statements


<PAGE>


                Report of Ernst & Young LLP, Independent Auditors



The Partners
Fox Strategic Housing Income Partners


We have audited the  accompanying  consolidated  balance  sheet of Fox Strategic
Housing Income  Partners as of December 31, 2000,  and the related  consolidated
statements of operations, changes in partners' (deficit) capital, and cash flows
for each of the two years in the period 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 audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States. 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 the  Partnership's  management,  as  well  as  evaluating  the  overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the  consolidated  financial  position of Fox Strategic
Housing Income  Partners at December 31, 2000, and the  consolidated  results of
its  operations and its cash flows for each of the two years in the period ended
December 31, 2000, in conformity with accounting  principles  generally accepted
in the United States.


                                                           /s/ ERNST & YOUNG LLP



Greenville, South Carolina
March 2, 2001



<PAGE>




                      FOX STRATEGIC HOUSING INCOME PARTNERS
                           CONSOLIDATED BALANCE SHEET
                             (in thousands, except unit data)

                                December 31, 2000
<TABLE>
<CAPTION>


Assets
<S>                                                                          <C>
   Cash and cash equivalents                                                 $  712
   Receivables and deposits                                                      57
   Restricted escrows                                                            50
   Other assets                                                                 235
   Investment properties (Notes C and F):
       Land                                                  $  3,119
       Buildings and related personal property                 18,989
                                                               22,108
       Less accumulated depreciation                           (8,420)       13,688
                                                                           $ 14,742
Liabilities and Partners' (Deficit) Capital
Liabilities
   Accounts payable                                                          $   42
   Tenant security deposit liabilities                                           49
   Accrued property taxes                                                       173
   Due to general partner (Note E)                                              204
   Other liabilities                                                            121
   Mortgage notes payable (Note C)                                           10,222

Partners' (Deficit) Capital
   General partner                                             $ (291)
   Limited partners (26,111 units issued and
      outstanding)                                              4,222         3,931
                                                                           $ 14,742
</TABLE>

              See Accompanying Notes to Consolidated Financial Statements
<PAGE>

                      FOX STRATEGIC HOUSING INCOME PARTNERS

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                        (in thousands, except unit data)


                                                              Years Ended
                                                              December 31,
                                                          2000          1999
Revenues:
   Rental income                                         $ 3,033      $ 2,890
   Other income                                              140          183
      Total revenues                                       3,173        3,073

Expenses:
   Operating                                               1,037          978
   General and administrative                                340          402
   Depreciation                                              713          654
   Interest                                                  705          714
   Property taxes                                            237          291
      Total expenses                                       3,032        3,039

Net income (Note D)                                       $  141         $ 34

Net income allocated to general partner                   $   28          $ 7

Net income allocated limited partners                        113           27
                                                          $  141         $ 34

Net income per limited partnership unit                  $  4.33       $ 1.03

Distributions per limited partnership unit               $ 28.57      $ 69.82

              See Accompanying Notes to Consolidated Financial Statements


<PAGE>


                      FOX STRATEGIC HOUSING INCOME PARTNERS

             CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' (DEFICIT) CAPITAL
                             (in thousands, except unit data)
<TABLE>
<CAPTION>



                                        Limited
                                       Partnership    General     Limited
                                          Units       Partner    Partners     Total

<S>                                       <C>          <C>        <C>        <C>
Original capital contributions            26,111       $   --     $26,111    $26,111

Partners' (deficit) capital at
  December 31, 1998                       26,111       $ (274)    $ 6,651    $ 6,377

Distributions to partners                     --          (37)     (1,823)    (1,860)

Net income for the year ended
  December 31, 1999                           --            7          27         34

Partners' (deficit) capital at
  December 31, 1999                       26,111         (304)      4,855       4,551

Distributions to partners                                 (15)       (746)      (761)

Net income for the year ended
  December 31, 2000                           --           28         113        141

Partners' (deficit) capital at
  December 31, 2000                       26,111       $ (291)    $ 4,222     $ 3,931
</TABLE>

              See Accompanying Notes to Consolidated Financial Statements

<PAGE>

                      FOX STRATEGIC HOUSING INCOME PARTNERS

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                      (in thousands)

<TABLE>
<CAPTION>

                                                                     Years Ended
                                                                    December 31,
                                                                  2000        1999
Cash flows from operating activities:
<S>                                                           <C>          <C>
   Net income                                                 $   141      $    34
   Adjustments to reconcile net income to net cash
     provided by operating activities:
     Depreciation                                                 713          654
     Amortization of loan costs                                    22           21
     Change in accounts:
      Receivables and deposits                                     53          200
      Other assets                                                 (1)           4
      Accounts payable                                             21            4
      Tenant security deposit liabilities                           6           (1)
      Accrued property taxes                                       (2)           4
      Due to general partner                                      (13)         145
      Other liabilities                                           (11)          21

         Net cash provided by operating activities                929        1,086

Cash flows from investing activities:
   Property improvements and replacements                        (363)        (280)
   Net withdrawals from restricted escrows                         45           30

         Net cash used in investing activities                   (318)        (250)

Cash flows from financing activities:
   Payments on mortgage notes payable                            (125)        (116)
   Distributions to partners                                     (761)      (1,860)

         Net cash used in financing activities                   (886)      (1,976)

Net decrease in cash and cash equivalents                        (275)      (1,140)
Cash and cash equivalents at beginning of period                  987        2,127
Cash and cash equivalents at end of period                    $   712      $   987
Supplemental disclosure of cash flow information:
   Cash paid for interest                                     $   684      $   693
Supplemental disclosure of non-cash investing and
   financing activities:
      Property improvements and replacements included in
        accounts payable                                      $    --      $    69
</TABLE>

              See Accompanying Notes to Consolidated Financial Statements

<PAGE>

                      FOX STRATEGIC HOUSING INCOME PARTNERS

                   Notes To Consolidated Financial Statements

                                December 31, 2000

Note A - Organization and Significant Accounting Policies

Organization:  Fox  Strategic  Housing  Income  Partners (the  "Partnership"  or
"Registrant") is a limited partnership  organized under the laws of the State of
California  to operate and hold  income-producing  properties.  The  Partnership
currently owns two apartment buildings, one located in Atlanta, Georgia, and one
located in Westlake,  Ohio. Fox Partners VIII, a California general partnership,
is the general partner of the Partnership.  The general partners of Fox Partners
VIII are Fox Capital  Management  Corporation  ("FCMC" or the "Managing  General
Partner"),  a  California  corporation,  and Fox  Realty  Investors  ("FRI"),  a
California  general  partnership.  The Managing General Partner and the managing
general partner of FRI are  subsidiaries of Apartment  Investment and Management
Company  ("AIMCO")  (see "Note B -  Transfer  of  Control").  The  director  and
officers of the Managing  General  Partner  also serve as executive  officers of
AIMCO. The Partnership  Agreement  provides that the Partnership is to terminate
on December 31, 2025 unless  terminated  earlier in accordance with the terms of
the Partnership  Agreement.  The Partnership was organized in 1984 and commenced
operations in 1987. The capital  contributions of $26,111,000  ($1,000 per unit)
were  made by the  limited  partners  including  one  limited  partnership  unit
purchased by an affiliate of FCMC.

Consolidation:  The consolidated  financial statements include the statements of
the Partnership  and Westlake East  Associates,  L.P., a limited  partnership in
which the Partnership owns a 99% interest. The general partner may be removed by
the  Registrant;  therefore,  the  consolidated  partnership  is controlled  and
consolidated by the Registrant.  All significant  interpartnership  transactions
and balances have been eliminated.

Allocations to Partners:  Net income, net loss, and distributions of cash of the
Partnership  are allocated  between  general and limited  partners in accordance
with the provisions of the Partnership Agreement.

In accordance with the Partnership Agreement,  the Partnership's net losses were
allocated  100% to the  general  partner  until the  cumulative  loss  allocated
equaled  cumulative  income  allocated  to the  general  partner  subsequent  to
December 31, 1991.  This level was reached in 1996;  thereafter,  the net losses
have been  allocated 100% to the limited  partners until their capital  accounts
are zero.  For the years ended  December 31, 2000 and 1999, the first 20% of the
Partnership's  net income has been  allocated  to the  general  partner  and the
remaining  80% has  been  allocated  2% to the  general  partner  and 98% to the
limited  partner  until  cumulative  income  is equal to  2.0408%  of the  total
Original Invested Capital.  In addition,  two percent of cash  distributions are
allocated to the general partner.

Fair Value of Financial Instruments: Statement of Financial Accounting Standards
("SFAS") No. 107,  "Disclosures about Fair Value of Financial  Instruments",  as
amended by SFAS No. 119, "Disclosures about Derivative Financial Instruments and
Fair  Value  of  Financial  Instruments",  requires  disclosure  of  fair  value
information  about  financial  instruments,  whether  or not  recognized  in the
balance sheet, for which it is practicable to estimate fair value. Fair value is
defined in the SFAS as the amount at which the instruments could be exchanged in
a  current  transaction  between  willing  parties,  other  than in a forced  or
liquidation  sale.  The  Partnership  believes  that the carrying  amount of its
financial  instruments (except for long term debt) approximates their fair value
due to the short  term  maturity  of these  instruments.  The fair  value of the
Partnership's  long term debt, after  discounting the scheduled loan payments to
maturity, approximates its carrying balance.

Investment Properties:  Investment properties consist of two apartment complexes
and are  stated  at cost.  Acquisition  fees are  capitalized  as a cost of real
estate.  In  accordance  with SFAS No. 121,  "Accounting  for the  Impairment of
Long-Lived  Assets and for Long-Lived Assets to be Disposed Of", the Partnership
records  impairment  losses on long-lived  assets used in operations when events
and   circumstances   indicate  that  the  assets  might  be  impaired  and  the
undiscounted  cash flows estimated to be generated by those assets are less than
the carrying  amounts of those assets.  No  adjustments  for impairment of value
were recorded in the years ended December 31, 2000 or 1999.

Depreciation:  Depreciation  is  provided by the  straight-line  method over the
estimated lives of the investment properties and related personal property.  For
Federal income tax purposes,  the  accelerated  cost recovery method is used (1)
for real property over 18 years for additions  after March 15, 1984,  and before
May 9, 1985, and 19 years for additions  after May 8, 1985 and before January 1,
1987, and (2) for personal  property over 5 years for additions prior to January
1, 1987. As a result of the Tax Reform Act of 1986, for additions after December
31, 1986, the alternative  depreciation  system is used for  depreciation of (1)
real property over 40 years and (2) personal property additions over 5-20 years.

Cash and Cash  Equivalents:  Includes  cash on hand,  in banks and money  market
accounts.  At certain  times,  the amount of cash deposited at a bank may exceed
the limit on insured deposits. Cash balances include approximately $645,000 that
are  maintained  by the  affiliated  management  company on behalf of affiliated
entities in cash concentration accounts.

Leases:   The  Partnership   generally  leases  apartment  units  for  terms  of
twelve-months  or less.  The  Partnership  recognizes  income  as  earned on its
leases.  In addition,  the Managing General  Partner's policy is to offer rental
concessions during  particularly slow months or in response to heavy competition
from other similar complexes in the area. Concessions are charged against rental
income as incurred.

Loan Costs: Loan costs of approximately $278,000, less accumulated  amortization
of approximately  $65,000,  are included in other assets and are being amortized
on a straight-line basis over the lives of the loans.

Tenant  Security  Deposits:  The  Partnership  requires  security  deposits from
lessees for the duration of the lease.  The security  deposits are refunded when
the tenant vacates, provided the tenant has not damaged the space and is current
on its rental payments.

Restricted  Escrows:  In conjunction with the refinancing of both the Barrington
Place  Apartments and Wood View  Apartments  mortgage notes payable in 1998, the
Partnership  established  "Capital  Improvement"  escrows  for  certain  capital
improvements. At December 31, 2000, the balance in the account was approximately
$50,000 for Barrington  Place.  Wood View Apartments  completed all the required
improvements during 1999 and withdrew its reserve funds.

Segment Reporting:  SFAS No. 131, Disclosure about Segments of an Enterprise and
Related  Information  established  standards  for the way that  public  business
enterprises  report  information  about operating  segments in annual  financial
statements and requires that those enterprises report selected information about
operating segments in interim financial reports.  It also establishes  standards
for related disclosures about products and services, geographic areas, and major
customers.  As defined in SFAS No. 131, the  Partnership has only one reportable
segment.  The Managing General Partner believes that  segment-based  disclosures
will  not  result  in a  more  meaningful  presentation  than  the  consolidated
financial statements as currently presented.

Advertising:  The  Partnership  expenses the costs of  advertising  as incurred.
Advertising  costs of  approximately  $59,000  and  $54,000  for the years ended
December 31, 2000 and 1999,  respectively,  were charged to operating expense as
incurred.

Uses of Estimates:  The  preparation of financial  statements in conformity with
generally accepted  accounting  principles requires management to make estimates
and assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from those estimates.

Note B - Transfer of Control

Pursuant  to a series  of  transactions  which  closed  on  October  1, 1998 and
February 26, 1999,  Insignia Financial Group, Inc. and Insignia Properties Trust
merged into AIMCO, a publicly traded real estate  investment  trust,  with AIMCO
being the surviving  corporation  (the "Insignia  Merger").  As a result,  AIMCO
acquired 100% ownership  interest in the Managing General Partner.  The Managing
General  Partner does not believe that this  transaction  has had or will have a
material effect on the affairs and operations of the Partnership.

Note C - Mortgage Notes Payable

The principle terms of mortgage notes payable are as follows:
<TABLE>
<CAPTION>

                          Principal     Monthly                           Principal
                         Balance At     Payment    Stated                  Balance
                        December 31,   Including  Interest    Maturity     Due At
       Property             2000       Interest     Rate        Date      Maturity
                             (in thousands)                            (in thousands)

<S>                        <C>           <C>        <C>       <C>   <C>    <C>
Barrington Place           $ 4,771       $ 31       6.65%     08/01/08     $ 4,178

Wood View                    5,451         36       6.64%     08/01/08       4,774

Totals                     $10,222       $ 67                              $ 8,952
</TABLE>

The  mortgage  notes  payable are  nonrecourse  and are secured by pledge of the
Partnership's  rental  properties  and by pledge of revenues from the respective
apartment properties.  The notes require prepayment penalties if repaid prior to
maturity.   Further,  the  properties  may  not  be  sold  subject  to  existing
indebtedness.

Scheduled  principal  payments  of the  mortgage  notes  payable  subsequent  to
December 31, 2000 are as follows (in thousands):

                               2001        $   133
                               2002            142
                               2003            152
                               2004            163
                               2005            174
                            Thereafter       9,458
                                           $10,222


Note D - Income Taxes

The  Partnership is classified as a Partnership for Federal income tax purposes.
Accordingly, no provision for income taxes is made in the consolidated financial
statements of the  Partnership.  Taxable  income or loss of the  Partnership  is
reported in the income tax returns of its partners.

The following is a reconciliation  of net income as reported in the consolidated
financial statements and Federal taxable (loss) income allocated to the partners
in the  Partnership's  information  return for the years ended December 31, 2000
and 1999 (in thousands, except unit data):

                                                       2000          1999
              Net income as reported                 $   141       $    34
              Add (deduct):
                Depreciation differences                 (87)          (65)
                Other                                   (145)           95
              Federal taxable (loss) income          $   (91)      $    64

              Federal taxable (loss) income per
                limited partnership unit             $ (3.43)      $  2.40

The following is a reconciliation between the Partnership's reported amounts and
Federal tax basis of net assets (in thousands):

Net assets as reported                             $ 3,931
  Land and buildings                                   148
  Accumulated depreciation                            (667)
  Syndication and distribution costs                   757
  Other                                                108
Net assets - Federal tax basis                     $ 4,277

Note E - Transactions with Affiliated Parties

The  Partnership  has no employees  and is  dependent  on the  Managing  General
Partner  and  its  affiliates  for  the  management  and  administration  of all
partnership  activities.  The  Partnership  Agreement  provides  for (i) certain
payments to affiliates for services and (ii)  reimbursement  of certain expenses
incurred by affiliates on behalf of the Partnership.  The following transactions
with the Managing General Partner and/or its affiliates were incurred during the
years ended December 31, 2000 and 1999:

                                                   2000        1999
                                                    (in thousands)
Property management fees (included in
  operating expense)                              $ 162        $ 154

Reimbursement for services of affiliates
   (included in operating, general and
   administrative expenses, and investment
   properties)                                      183          137

Partnership management fee (included in
   general and administrative expense)               63          149

During the years ended  December 31, 2000 and 1999,  affiliates  of the Managing
General  Partner were entitled to receive 5% of gross  receipts from both of the
Partnership's  properties  as  compensation  for providing  property  management
services.  The Partnership  paid to such affiliates  approximately  $162,000 and
$154,000 for the years ended December 31, 2000 and 1999, respectively.

Affiliates of the Managing General Partner received reimbursement of accountable
administrative expenses amounting to approximately $183,000 and $137,000 for the
years ended December 31, 2000 and 1999, respectively.

In addition,  the general  partner  earned  $63,000 and $149,000 in  Partnership
Management   fees  on   distributions   from   operations  for  2000  and  1999,
respectively,  of which $39,000 and $93,000,  respectively,  are subordinated to
the Limited Partner's annual receipt of 8% of Adjusted  Investment  Capital,  as
defined in the Partnership Agreement.  Such cumulative subordinated fees owed to
the general partner at December 31, 2000 amounted to approximately $204,000.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,872 limited  partnership
units in the Partnership  representing  approximately  37.81% of the outstanding
units.  A number of these units were acquired  pursuant to tender offers made by
AIMCO or its  affiliates.  It is possible that AIMCO or its affiliates will make
one  or  more  additional  offers  to  acquire  additional  limited  partnership
interests in the  Partnership for cash or in exchange for units in the operating
partnership of AIMCO.  Under the Partnership  Agreement,  unitholders  holding a
majority of the Units are  entitled to take action with  respect to a variety of
matters, which would include without limitation, voting on certain amendments to
the  Partnership  Agreement and voting to remove the Managing  General  Partner.
When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner favorable to the interest of the Managing General Partner because of
their affiliation with the Managing General Partner.

Note F - Real Estate and Accumulated Depreciation
<TABLE>
<CAPTION>

                                                     Initial Cost
                                                    To Partnership
                                                    (in thousands)

                                                             Buildings           Cost
                                                            and Related      Capitalized
                                                              Personal      Subsequent to
        Description            Encumbrances       Land        Property       Acquisition
                              (in thousands)                                (in thousands)

<S>                             <C>             <C>           <C>              <C>
Barrington Place                $ 4,771         $ 1,152       $10,180          $   517

Wood View Apartments              5,451           1,981         7,366              912

Totals                          $10,222         $ 3,133       $17,546          $ 1,429
</TABLE>


                     Gross Amount At Which
                            Carried
                      At December 31, 2000
                         (in thousands)
<TABLE>
<CAPTION>

                           Buildings
                           And Related
                            Personal          Accumulated     Year of       Date    Depreciable
   Description      Land    Property   Total  Depreciation  Construction  Acquired  Life-Years
                                             (in thousands)
<S>                <C>      <C>       <C>       <C>            <C>         <C>         <C>
Barrington Place   $ 1,138  $10,711   $11,849   $  4,650       1989        07/89       5-30

Wood View            1,981    8,278    10,259      3,770       1982        09/87       5-30

     Totals        $ 3,119  $18,989   $22,108   $ 8,420

</TABLE>

Reconciliation of "Real Estate and Accumulated Depreciation" (in thousands):

                                              Years Ended December 31,
                                                 2000          1999
Real Estate

Balance at beginning of year                    $21,814       $21,465
    Property improvements                           294           349

Balance at end of year                          $22,108       $21,814

Accumulated Depreciation

Balance at beginning of year                    $ 7,707       $ 7,053
    Additions charged to expense                    713           654

Balance at end of year                          $ 8,420       $ 7,707

The  aggregate  cost of the real  estate  for  Federal  income tax  purposes  at
December  31,  2000 and 1999,  is  approximately  $22,256,000  and  $21,971,000,
respectively. The accumulated depreciation taken for Federal income tax purposes
at December  31, 2000 and 1999,  is  approximately  $9,087,000  and  $8,287,000,
respectively.

Note G - Distributions

During the year ended December 31, 2000, the Partnership  distributed  cash from
operations  of  approximately  $761,000  (approximately  $746,000 to the limited
partners,  $28.57 per limited  partnership unit). During the year ended December
31, 1999 the  Partnership  distributed  cash from  operations  of  approximately
$1,860,000 (approximately $1,823,000 to the limited partners, $69.82 per limited
partnership  unit).  Subsequent  to  the  year  ended  December  31,  2000,  the
Partnership  declared  and  paid  an  operating  distribution  of  approximately
$393,000  (approximately  $385,000 to the limited  partners,  $14.74 per limited
partnership unit).

Note H - Legal Proceedings

In March 1998, several putative unit holders of limited partnership units of the
Partnership  commenced an action  entitled  Rosalie  Nuanes,  et al. v. Insignia
Financial  Group,  Inc., et al. in the Superior Court of the State of California
for the County of San Mateo. The plaintiffs  named as defendants,  among others,
the  Partnership,  its Managing  General Partner and several of their affiliated
partnerships  and corporate  entities.  The action  purports to assert claims on
behalf of a class of limited  partners and derivatively on behalf of a number of
limited  partnerships  (including  the  Partnership)  which are named as nominal
defendants,  challenging,  among other things,  the  acquisition of interests in
certain general partner entities by Insignia Financial Group, Inc.  ("Insignia")
and entities which were, at one time, affiliates of Insignia; past tender offers
by the Insignia affiliates to acquire limited  partnership units;  management of
the  partnerships  by the  Insignia  affiliates;  and the Insignia  Merger.  The
plaintiffs  seek  monetary  damages and  equitable  relief,  including  judicial
dissolution of the  Partnership.  On June 25, 1998, the Managing General Partner
filed a motion  seeking  dismissal of the action.  In lieu of  responding to the
motion, the plaintiffs filed an amended complaint.  The Managing General Partner
filed demurrers to the amended complaint which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims, subject to court approval, on behalf of the Partnership and all
limited partners who owned units as of November 3, 1999. Preliminary approval of
the  settlement  was obtained on November 3, 1999 from the Court,  at which time
the Court set a final  approval  hearing for  December  10,  1999.  Prior to the
December  10,  1999  hearing,  the  Court  received  various  objections  to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December 14, 1999, the Managing  General  Partner and its affiliates  terminated
the  proposed  settlement.  In  February  2000,  counsel  for some of the  named
plaintiffs filed a motion to disqualify plaintiff's lead and liaison counsel who
negotiated  the  settlement.  On June  27,  2000,  the  Court  entered  an order
disqualifying  them  from the case and an  appeal  was  taken  from the order on
October 5, 2000. On December 4, 2000, the Court  appointed the law firm of Lieff
Cabraser  Heimann & Bernstein  LLP as new lead  counsel for  plaintiffs  and the
putative class.  Plaintiffs filed a third amended complaint on January 19, 2001.
On March 2, 2001,  the  Managing  General  Partner  and its  affiliates  filed a
demurrer to the third amended  complaint.  The Managing General Partner does not
anticipate  that  costs  associated  with  this  case  will be  material  to the
Partnership's overall operations.

The  Partnership is unaware of any other pending or outstanding  litigation that
is not of a routine nature arising in the ordinary course of business.

Item 8.  Changes  in  and  Disagreements  with  Accountants  on  Accounting  and
         Financial Disclosure

         None.
<PAGE>

                                    PART III

Item 9.  Directors  and  Executive  Officers,  Promoters  and  Control  Persons,
         Compliance with Section 16(a) of the Exchange Act

The general partner of Fox Strategic Housing Income Partners (the  "Partnership"
or the  "Registrant") is Fox Partners VIII. The general partners of Fox Partners
VIII are Fox Capital  Management  Corporation  ("FCMC" or the "Managing  General
Partner") and Fox Realty  Investors  ("FRI").  The names and ages of, as well as
the position and offices held by, the present  executive  officers and directors
of the  Managing  General  Partner  are set  forth  below.  There  are no family
relationships between or among any officers or directors.

Name                        Age    Position

Patrick J. Foye              43    Executive Vice President and Director

Martha L. Long               41    Senior Vice President and Controller

Patrick J. Foye has been  Executive  Vice President and Director of the Managing
General  Partner  since October 1, 1998.  Mr. Foye has served as Executive  Vice
President  of AIMCO  since May 1998.  Prior to  joining  AIMCO,  Mr.  Foye was a
partner in the law firm of Skadden, Arps, Slate, Meagher & Flom LLP from 1989 to
1998 and was  Managing  Partner  of the  firm's  Brussels,  Budapest  and Moscow
offices from 1992  through  1994.  Mr. Foye is also Deputy  Chairman of the Long
Island  Power   Authority  and  serves  as  a  member  of  the  New  York  State
Privatization  Council.  He received a B.A. from Fordham College and a J.D. from
Fordham University Law School.

Martha L. Long has been Senior Vice  President  and  Controller  of the Managing
General  Partner since October 1998 as a result of the  acquisition  of Insignia
Financial  Group,  Inc. As of February 2001, Ms. Long was also appointed head of
the service  business for AIMCO.  From June 1994 until January 1997, she was the
Controller for Insignia, and was promoted to Senior Vice President - Finance and
Controller in January 1997,  retaining that title until October 1998.  From 1988
to June 1994,  Ms. Long was Senior Vice  President and  Controller for The First
Savings Bank, FSB in Greenville, South Carolina.

One or more of the above persons are also directors and/or officers of a general
partner (or general partner of a general partner) of limited  partnerships which
either have a class of  securities  registered  pursuant to Section 12(g) of the
Securities Exchange Act of 1934, or are subject to the reporting requirements of
Section  15(d) of such Act:  Further,  one or more of the above persons are also
directors and/or officers of Apartment Investment and Management Company and the
general  partner  of  AIMCO  Properties,  L.P.,  entities  that  have a class of
securities  registered  pursuant to Section 12(g) of the Securities Exchange Act
of 1934, or are subject to the reporting  requirements of Section 15 (d) of such
Act.

The executive  officers and director of the Managing General Partner fulfill the
obligations  of the Audit  Committee  and  oversee the  Partnership's  financial
reporting process on behalf of the Managing General Partner.  Management has the
primary  responsibility  for the financial  statements and the reporting process
including  the  systems  of  internal  controls.  In  fulfilling  its  oversight
responsibilities,  the executive  officers and director of the Managing  General
Partner reviewed the audited  financial  statements with management  including a
discussion  of the  quality,  not  just  the  acceptability,  of the  accounting
principles,  the  reasonableness  of significant  judgments,  and the clarity of
disclosures in the financial statements.

The executive  officers and director of the Managing  General  Partner  reviewed
with the independent auditors,  who are responsible for expressing an opinion on
the conformity of those audited  financial  statements  with generally  accepted
accounting  principles,  their  judgments  as  to  the  quality,  not  just  the
acceptability, of the Partnership's accounting principles and such other matters
as are required to be discussed with the Audit Committee or its equivalent under
generally  accepted  auditing  standards.   In  addition,  the  Partnership  has
discussed  with  the  independent  auditors  the  auditors'   independence  from
management and the Partnership  including the matters in the written disclosures
required by the Independence Standards Board and considered the compatibility of
non-audit services with the auditors' independence.

The executive  officers and director of the Managing  General Partner  discussed
with the  Partnership's  independent  auditors  the overall  scope and plans for
their audit. In reliance on the reviews and discussions  referred to above,  the
executive officers and director of the Managing General Partner has approved the
inclusion of the audited  financial  statements  in the Form 10-KSB for the year
ended December 31, 2000 for filing with the Securities and Exchange Commission.

The Managing  General Partner has  reappointed  Ernst & Young LLP as independent
auditors to audit the financial  statements of the  Partnership  for the current
fiscal  year.  Fees for the last  fiscal  year were  annual  audit  services  of
approximately  $29,000  and  non-audit  services  (principally  tax-related)  of
approximately $14,000.

Item 10. Executive Compensation

None of the directors and officers of the Managing  General Partner received any
remuneration from the Registrant.

Item 11. Security Ownership of Certain Beneficial Owners and Management

Except as noted below, no person or entity was known by the Registrant to be the
beneficial  owner  of  more  than 5% of the  Limited  Partnership  Units  of the
Registrant as of December 31, 2000.

Entity                                   Number of Units     Percentage

IPLP Acquisition I LLC ("IPLP LLC")
   (an affiliate of AIMCO)                    3,919            15.01%
Insignia Properties LP ("IPLP")
   (an affiliate of AIMCO)                      213              .82%
AIMCO Properties LP
   (an affiliate of AIMCO)                    5,740            21.98%

IPLP Acquisition I LLC and Insignia Properties LP IPLP are indirectly ultimately
owned by AIMCO.  Their  business  address is 55 Beattie  Place,  Greenville,  SC
29602.

AIMCO Properties LP is indirectly  ultimately  controlled by AIMCO. Its business
address is 2000 South Colorado Blvd., Denver, Colorado 80222.

No  director or officer of FCMC owns any Units of the  Partnership  of record or
beneficially.

Item 12. Certain Relationships and Related Transactions

The  Partnership  has no employees  and is  dependent  on the  Managing  General
Partner  and  its  affiliates  for  the  management  and  administration  of all
partnership  activities.  The  Partnership  Agreement  provides  for (i) certain
payments to affiliates for services and (ii)  reimbursement  of certain expenses
incurred by affiliates on behalf of the Partnership.  The following transactions
with the Managing General Partner and/or its affiliates were incurred during the
years ended December 31, 2000 and 1999:

                                                   2000         1999
                                                    (in thousands)
Property management fees                          $ 162        $ 154

Reimbursement for services of affiliates            183          137

Partnership management fee                           63          149

During the years ended  December 31, 2000 and 1999,  affiliates  of the Managing
General  Partner were entitled to receive 5% of gross  receipts from both of the
Partnership's  properties  as  compensation  for providing  property  management
services.  The Partnership  paid to such affiliates  approximately  $162,000 and
$154,000 for the years ended December 31, 2000 and 1999, respectively.

Affiliates of the Managing General Partner received reimbursement of accountable
administrative expenses amounting to approximately $183,000 and $137,000 for the
years ended December 31, 2000 and 1999, respectively.

In addition,  the General  partner  earned  $63,000 and $149,000 in  Partnership
Management   fees  on   distributions   from   operations  for  2000  and  1999,
respectively,  of which $39,000 and $93,000,  respectively,  are subordinated to
the Limited  Partner's annual report of 8% of Adjusted  Investment  Capital,  as
defined in the Partnership Agreement.  Such cumulative subordinated fees owed to
the general partner at December 31, 2000 amounted to approximately $204,000.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,872 limited  partnership
units in the Partnership  representing  approximately  37.81% of the outstanding
units.  A number of these units were acquired  pursuant to tender offers made by
AIMCO or its  affiliates.  It is possible that AIMCO or its affiliates will make
one  or  more  additional  offers  to  acquire  additional  limited  partnership
interests in the  Partnership for cash or in exchange for units in the operating
partnership of AIMCO.  Under the Partnership  Agreement,  unitholders  holding a
majority of the Units are  entitled to take action with  respect to a variety of
matters, which would include without limitation, voting on certain amendments to
the  Partnership  Agreement and voting to remove the Managing  General  Partner.
When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner favorable to the interest of the Managing General Partner because of
their affiliation with the Managing General Partner.

Item 13.  Exhibits and Reports on Form 8-K

(a)   Exhibits:

      2.1   Agreement  and Plan of Merger  dated as of October  1, 1998,  by and
            between  AIMCO and IPT;  incorporated  by reference to  Registrant's
            Current Report on Form 8-K dated October 1, 1998.

      10.1* Repair Escrow  Agreement dated July 30, 1998,  between Fox Strategic
            Housing  Income  Partners,  a California  limited  partnership,  and
            Newport Mortgage Company, L.P., a Texas limited partnership, related
            to the refinancing of debt on Wood View Apartments.

      10.2* Replacement  Reserve  Agreement  dated July 30,  1998,  between  Fox
            Strategic Housing Income Partners, a California limited partnership,
            and Newport  Mortgage  Company,  L.P., a Texas limited  partnership,
            related to the refinancing of debt on Wood View Apartments.

      10.3* Multi-Family  Note  dated  July  30,  1998,  between  Westlake  East
            Associates Limited  Partnership,  an Ohio limited  partnership,  and
            Newport Mortgage Company, L.P., a Texas limited partnership, related
            to the refinancing of debt on Barrington Place Apartments.

      10.4* Repair Escrow  Agreement dated July 30, 1998,  between Fox Strategic
            Housing  Income  Partners,  a California  limited  partnership,  and
            Newport Mortgage Company, L.P., a Texas limited partnership, related
            to the refinancing of debt on Barrington Place Apartments.

      10.5* Replacement  Reserve  Agreement  dated July 30,  1998,  between  Fox
            Strategic Housing Income Partners, a California limited partnership,
            and Newport  Mortgage  Company,  L.P., a Texas limited  partnership,
            related to the refinancing of debt on Barrington Place Apartments.

      10.6  Multi-Family Note dated July 30, 1998, between Fox Strategic Housing
            Income  Partners,  a  California  limited  partnership,  and Newport
            Mortgage Company, L.P., a Texas limited partnership,  related to the
            refinancing of debt on Wood View Apartments,  filed as an exhibit to
            this report.

           *Filed as Exhibits 10.1 through 10.5, respectively,  to Form 10-QSB -
            Quarterly  or  Transitional  Report  filed on November  12, 1998 and
            incorporated herein by reference.

      16    Letter  dated  November  11,  1998,  from  the  Registrant's  former
            independent accountant regarding its concurrence with the statements
            made by the  Registrant  in  Current  Report  on Form  8-K  filed on
            November 16, 1998.

 (b)  Reports on Form 8-K filed in the fourth quarter of calendar year 2000:

      None.


<PAGE>



                                   SIGNATURES



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


                                    FOX STRATEGIC HOUSING INCOME PARTNERS
                                    (a California Limited Partnership)

                                    By:   FOX PARTNERS VIII
                                          Its General Partner

                                    By:   Fox Capital Management Corporation
                                          Its Managing General Partner

                                    By:   /s/Patrick J. Foye
                                          Patrick J. Foye
                                          Executive Vice President

                                    By:   /s/Martha L. Long
                                          Martha L. Long
                                          Senior Vice President and
                                          Controller

                                    Date: March 27, 2001


In  accordance  with the Exchange  Act, this report has been signed below by the
following  persons on behalf of the Partnership and in the capacities and on the
dates indicated.

/s/Patrick J. Foye      Executive Vice President      Date: March 27, 2001
Patrick J. Foye         and Director

/s/Martha L. Long       Senior Vice President         Date: March 27, 2001
Martha L. Long          and Controller