TEXTAINER FINANCIAL SERVICES CORPORATION
                        650 California Street, 16th Floor
                             San Francisco, CA 94108


November 13, 2001


Securities and Exchange Commission
Washington, DC  20549

Gentlemen:

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  we are
submitting  herewith  for  filing on behalf of TCC  Equipment  Income  Fund (the
"Partnership")  the  Partnership's  Quarterly  Report on Form 10-Q for the Third
Quarter ended September 30, 2001.

This filing is being effected by direct  transmission to the Commission's  EDGAR
System.

Sincerely,

Ernest J. Furtado
Chief Financial Officer

<PAGE>

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                              Washington DC 20549



                                 FORM 10-Q



                QUARTERLY REPORT UNDER SECTION 13 OR 15 (D) OF
                     THE SECURITIES EXCHANGE ACT OF 1934


               For the quarterly period ended September 30, 2001


                       Commission file number 0-17688


                         TCC EQUIPMENT INCOME FUND
                      A California Limited Partnership
             (Exact name of Registrant as specified in its charter)


           California                                           94-3045888
  (State or other jurisdiction                                 (IRS Employer
of incorporation or organization)                            Identification No.)

  650 California Street, 16th Floor
        San Francisco, CA                                           94108
(Address of Principal Executive Offices)                          (ZIP Code)

                                 (415) 434-0551
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                                 Yes [X] No [ ]


<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Quarterly Report on Form 10-Q for the
Quarter Ended September 30, 2001

Table of Contents
----------------------------------------------------------------------------------------------------------



                                                                                                      Page

<S>                                                                                                    <C>
Item 1.   Financial Statements

          Balance Sheets - September 30, 2001
          and December 31, 2000 (unaudited).....................................................         3



          Statements of Earnings for the three and nine months
          ended September 30, 2001 and 2000 (unaudited).........................................         4



          Statements of Partners' Capital for the nine months
          ended September 30, 2001 and 2000 (unaudited).........................................         5



          Statements of Cash Flows for the nine months
          ended September 30, 2001 and 2000 (unaudited).........................................         6



          Notes to Financial Statements (unaudited).............................................         8



Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations.............................................................        13



</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Balance Sheets

September 30, 2001 and December 31, 2000
(Amounts in thousands)
(unaudited)
--------------------------------------------------------------------------------------------------------


                                                                             2001              2000
                                                                         -------------      ------------
<S>                                                                          <C>                 <C>
Assets
Container rental equipment, net of accumulated
   depreciation of  $7,067, (2000:  $7,677) (note 4)                     $      7,680       $     8,897
Cash                                                                              607               713
Net investment in direct finance leases (note 3)                                   30                37
Accounts receivable, net of allowance for doubtful
   accounts of $60, (2000:  $103)                                                 408               518
Due from affiliates, net (note 2)                                                  60               126
Prepaid expenses                                                                    -                 3
                                                                         -------------      ------------

                                                                         $      8,785       $    10,294
                                                                         =============      ============

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                      $        135       $       139
   Accrued liabilities                                                             51                57
   Accrued recovery costs                                                          43                38
   Accrued damage protection plan costs                                            47                64
   Warranty claims                                                                  -                 5
                                                                         -------------      ------------

       Total liabilities                                                          276               303
                                                                         -------------      ------------

Partners' capital:
   General partners                                                                 -                 -
   Limited partners                                                             8,509             9,991
                                                                         -------------      ------------

       Total partners' capital                                                  8,509             9,991
                                                                         -------------      ------------


                                                                         $      8,785       $    10,294
                                                                         =============      ============


See accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Statements of Earnings

For the three and nine months ended September 30, 2001 and 2000
(Amounts in thousands except for unit and per unit amounts)
(unaudited)
------------------------------------------------------------------------------------------------------------------------------------


                                                            Three months       Three months       Nine months        Nine months
                                                               Ended              Ended               Ended             Ended
                                                           Sept. 30, 2001     Sept. 30, 2000     Sept. 30, 2001    Sept. 30, 2000
                                                           --------------     --------------     --------------    --------------
<S>                                                              <C>                <C>                 <C>             <C>
Rental income                                              $         528     $          697      $       1,672     $       2,207
                                                           --------------     --------------     --------------    --------------

Costs and expenses:
   Direct container expenses                                         162                 95                523               345
   Bad debt expense (benefit)                                          8                  -                 (8)              (12)
   Depreciation (note 4)                                             228                259                697               805
   Professional fees                                                   7                 16                 25                53
   Management fees to affiliates (note 2)                             51                 79                 43               244
   General and administrative costs to affiliates (note 2)            24                 37                 81               109
   Other general and administrative costs                              9                 11                 31                36
   (Gain) loss on sale of containers (note 4)                         (1)               (22)                 9               (86)
                                                           --------------     --------------     --------------    --------------

                                                                     488                475              1,401             1,494
                                                           --------------     --------------     --------------    --------------

   Income from operations                                             40                222                271               713
                                                           --------------     --------------     --------------    --------------

   Interest income                                                     4                  9                 16                30
                                                           --------------     --------------     --------------    --------------


    Net earnings                                           $          44      $         231      $         287     $         743
                                                           ==============     ==============     ==============    ==============

Allocation of net earnings (note 2):
   General partners                                        $           6      $           9      $          22     $          29
   Limited partners                                                   38                222                265               714
                                                           --------------     --------------     --------------    --------------

                                                           $          44      $         231      $         287     $         743
                                                           ==============     ==============     ==============    ==============
Limited partners' per unit share
   of net earnings                                         $        0.03      $        0.15      $        0.18     $        0.49
                                                           ==============     ==============     ==============    ==============

Limited partners' per unit share
   of distributions                                        $        0.35      $        0.50      $        1.15     $        1.50
                                                           ==============     ==============     ==============    ==============

Weighted average number of limited
   partnership units outstanding                               1,442,955          1,458,354          1,450,860         1,464,137
                                                           ==============     ==============     ==============    ==============



See accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Statements of Partners' Capital

For the nine months ended September 30, 2001 and 2000
(Amounts in thousands)
(unaudited)
----------------------------------------------------------------------------------------------------------


                                                                         Partners' Capital
                                                        --------------------------------------------------

                                                           General            Limited            Total
                                                        -------------      -------------      ------------
<S>                                                         <C>                  <C>                <C>

Balances at January 1, 2000                             $          -       $     12,077       $   12,077

Distributions                                                    (29)            (2,201)          (2,230)

Redemptions (note 5)                                               -                (56)             (56)

Net earnings                                                      29                714              743
                                                        -------------      -------------      -----------

Balances at September 30, 2000                          $          -       $     10,534       $   10,534
                                                        =============      =============      ===========

Balances at January 1, 2001                             $          -       $      9,991       $    9,991

Distributions                                                    (22)            (1,674)          (1,696)

Redemptions (note 5)                                               -                (73)             (73)

Net earnings                                                      22                265              287
                                                        -------------      -------------      -----------

Balances at September 30, 2001                          $          -       $      8,509      $     8,509
                                                        =============      =============      ===========





See accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Statements of Cash Flows

For the nine months ended September 30, 2001 and 2000
(Amounts in thousands)
(unaudited)
-----------------------------------------------------------------------------------------------------------------

                                                                                       2001              2000
                                                                                   ------------      ------------
<S>                                                                                    <C>               <C>
Cash flows from operating activities:
     Net earnings                                                                  $       287       $       743
     Adjustments to reconcile net earnings to
       net cash provided by operating activities:
        Depreciation                                                                       697               805
        Decrease in allowance for doubtful accounts                                        (43)              (27)
        Loss (gain) on sale of containers                                                    9               (86)
        Decrease in assets:
           Net investment in direct finance leases                                          13                13
           Accounts receivable                                                             153               162
           Due from affiliates, net                                                         75                 3
           Prepaid expenses                                                                  3                 5
        Increase (decrease) in liabilities:
           Accounts payable and accrued liabilities                                        (10)                -
           Accrued recovery costs                                                            5                 4
           Damage protection plan costs                                                    (17)              (31)
           Warranty claims                                                                  (5)              (47)
                                                                                   ------------      ------------

               Net cash provided by operating activities                                 1,167             1,544
                                                                                   ------------      ------------

Cash flows from investing activities:
     Proceeds from sale of containers                                                      497               673
                                                                                   ------------      ------------

               Net cash provided by investing activities                                   497               673
                                                                                   ------------      ------------

Cash flows from financing activities:
     Redemptions of limited partnership units                                              (73)              (56)
     Distributions to partners                                                          (1,697)           (2,231)
                                                                                   ------------      ------------

               Net cash used in financing activities                                    (1,770)           (2,287)
                                                                                   ------------      ------------

Net decrease in cash                                                                      (106)              (70)

Cash at beginning of period                                                                713               862
                                                                                   ------------      ------------

Cash at end of period                                                              $       607       $       792
                                                                                   ============      ============



See accompanying notes to financial statements
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)


Statements Of Cash Flows--Continued

For the nine months ended September 30, 2001 and 2000
(Amounts in thousands)
(unaudited)
----------------------------------------------------------------------------------------------------------

Supplemental Disclosures:

Supplemental schedule of non-cash investing and financing activities:

The following  table  summarizes  the amounts of  distributions  to partners and
proceeds  from sale of  containers  which had not been  paid or  received  as of
September  30,  2001 and 2000,  and  December  31, 2000 and 1999,  resulting  in
differences in amounts recorded and amounts of cash disbursed or received by the
Partnership, as shown in the Statements of Cash Flows for the nine-month periods
ended September 30, 2001 and 2000.

                                                              Sept. 30        Dec. 31       Sept. 30        Dec. 31
                                                                2001           2000            2000          1999
                                                             -----------    -----------    -----------    ----------
<S>                                                              <C>             <C>            <C>           <C>

Distributions to partners included in:
     Due to affiliates..............................             $   2         $   3          $   2          $   3

Proceeds from sale of containers included in:
     Due from affiliates............................                92            84            117            150

The following  table  summarizes  the amounts of  distributions  to partners and
proceeds from sale of  containers  recorded by the  Partnership  and the amounts
paid or received  as shown in the  Statements  of Cash Flows for the  nine-month
periods ended September 30, 2001 and 2000.

                                                                                               2001           2000
                                                                                               ----           ----

Distributions to partners declared..............................................             $1,696         $2,230
Distributions to partners paid..................................................              1,697          2,231

Proceeds from sale of containers recorded.......................................                505            640
Proceeds from sale of containers received.......................................                497            673


See accompanying notes to financial statements

</TABLE>

<PAGE>


TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Notes To Financial Statements

For the three and nine months ended September 30, 2001 and 2000
(Amounts in thousands except for unit and per unit amounts)
(unaudited)
--------------------------------------------------------------------------------


Note 1.   General

      TCC  Equipment    Income  Fund  (the Partnership),  a  California  limited
      partnership  with  a maximum  life of  20  years, was  formed in 1987. The
      Partnership owns a fleet of intermodal marine  cargo containers, which are
      leased to international shipping lines.

      In  January 1998, the  Partnership  ceased  purchasing  containers  and in
      October 1998, the Partnership began its  liquidation phase. This phase may
      last up to six or more years depending on  whether the containers are sold
      (i) in one or more large transactions, or (ii) gradually as they reach the
      end of their useful marine lives or when  an analysis indicates that their
      sale is warranted  based on the  container's age, location  and condition.
      The  Partnership  anticipates that all excess cash, after  redemptions and
      working capital reserves, will be  distributed  to the limited and general
      partners on a quarterly basis.

      The final  termination  and winding  up  of  the Partnership,  as  well as
      payment of liquidating  and/or final  distributions, will occur at the end
      of  the  liquidation   phase  when  all  or  substantially  all   of   the
      Partnership's  containers  have  been sold and the Partnership begins  its
      dissolution.

      The accompanying  interim comparative  financial  statements have not been
      audited  by  an independent  public  accountant.  However, all adjustments
      (which  were  only  normal and  recurring  adjustments)  which are, in the
      opinion of management, necessary  to fairly present the financial position
      of the Partnership as of  September 30, 2001 and December 31, 2000 and the
      results of its operations, changes in partners' capital and cash flows for
      the nine-month  periods ended September 30, 2001 and 2000, have been made.

      The financial information presented  herein should be  read in conjunction
      with  the  audited  financial   statements and  other  accompanying  notes
      included  in the  Partnership's annual  audited financial statements as of
      and for the year ended  December  31, 2000, in the Annual Report  filed on
      Form 10-K.

      Certain  estimates  and  assumptions  were   made  by   the  Partnership's
      management that affect the reported amounts  of assets and liabilities and
      disclosures  of contingent  assets  and  liabilities at  the  date  of the
      financial  statements  and  the reported amounts  of  revenue and expenses
      during  the  reporting period.  Actual  results  could  differ from  those
      estimates.

      Certain reclassifications,  not affecting net  earnings, have been made to
      prior year  amounts  in order to  conform to the 2001  financial statement
      presentation.

Note 2.   Transactions with Affiliates

      Textainer Financial  Services  Corporation  (TFS) is the managing  general
      partner of the Partnership and is a  wholly-owned subsidiary  of Textainer
      Capital  Corporation (TCC). Textainer Equipment  Management Limited  (TEM)
      and  Textainer  Limited  (TL) are   associate  general  partners   of  the
      Partnership.  The managing  general  partner  and  the   associate general
      partners  are  collectively  referred to  as the General  Partners and are
      commonly  owned  by Textainer  Group  Holdings  Limited (TGH). The General
      Partners  also  act  in  this capacity for other limited partnerships. The
      General Partners manage and control the affairs of the Partnership.

      In accordance with the Partnership Agreement,  sections 3.08 through 3.11,
      net earnings or losses and distributions are generally allocated 1% to the
      General Partners and 99% to the Limited Partners. Effective October 1998,
      the allocation of  distributions to the General Partners  was increased to
      1.3% in  accordance  with section  2.05  of  the Partnership Agreement. In
      addition, if the allocation of distributions exceeds the allocation of net
      earnings and creates a deficit in the General Partners'  aggregate capital
      account, the Partnership   Agreement provides for  a special allocation of
      gross income equal to the amount  of the deficit to be made to the General
      Partners.

      As part of the operation of the Partnership, the  Partnership is to pay to
      the  General Partners an acquisition fee, an  equipment management fee, an
      incentive management fee and an equipment liquidation fee.  These fees are
      for various services  provided in  connection with the  administration and
      management  of the  Partnership. The  Partnership incurred $14  and $49 of
      incentive management fees during  the  three and  nine-month periods ended
      September 30, 2001,  respectively, and  $31  and $93 during the comparable
      periods  in  2000.   Additionally,  during  the  nine-month  period  ended
      September 30, 2001, the  Partnership recorded  an  adjustment   of $121 to
      reduce  incentive  management fees for overpayments  made  during 1999 and
      2000.  There  were  no  acquisition  fees or  equipment  liquidation  fees
      incurred during the nine-month periods ended  September 30, 2001 and 2000.

      The  Partnership's  container fleet  is managed  by TEM.  In  its  role as
      manager,  TEM has  authority  to acquire, hold,  manage,  lease,  sell and
      dispose of the  Partnership's  containers.  TEM  holds, for the payment of
      direct operating expenses, a reserve of cash that  has been collected from
      leasing operations; such cash  is included in due  from affiliates, net at
      September 30, 2001 and December 31, 2000.

      Subject to certain reductions, TEM receives a monthly equipment management
      fee equal to 7% of gross revenues attributable  to operating leases and 2%
      of  gross  revenues  attributable  to full payout net  leases. These  fees
      totaled $37 and $115 for the three and nine-month periods  ended September
      30, 2001, respectively, and $48 and $151, respectively, for the comparable
      periods in 2000. The Partnership's  containers are  leased by TEM to third
      party lessees  on operating  master leases, spot  leases,  term leases and
      direct  finance  leases. The majority of the leases are  operating  master
      leases with limited terms and no purchase option.

      Certain  indirect  general  and  administrative  costs  such as  salaries,
      employee  benefits,  taxes  and   insurance  are  incurred  in  performing
      administrative services   necessary to the operation  of  the Partnership.
      These  costs  are  incurred  and paid  by TEM  and  TFS. Total general and
      administrative  costs  allocated  to  the Partnership during the three and
      nine-month periods ended September 30, 2001 and 2000 were as follows:

                                          Three months            Nine months
                                         ended Sept. 30,         ended Sept. 30,
                                         ---------------         ---------------
                                         2001       2000         2001       2000
                                         ----       ----         ----       ----

          Salaries                        $16        $19          $48       $ 56
          Other                             8         18           33         53
                                           --         --           --        ---
            Total general and
               administrative costs       $24        $37          $81       $109
                                           ==         ==           ==        ===

      TEM allocates these general and administrative costs based on the ratio of
      the  Partnership's   interest  in  the  managed  containers  to the  total
      container fleet  managed  by  TEM  during  the period. TFS allocates these
      costs based on the  ratio of the Partnership's  containers  to  the  total
      container fleet of all limited partnerships  managed  by  TFS. The General
      Partners allocated the following general and  administrative  costs to the
      Partnership during the three  and  nine-month periods  ended September 30,
      2001 and 2000:

                                         Three months              Nine months
                                        ended Sept. 30,           ended Sept. 30
                                       ----------------           --------------
                                       2001        2000           2001      2000
                                       ----        ----           ----      ----

         TEM                            $21         $31            $70      $ 93
         TFS                              3           6             11        16
                                         --          --             --       ---
           Total general and
              administrative costs      $24         $37            $81      $109
                                         ==          ==             ==       ===

      At September 30,  2001 and  December 31, 2000, due from affiliates, net is
      comprised of:


                                                               2001         2000
                                                               ----         ----
           Due from affiliates:
                    Due from TEM...........................     $77         $156
                                                                 --          ---

           Due to affiliates:
                    Due to TCC.............................       3            4
                    Due to TFS.............................      14           26
                                                                 --          ---
                                                                 17           30
                                                                 --          ---
           Due from affiliates, net                             $60         $126
                                                                 ==          ===

      These amounts receivable from  and payable  to affiliates were incurred in
      the ordinary course of business between the Partnership and its affiliates
      and  represent  timing  differences  in  the accrual  and   remittance  of
      expenses, fees  and  distributions  described above and in the accrual and
      remittance of net rental revenues and sales proceeds from TEM.
<PAGE>
Note 3.   Direct Finance Leases

      The Partnership has leased containers  under  direct  finance  leases with
      terms ranging from two to five years. The components of the net investment
      in direct finance leases at  September 30,  2001 and December 31, 2000 are
      as follows:

                                                             2001          2000
                                                             ----          ----

         Future minimum lease payments receivable......       $34           $43
         Residual value................................         -             -
         Less:  unearned income........................        (4)           (6)
                                                               --            --

         Net investment in direct finance leases.......       $30           $37
                                                               ==            ==


The following is a  schedule by  year of minimum lease payments receivable under
the direct finance leases as of September 30, 2001:

             Year ending September 30:

             2002......................................                     $18
             2003......................................                      10
             2004......................................                       6
                                                                             --


             Total minimum lease payments receivable...                     $34
                                                                             ==

      Rental income  for  the three  and nine-month  periods ended September 30,
      2001 and 2000  includes $1 and $4  and $2 and $3, respectively,  of income
      from direct finance leases.



Note 4. Container Rental Equipment Write-Down

      New container  prices  declined from 1995 through 1999. Although container
      prices  increased  in  2000, these  prices  declined  again  in 2001. As a
      result,  the  cost  of   new  containers  purchased  in  recent  years  is
      significantly less than  the average cost of containers purchased in prior
      years. The Partnership evaluated the recoverability of the recorded amount
      of  container  rental  equipment  at  September  30,  2001  and  2000  for
      containers to be held for continued use and determined that a reduction to
      the  carrying value  of these containers was not required. The Partnership
      also evaluated the  recoverability  of the recorded  amount of  containers
      identified for sale in the ordinary course of business and determined that
      a reduction to the carrying  value of  these containers was  required. The
      Partnership wrote down the  value of these  containers  to their estimated
      fair  value,  which  was  based  on recent sales prices less cost to sell.
      During  the  nine-month  periods ended  September  30, 2001 and  2000, the
      Partnership  recorded  additional  depreciation  expense of  $62 and  $64,
      respectively,  on  192  and 144  containers  identified  as  for  sale and
      requiring a reserve. During the three-month  periods  ended  September 30,
      2001 and 2000, the Partnership recorded additional depreciation expense of
      $35 and $22, respectively, on 97 and 43 containers identified  as for sale
      and requiring a  reserve. At  September 30, 2001 and 2000,  the  net  book
      value of 140 and 108 containers identified  as for sale was $155 and $124,
      respectively.

      The Partnership sold 144 of these previously written down containers for a
      loss of $14 during the nine-month period ended September 30, 2001 and sold
      158 previously  written down containers for a  loss of $4  during the same
      period in 2000. During the three-month period ended September 30, 2001 the
      Partnership sold 92 of these previously written down containers for a loss
      of $12 and sold  59  previously  written  down containers for a loss of $4
      during the same period  in 2000. The  Partnership  incurred losses  on the
      sale of some containers previously written down as the actual sales prices
      received on these  containers were  lower than the estimates used  for the
      write-downs,  primarily  due to  unexpected  declines in  container  sales
      prices.

      The Partnership  also  sold  containers that had not been written down and
      recorded gains of $5 and $90 during the nine-month periods ended September
      30, 2001  and  2000,  respectively.  During  the three-month periods ended
      September 30, 2001  and  2000, the  Partnership  recorded gains of $13 and
      $26, respectively, on  the sale of  containers  that  had not been written
      down.

      As more containers are subsequently identified as for sale or if container
      sales  prices  continue to  decline, the  Partnership may incur additional
      write-downs  on  containers  and/or  may  incur  losses  on  the  sale  of
      containers. The Partnership will continue to  evaluate  the recoverability
      of the recorded amounts of container rental  equipment and cautions that a
      write-down  of  container  rental  equipment  and/or  an increase  in  its
      depreciation rate may be required in future periods for some or all of its
      container rental equipment.
<PAGE>
<TABLE>
<CAPTION>


Note 5.   Redemptions

      The following redemptions were  consummated by  the Partnership during the
      nine-month periods ended September 30, 2001 and 2000:


                                                         Units           Average
                                                       Redeemed       Redemption Price       Amount Paid
                                                       --------       ----------------      -------------
<S>                                                       <C>              <C>                    <C>

      Total Partnership redemption as of
       December 31, 1999.......................           7,525             $9.17                   $ 69

      Quarter ended:

          September 30, 2000..................            8,675              6.45                     56
                                                         ------                                      ---


      Partnership through September 30,
      2000....................................           16,200             $7.72                   $125
                                                         ======                                      ===



      Total Partnership redemption as of
       December 31, 2000.......................          18,575             $7.56                   $140

      Quarter ended:

          March 31, 2001..........................        1,166              6.03                      7
          September 30, 2001......................       11,858              5.58                     66
                                                         ------                                      ---


      Partnership through September 30,
      2001....................................           31,599             $6.77                   $213
                                                         ======                                      ===


      The redemption price is fixed by formula.

</TABLE>

<PAGE>






ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

(Amounts in thousands except for unit and per unit amounts)
--------------------------------------------------------------------------------

The Financial  Statements contain  information,  which will assist in evaluating
the  financial  condition  of  the  Partnership  as of and  for  the  three  and
nine-month  periods  ended  September  30,  2001 and 2000.  Please  refer to the
Financial  Statements  and  Notes  thereto  in  connection  with  the  following
discussion.

Liquidity and Capital Resources

From  October  1987  until  October  1989,  the   Partnership   offered  limited
partnership  interests  to the  public.  The  Partnership  received  its minimum
subscription  amount of $1,000 on April 8, 1988,  and on October 26,  1989,  the
Partnership's offering of limited partnership interests was closed at $29,491.

In October 1998, the Partnership  entered its liquidation  phase, which may last
up to six or more years  depending on whether the containers are sold (i) in one
or more large  transactions or (ii)  gradually,  either as they reach the end of
their  useful  marine  lives or when an  analysis  indicates  that their sale is
warranted based on existing market  conditions and the container's age, location
and  condition.   The  Partnership  anticipates  that  all  excess  cash,  after
redemptions and working capital reserves, will be distributed to the general and
limited partners on a quarterly basis. These  distributions will consist of cash
from operations and/or cash from sales proceeds. As the Partnership's  container
fleet decreases,  cash from operations is expected to decrease,  while cash from
sales proceeds is expected to fluctuate  based on the number of containers  sold
and the actual sales price per container received. Consequently, the Partnership
anticipates that a large portion of all future distributions will be a return of
capital.

To date, the Partnership  has sold  containers  only  gradually,  rather than in
large transactions.

The final  termination and winding up of the Partnership,  as well as payment of
liquidating and/or final distributions, will occur at the end of the liquidation
phase when all or substantially  all of the  Partnership's  containers have been
sold and the Partnership begins its dissolution.

From time to time,  the  Partnership  redeems units from Limited  Partners for a
specified  redemption  value,  which  is  set  by  formula.  Up  to  2%  of  the
Partnership's outstanding units may be redeemed each year, although the 2% limit
may be exceeded at the Managing General  Partner's  discretion.  All redemptions
are subject to the Managing  General  Partner's  good faith  determination  that
payment for the redeemed units will not (i) cause the Partnership to be taxed as
a  corporation,  (ii) impair the capital or  operations of the  Partnership,  or
(iii) impair the ability of the Partnership to pay  distributions  in accordance
with its distribution  policy.  During the nine-month period ended September 30,
2001, the  Partnership  redeemed  13,024 units for a total dollar amount of $73.
The Partnership used cash flow from operations to pay for the redeemed units.

The  Partnership  invests  working  capital  and cash flow from  operations  and
investing  activities  prior to its  distribution to the partners in short-term,
liquid  investments.  The Partnership's  cash is affected by cash provided by or
used in operating,  investing and financing  activities.  These  activities  are
discussed in detail below.

During the nine-month period ended September 30, 2001, the Partnership  declared
cash distributions to limited partners  pertaining to the fourth quarter of 2000
through the second  quarter of 2001 in the amount of $1,674,  which  represented
$1.15  per  unit.  On  a  cash  basis,  after  paying  redemptions,   $1,072  of
distributions was from operations and the balance was a return of capital.  On a
GAAP basis, after paying redemptions,  $192 of distributions was from net income
and the remainder was a return of capital.

Net cash  provided by operating  activities  for the  nine-month  periods  ended
September 30, 2001 and 2000, was $1,167 and $1,544,  respectively.  The decrease
of $377,  or 24%, was  primarily  attributable  to the decrease in net earnings,
adjusted  for non-cash  transactions,  offset by due from  affiliates,  net. Net
earnings,  adjusted for non-cash  transactions,  decreased  primarily due to the
decrease in rental  income and the increase in direct  container  expenses.  The
decrease was partially  offset by the decrease in management fees to affiliates.
These  fluctuations  are discussed  more fully in "Results of  Operations".  The
fluctuations in due from affiliates,  net,  resulted from timing  differences in
payment of expenses and fees and the remittance of net rental revenues and sales
proceeds, as well as in fluctuations in these amounts.

For the nine-month  periods ended September 30, 2001 and 2000, net cash provided
by  investing   activities   (the  sale  of  containers)   was  $497  and  $673,
respectively.  The decrease of $176 was primarily due to the Partnership selling
containers  at a lower average  sales price during the  nine-month  period ended
September  30,  2001,  compared to the  equivalent  period in 2000.  Some of the
containers sold during the nine-month  periods ended September 30, 2001 and 2000
were  located in low demand  locations,  and these sales were driven not only by
the liquidation  plans discussed above, but also by adverse market conditions in
these  locations.  The sales  price  for  containers  sold in these  low  demand
locations has continued to be adversely affected by market conditions.  The sale
of containers in these  locations,  the decline in the value of used  containers
and the related  market  conditions  are discussed  more fully under "Results of
Operations".

Due, in part,  to these  market  conditions  and their effect on demand for used
containers,  the Partnership has been primarily  selling  containers only if the
containers  are at the end of their useful lives or if they are located in these
low  demand  locations.  Therefore,  and as noted  above,  the  Partnership  has
implemented its liquidation phase to date by selling containers  gradually.  The
Partnership will continue to evaluate its options for selling  containers in the
context of both these market conditions and the Partnership's liquidation plans.
The number of containers  sold, both in low demand  locations and elsewhere,  as
well as the amount of sales proceeds,  will affect how much the Partnership will
pay in future distributions to Partners.


Results of Operations

The  Partnership's  income from operations,  which consists  primarily of rental
income net of container  depreciation,  direct  container  expenses,  management
fees, and reimbursement of  administrative  expenses was directly related to the
size of the container  fleet during the nine-month  periods ended  September 30,
2001 and  2000,  as well as  certain  other  factors  as  discussed  below.  The
following is a summary of the  container  fleet (in units)  available  for lease
during those periods:


                                                            2001            2000
                                                            ----            ----

              Beginning container fleet...............     5,119           5,771
              Ending container fleet..................     4,621           5,271
              Average container fleet.................     4,870           5,521

The average  container  fleet  decreased  12% from the  nine-month  period ended
September 30, 2000 to the equivalent  period in 2001 due to the continuing  sale
of containers (i) that had reached the end of their useful lives or (ii) that an
analysis had indicated that their sale was otherwise warranted. Included in this
second group were containers  located in low demand  locations.  The Partnership
expects that the size of its container  fleet will further decline as additional
containers  are sold for these  reasons  and as the  Partnership  continues  its
liquidation  plan.  The decline in the  container  fleet has  contributed  to an
overall decline in rental income from the nine-month  period ended September 30,
2000 to the equivalent  period in 2001.  This decline is expected to continue in
future years,  as the size of the  Partnership's  container  fleet  continues to
decrease.


Rental income and direct container expenses are also affected by the utilization
of the container  fleet,  which was 69% and 80% on average during the nine-month
periods ended  September 30, 2001 and 2000,  respectively.  In addition,  rental
income is affected by daily rental rates.


The  following is a comparative  analysis of the results of  operations  for the
nine-month periods ended September 30, 2001 and 2000.

The  Partnership's  income from  operations  for the  nine-month  periods ending
September 30, 2001 and 2000 was $271 and $713, respectively, on rental income of
$1,672 and $2,207, respectively.  The decrease in rental income of $535, or 24%,
from the nine-month  period ended September 30, 2000 to the comparable period in
2001 was attributable to a decrease in income from container  rentals  partially
offset by an increase in other rental income. Income from container rentals, the
major  component of total  revenue,  decreased  $552,  or 28%,  primarily due to
decreases  in the  average  container  fleet  of  12%  and  in  average  on-hire
utilization of 14% between the periods.

In the fourth quarter of 2000, utilization began to decline and has continued to
decline  through the end of the third  quarter of 2001.  This decline was due to
lower overall demand by shipping lines for leased containers, which is primarily
a result  of the  worldwide  economic  slowdown.  The  effects  of the  economic
slowdown on shipping  have been  heightened by the recent  curtailment  in world
trade,  caused by the after-effects of the September 11 terrorist attacks.  This
curtailment  in world trade has caused  some  shipping  lines to reduce  service
levels along certain  routes  which,  of course,  may further  weaken demand for
containers.  Two other  factors  are  currently  reducing  the demand for leased
containers.  Shipping  lines have added larger  vessels to their  fleets,  which
combined  with lower  cargo  volume  growth,  has made it easier for them to use
otherwise  empty vessel space to reposition  their own  containers  back to high
demand  locations.  Additionally,  in anticipation of the delivery of these new,
larger  vessels,  many shipping  lines placed large orders for new containers in
2000 and 2001, thus temporarily  reducing their need to lease containers.  These
orders for additional  containers are part of a general increase in capacity for
the shipping lines.  This increase in capacity amounted to 12% this year, and an
additional  increase in capacity is  expected  next year,  because the  shipping
lines placed orders for additional ships and containers  before  recognizing the
slowdown in world  trade.  To the extent that this  increased  capacity  remains
underutilized, shipping lines may seek to cut costs in order to sustain profits,
which  may put  further  downward  pressure  on  demand  for  containers  and/or
container rental rates.

As a result of the lower  demand,  the trade  imbalance  between  Asia and North
America and Asia and Europe has eased slightly.  Combined with the excess vessel
capacity,  these  factors  have made it easier,  although not  necessarily  less
expensive,  to  reposition  containers.   During  the  nine-month  period  ended
September 30, 2001, the Partnership was able to reposition newer containers from
low demand locations in North America to historically higher demand locations in
Asia.  As a  consequence,  the build-up of containers  in North  America,  which
persisted over the past several years, has eased.

Nevertheless,  the Partnership  continues to sell (rather than  reposition) some
containers  located in low demand locations.  The decision to sell containers is
based on the current  expectation  that the  economic  benefit of selling  these
containers is greater than the estimated  economic  benefit of continuing to own
these  containers.  The majority of the  containers  sold during the  nine-month
periods ended  September 30, 2001 and 2000 were older  containers.  The expected
economic  benefit of continuing to own these containers was  significantly  less
than that of newer  containers.  This was due to their shorter  remaining marine
life, the cost to reposition them and the shipping lines' preference for leasing
newer containers when they have a choice.

Once the decision had been made to sell containers,  the Partnership  wrote down
the value of these  specifically  identified  containers to their estimated fair
value,  which was  based on  recent  sales  prices  less  cost of sales.  Due to
unanticipated  declines in  container  sales  prices,  the actual  sales  prices
received  on  some  containers  were  lower  than  the  estimates  used  for the
write-down,  resulting in the Partnership incurring losses upon the sale of some
of these containers.  Until market conditions improve, the Partnership may incur
further  write-downs  and/or losses on the sale of such  containers.  Should the
decline in economic  value of continuing to own such  containers  turn out to be
permanent,  the Partnership may be required to increase its depreciation rate or
write-down the value of some or all of its container rental equipment.

Despite  the  decline in demand for leased  containers  discussed  above and the
decline in new container  purchase  prices,  the  stabilization of rental rates,
which began during 2000, has continued in 2001. Until such time as the worldwide
economies  improve,  particularly  those of the United  States and  Europe,  the
uncertainties caused by the September 11 terrorist attacks have been diminished,
and cargo  volumes  increase  to the point  where this  year's 12%  increase  in
worldwide vessel capacity is absorbed,  there may be no significant improvements
in utilization.

The  General  Partners  do not  foresee  material  changes  in  existing  market
conditions for the near term. Should there be a worldwide recession,  demand for
leased  containers  could decline further and result in a decline in lease rates
and  further  declines in  utilization  and  container  sale  prices,  adversely
affecting the Partnership's operating results.

Other rental income consists of other lease-related items, primarily income from
charges to lessees for dropping off containers in surplus locations less credits
granted to lessees for  leasing  containers  from  surplus  locations  (location
income),  income  from  charges to lessees for  handling  related to leasing and
returning  containers (handling income) and income from charges to lessees for a
Damage  Protection  Plan (DPP).  For the nine-month  period ended  September 30,
2001,  other  rental  income was $226,  an increase  of $17 from the  equivalent
period in 2000.  The increase in other rental  income was  primarily  due to the
increases  in  location  and DPP  income  of $23 and  $4,  respectively,  offset
partially by a decrease of $11 in handling  income.  Location  income  increased
primarily  due to a decrease  in  credits  granted  to  lessees  for  picking up
containers from surplus  locations.  DPP income  increased due to an increase in
the average DPP price charged per container,  offset by a decrease in the number
of containers  carrying DPP.  Handling income further declined due to a decrease
in container  movement,  partially offset by an increase in the average handling
price charged per container  during the  nine-month  period ended  September 30,
2001 compared to the equivalent period in 2000.

Direct  container  expenses  increased $178, or 52%, from the nine-month  period
ending  September 30, 2000 to the  equivalent  period in 2001.  The increase was
primarily due to increases in storage,  repositioning,  and maintenance expenses
of $74, $58 and $50, respectively. Storage expense increased due to the decrease
in average  utilization  noted above and an increase in the average storage cost
per container.  Repositioning expense increased due to an increase in the number
of  containers  repositioned  and the  higher  average  repositioning  cost  per
container.  Maintenance  expense  increased due to the increase in the number of
containers requiring maintenance.

Bad debt  benefit  decreased  $4,  or 33%,  from the  nine-month  periods  ended
September 30, 2000 to the  comparable  period in 2001.  The decline was due to a
lower required  adjustment to bad debt reserve at September 30, 2001 compared to
the same period at 2000.

Depreciation  expense  decreased $108, or 13%, from the nine-month  period ended
September 30, 2000 to the comparable  period in 2001. The decrease was primarily
due to  the  decline  in the  average  fleet  size  noted  above  and a  smaller
write-down of containers identified as for sale as discussed below.

New container prices declined from 1995 through 1999.  Although container prices
increased in 2000, these prices declined again in 2001. As a result, the cost of
new containers  purchased in recent years is significantly less than the average
cost of  containers  purchased in prior years.  The  Partnership  evaluated  the
recoverability of the recorded amount of container rental equipment at September
30, 2001 and 2000 for  containers to be held for  continued  use and  determined
that a reduction to the carrying value of these containers was not required. The
Partnership  also  evaluated  the  recoverability  of  the  recorded  amount  of
containers identified for sale in the ordinary course of business and determined
that a reduction to the carrying  value of these  containers  was required.  The
Partnership  wrote down the value of these  containers to their  estimated  fair
value,  which was based on recent  sales  prices  less cost to sell.  During the
nine-month  periods ended September 30, 2001 and 2000, the Partnership  recorded
additional  depreciation  expense of $62 and $64,  respectively,  on 192 and 144
containers identified as for sale and requiring a reserve. At September 30, 2001
and 2000,  the net book value of 140 and 108  containers  identified as for sale
was $155 and $124, respectively.

The Partnership sold 144 of these previously  written down containers for a loss
of $14  during the  nine-month  period  ended  September  30,  2001 and sold 158
previously  written down  containers  for a loss of $4 during the same period in
2000. The Partnership incurred losses on the sale of some containers  previously
written down as the actual sales prices received on these  containers were lower
than  the  estimates  used  for the  write-downs,  primarily  due to  unexpected
declines in container sales prices.

The Partnership also sold containers that had not been written down and recorded
gains of $5 and $90 during the nine-month  periods ended  September 30, 2001 and
2000, respectively.

As more containers are subsequently identified as for sale or if container sales
prices continue to decline, the Partnership may incur additional  write-downs on
containers  and/or may incur losses on the sale of containers.  The  Partnership
will  continue  to  evaluate  the  recoverability  of the  recorded  amounts  of
container  rental  equipment and cautions that a write-down of container  rental
equipment and/or an increase in its depreciation  rate may be required in future
periods for some or all of its container rental equipment.

Management fees to affiliates  decreased $201 or 82% from the nine-month  period
ended  September  30,  2000 to the  same  period  in 2001  due to  decreases  in
incentive and equipment  management fees.  Incentive  management fees, which are
based on the Partnership's  limited and general partner  distributions made from
cash from operations and partners'  capital,  decreased $164 primarily due to an
adjustment of $121 to reduce  incentive  management fees for  overpayments  made
during  1999 and 2000 and a decrease  in the amount of  distributions  made from
cash  from  operations  between  the  two  periods.  Equipment  management  fees
decreased due to the decrease in rental income upon which  equipment  management
fees are primarily based.  These fees were approximately 7% of rental income for
both periods.

General and administrative  costs to affiliates  decreased $28, or 26%, from the
nine-month  period ended  September  30, 2000 to the  comparable  period in 2001
primarily  due to the  decrease  in  overhead  costs  allocated  by TEM,  as the
Partnership represented a smaller portion of the total fleet managed by TEM.

Gain/loss  on sale  of  containers  fluctuated  from a gain  of $86  during  the
nine-month  period ended  September 30, 2000 to a loss of $9 for the  comparable
period in 2001.  The  fluctuation  was primarily due to a decline in the average
sales price of containers,  which resulted in the Partnership selling containers
at a loss during the nine-month period ended September 30, 2001.

Net earnings per limited partnership unit decreased from $0.49 to $0.18 from the
nine-month  period  ended  September  30,  2000  to the  same  period  in  2001,
reflecting the decrease in net earnings  allocated to limited partners from $714
to $265, respectively. The allocation of net earnings for the nine-month periods
ended September 30, 2001 and 2000 included a special  allocation of gross income
to the General  Partners of $19 and $22,  respectively,  in accordance  with the
Partnership Agreement.


The  following is a comparative  analysis of the results of  operations  for the
three-month periods ended September 30, 2001 and 2000.

The  Partnership's  income from  operations for the  three-month  periods ending
September 30, 2001 and 2000 was $40 and $222, respectively,  on rental income of
$528 and $697, respectively. The decrease in rental income of $169, or 24%, from
the three-month period ended September 30, 2000 to the comparable period in 2001
was  attributable  to a decrease in income  from  container  rentals,  partially
offset by an increase in other  rental  income.  Income from  container  rentals
decreased  $213,  or 33%,  primarily  due to decreases in the average  container
fleet of 12% and average on-hire utilization of 20%.

For the  three-month  period ended  September 30, 2001,  other rental income was
$91, an  increase of $44 from the  equivalent  period in 2000.  The  increase in
other  rental  income was  primarily  due to the increase in DPP and in location
income of $13 and $34, respectively.  DPP income increased due to an increase in
the average DPP price charged per container,  offset by a decrease in the number
of  containers  carrying DPP. DPP income was also higher in 2001 due to a refund
of $16 to one lessee as a result of the lessee  canceling  their DPP coverage in
July, 2000. Location income increased primarily due to an increase in charges to
lessees for  dropping  off  containers  in certain  locations  and a decrease in
credits granted to lessees for picking up containers from surplus locations.

Direct  container  expenses  increased $67, or 71%, from the three-month  period
ending  September 30, 2000 to the  equivalent  period in 2001.  The increase was
primarily due to increases in storage, DPP, and maintenance expenses of $35, $26
and $14, respectively.  Storage expense increased due to the decrease in average
utilization  noted  above and an increase  in the  average  storage  expense per
container.  DPP expense was higher in 2001 primarily due to the reduction of $27
in the DPP  reserve  in the  third  quarter  of 2000,  as a  result  of a lessee
canceling their DPP coverage as described above.  Maintenance  expense increased
due to the increase in the number of containers requiring maintenance.

Bad  debt  expensed  increased  from $0  during  the  three-month  period  ended
September 30, 2000 to $8 for the comparable period in 2001. The increase was due
to a higher  required  adjustment  to bad debt  reserve at  September  30,  2001
compared to the same period at 2000.

Depreciation  expense  decreased $31, or 12%, from the three-month  period ended
September 30, 2000 to the comparable period in 2001 primarily due to the decline
in average fleet size.

During  the  three-month   periods  ended  September  30,  2001  and  2000,  the
Partnership   recorded   additional   depreciation   expense  of  $35  and  $22,
respectively  on 97 and 43  containers  identified  as for sale and  requiring a
reserve. The Partnership sold 92 of these previously written down containers for
a loss of $12 during the three-month period ended September 30, 2001 and sold 59
previously  written down  containers  for a loss of $4 during the same period in
2000. The  Partnership  also sold  containers that had not been written down and
recorded gains of $13 and $26  during  the  three-month  periods ended September
30, 2001 and 2000, respectively.

Management fees to affiliates  decreased $28 or 35% from the three-month  period
ended  September  30,  2000 to the  same  period  in 2001  due to  decreases  in
equipment and incentive  management fees.  Equipment  management fees, decreased
primarily  due to the decrease in rental income and were 7% of rental income for
both periods.  Incentive  management  fees  decreased  $17 from the  three-month
period ended  September  30, 2000 to the same period in 2001 due to the decrease
in the amount of  distributions  made from cash from operations  between the two
periods.

General and administrative  costs to affiliates  decreased $13, or 35%, from the
three-month  period ended  September 30, 2000 to the  comparable  period in 2001
primarily  due to the  decrease  in  overhead  costs  allocated  by TEM,  as the
Partnership represented a smaller portion of the total fleet managed by TEM.

Gain on sale of  containers  decreased  from $22 during the  three-month  period
ended  September  30,  2000  to $1  for  the  comparable  period  in  2001.  The
fluctuation  was  primarily  due  a  decline  in  the  average  sales  price  of
containers.

Net earnings per limited partnership unit decreased from $0.15 to $0.03 from the
three-month  period  ended  September  30,  2000 to the  same  period  in  2001,
reflecting the decrease in net earnings  allocated to limited partners from $222
to  $38,  respectively.  The  allocation  of net  earnings  included  a  special
allocation of gross income to the General  Partners made in accordance  with the
Partnership Agreement.

Risk Factors and Forward Looking Statements

Although  substantially  all of the  Partnership's  income  from  operations  is
derived from assets employed in foreign operations, virtually all of this income
is  denominated  in United  States  dollars.  The  Partnership's  customers  are
international  shipping  lines,  which transport  goods on  international  trade
routes.  The  domicile  of the lessee is not  indicative  of where the lessee is
transporting  the  containers.  The  Partnership's  business risk in its foreign
operations lies with the  creditworthiness of the lessees, and the Partnership's
ability to keep its containers under lease,  rather than the geographic location
of the  containers or the domicile of the lessees.  The containers are generally
operated on the international high seas rather than on domestic  waterways.  The
containers are subject to the risk of war or other political, economic or social
occurrence  where  the  containers  are used,  which  may  result in the loss of
containers,  which,  in turn,  may have a material  impact on the  Partnership's
results of operations and financial condition.

Other risks of the Partnership's  leasing  operations include  competition,  the
cost of  repositioning  containers  after  they come  off-lease,  the risk of an
uninsured loss, including bad debts,  increases in maintenance expenses or other
costs of  operating  the  containers,  and the effect of world  trade,  industry
trends  and/or  general  business  and  economic  cycles  on  the  Partnership's
operations. See "Risk Factors" in the Partnership's Prospectus, as supplemented,
for additional information on risks of the Partnership's business.

The foregoing includes forward-looking statements and predictions about possible
or  future  events,  results  of  operations  and  financial  condition.   These
statements  and  predictions  may  prove  to  be  inaccurate,   because  of  the
assumptions  made by the  Partnership  or the  General  Partners  or the  actual
development  of  future  events.  No  assurance  can be given  that any of these
forward-looking statements or predictions will ultimately prove to be correct or
even substantially correct. The risks and uncertainties in these forward-looking
statements  include,  but are not  limited  to,  changes  in demand  for  leased
containers,  changes in global  business  conditions  and their  effect on world
trade,  future  modifications  in the way in  which  the  Partnership's  lessees
conduct their business or of the  profitability of their business,  increases or
decreases in new container  prices or the  availability  of financing  therefor,
alterations in the costs of maintaining and repairing used containers, increases
in competition,  changes in the Partnership's  ability to maintain insurance for
its  containers  and its  operations,  the effects of  political  conditions  on
worldwide  shipping and demand for global trade or of other general business and
economic cycles on the  Partnership,  as well as other risks detailed herein and
from time to time in the Partnership's  filings with the Securities and Exchange
Commission.  The  Partnership  does  not  undertake  any  obligation  to  update
forward-looking statements.

<PAGE>
<TABLE>
<CAPTION>

                                   SIGNATURES


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


                         TCC EQUIPMENT INCOME FUND
                         A California Limited Partnership

                         By Textainer Financial Services Corporation
                         The Managing General Partner



                         By _______________________________
                            Ernest J. Furtado
                            Senior Vice President


Date:  November 13, 2001

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of Textainer  Financial
Services  Corporation,  the Managing  General Partner of the Registrant,  in the
capacities and on the dates indicated:


Signature                          Title                                    Date

<S>                                 <C>                                     <C>

________________________           Senior Vice President,                   November 13, 2001
Ernest J. Furtado                  (Principal Financial and
                                   Accounting Officer) and
                                   Secretary




________________________           President (Principal Executive           November 13, 2001
John A. Maccarone                  Officer)

</TABLE>

<PAGE>
<TABLE>
<CAPTION>

                                   SIGNATURES


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


                                   TCC EQUIPMENT INCOME FUND
                                   A California Limited Partnership

                                   By Textainer Financial Services Corporation
                                   The Managing General Partner



                                   By /s/Ernest J. Furtado
                                      _______________________________
                                      Ernest J. Furtado
                                      Senior Vice President


Date:  November 13, 2001


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of Textainer  Financial
Services  Corporation,  the Managing  General Partner of the Registrant,  in the
capacities and on the dates indicated:


Signature                                Title                                          Date

<S>                                       <C>                                             <C>

/s/Ernest J. Furtado
______________________________           Senior Vice President,                         November 13, 2001
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary



/s/John A. Maccarone
______________________________           President (Principal Executive                 November 13, 2001
John A. Maccarone                        Officer)

</TABLE>