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


August 11, 2000


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 Second
Quarter ended June 30, 2000.

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

Sincerely,

Nadine Forsman
Controller
<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 June 30, 2000


                       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 June 30, 2000

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



                                                                                                      Page

<S>                                                                                                   <C>
Item 1.   Financial Statements

          Balance Sheets - June 30, 2000 (unaudited)
          and December 31, 1999..................................................................       3



          Statements of Earnings for the three and six months
          ended June 30, 2000 and 1999 (unaudited)...............................................       4



          Statements of Partners' Capital for the six months
          ended June 30, 2000 and 1999 (unaudited)...............................................       5



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

June 30, 2000 and December 31, 1999
(Amounts in thousands)
---------------------------------------------------------------------------------------------------------

                                                                             2000               1999
                                                                         -------------      -------------
                                                                          (unaudited)
<S>                                                                         <C>                 <C>

Assets
Container rental equipment, net of accumulated
   depreciation of $8,036 (1999:  $8,217) (note 5)                     $        9,763     $       10,675
Cash                                                                              882                862
Net investment in direct finance leases (note 4)                                   44                 42
Accounts receivable, net of allowance for doubtful
   accounts of $165 (1999:  $178)                                                 672                751
Due from affiliates, net (note 2)                                                  85                130
Prepaid expenses                                                                    1                  5
                                                                         -------------      -------------

                                                                       $       11,447     $       12,465
                                                                         =============      =============

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                    $          122     $          136
   Accrued liabilities                                                             49                 46
   Accrued recovery costs                                                          36                 33
   Accrued damage protection plan costs                                           102                105
   Warranty claims                                                                 36                 68
                                                                         -------------      -------------

       Total liabilities                                                          345                388
                                                                         -------------      -------------

Partners' capital:
   General partners                                                                 -                  -
   Limited partners                                                            11,102             12,077
                                                                         -------------      -------------

       Total partners' capital                                                 11,102             12,077
                                                                         -------------      -------------


                                                                       $       11,447     $       12,465
                                                                         =============      =============


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 six months ended June 30, 2000 and 1999
(Amounts in thousands except for unit and per unit amounts)
(unaudited)
------------------------------------------------------------------------------------------------------------------------------------
                                                            Three months       Three months         Six months         Six months
                                                                Ended              Ended               Ended              Ended
                                                            June 30, 2000      June 30, 1999       June 30, 2000      June 30, 1999
                                                           ---------------    ---------------     ---------------     --------------
<S>                                                         <C>                 <C>                  <C>            <C>
Rental income                                             $           738    $           796    $         1,510     $         1,650
                                                           ---------------    ---------------    ---------------     ---------------
Costs and expenses:
   Direct container expenses                                          118                259                250                 443
   Bad debt (benefit) expense                                         (20)                 9                (13)                 38
   Depreciation (note 5)                                              276                343                546                 653
   Professional fees                                                   21                 15                 37                  24
   Management fees to affiliates (note 2)                              83                 86                166                 208
   General and administrative costs to
       affiliates (note 2)                                             36                 44                 72                  99
   Other general and administrative costs                              13                 15                 24                  26
                                                           ---------------    ---------------    ---------------     ---------------

                                                                      527                771              1,082               1,491
                                                           ---------------    ---------------    ---------------     ---------------

   Income from operations                                             211                 25                428                 159
                                                           ---------------    ---------------    ---------------     ---------------

Other income:
   Interest income                                                     11                 14                 20                  28
   Gain (loss) on sale of containers (note 5)                          76                 (9)                64                  (9)
                                                           ---------------    ---------------    ---------------     ---------------

                                                                       87                 5                  84                  19
                                                           ---------------    ---------------    ---------------     ---------------

    Net earnings                                          $           298    $            30    $           512     $           178
                                                           ===============    ===============    ===============     ===============

Allocation of net earnings (note 2):
   General partners                                       $            10    $            29    $            20     $            30
   Limited partners                                                   288                  1                492                 148
                                                           ---------------    ---------------    ---------------     ---------------

                                                          $           298    $            30    $           512     $           178
                                                           ===============    ===============    ===============     ===============
Limited partners' per unit share
   of net earnings                                        $          0.20    $             -    $          0.34     $          0.10
                                                           ===============    ===============    ===============     ===============

Limited partners' per unit share
   of distributions                                       $          0.50    $          0.50    $          1.00     $          1.50
                                                           ===============    ===============    ===============     ===============

Weighted average number of limited
   partnership units outstanding                                1,467,029          1,467,029          1,467,029           1,467,029
                                                           ===============    ===============    ===============     ===============


See accompanying notes to financial statements
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Statements of Partners' Capital

For the six months ended June 30, 2000 and 1999
(Amounts in thousands)
(unaudited)
------------------------------------------------------------------------------------------------------

                                                                Partners' Capital
                                             ---------------------------------------------------------
                                                General             Limited                Total
                                             --------------      ---------------       ---------------
<S>                                          <C>                 <C>                      <C>

Balances at January 1, 1999                $             -     $         15,873      $         15,873

Distributions                                          (30)              (2,202)               (2,232)

Redemptions (note 6)                                     -                  (15)                  (15)

Net earnings                                            30                  148                   178
                                             --------------      ---------------       ---------------

Balances at June 30, 1999                  $             -     $         13,804      $         13,804
                                             ==============      ===============       ===============

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

Distributions                                          (20)              (1,467)               (1,487)

Net earnings                                            20                  492                   512
                                             --------------      ---------------       ---------------

Balances at June 30, 2000                  $             -     $         11,102      $         11,102
                                             ==============      ===============       ===============



See accompanying notes to financial statements

</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Statements of Cash Flows

For the six months ended June 30, 2000 and 1999
(Amounts in thousands)
(unaudited)
---------------------------------------------------------------------------------------------------------------

                                                                                 2000                 1999
                                                                            --------------       --------------
<S>                                                                        <C>                 <C>
Cash flows from operating activities:
      Net earnings                                                       $            512      $           178
      Adjustments to reconcile net earnings to
        net cash provided by operating activities:
          Depreciation (note 5)                                                       546                  653
          (Decrease) increase in allowance for doubtful accounts,
             excluding write-off                                                      (13)                  36
          (Gain) loss on sale of containers (note 5)                                  (64)                   9
          (Increase) decrease in assets:
             Net investment in direct finance leases                                   10                    8
             Accounts receivable                                                       92                   63
             Due from affiliates, net                                                  16                   43
             Prepaid expenses                                                           4                    4
          Increase (decrease) in liabilities:
             Accounts payable and accrued liabilities                                 (11)                   6
             Accrued recovery costs                                                     3                    7
             Damage protection plan costs                                              (3)                  26
             Warranty claims                                                          (32)                 (32)
                                                                            --------------       --------------


                Net cash provided by operating activities                           1,060                1,001
                                                                            --------------       --------------

Cash flows from investing activities:
      Proceeds from sale of containers                                                447                  539
                                                                            --------------       --------------

                Net cash provided by investing activities                             447                  539
                                                                            --------------       --------------

Cash flows from financing activities:
      Redemptions of limited partnership units                                          -                  (15)
      Distributions to partners                                                    (1,487)              (2,230)
                                                                            --------------       --------------

                Net cash used in financing activities                              (1,487)              (2,245)
                                                                            --------------       --------------

Net increase (decrease) in cash                                                        20                 (705)

Cash at beginning of period                                                           862                1,959
                                                                            --------------       --------------

Cash at end of period                                                    $            882      $         1,254
                                                                            ==============       ==============


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 six months ended June 30, 2000 and 1999
(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 June
30, 2000 and 1999,  and December 31, 1999 and 1998,  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  six-month  periods ended June
30, 2000 and 1999.

                                                                June 30       Dec. 31         June 30         Dec. 31
                                                                  2000          1999            1999            1998
                                                              -----------    -----------    ------------    ----------
<S>                                                          <C>            <C>            <C>                 <C>

Distributions to partners included in:
     Due to affiliates..............................             $   3          $  3            $  4            $  2

Proceeds from sale of containers included in:
     Due from affiliates............................               121           150             198             204

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  six-month
periods ended June 30, 2000 and 1999.

                                                                                                2000            1999
                                                                                               -----           -----

Distributions to partners declared................................................            $1,487          $2,232
Distributions to partners paid....................................................             1,487           2,230

Proceeds from sale of containers recorded.........................................               418             533
Proceeds from sale of containers received.........................................               447             539


See accompanying notes to financial statements
</TABLE>

<PAGE>


TCC EQUIPMENT INCOME FUND
(a California Limited Partnership)

Notes To Financial Statements

For the three and six months ended June 30, 2000 and 1999
(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 between two 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 June 30, 2000  and  December 31, 1999  and the
      results of its operations, changes in partners' capital and cash flows for
      the six-month periods ended June 30, 2000 and 1999, 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
      December 31, 1999, 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.

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 $31 and $62 of
      incentive  management  fees during the three and  six-month  periods ended
      June 30, 2000, respectively, and $31 and $93 during the comparable periods
      in  1999,  respectively.  There  were no  acquisition  fees  or  equipment
      liquidation fees incurred during the six-month periods ended June 30, 2000
      and 1999.

      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
      June 30, 2000 and December 31, 1999.

      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 $52 and $104 for the three and  six-month  periods  ended June 30,
      2000,  respectively,  and $55 and $115,  respectively,  for the comparable
      periods in 1999, respectively.  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
      six-month periods ended June 30, 2000 and 1999 were as follows:


                                         Three months               Six months
                                        ended June 30,            ended June 30,
                                        --------------            --------------
                                        2000     1999             2000      1999
                                        ----     ----             ----      ----

      Salaries                           $19      $24              $38       $53
      Other                               17       20               34        46
                                          --       --               --        --
       Total general and
          administrative costs           $36      $44              $72       $99
                                          ==       ==               ==        ==


      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 six-month periods ended June 30, 2000 and
      1999:

                                          Three months              Six months
                                         ended June 30,           ended June 30,
                                        ---------------          ---------------
                                        2000      1999           2000       1999
                                        ----      ----           ----       ----

      TEM                                $31       $40            $62        $89
      TFS                                  5         4             10         10
                                          --        --             --         --
       Total general and
          administrative costs           $36       $44            $72        $99
                                          ==        ==             ==         ==


      At June 30,  2000 and  December  31,  1999,  due from  affiliates,  net is
      comprised of:


                                                               2000        1999
      Due from affiliates:                                     ----        ----
          Due from TEM.........................                $141        $161
                                                                ---         ---

      Due to affiliates:
          Due to TCC................................             27           3
          Due to TFS................................             29          28
                                                                ---         ---
                                                                 56          31
                                                                ---         ---

      Due from affiliates, net                                 $ 85        $130
                                                                ===         ===

      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
      and fees  described  above and in the accrual and remittance of net rental
      revenues and sales proceeds from TEM.

Note 3.   Rentals Under Long-Term Operating Leases

      The following are the future rent receivables  under cancelable  long-term
      operating  leases at June 30,  2000.  Although  the leases  are  generally
      cancelable  with a penalty  at the end of each  twelve-month  period,  the
      following schedule assumes that the leases will not be terminated.

             Year ending June 30:

             2001...............................................           $177
             2002...............................................             38
             2003...............................................             24
             2004...............................................              6
                                                                            ---

             Total future rentals receivable....................           $245
                                                                            ===

Note 4.   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 June 30, 2000 and  December  31, 1999 are as
      follows:

                                                             2000          1999
                                                             ----          ----

      Future minimum lease payments receivable............    $53           $49
      Residual value......................................      -             3
      Less:  unearned income..............................     (9)          (10)
                                                               --            --

      Net investment in direct finance leases.............    $44           $42
                                                               ==            ==

      The following is a schedule by year of minimum lease  payments  receivable
      under direct finance leases as of June 30, 2000:

             Year ending June 30:

             2001...............................................            $23
             2002...............................................             16
             2003...............................................              9
             2004...............................................              5
                                                                            ---

             Total minimum lease payments receivable............            $53
                                                                             ==

      Rental  income for the three and  six-month  periods  ended June 30,  2000
      includes $1 and $2 of income from direct finance leases, respectively, and
      income of $2 and $3 for the comparable period in 1999, respectively.

Note 5. Container Rental Equipment Write-Down

      New container  prices steadily  declined from 1995 through 1999.  Although
      container  prices began  increasing in 2000, the cost of new containers at
      year-end  1998,  during 1999 and the first half of 2000 was  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 June 30, 2000 and 1999 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 six-month period ended June 30, 2000, the Partnership  recorded
      an additional depreciation expense of $42 on 101 containers identified for
      sale and sold 99  previously  written  down  containers  for a gain of $1.
      During the six-month period ended June 30, 1999, the Partnership  recorded
      an additional depreciation expense of $68 on 186 containers identified for
      sale and sold 195  previously  written down  containers  for a gain of $3.
      Additionally,  during the six- month periods ended June 30, 2000 and 1999,
      the  Partnership  sold  containers  that  had not  been  written-down  and
      recorded a gain of $63 and a loss of $12, respectively.

      As more containers are subsequently identified as for sale or if container
      sales prices decline, the Partnership may incur additional  write-downs on
      containers  and/or  may  incur  losses  on the  sale  of  containers.  The
      Partnership  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>

Note 6.   Redemptions

      The  following  redemption  offering was  consummated  by the  Partnership
      during the six-month period ended June 30, 1999:

<TABLE>
<CAPTION>

                                                             Units               Average
                                                           Redeemed          Redemption Price       Amount Paid
                                                           ---------         -----------------     -------------
<S>                                                         <C>              <C>                      <C>
            Total Partnership redemptions as of
            December 31, 1998..................               5,775                $9.35                $54

            Quarter ended:
              March 31, 1999...................               1,750                $8.57                $15
                                                              -----                                      --
            Partnership through June 30, 1999..               7,525                $9.17                $69
                                                              =====                                      ==


      The Partnership did not redeem any units during the six-month period ended
      June 30, 2000. 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 six-month
periods ended June 30, 2000 and 1999.  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
between two 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
investing  activities 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.

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 six month period ended June 30, 2000,
the Partnership did not redeem any 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 six-month  period ended June 30, 2000, the Partnership  declared cash
distributions to limited  partners  pertaining to the fourth quarter of 1999 and
the first quarter of 2000 in the amount of $1,467. This amount represents $1 per
unit,  or 5% of the  Limited  Partner's  original  investment.  On a cash basis,
$1,060 of total  distributions  was from operations and the balance was a return
of capital. On a GAAP basis, $975 of total distributions was a return of capital
and the balance was from net income.

Net cash provided by operating  activities for the six-month  periods ended June
30, 2000 and 1999, was $1,060 and $1,001, respectively.  The increase of $59, or
6%, was primarily  attributable  to the increase in net  earnings,  adjusted for
non-cash transactions,  offset by fluctuations in due from affiliates,  net. Net
earnings  adjusted  for non-cash  transactions  increased  primarily  due to the
decrease in direct container expenses,  and was partially offset by the decrease
in rental  income.  These  items are  discussed  more fully  under  "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, as well as in fluctuations in these amounts.

For the  six-month  periods  ended June 30, 2000 and 1999,  net cash provided by
investing  activities (the sale of containers) was $447 compared to $539 for the
comparable  period  in  1999.  The  decrease  of $92  was  primarily  due to the
Partnership  selling fewer containers during the six-month period ended June 30,
2000 compared to the  equivalent  period in 1999. The  Partnership  has recently
sold and plans to continue to sell certain  containers  in low demand  locations
(discussed below under "Results of Operations").  However,  there were fewer low
demand locations and fewer containers in these locations,  primarily as a result
of previous sales efforts,  resulting in the decline in the number of containers
sold.  These sales have been driven not only by the liquidation  plans discussed
above,  but  also  by  certain  adverse  market  conditions.  Despite  a  slight
improvement  in the sales price  recently  realized on container  sales,  market
conditions  have  generally had an adverse effect on these average sales prices.
The sale of containers  and these market  conditions  are  discussed  more fully
under "Results of Operations".

Results of Operations

The  Partnership's  income from operations,  which consists  primarily of rental
income, container depreciation,  direct container expenses, management fees, and
reimbursement of administrative expenses was directly related to the size of the
container  fleet during the  six-month  periods ended June 30, 2000 and 1999, 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:

                                                            2000            1999
                                                           -----           -----

               Beginning container fleet...............    5,771           6,769
               Ending container fleet..................    5,453           6,340
               Average container fleet.................    5,612           6,555

The average  container fleet decreased 14% from the six-month  period ended June
30,  1999  to the  equivalent  period  in  2000  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 warranted based on market  conditions
and the container's age,  location and condition.  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
plans.  The decline in the container fleet has contributed to an overall decline
in rental income from the three and six-month periods ended June 30, 1999 to the
equivalent  periods in 2000.  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 79% and 72% on average  during the six-month
periods ended June 30, 2000 and 1999, respectively.  In addition,  rental income
is affected by daily rental rates, which have decreased between the periods,  as
described below.

The  following is a comparative  analysis of the results of  operations  for the
six-month periods ended June 30, 2000 and 1999.

The  Partnership's  income from operations for the six-month periods ending June
30, 2000 and 1999 was $428 and $159,  respectively,  on rental  income of $1,510
and $1,650, respectively. The decrease in rental income of $140, or 8%, from the
six-month  period  ended  June 30,  1999 to the  comparable  period  in 2000 was
attributable  to a decrease in income from  container  rentals and other  rental
income.  Income from container  rentals,  the major  component of total revenue,
decreased $101, or 7%, primarily due to decreases in the average container fleet
of 14% and average rental rates of 5%, offset by the increase in average on-hire
utilization of 10%.

The  improvement in  utilization  was due to  improvements  in demand for leased
containers and in the trade balance, primarily as a result of the improvement in
certain Asian  economies and a related  increase in exports out of Europe.  This
improvement  in demand,  coupled with container  lessors'  efforts to sell older
containers in low demand locations, has also reduced the container surplus.

However, the trade imbalance between Asia and North America still exists, and as
a consequence,  the build-up of  containers,  primarily on the East Coast of the
United States,  persists.  The Partnership has been unable to reposition a large
number of newer  containers to higher demand  locations in Asia,  due to lack of
available vessel capacity from the United States East Coast ports.

As a result,  the Partnership  continues to sell 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 1999 and 2000 were older containers.  The
expected  economic  benefit of  continuing  to own these  older  containers  was
significantly less than that of newer containers  primarily due to their shorter
remaining marine life, the cost to reposition containers and the shipping lines'
preference for leasing newer containers when they are available.

Once the decision had been made to sell  containers,  if the book value of these
containers was greater than the estimated fair value, the Partnership wrote down
the value of these  specifically  identified  containers to their estimated fair
value, which was based on recent sales prices. Due to unanticipated  declines in
container  sales prices  during 1999,  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 the trade balance between Asia and North America improves, 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 on some or all of its container rental
equipment.

The decline in the purchase price of new  containers  and the container  surplus
mentioned  above have  resulted in the decline in rental rates in recent  years.
However,  as a result of the improvement in demand and increases in the purchase
price of new containers,  rental rates have stabilized  during the first half of
2000.

The General  Partners are  cautiously  optimistic  that rental rates will remain
stable and the current level of utilization  will be maintained  during 2000 and
may improve if demand for leased  containers  and the trade balance  continue to
improve. However, the General Partners caution that utilization, lease rates and
container sale prices could also decline,  adversely affecting the Partnership's
operating results.

The  balance of 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 and
returning  containers (handling income) and income from charges to lessees for a
Damage  Protection  Plan (DPP).  For the  six-month  period ended June 30, 2000,
other rental  income was $162, a decrease of $39 from the  equivalent  period in
1999.  The decrease in other rental  income was primarily due to the decrease in
fleet size and an additional decrease in location income. The further decline in
location  income was due to a decrease  in charges to lessees for  dropping  off
containers  in certain  locations,  offset by a decrease in credits  granted for
picking up containers in surplus locations.

Direct  container  expenses  decreased  $193, or 44%, from the six-month  period
ending  June 30,  1999 to the  equivalent  period  in  2000.  The  decrease  was
primarily  due to decreases in storage,  repositioning  and DPP expenses of $89,
$37 and $31,  respectively.  The  decrease in these  expenses,  as well as other
direct  container  expenses,  was partially  due to the overall  decrease in the
average container fleet. Storage expense further declined due to the improvement
in  utilization  noted above and a lower  average  storage  cost per  container.
Repositioning   expense  further   declined  as  there  were  fewer   containers
repositioned,  offset  by a higher  average  repositioning  cost due to the high
demand for limited vessel  capacity noted above.  DPP expense  further  declined
primarily due to a decrease in the average DPP cost per container.

Bad debt expense  decreased  from an expense of $38 during the six-month  period
ended June 30, 1999 to a benefit of $13 for the same period in 2000. The benefit
recorded for the  six-month  period ended June 30, 2000 was due to overall lower
required reserves at June 30, 2000 than at December 31, 1999.

Depreciation  expense  decreased  $107, or 16%, from the six-month  period ended
June 30, 1999 to the  comparable  period in 2000 primarily due to the decline in
average fleet size.

New  container  prices  steadily  declined  from  1995  through  1999.  Although
container  prices  began  increasing  in  2000,  the cost of new  containers  at
year-end  1998,  during 1999 and the first half of 2000 was  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 June 30, 2000 and 1999 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 six-month  period ended June 30, 2000,  the  Partnership  recorded an
additional depreciation expense of $42 on 101 containers identified for sale and
sold  99  previously  written  down  containers  for a gain  of $1.  During  the
six-month  period ended June 30, 1999,  the  Partnership  recorded an additional
depreciation  expense of $68 on 186 containers  identified for sale and sold 195
previously  written down containers for a gain of $3.  Additionally,  during the
six months ended June 30, 2000 and 1999, the  Partnership  sold  containers that
had  not  been  written-down  and  recorded  a gain  of $63  and a loss  of $12,
respectively.

As more  containers are  subsequently  identified for sale or if container sales
prices decline,  the Partnership may incur additional  write-downs on containers
and/or may incur losses on the sale of containers.

Management  fees to affiliates  decreased  $42 or 20% from the six-month  period
ended June 30, 1999 to the same period in 2000 due to decreases in incentive and
equipment  management  fees.  Incentive  management fees, which are based on the
Partnership's  limited and general partner  distribution  percentage and initial
partners' capital,  decreased $31, or 33%, primarily due to lower  distributions
paid during the  six-month  period  ended June 30,  2000 than in the  equivalent
period  in  1999.  Equipment  management  fees  decreased  primarily  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 $27, or 27%, from the
six-month period ended June 30, 1999 to the comparable period in 2000 due to the
decrease in overhead costs  allocated by TEM, as the  Partnership  represented a
smaller portion of the total fleet managed by TEM.

Other income  increased $65 from the six-month period ended June 30, 1999 to the
comparable  period  in  2000  primarily  due to the  change  in  gain on sale of
containers of $73.

Net earnings per limited partnership unit increased from $0.10 to $0.34 from the
six-month period ended June 30, 1999 to the same period in 2000,  reflecting the
increase  in net  earnings  allocated  to  limited  partners  from $148 to $492,
respectively.  The allocation of net earnings  included a special  allocation of
gross income to the General  Partners  made in accordance  with the  Partnership
Agreement.


The  following is a comparative  analysis of the results of  operations  for the
three-month periods ended June 30, 2000 and 1999.

The Partnership's income from operations for the three-month periods ending June
30, 2000 and 1999 was $211 and $25,  respectively,  on rental income of $738 and
$796,  respectively.  The  decrease  in rental  income of $58,  or 7%,  from the
three-month  period  ended June 30,  1999 to the  comparable  period in 2000 was
attributable  to a decrease in income from  container  rentals and other  rental
income.  Income from container  rentals  decreased $44, or 6%,  primarily due to
decreases in the average  container fleet of 14% and average rental rates of 5%,
offset by the increase in average on-hire utilization of 13%.

For the three-month  period ended June 30, 2000,  other rental income was $79, a
decrease of $14 from the equivalent period in 1999. The decrease in other rental
income was primarily due to the decrease in fleet size .

Direct container  expenses  decreased $141, or 54%, from the three-month  period
ending  June 30,  1999 to the  equivalent  period  in  2000.  The  decrease  was
primarily due to the decrease in storage, repositioning and DPP expenses of $48,
$34 and $29,  respectively.  The  decrease in these  expenses,  as well as other
direct  container  expenses,  was partially  due to the overall  decrease in the
average container fleet. Storage expense further declined due to the improvement
in  utilization  noted above and a lower  average  storage  cost per  container.
Repositioning   expense  further   declined  as  there  were  fewer   containers
repositioned at a higher average  repositioning cost as noted above. DPP expense
further  declined  primarily  due to a  decrease  in the  average  DPP  cost per
container.

Bad debt expense  decreased from an expense of $9 during the three-month  period
ended June 30, 1999 to a benefit of $20 for the  comparable  period in 2000. The
benefit recorded during the three-month period ended June 30, 2000 was primarily
due to a lower required reserve at June 30, 2000 than at March 31, 2000.

Depreciation  expense  decreased $67, or 20%, from the three-month  period ended
June 30,  1999 to the  comparable  period  in 2000  primarily  due to due to the
decline in average fleet size and a smaller write-down of containers  identified
as for sale.

Management  fees to affiliates  decreased $3 or 3% from the  three-month  period
ended June 30, 1999 to the same period in 2000 due to the  decrease in equipment
management fees.  Equipment  management fees, which are primarily based on gross
revenue,  decreased  primarily  due to the  decrease  in rental  income and were
approximately  7% of rental income for both periods.  Incentive  management fees
were comparable at $31 for both the three-month  periods ended June 30, 2000 and
1999.

General and  administrative  costs to affiliates  decreased $8, or 18%, from the
three-month  period  ended  June  30,  1999  to the  comparable  period  in 2000
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.

Other income  increased $82 from the  three-month  period ended June 30, 1999 to
the  comparable  period in 2000,  primarily due to the change in gain on sale of
containers from a loss of $9 to a gain of $76.

Net earnings per limited partnership unit increased from $0.00 to $0.20 from the
three-month  period  ended June 30, 1999 to the same period in 2000,  reflecting
the increase in net  earnings  allocated  to limited  partners  from $1 to $288,
respectively.  The allocation of net earnings  included a special  allocation of
gross income to the General  Partners  made in accordance  with the  Partnership
Agreement.

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.  The General  Partners are not
aware of any  conditions as of June 30, 2000,  which would result in such a risk
materializing.

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,  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.

Forward Looking Statements

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>

                             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:  August 11, 2000

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:

<TABLE>
<CAPTION>

Signature                                Title                                          Date

<S>                                      <C>                                          <C>

________________________                 Senior Vice President,                         August 11, 2000
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary




________________________                 President (Principal Executive                 August 11, 2000
John A. Maccarone                        Officer)


</TABLE>

<PAGE>
                                                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:  August 11, 2000


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:
<TABLE>
<CAPTION>


Signature                                   Title                                             Date


<S>                                          <C>                                               <C>
/s/Ernest J. Furtado                     Senior Vice President,                         August 11, 2000
____________________________             (Principal Financial and
Ernest J. Furtado                        Accounting Officer) and
                                         Secretary




/s/John A. Maccarone                                                                    August 11, 2000
____________________________             President (Principal Executive
John A. Maccarone                        Officer)

</TABLE>