UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              -----------------------

                                   FORM 10-Q
                   Quarterly Report Under Section 13 or 15(d)
              of the United States Securities Exchange Act of 1934

                              -----------------------


For The Quarter Ended September 30, 1995            Commission File No. 2-92914


                       COLUMBIA LEASE INCOME FUND A L.P.
             (Exact name of registrant as specified in its charter)


         Delaware                                                    13-3263094
(State or other jurisdiction of                                (I.R.S. Employer
incorporation or organization)                              Identification No.)


One Financial Center, 21st Floor, Boston, MA                             02111
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code               (617) 482-8000
                                                              -----------------


                                 Not Applicable
              (Former name, former address and former fiscal year,
                         if changed since last report)

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 
                                     ---  ---
                             There are no Exhibits.

                                  Page 1 of 11

<PAGE>

<TABLE>
<CAPTION>

                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)


<S>           <C>                                                                                               <C>
                                      INDEX                                                                     Page No.

Part I.       FINANCIAL INFORMATION

              Financial Statements

                    Balance Sheets as of September 30, 1995 and December 31, 1994                                     3

                    Statements of Operations For the Quarters Ended
                           September 30, 1995 and 1994 and the Nine Months Ended
                           September 30, 1995 and 1994                                                                4

                    Statements of Cash Flows For the Nine Months Ended
                           September 30, 1995 and 1994                                                                5

                    Notes to Financial Statements                                                                 6 - 7

              Management's Discussion and Analysis of Financial Condition and
                    Results of Operations                                                                         8 - 9


Part II.      OTHER INFORMATION

              Items 1 - 6                                                                                            10

              Signature                                                                                              11
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                                                           Part I. FINANCIAL INFORMATION

                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                                 Balance Sheets

                                     Assets
                                                                                    (Unaudited)             (Audited)
                                                                                      9/30/95               12/31/94
Investment property, at cost (note 3):
<S>                                                                               <C>                    <C>            
   Computer equipment                                                             $     1,825,457        $     2,700,427
     Less accumulated depreciation                                                      1,614,338              2,151,408
                                                                                        ---------              ---------
       Investment property, net                                                           211,119                549,019

Cash and cash equivalents                                                                  90,684                227,793
Net investment in direct financing lease                                                        -                 58,080
Rents receivable, net (note 2)                                                             17,541                  9,667
Accounts receivable - affiliates, net (notes 2 & 4)                                         2,550                 20,656
Sales receivable                                                                              501                      -
                                                                                          -------                -------

     Total assets                                                                 $       322,395        $       865,215
                                                                                  =       =======        =       =======

                        Liabilities and Partners' Equity
Liabilities:
   Current portion of long-term debt                                              $             -        $        37,801
   Accounts payable and accrued expenses - affiliates (note 4)                             41,499                 44,794
   Accounts payable and accrued expenses                                                   15,683                 52,159
   Distributions payable (note 5)                                                          72,187                168,436
                                                                                           ------                -------

     Total liabilities                                                                    129,369                303,190
                                                                                          -------                -------

Partners' equity:
   General Partner:
     Capital contribution                                                                   1,000                  1,000
     Cumulative net income                                                                229,092                228,292
     Cumulative cash distributions                                                       (627,691)              (608,441)
     Reallocation of capital accounts                                                     397,599                379,149
                                                                                          -------                -------
                                                                                                -                      -
   Limited Partners (24,383 units):                                                       -------                -------
     Capital contribution, net of
       offering costs                                                                  10,484,690             10,484,690
     Cumulative net income                                                              4,352,739              4,337,542
     Cumulative cash distributions                                                    (14,246,804)           (13,881,058)
     Reallocation of capital accounts                                                    (397,599)              (379,149)
                                                                                         --------               -------- 
                                                                                          193,026                562,025
                                                                                          -------                -------
     Total partners' equity                                                               193,026                562,025
                                                                                          -------                -------

     Total liabilities and partners' equity                                       $       322,395        $       865,215
                                                                                  =       =======        =       =======
</TABLE>

                See accompanying notes to financial statements.


<PAGE>

<TABLE>

                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                            Statements of Operations
                                  (Unaudited)
<CAPTION>

                                                         Quarters Ended                          Nine Months Ended
                                                          September 30,                           September 30,
                                                          -------------                           -------------
                                                     1995              1994                   1995               1994
                                                     ----              ----                   ----               ----
Revenue:
<S>                                              <C>               <C>                  <C>                 <C>         
   Rental income on operating leases             $     97,528      $     195,007        $    421,962        $    569,801
   Earned income on
     direct financing lease                                 -              2,313               7,018               8,009
   Interest income                                      1,278              1,254               4,342               7,295
                                                        -----              -----               -----               -----

       Total revenue                                   98,806            198,574             433,322             585,105
                                                       ------            -------             -------             -------

Costs and expenses:
   Depreciation                                        52,383            113,274             239,243             328,341
   Interest                                               103              1,283               1,215               4,681
   Related party expenses (note 4):
     Management fees                                    9,096             14,033              30,052              40,477
     General and administrative                        20,689             24,806              57,812              55,882
   Net loss (gain) on sale
     of equipment                                      94,121             22,273              87,974              (4,871)
   (Reversal of) provision for
     doubtful accounts                                      -             (2,304)              1,029              13,319
                                                            -             ------               -----              ------

       Total costs and expenses                       176,392            173,365             417,325             437,829
                                                      -------            -------             -------             -------

Net (loss) income                                $    (77,586)     $      25,209        $     15,997        $    147,276
                                                 =    =======      =      ======        =     ======        =    =======

Net (loss) income per Limited
   Partnership Unit                              $      (3.02)     $        0.98        $       0.63        $       5.74
                                                 =      =====      =        ====        =       ====        =       ====
</TABLE>

                See accompanying notes to financial statements.



<PAGE>

<TABLE>

                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                            Statements of Cash Flows
             For the Nine Months Ended September 30, 1995 and 1994
                                  (Unaudited)
<CAPTION>

                                                                                            1995                     1994
                                                                                            ----                     ----
Cash flows from operating activities:
<S>                                                                                   <C>                     <C>             
   Net income                                                                         $        15,997         $        147,276
                                                                                      -        ------         -        -------

Adjustments  to  reconcile   net  income  to  net  cash  provided  by  operating
   activities:
     Depreciation                                                                             239,243                  328,341
     Provision for doubtful accounts                                                            1,029                   13,319
     Net loss (gain) on sale of equipment                                                      87,974                   (4,871)
     Net decrease in current assets                                                            62,584                   11,844
     Net decrease in current liabilities                                                      (39,771)                 (66,861)
                                                                                              -------                  ------- 

           Total adjustments                                                                  351,059                  281,772
                                                                                              -------                  -------

           Net cash provided by operating activities                                          367,056                  429,048
                                                                                              -------                  -------

Cash flows from investing activities:
   Purchases of investment property                                                                 -                 (254,753)
   Proceeds from sales of investment property                                                  14,881                   57,446
                                                                                               ------                   ------

           Net cash provided by (used in) investing activities                                 14,881                 (197,307)
                                                                                               ------                 -------- 

Cash flows from financing activities:
   Principal payments on long-term debt                                                       (37,801)                 (39,212)
   Cash distributions to partners                                                            (481,245)                (713,973)
                                                                                             --------                 -------- 

           Net cash used in financing activities                                             (519,046)                (753,185)
                                                                                             --------                 -------- 

Net decrease in cash and cash equivalents                                                    (137,109)                (521,444)

Cash and cash equivalents at beginning of period                                              227,793                  716,108
                                                                                              -------                  -------

Cash and cash equivalents at end of period                                            $        90,684         $        194,664
                                                                                      =        ======         =        =======

Supplemental cash flow information:
   Interest paid during the period                                                    $         1,215         $          4,681
                                                                                      =         =====         =          =====

Non-cash investing activities:
   Reclassification of expired direct financing
     lease to operating lease                                                         $         4,198         $         22,049
                                                                                      =         =====         =         ======
</TABLE>

                See accompanying notes to financial statements.


<PAGE>


                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                         Notes to Financial Statements
             For the Nine Months Ended September 30, 1995 and 1994
                                  (Unaudited)

(1)   Basis of Presentation

The foregoing  financial  statements  of Columbia  Lease Income Fund A L.P. (the
"Partnership")  have been prepared in accordance  with the rules and regulations
of the  Securities  and  Exchange  Commission  for  Form  10-Q and  reflect  all
adjustments  which are,  in the  opinion  of  management,  necessary  for a fair
presentation of the results for the interim periods presented.  Pursuant to such
rules and  regulations,  certain note  disclosures  which are normally  required
under  generally  accepted  accounting  principles  have  been  omitted.  It  is
recommended  that these  financial  statements be read in  conjunction  with the
Partnership's Annual Report on Form 10-K for the year ended December 31, 1994.

(2)   Significant Accounting Policies

Allowance for Doubtful Accounts

The financial  statements  include allowances for estimated losses on receivable
balances.  The  allowances  for  doubtful  accounts  are based on past write off
experience  and an evaluation  of potential  uncollectible  accounts  within the
current  receivable  balances.  Receivable  balances  which are determined to be
uncollectible  are charged against the allowance and subsequent  recoveries,  if
any, are credited to the allowance. At September 30, 1995 and December 31, 1994,
the allowance for doubtful  accounts included in rents receivable was $2,426 and
$1,397, respectively, and $220,000 included in accounts receivable - affiliates,
respectively.

(3)   Investment Property

At September 30, 1995, the  Partnership  owned computer  equipment,  with a cost
basis of $1,816,984,  subject to existing leases and equipment with a cost basis
of $8,473 in  inventory,  awaiting  re-lease or sale.  All purchases of computer
equipment are subject to a 2.5% acquisition fee paid to the General Partner.

(4)   Related Party Transactions

Fees,  commissions  and other expenses paid or accrued by the Partnership to the
General  Partner or affiliates of the General  Partner for the nine months ended
September 30, 1995 and 1994 are as follows:

<TABLE>
<CAPTION>
                                                          1995                  1994
                                                          ----                  ----

      <S>                                            <C>                     <C>       
      Equipment acquisition fees                     $         -             $    6,213
      Management fees                                     30,052                 40,477
      Reimbursable expenses paid                          59,285                 32,927
                                                          ------                 ------

                                                     $    89,337             $   79,617
                                                     =    ======             =   ======

</TABLE>


<PAGE>


                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                         Notes to Financial Statements
                                  (Unaudited)

Under the terms of the Partnership Agreement, the General Partner is entitled to
an  equipment  acquisition  fee  of  2.5%  of the  purchase  price  paid  by the
Partnership  for the  equipment.  The  General  Partner  is also  entitled  to a
management  fee equal to 6.0% of the monthly  rental  billings  collected,  paid
quarterly.  In addition,  the Partnership reimburses the General Partner and its
affiliates  for  certain  expenses  incurred  by them  in  connection  with  the
operation of the Partnership.

(5)   Distributions to Partners

For the nine months ended September 30, 1995, declarations of Distributable Cash
were as follows:

<TABLE>
<CAPTION>
                                                                                     Limited Partners
                                                                                                                           General
                                        Date Paid                        Distribution                                      Partners
Quarter Ended                           or Payable                       Per $ 500 Unit                 Total              Totals
-------------                           ----------                       --------------                 -----              --------

<S>                                   <C>                                  <C>                       <C>                  <C>      
March 31, 1995                        May 15, 1995                         $ 6.25                    $   152,394          $   8,021
June 30, 1995                         August 15, 1995                      $ 6.25                    $   152,394          $   8,021
September 30, 1995                    November 15, 1995                    $ 2.50                    $    60,958          $   3,208

</TABLE>


<PAGE>


                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                    Management's Discussion and Analysis of
                 Financial Condition and Results of Operations
                                  (Unaudited)

Results of Operations

The following discussion relates to the Partnership's operations for the quarter
and nine month periods ended September 30, 1995, compared to the same periods in
1994.

The Partnership realized a net loss of $77,586 and net income of $25,209 for the
three month periods  ended  September  30, 1995 and 1994,  respectively.  Rental
income on  operating  leases  decreased  $97,479 or 50%  between the three month
periods.  The  decrease  is  primarily  due to lower  rental  rates  obtained on
equipment  lease  extensions and  remarketings  after the initial lease term has
expired and due to the decrease in the size of the equipment portfolio.

Total costs and expenses increased $3,027 or 2% between the three month periods.
The increase in costs and expenses is primarily  due to the current  quarter net
loss on sale of equipment of $94,121  versus a net loss of $22,273 in 1994.  The
net  loss on  sale of  equipment  increased  between  the  three  month  periods
primarily  due to sales of equipment  carrying  higher net book values.  The net
loss on sale of equipment  was partially  offset by the decline in  depreciation
expense of  $60,891.  The  decrease  in  depreciation  expense is due to a large
portion of the equipment  portfolio becoming fully depreciated and the reduction
in the equipment  portfolio.  Management  fees have decreased in relation to the
decline in rental income.

The  Partnership  realized net income of $15,997 and $147,276 for the nine month
periods  ended  September  30,  1995 and 1994,  respectively.  Rental  income on
operating leases decreased $147,839 or 26%. As discussed in the quarter analysis
above,  the decrease in rental  income is due to lower rental rates  obtained on
equipment  lease  extensions and  remarketings  after the initial lease term has
expired and due to a decrease  in the size of the  equipment  portfolio.  Earned
income on direct financing leases has decreased due to the early  termination of
the remaining  direct  financing  lease.  Interest  income  decreased due to the
Partnership carrying lower average short-term investment balances.

Total costs and expenses decreased $20,504 or 5% between the nine month periods.
The  decrease  in costs and  expenses  is due to the  decrease  in  depreciation
expense,  management  fees and  provision  for doubtful  accounts  offset by the
increase in net loss or sale of equipment.  The decrease in depreciation expense
can be attributed to an increased  portion of the equipment  portfolio  becoming
fully depreciated and the sale of the equipment portfolio.  Management fees have
decreased due to the decline in rental  income.  During the current nine months,
the  Partnership  established  a provision  for doubtful  accounts for $1,029 to
reserve for uncollectible  accounts,  which is $12,290 lower than the prior year
provision. As mentioned above, net loss on sale of equipment increased from 1994
to 1995 due to the sale of equipment  carrying  lower net book values.  Interest
expense decreased during the current year as a result of the payoff of long-term
debt during the third quarter. General and administrative expenses have remained
fairly constant.

During  the  quarter and nine  months ended  September 30, 1995, the Partnership
allocated   profits losses  and  resulting  in  $(3.02) and  $0.63  per  Limited
Partnership Unit.



<PAGE>


                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                    Management's Discussion and Analysis of
                 Financial Condition and Results of Operations
                                  (Unaudited)

Liquidity and Capital Resources.

For the nine months ended  September 30, 1995,  rental  revenue  generated  from
operating  leases  was the  primary  source  of funds  for the  Partnership.  As
equipment leases terminate, the General Partner determines if the equipment will
be extended to the same lessee,  remarketed to another lessee,  or if it is less
marketable,  sold.  This  decision is made upon  analyzing  which  option  would
generate the most favorable results.

Rental income on operating  leases will continue to decrease due to two factors.
The first factor is the rate  obtained  when the original  leases expire and are
remarketed at a lower rate. Typically, the remarketed rates are lower due to the
decrease in useful life of the equipment.  Secondly,  the  increasing  change in
technology  in the  computer  industry  usually  decreases  the demand for older
equipment,  thus  increasing  the  possibility  of  obsolescence.  Both of these
factors  together will cause  remarketed  rates to be lower than original rates.
This decrease however,  should not affect the Partnership's  ability to meet its
future  cash  requirements.  To the extent  that  future  cash  flows  should be
insufficient  to meet the  Partnership's  operating  expenses  and  liabilities,
additional funds could be obtained through the sale of equipment, or a reduction
in the rate of cash distributions.  Future rental revenues from operating leases
amount to $404,332 and are to be received over the next three years.

For the nine months  ended  September  30,  1995,  the  Partnership's  investing
activities  resulted  in  equipment  sales  with a  depreciated  cost  basis  of
$132,855,  generating  $14,881 in proceeds.  Associated with the equipment sales
were $30,000 of loss charge offs  against the reserve,  intially set up in prior
periods for  estimated  losses on the ultimate  disposition  of  equipment.  The
Partnership  has no  material  capital  expenditure  commitments  and  will  not
purchase  equipment in the future as the  Partnership has reached the end of its
reinvestment period.

The Partnership's financing activities resulted in the paydown on long-term debt
of $37,801 during the nine months ended September 30, 1995.

Cash  distributions  are  currently  at  an  annual  level  of  2%  per  Limited
Partnership  Unit, or $2.50 per Limited  Partnership  Unit on a quarterly basis.
For the quarter  ended  September  30,  1995,  the  Partnership  declared a cash
distribution  of $64,166,  of which $3,208 was allocated to the General  Partner
and $60,958 was allocated to the Limited Partners. The distribution will be made
on November 15, 1995. The Partnership  expects to continue paying  distributions
at or near this level in the  future.  The  effects of  inflation  have not been
significant  to the  Partnership  in the  past  and are not  expected  to have a
material impact in future periods.




<PAGE>

<TABLE>

                           PART II. OTHER INFORMATION

                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)


<S>            <C>
Item 1.        Legal Proceedings
               Response:  None

Item 2.        Changes in the Rights of the Partnership's Security Holders
               Response:  None

Item 3.        Defaults by the Partnership on its Senior Securities
               Response:  None

Item 4.        Results of Votes of Security Holders
               Response:  None

Item 5.        Other Information
               Response:  None

Item 6.        Exhibits and Reports on Form 8-K
               Response:

               A.  None

               B.  None
</TABLE>


<PAGE>


                       COLUMBIA LEASE INCOME FUND A L.P.
                        (A Delaware Limited Partnership)

                                   SIGNATURE

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.

COLUMBIA LEASE INCOME FUND A L.P.
(Registrant)

By:  TLP-Columbia Management Corporation,
its General Partner


By:  Arthur P. Beecher,
     President

Date: November 14, 1995
      -----------------