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

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


Quarter Ended September 30, 1997                     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)

                                   INDEX                                                                           Page No.

<S>           <C>                                                                                                  <C>   

Part I.       FINANCIAL INFORMATION

              Financial Statements

                    Balance Sheets as of September 30, 1997 and December 31, 1996                                  3

                    Statements of Operations
                          Quarters Ended September 30, 1997 and 1996 and
                          Nine Months Ended September 30, 1997 and 1996                                            4

                    Statements of Cash Flows
                          Nine Months Ended September 30, 1997 and 1996                                            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)
                                                                                      9/30/97               12/31/96
                                                                                  ---------------        ---------------
<S>                                                                               <C>                    <C>            
Investment property, at cost (note 3):
   Computer equipment                                                             $     1,404,099        $     1,444,033
     Less accumulated depreciation                                                      1,360,080              1,367,883
                                                                                  ---------------        ---------------
       Investment property, net                                                            44,019                 76,150

Cash and cash equivalents                                                                  37,700                 60,959
Rents receivable, net (note 2)                                                              2,207                 27,132
Accounts receivable - affiliates                                                                -                  8,956
                                                                                  ---------------        ---------------

     Total assets                                                                 $        83,926        $       173,197
                                                                                  ===============        ===============

                        Liabilities and Partners' Equity
Liabilities:
   Accounts payable and accrued
     expenses - affiliates (note 4)                                               $        25,476        $        30,261
   Accounts payable and accrued expenses                                                   18,969                 14,136
   Distributions payable (note 5)                                                               -                 64,167
                                                                                  ---------------        ---------------

     Total liabilities                                                                     44,445                108,564
                                                                                  ---------------        ---------------

Partners' equity:
   General Partner:
     Capital contribution                                                                   1,000                  1,000
     Cumulative net income                                                                243,872                240,317
     Cumulative cash distributions                                                       (650,143)              (645,331)
     Reallocation of capital accounts                                                     405,271                404,014
                                                                                  ---------------        ---------------
                                                                                                -                      -
                                                                                  ---------------        ---------------
   Limited Partners (24,383 units):
     Capital contribution, net of
       offering costs                                                                  10,484,690             10,484,690
     Cumulative net income                                                              4,633,571              4,566,029
     Cumulative cash distributions                                                    (14,673,509)           (14,582,072)
     Reallocation of capital accounts                                                    (405,271)              (404,014)
                                                                                  ---------------        ---------------
                                                                                           39,481                 64,633
                                                                                  ---------------        ---------------
     Total partners' equity                                                                39,481                 64,633
                                                                                  ---------------        ---------------

     Total liabilities and partners' equity                                       $        83,926        $       173,197
                                                                                  ===============        ===============
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>

<TABLE>
<CAPTION>

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

                            Statements of Operations
                                   (Unaudited)

                                                         Quarters Ended                          Nine Months Ended
                                                          September 30,                            September 30,
                                                 -------------------------------        --------------------------------
                                                     1997              1996                   1997               1996
                                                 -------------------------------        --------------------------------

<S>                                              <C>               <C>                  <C>                 <C>         
Revenue:
   Rental income on operating leases             $     58,499      $      84,408        $    194,880        $    241,843
   Interest income                                        590              1,266               2,047               3,348
   Other income                                             -                  -                  50                   -
   Net gain (loss) on sale
     of equipment                                           -             (1,131)              1,631              10,468
                                                 ------------      -------------        ------------        ------------

       Total revenue                                   59,089             84,543             198,608             255,659
                                                 ------------      -------------        ------------        ------------

Costs and expenses:
   Depreciation                                        10,261             18,390              32,132              56,783
   Related party expenses (note 4):
     Management fees                                    5,183              6,503              18,679              19,067
     General and administrative                        31,089             21,199              81,984              63,491
   Reversal of provision for
     doubtful accounts                                 (2,083)                 -              (5,284)            (60,000)
                                                 ------------      -------------        ------------        ------------

       Total costs and expenses                        44,450             46,092             127,511              79,341
                                                 ------------      -------------        ------------        ------------

Net income                                       $     14,639      $      38,451        $     71,097        $    176,318
                                                 ============      =============        ============        ============

Net income per Limited
   Partnership Unit                              $       0.57      $        1.50        $       2.77        $       6.87
                                                 ============      =============        ============        ============
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>

<TABLE>
<CAPTION>

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

                            Statements of Cash Flows
                  Nine Months Ended September 30, 1997 and 1996
                                   (Unaudited)

                                                                                            1997                     1996
                                                                                      ---------------         ----------------

<S>                                                                                   <C>                     <C>             
Cash flows from operating activities:
   Net income                                                                         $        71,097         $        176,318
                                                                                      ---------------         ----------------

Adjustments  to  reconcile   net  income  to  net  cash  provided
   by  operating activities:
     Depreciation                                                                              32,132                   56,783
     Reversal of provision for doubtful accounts                                               (5,284)                 (60,000)
     Net gain on sale of equipment                                                             (1,631)                 (10,468)
     Net decrease in current assets                                                            39,165                   74,908
     Net increase (decrease) in current liabilities                                                47                   (4,331)
                                                                                      ---------------         ----------------

           Total adjustments                                                                   64,429                   56,892
                                                                                      ---------------         ----------------

           Net cash provided by operating activities                                          135,526                  233,210
                                                                                      ---------------         ----------------

Cash flows from investing activities:
   Proceeds from sales of investment property                                                   1,631                   15,548
                                                                                      ---------------         ----------------

           Net cash provided by investing activities                                            1,631                   15,548
                                                                                      ---------------         ----------------

Cash flows from financing activities:
   Cash distributions to partners                                                            (160,416)                (192,497)
                                                                                      ---------------         ----------------

           Net cash used in financing activities                                             (160,416)                (192,497)
                                                                                      ---------------         ----------------

Net (decrease) increase in cash and cash equivalents                                          (23,259)                  56,261

Cash and cash equivalents at beginning of period                                               60,959                   71,333
                                                                                      ---------------         ----------------

Cash and cash equivalents at end of period                                            $        37,700         $        127,594
                                                                                      ===============         ================
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>


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

                          Notes to Financial Statements
           Nine Months Ended September 30, 1997 and September 30, 1996
                                   (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, 1996.

(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, 1997 and December 31, 1996,
the  allowance for doubtful  accounts  included in rents  receivable  was $0 and
$5,284, respectively.

(3)   Investment Property

At  September  30,  1997,  the  Partnership  owned  computer  equipment  with  a
depreciated cost basis of $44,019,  subject to existing leases. All purchases of
computer  equipment  are subject to a 2.5%  acquisition  fee paid to the General
Partner.


<PAGE>


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

                          Notes to Financial Statements
           Nine Months Ended September 30, 1997 and September 30, 1996
                                   (Unaudited)

(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 are as follows:

                                                  1997               1996
                                                  ----               ----

      Management fees                         $    18,679        $    19,067
      Reimbursable expenses paid                   63,002             59,630
                                              -----------        -----------

                                              $    81,681        $    78,697
                                              ===========        ===========

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% of the monthly rental billings,  paid monthly,  based
on rents received. 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, 1997, the  declaration of  Distributable
Cash was as follows:

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

<S>                                <C>                                      <C>                   <C>               <C>    
March 31, 1997                     May 15, 1997                             $ 1.25                $ 30,479          $ 1,604
June 30, 1997                      August 15, 1997                          $ 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 months ended  September  30, 1997,  in  comparison  to the same periods
ended September 30, 1996.

The  Partnership  realized  net income of $14,639 and  $38,451 for the  quarters
ended  September  30, 1997 and 1996,  respectively.  Rental  income on operating
leases decreased $25,909 or 31% between the three month periods. The decrease in
rental  income  is due  to  lower  rental  rates  obtained  on  equipment  lease
extensions  and  remarketings  after the initial lease term expires and due to a
decrease in the size of the equipment portfolio.  Interest income decreased as a
result of lower  average  short-term  cash  balances  held  during  the  current
quarter.

Total costs and expenses decreased $1,642 or 4% between the three month periods.
Depreciation  expense  decreased  $8,129  or 44% due to a large  portion  of the
equipment  portfolio  becoming fully  depreciated  and due to a reduction in the
overall  equipment  portfolio.  Management  fees decreased due to the decline in
rental income.  General and  administrative  expenses  increased $9,890. A major
factor  contributing  to this  increase is that the  reimbursable  salaries  and
expenses of the  partnership  accounting and reporting  personnel of the General
Partner are being  allocated  over a diminishing  number of  partnerships  under
management.  The $2,083  reversal of the provision for doubtful  accounts in the
current  quarter  is due to the  successful  collection  efforts  on  delinquent
accounts.

The Partnership  realized net income of $71,097 and $176,318 for the nine months
ended  September  30, 1997 and 1996,  respectively.  Rental  income on operating
leases decreased $46,963 or 19%. As discussed in the quarter analysis above, the
decrease in rental  income is primarily  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 overall  size of the  equipment  portfolio.
Interest  income  decreased  $1,301 from 1996 as a result of lower cash balances
held during the current nine month period. Other income in 1997 is the result of
a sales tax refund received from the State of Colorado. The decrease in net gain
on sale of  equipment  in 1997 is due to a  smaller  number of  equipment  sales
carrying high net book values.

Total costs and expenses increased $48,170 or 61% during the nine month periods.
The  increase  in costs and  expenses  is  primarily  the result of the  $60,000
reversal of provision for doubtful accounts in 1996. The $24,651 or 43% decrease
in  depreciation  expense is primarily  due to a large  portion of the equipment
portfolio  becoming fully  depreciated and a reduction in the overall  equipment
portfolio.  Management  fees  decreased  due to the  decline  in rental  income.
General and  administrative  expenses  increased $18,493 or 29% mainly due to an
increase in the allocable  salaries of the partnership  accounting and reporting
personnel of the General Partner during the current year. The $5,284 reversal of
the  provision  for  doubtful  accounts is the result of  successful  collection
efforts of delinquent accounts in 1997.

The Partnership  recorded net income per Limited  Partnership  Unit of $0.57 and
$1.50 for the quarters  ended  September  30, 1997 and 1996,  respectively,  and
$2.77 and $6.87 for the nine month  periods  ended  September 30, 1997 and 1996,
respectively.


<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, 1997,  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 sold.  This
decision  is made upon  analyzing  which  option  generates  the most  favorable
result.

Rental income on operating  leases has continued to decrease due to two factors.
First, lower rates are usually obtained on the remarketing of existing equipment
upon the expiration of the original lease.  Typically,  the remarketed rates are
lower  due to  the  decrease  in  useful  life  of the  equipment.  Second,  the
increasing  change of technology in the computer  industry usually decreases the
demand for older  equipment,  thus increasing the  possibility of  obsolescence.
Both of these factors  together cause remarketed rates to be lower than original
rates.

For the nine months  ended  September  30,  1997,  the  Partnership's  investing
activities  generated $1,631 in sales proceeds on the sale of fully  depreciated
equipment  with an  original  cost  basis of  $39,934.  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
effects of inflation have not been  significant to the  Partnership  and are not
expected to have a material impact in future periods.

During the third quarter of 1997, the General  Partner  announced its intentions
of winding down the operations of the Partnership. It is anticipated that all of
the assets will be liquidated by December 31, 1997. The proceeds  generated from
the sale of the assets will be used to settle all outstanding liabilities and to
make a final distribution during February, 1998.

Cash  distributions  are  currently  halted in an effort to  minimize  costs and
accumulate cash in anticipation of a final distribution to the Partners once the
Partnership has been liquidated.




<PAGE>


                           PART II. OTHER INFORMATION

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


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


<PAGE>


                                    SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) 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


Date:  November 7, 1997

By:    Arthur P. Beecher,
       President