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 March 31, 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 March 31, 1997 and December 31, 1996                                    3

                    Statements of Operations
                         Quarters Ended March 31, 1997 and 1996                                                  4

                    Statements of Cash Flows
                         Quarters Ended March 31, 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)
                                                                                      3/31/97               12/31/96
                                                                                 ----------------       ----------------

<S>                                                                              <C>                    <C>             
Investment property, at cost (note 3):
   Computer equipment                                                            $      1,437,760       $      1,444,033
     Less accumulated depreciation                                                      1,372,546              1,367,883
                                                                                 ----------------       ----------------
       Investment property, net                                                            65,214                 76,150

Cash and cash equivalents                                                                  66,416                 60,959
Rents receivable, net (note 2)                                                             13,410                 27,132
Sales receivable                                                                            1,381                      -
Accounts receivable - affiliates, net (note 4)                                                  -                  8,956
                                                                                 ----------------       ----------------

     Total assets                                                                $        146,421       $        173,197
                                                                                 ================       ================

                        Liabilities and Partners' Equity
Liabilities:
   Accounts payable and accrued
     expenses - affiliates (note 4)                                              $         30,002       $         30,261
   Accounts payable and accrued expenses                                                   15,352                 14,136
   Distributions payable (note 5)                                                          32,083                 64,167
                                                                                 ----------------       ----------------

     Total liabilities                                                                     77,437                108,564
                                                                                 ----------------       ----------------

Partners' equity:
   General Partner:
     Capital contribution                                                                   1,000                  1,000
     Cumulative net income                                                                242,139                240,317
     Cumulative cash distributions                                                       (646,935)              (645,331)
     Reallocation of capital accounts                                                     403,796                404,014
                                                                                 ----------------       ----------------
                                                                                                -                      -
                                                                                 ----------------       ----------------
   Limited Partners (24,383 units):
     Capital contribution, net of
       offering costs                                                                  10,484,690             10,484,690
     Cumulative net income                                                              4,600,641              4,566,029
     Cumulative cash distributions                                                    (14,612,551)           (14,582,072)
     Reallocation of capital accounts                                                    (403,796)              (404,014)
                                                                                 ----------------       ----------------
                                                                                           68,984                 64,633
                                                                                 ----------------       ----------------
     Total partners' equity                                                                68,984                 64,633
                                                                                 ----------------       ----------------

     Total liabilities and partners' equity                                      $        146,421       $        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
                     Quarters Ended March 31, 1997 and 1996
                                   (Unaudited)

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

<S>                                                                                 <C>                    <C>            
Revenue:
   Rental income on operating leases                                                $        72,493        $        95,163
   Interest income                                                                              724                    655
   Net gain on sale of equipment                                                              1,381                      -
                                                                                    ---------------        ---------------

       Total revenue                                                                         74,598                 95,818
                                                                                    ---------------        ---------------

Costs and expenses:
   Depreciation                                                                              10,936                 19,198
   Related party expenses (note 4):
     Management fees                                                                          7,516                  5,957
     General and administrative                                                              22,263                 19,694
   Reversal of provision for doubtful accounts                                               (2,551)                     -
                                                                                    ---------------        ---------------

       Total costs and expenses                                                              38,164                 44,849
                                                                                    ---------------        ---------------

   Net income                                                                       $        36,434        $        50,969
                                                                                    ===============        ===============

   Net income per Limited Partnership Unit                                          $          1.42        $          1.99
                                                                                    ===============        ===============
</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
                     Quarters Ended March 31, 1997 and 1996
                                   (Unaudited)

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

<S>                                                                                         <C>               <C>          
Cash flows from operating activities:
   Net income                                                                               $      36,434     $      50,969
                                                                                            -------------     -------------

Adjustments  to  reconcile   net  income  to  net  cash
   provided  by  operating  activities:
     Depreciation                                                                                  10,936            19,198
     Net gain on sale of equipment                                                                 (1,381)                -
     Reversal of provision for doubtful accounts                                                   (2,551)                -
     Net decrease (increase) in current assets                                                     23,848           (11,285)
     Net increase (decrease) in current liabilities                                                   957            (6,760)
                                                                                            -------------     -------------

       Total adjustments                                                                           31,809             1,153
                                                                                            -------------     -------------

       Net cash provided by operating activities                                                   68,243            52,122
                                                                                            -------------     -------------

Cash flows from investing activities:
   Proceeds from sales of investment property                                                       1,381                 -
                                                                                            -------------     -------------

       Net cash provided by investing activities                                                    1,381                 -
                                                                                            -------------     -------------

Cash flows from financing activities:
   Cash distributions to partners                                                                 (64,167)          (64,166)
                                                                                            -------------     -------------

       Net cash used in financing activities                                                      (64,167)          (64,166)
                                                                                            -------------     -------------

Net increase (decrease) in cash and cash equivalents                                                5,457           (12,044)

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

Cash and cash equivalents at end of period                                                  $      66,416     $      59,289
                                                                                            =============     =============
</TABLE>


                 See accompanying notes to financial statements.


<PAGE>


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

                          Notes to Financial Statements
                Quarters Ended March 31, 1997 and March 31, 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 March 31, 1997 and December 31, 1996, the
allowance  for doubtful  accounts  included in rents  receivable  was $2,733 and
$5,284, respectively.

(3)   Investment Property

At March 31, 1997, the Partnership  owned computer  equipment with a depreciated
cost basis of $65,214,  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
                Quarters Ended March 31, 1997 and March 31, 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 three months ended
March 31 are as follows:

                                              1997                      1996
                                              ----                      ----

Management fees                          $      7,516              $      5,957
Reimbursable expenses paid                     22,640                    20,571
                                         ------------              ------------

                                         $     30,156              $     26,528
                                         ============              ============

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 three months ended March 31, 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

</TABLE>



<PAGE>


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

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

Results of Operations

The following  discussion  relates to Partnership's  operations  for  the  three
month period ended March 31, 1997 compared to the same period in 1996.

The  Partnership  realized  net income of $36,432 and  $50,969 for the  quarters
ended March 31, 1997 and 1996,  respectively.  Rental income on operating leases
decreased $22,670 or 24% 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 has expired and due to a decrease in
the size of the equipment  portfolio.  Interest income  increased as a result of
higher average short-term  investment  balances held during the first quarter of
1997.  The net gain on sale of  equipment  of $1,381 is  attributed  to sales of
fully depreciated equipment in the current quarter.

Total  costs and  expenses  decreased  $6,685  or 15%  between  the three  month
periods.  The decrease in costs and expenses is primarily  due to the decline in
depreciation  expense.  Depreciation expense decreased due to a large portion of
the equipment  portfolio becoming fully  depreciated,  and due to a reduction in
the overall  equipment  portfolio.  Although rental income declined,  management
fees increased $1,559 or 26% due to the increased collection of delinquent rents
receivable in the current quarter.  General and administrative expense increased
$2,569 or 13%. A major factor contributing to this increase is that salaries and
expenses of the  partnership  accounting and reporting  personnel of the General
Partner,  which are reimbursable by the various  partnerships  under management,
are being allocated over a diminishing  number of partnerships.  The reversal of
provision for doubtful  accounts in the current quarter is due to the successful
collection efforts of delinquent rents receivable.

The  Partnership  recorded  net  income  per Limited  Partnership  Unit of $1.42
and $1.99 for the  quarters  ended March 31, 1997 and 1996, respectively.

Liquidity and Capital Resources

For the three  months  ended  March 31,  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.



<PAGE>


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

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

Rental income on operating  leases has continued to decrease due to two factors.
First,  lower rates are 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 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 $77,389 and are to be received over the next four years.

For  the  three  months  ended  March  31,  1997,  the  Partnership's  investing
activities  generated $1,381 in sales proceeds on the sale of fully  depreciated
equipment with an original cost basis of $6,273. 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.

Cash  distributions  are  currently  at  an  annual  level  of  1%  per  Limited
Partnership  Unit, or $1.25 per Limited  Partnership  Unit on a quarterly basis.
For  the  quarter  ended  March  31,  1997,  the  Partnership  declared  a  cash
distribution  of $32,083,  of which $1,604 was allocated to the General  Partner
and $30,479 was allocated to the Limited Partners. The distribution will be paid
on May 15,  1997.  The  Partnership  expects to continue  paying at or near this
level. The effects of inflation have not been significant to the Partnership and
are not expected to have a material impact in future periods.




<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




By:     Arthur P. Beecher,
        President

Date:   May 12, 1997