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 Quarter Ended June 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.

Part I.       FINANCIAL INFORMATION

<S>           <C>                                                                                                 <C>
              Financial Statements

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

                    Statements of Operations
                          Quarters Ended June 30, 1997 and 1996 and
                          Six Months Ended June 30, 1997 and 1996                                                 4

                    Statements of Cash Flows
                          Six Months Ended June 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)
                                                                                      6/30/97               12/31/96
                                                                                 ----------------       ----------------
<S>                                                                              <C>                    <C>             
Investment property, at cost (note 3):
   Computer equipment                                                            $      1,412,572       $      1,444,033
     Less accumulated depreciation                                                      1,358,292              1,367,883
                                                                                 ----------------       ----------------
       Investment property, net                                                            54,280                 76,150

Cash and cash equivalents                                                                  67,957                 60,959
Rents receivable, net (note 2)                                                              8,632                 27,132
Sales receivable, net (note 2)                                                                  -                      -
Accounts receivable - affiliates (note 4)                                                       -                  8,956
                                                                                 ----------------       ----------------

     Total assets                                                                $        130,869       $        173,197
                                                                                 ================       ================

                        Liabilities and Partners' Equity
Liabilities:
   Accounts payable and accrued
     expenses - affiliates (note 4)                                              $         22,398       $         30,261
   Accounts payable and accrued expenses                                                   19,462                 14,136
   Distributions payable (note 5)                                                          64,167                 64,167
                                                                                 ----------------       ----------------

     Total liabilities                                                                    106,027                108,564
                                                                                 ----------------       ----------------

Partners' equity:
   General Partner:
     Capital contribution                                                                   1,000                  1,000
     Cumulative net income                                                                243,140                240,317
     Cumulative cash distributions                                                       (650,143)              (645,331)
     Reallocation of capital accounts                                                     406,003                404,014
                                                                                 ----------------       ----------------
                                                                                                -                      -
                                                                                 ----------------       ----------------
   Limited Partners (24,383 units):
     Capital contribution, net of
       offering costs                                                                  10,484,690             10,484,690
     Cumulative net income                                                              4,619,664              4,566,029
     Cumulative cash distributions                                                    (14,673,509)           (14,582,072)
     Reallocation of capital accounts                                                    (406,003)              (404,014)
                                                                                 ----------------       ----------------
                                                                                           24,842                 64,633
                                                                                 ----------------       ----------------
     Total partners' equity                                                                24,842                 64,633
                                                                                 ----------------       ----------------

     Total liabilities and partners' equity                                      $        130,869       $        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                          Six Months Ended
                                                            June 30,                                June 30,
                                                 -------------------------------        --------------------------------
                                                     1997              1996                   1997               1996
                                                 -------------------------------        --------------------------------

<S>                                              <C>               <C>                  <C>                 <C>         
Revenue:
   Rental income on operating leases             $     63,888      $      62,272        $    136,381        $    157,435
   Interest income                                        733              1,427               1,457               2,082
   Other income                                            50                  -                  50                   -
   Net gain on sale
     of equipment                                         250             11,599               1,631              11,599
                                                 ------------      -------------        ------------        ------------

       Total revenue                                   64,921             75,298             139,519             171,116
                                                 ------------      -------------        ------------        ------------

Costs and expenses:
   Depreciation                                        10,935             19,195              21,871              38,393
   Related party expenses (note 4):
     Management fees                                    5,980              6,607              13,496              12,564
     General and administrative                        28,632             22,598              50,895              42,292
   Reversal of provision for
     doubtful accounts                                   (650)           (60,000)             (3,201)            (60,000)
                                                 ------------      -------------        ------------        ------------

       Total costs and expenses                        44,897            (11,600)             83,061              33,249
                                                 ------------      -------------        ------------        ------------

Net income                                       $     20,024      $      86,898        $     56,458        $    137,867
                                                 ============      =============        ============        ============

Net income per Limited
   Partnership Unit                              $        .78      $        3.38        $       2.20        $       5.37
                                                 ============      =============        ============        ============
</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
                     Six Months Ended June 30, 1997 and 1996
                                   (Unaudited)

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

<S>                                                                                   <C>                     <C>             
Cash flows from operating activities:
   Net income                                                                         $        56,458         $        137,867
                                                                                      ---------------         ----------------

Adjustments  to  reconcile   net  income  to  net  cash  provided
   by  operating activities:
     Depreciation                                                                              21,871                   38,393
     Reversal of provision for doubtful accounts                                               (3,201)                 (60,000)
     Net gain on sale of equipment                                                             (1,631)                 (11,599)
     Net decrease in current assets                                                            30,657                   71,730
     Net (decrease) increase in current liabilities                                            (2,537)                   6,329
                                                                                      ---------------         ----------------

           Total adjustments                                                                   45,159                   44,853
                                                                                      ---------------         ----------------

           Net cash provided by operating activities                                          101,617                  182,720
                                                                                      ---------------         ----------------

Cash flows from investing activities:
   Proceeds from sales of investment property                                                   1,631                   11,599
                                                                                      ---------------         ----------------

           Net cash provided by investing activities                                            1,631                   11,599
                                                                                      ---------------         ----------------

Cash flows from financing activities:
   Cash distributions to partners                                                             (96,250)                (128,332)
                                                                                      ---------------         ----------------

           Net cash used in financing activities                                              (96,250)                (128,332)
                                                                                      ---------------         ----------------

Net increase in cash and cash equivalents                                                       6,998                   65,987

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

Cash and cash equivalents at end of period                                            $        67,957         $        137,320
                                                                                      ===============         ================
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>


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

                          Notes to Financial Statements
                Six Months Ended June 30, 1997 and June 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 June 30, 1997 and December 31, 1996, the
allowance  for  doubtful  accounts  included  in rents  receivable  was $733 and
$5,284,   respectively,   and  $1,350  and  $0  included  in  sales  receivable,
respectively.

(3)   Investment Property

At June 30, 1997, the  Partnership  owned computer  equipment with a depreciated
cost basis of $54,280,  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
                Six Months Ended June 30, 1997 and June 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 six months ended
June 30 are as follows:

<TABLE>
<CAPTION>
                                                                            1997                      1996
                                                                            ----                      ----

<S>                                                                    <C>                       <C>         
Management fees                                                        $     13,496              $     12,564
Reimbursable expenses paid                                                   43,718                    45,457
                                                                       ------------              ------------

                                                                       $     57,214              $     58,021
                                                                       ============              ============
</TABLE>

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 six months ended June 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 Partnership's operations for the quarter and
six months ended June 30, 1997 in  comparison to the same periods ended June 30,
1996.

The  Partnership  realized  net income of $20,024 and  $86,898 for the  quarters
ended June 30, 1997 and 1996,  respectively.  Rental income on operating  leases
increased  $1,616 or 3% between the three month periods.  The increase in rental
income  between the two periods is due to  favorable  rates on  equipment  lease
extensions during the current quarter.  Interest income decreased as a result of
lower average  short-term cash balances held during the current  quarter.  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 the current  quarter
is primarily due to a smaller number of equipment sales.

Total costs and  expenses  increased  $56,497 or 487% in 1997.  The  significant
increase in costs and  expenses  is  primarily  due to the  $60,000  reversal of
provision for doubtful accounts recorded in 1996. Depreciation expense decreased
$8,260 or 43% 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  slightly  in  correlation  to the  decline in rents
actually received between the two periods.  General and administrative  expenses
increased  $6,034.  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 $650 reversal of provision for doubtful
accounts in the current quarter is due to the successful  collection  efforts of
delinquent rents receivable.

The  Partnership  realized net income of $56,458 and $137,867 for the six months
ended June 30,  1997 and 1996,  respectively.  The  $21,054 or 13%  decrease  in
rental income is attributed  to lower rental rates  obtained on equipment  lease
extensions  and  remarketings  resulting  after the initial  lease term expires.
Interest  income  decreased  from 1996 as a result of lower cash  balances  held
during the current six month period. As mentioned above, other income is related
to 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 $49,812 or 150% during the six month periods.
As was  discussed  in the  quarter  analysis  above,  the  increase in costs and
expenses is  primarily  the result of the  $60,000  reversal  of  provision  for
doubtful  accounts in 1996. The $16,522 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
increased  mainly  due to an  increase  in rental  collections  during the year.
General and  administrative  expenses  increased  $8,603 or 20% 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 $3,201 reversal of
provision for doubtful accounts is the result of successful  collection  efforts
of delinquent rents receivable in 1997.


<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)

The  Partnership  recorded net income per Limited  Partnership  Unit of $.78 and
$3.38 for the quarters ended June 30, 1997 and 1996, respectively, and $2.20 and
$5.37 for the six month periods ended June 30, 1997 and 1996, respectively.

Liquidity and Capital Resources

For the six months ended June 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  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 through a reduction in the rate of cash distributions. Future rental revenues
from  operating  leases  amount to $132,312 and are to be received over the next
four years.

For the six months ended June 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 $31,461.  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  2%  per  Limited
Partnership  Unit, or $2.50 per Limited  Partnership  Unit on a quarterly basis.
For  the  quarter  ended  June  30,  1997,  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 paid
on August 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


Date:  August 13, 1997

By:    Arthur P. Beecher,
       President