SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C. 20549
                                      FORM 10-Q


 X   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
     For the quarterly period ended June 30, 1997

___  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from                    to                     

                                                Commission file number 33-29987
  

         Corporate Realty Income Trust I             
     (Exact name of registrant as specified in its charter)


   Massachusetts                                       13-6931017     
(State of organization)                            (I.R.S. Employer   
                                                  identification No.)


388 Greenwich Street, 37th Floor, New York, New York     10013   
(Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code (212) 816-8237
                                   
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    

The number of shares of beneficial interest of the Registrant outstanding as of
August 18, 1997 is 1,010,776 shares.


<PAGE>

                                     SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                             CORPORATE REALTY INCOME TRUST I
                                                     (Registrant)




Dated:    August 18, 1997               By: James C. Cowles          
                                            Chairman, President, and Treasurer






Dated:    August 18, 1997               By: Valerie A. St. John        
                                            Controller


<PAGE>
<PAGE>

                                     SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                             CORPORATE REALTY INCOME TRUST I
                                                     (Registrant)




Dated:    August 18, 1997               By: /s/ James C. Cowles              
                                            James C. Cowles                  
                                            Chairman, President, and Treasurer






Dated:    August 18, 1997               By: /s/ Valerie A. St. John          
                                            Valerie A. St. John              
                                            Controller