February 14, 2001




Securities and Exchange Commission
450 Fifth Street, N.W.

Washington, D.C.  20549

Re:    Boston Financial Tax Credit Fund VIII, A Limited Partnership
       Report on Form 10-QSB for the Quarter Ended December 31, 2000
       File Number 0-26522


Dear Sir/Madam:

Pursuant to the requirements of Section 15(d) of the Securities  Exchange Act of
1934, filed herewith is a copy of subject report.

Very truly yours,




/s/Stephen Guilmette

Stephen Guilmette
Assistant Controller

TC8-Q3.DOC


<PAGE>


                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[ X ]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE ACT OF 1934

For the quarterly period ended                    December 31, 2000
                              -------------------------------------

                                                         OR

[   ]     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    0-26522
                                                   -------

        Boston Financial Tax Credit Fund  VIII,  A Limited  Partnership
        ---------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

                   Massachusetts                            04-3205879
-------------------------------------------  ----------------------------------
     (State or other jurisdiction of       (I.R.S. Employer Identification No.)
       incorporation or organization)


   101 Arch Street, Boston, Massachusetts                    02110-1106
---------------------------------------------    -------------------------------
  (Address of principal executive offices)                   (Zip Code)


Registrant's telephone number, including area code         (617) 439-3911
                                                   -----------------------------

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 .


<PAGE>


                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>

PART I.  FINANCIAL INFORMATION                                                              Page No.
------------------------------                                                              --------

Item 1.  Financial Statements

<S>                                                                                             <C>
         Balance Sheet - December 31, 2000 (Unaudited)                                           1

         Statements of Operations (Unaudited) - For the Three and Nine
            Months Ended December 31, 2000 and 1999                                              2

         Statement of Changes in Partners' Equity (Deficiency) (Unaudited) -
            For the Nine Months Ended December 31, 2000                                          3

         Statements of Cash Flows (Unaudited) - For the Nine
            Months Ended December 31, 2000 and 1999                                              4

         Notes to the Financial Statements (Unaudited)                                           5

Item 2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations                                                     6

PART II - OTHER INFORMATION

Items 1-6                                                                                        8

SIGNATURE                                                                                        9
</TABLE>


<PAGE>



                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)


                                  BALANCE SHEET
                                December 31, 2000
                                   (Unaudited)
<TABLE>
<CAPTION>

Assets

<S>                                                                                              <C>
Cash and cash equivalents                                                                        $     125,243
Investments in Local Limited Partnerships, net (Note 1)                                             19,518,164
Marketable securities, at fair value                                                                 1,495,513
Other assets                                                                                            22,322
                                                                                                 -------------
       Total Assets                                                                              $  21,161,242
                                                                                                 =============

Liabilities and Partners' Equity

Liabilities

   Accounts payable to affiliate                                                                 $     476,022
   Accrued expenses                                                                                     40,142
                                                                                                 -------------
       Total Liabilities                                                                               516,164
                                                                                                 -------------

General, Initial and Investor Limited Partners' Equity                                              20,637,841
Net unrealized gains on marketable securities                                                            7,237
                                                                                                 -------------
Total Partners' Equity                                                                              20,645,078
                                                                                                 -------------
       Total Liabilities and Partners' Equity                                                    $  21,161,242
                                                                                                 =============
</TABLE>

The  accompanying  notes are an  integral  part of these financial statements.
<PAGE>
                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)

                            STATEMENTS OF OPERATIONS

         For the Three and Nine Months Ended December 31, 2000 and 1999
                                   (Unaudited)

<TABLE>
<CAPTION>
                                             Three Months Ended                          Nine Months Ended
                                      December 31,         December 31,           December 31,       December 31,
                                          2000                 1999                   2000              1999
                                      -------------        -------------         --------------    ---------------

Revenue:
<S>                                   <C>                  <C>                   <C>               <C>
   Investment                         $      25,266        $      23,506         $       74,696    $        67,779
   Other                                         50                   50                  1,030              1,200
                                      -------------        -------------         --------------    ---------------
     Total Revenue                           25,316               23,556                 75,726             68,979
                                      -------------        -------------         --------------    ---------------

Expenses:
   Asset management fees,
     related party                           52,679               51,555                158,037            154,665
   General and administrative
     expenses (includes
     reimbursements to affiliates
     in the amounts of $18,957
     and $57,340 in 2000 and
     1999, respectively)                    (26,186)              38,800                 55,466            105,844
   Provision for valuation
     of Investment in Local
     Limited Partnerships                     8,884                    -                  8,884                  -
   Amortization                               7,486                7,486                 22,458             22,457
                                      -------------        -------------         --------------    ---------------
       Total Expenses                        42,863               97,841                244,845            282,966
                                      -------------        -------------         --------------    ---------------

Loss before equity in losses
   of Local Limited Partnerships            (17,547)             (74,285)              (169,119)          (213,987)

Equity in losses of Local
   Limited Partnerships (Note 1)           (536,791)            (466,111)            (1,488,771)        (1,515,738)
                                      -------------        -------------         --------------    ---------------

Net Loss                              $    (554,338)       $    (540,396)        $   (1,657,890)   $    (1,729,725)
                                      =============        =============         ==============    ===============

Net Loss allocated:
   To General Partners                $      (5,543)       $      (5,404)        $      (16,579)   $       (17,297)
   To Limited Partners                     (548,795)            (534,992)            (1,641,311)        (1,712,428)
                                      -------------        -------------         --------------    ---------------
                                      $    (554,338)       $    (540,396)        $   (1,657,890)   $    (1,729,725)
                                      =============        =============         ==============    ===============
Net Loss per Limited

   Partnership Unit (36,497 Units)    $      (15.04)       $      (14.66)        $       (44.97)   $        (46.92)
                                      =============        =============         ==============    ===============

</TABLE>

The  accompanying  notes are an  integral  part of these financial statements.

<PAGE>
                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)

              STATEMENT OF CHANGES IN PARTNERS' EQUITY (DEFICIENCY)

                   For the Nine Months Ended December 31, 2000
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                        Net
                                                    Initial          Investor       Unrealized
                                     General        Limited           Limited          Gains
                                      Partner       Partner          Partners        (Losses)          Total

<S>                                 <C>            <C>            <C>               <C>            <C>
Balance at March 31, 2000           $   (93,390)   $     100      $   22,389,021    $   (22,329)   $  22,273,402
                                    -----------    ---------      --------------    -----------    -------------

Comprehensive Income (Loss):
   Change in net unrealized gains
     (losses) on marketable securities
     available for sale                       -            -                   -         29,566           29,566
   Net Loss                             (16,579)           -          (1,641,311)             -       (1,657,890)
                                    -----------    ---------      --------------    -----------    -------------
Comprehensive Income (Loss)             (16,579)           -          (1,641,311)        29,566       (1,628,324)
                                    -----------    ---------      --------------    -----------    -------------

Balance at December 31, 2000        $  (109,969)   $     100      $   20,747,710    $     7,237    $  20,645,078
                                    ===========    =========      ==============    ===========    =============
</TABLE>


The  accompanying  notes are an  integral  part of these financial statements.

<PAGE>
                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)

                            STATEMENTS OF CASH FLOWS
              For the Nine Months Ended December 31, 2000 and 1999
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                    2000              1999
                                                                                -------------    -------------

<S>                                                                             <C>              <C>
Net cash used for operating activities                                          $    (150,771)   $    (142,923)
                                                                                -------------    -------------

Net cash provided by investing activities                                              87,369          260,480
                                                                                -------------    -------------

Net increase (decrease) in cash and cash equivalents                                  (63,402)         117,557

Cash and cash equivalents, beginning of period                                        188,645          180,030
                                                                                -------------    -------------

Cash and cash equivalents, end of period                                        $     125,243    $     297,587
                                                                                =============    =============
</TABLE>


The  accompanying  notes are an  integral  part of these financial statements.


<PAGE>

                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)



                          Notes to Financial Statements

                                   (Unaudited)

The  unaudited  financial  statements  presented  herein  have been  prepared in
accordance  with the  instructions  to Form 10-QSB and do not include all of the
information  and note  disclosures  required by  generally  accepted  accounting
principles.  These  statements  should be read in conjunction with the financial
statements  and notes thereto  included with the Fund's  Form10-KSB for the year
ended March 31, 2000. In the opinion of management,  these financial  statements
include  all  adjustments,  consisting  only of  normal  recurring  adjustments,
necessary  to present  fairly  the  Fund's  financial  position  and  results of
operations.  The results of operations  for the periods may not be indicative of
the results to be expected for the year.

The Managing  General Partner has elected to report results of the Local Limited
Partnerships  on a 90 day lag  basis,  because  the Local  Limited  Partnerships
report  their  results on a calendar  year  basis.  Accordingly,  the  financial
information  about  the  Local  Limited  Partnerships  that is  included  in the
accompanying financial statements is as of September 30, 2000 and 1999.

1.   Investments in Local Limited Partnerships

The Fund uses the equity method to account for its limited partnership interests
in ten Local Limited  Partnerships  which own and operate  multi-family  housing
complexes. The Fund, as Investor Limited Partner,  pursuant to the Local Limited
Partnership  Agreements,   which  contain  certain  operating  and  distribution
restrictions,  has acquired a 99% interest in the profits,  losses,  tax credits
and cash flows  from  operations  of the Local  Limited  Partnerships,  with the
exception of  Springwood,  Hemlock Ridge,  Pike Place and West End Place,  where
79.20%,  77%,  90%  and  90%  interests  were  acquired,  respectively.  Another
partnership  sponsored by an affiliate of the General Partner owns the remaining
19.80% Limited Partnership  interest in Springwood.  Upon dissolution,  proceeds
will be distributed according to the partnership agreements.

The  following is a summary of  Investments  in Local  Limited  Partnerships  at
December 31, 2000:
<TABLE>
<CAPTION>

Capital Contributions and advances paid to Local
<S>                                                                                          <C>
   Limited Partnerships                                                                      $  29,273,743

Cumulative equity in losses of Local
   Limited Partnerships                                                                        (10,169,580)

Cumulative cash distributions received
   from Local Limited Partnerships                                                                (461,836)
                                                                                             -------------

Investments in Local Limited Partnerships
   before adjustments                                                                           18,642,327

Excess of investment cost over the underlying net assets acquired:

     Acquisition fees and expenses                                                               1,048,010

     Accumulated amortization of acquisition
       fees and expenses                                                                          (163,289)

Provision for valuation of investment in Local
   Limited Partnership                                                                              (8,884)
                                                                                             -------------

Investments in Local Limited Partnerships                                                    $  19,518,164
                                                                                             =============
</TABLE>

The Fund's share of net losses of the Local  Limited  Partnerships  for the nine
months ended December 31, 2000 is $1,488,771.


<PAGE>


                      BOSTON FINANCIAL TAX CREDIT FUND VIII

                             (A Limited Partnership)


                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Certain matters  discussed herein constitute  forward-looking  statements within
the meaning of the Private  Securities  Litigation  Reform Act of 1995. The Fund
intends  such  forward-looking  statements  to be  covered  by the  safe  harbor
provisions  for  forward-looking  statements and is including this statement for
purposes of  complying  with these safe  harbor  provisions.  Although  the Fund
believes the forward-looking statements are based on reasonable assumptions, the
Fund can give no assurance  that their  expectations  will be  attained.  Actual
results  and  timing of  certain  events  could  differ  materially  from  those
projected in or contemplated by the  forward-looking  statements due to a number
of factors,  including,  without  limitation,  general  economic and real estate
conditions and interest rates.

Liquidity and Capital Resources

At December 31, 2000,  the Fund had cash and cash  equivalents  of $125,243,  as
compared, to $188,645 at March 31, 2000. This decrease is primarily attributable
to  purchases  of  marketable  securities  in excess of proceeds  from sales and
maturities of marketable  securities.  This decrease is partially offset by cash
distributions received from Local Limited Partnerships.

At December 31, 2000, approximately $1,113,000 of marketable securities has been
designated  as Reserves.  The Reserves  are  established  to be used for working
capital of the Fund and contingencies  related to the ownership of Local Limited
Partnership  interests.  Management  believes that the interest income earned on
Reserves,   along  with  cash   distributions   received   from  Local   Limited
Partnerships,  to the extent  available,  will be  sufficient to fund the Fund's
ongoing  operations.  Reserves  may be used to fund  operating  deficits  if the
General Partner deems funding appropriate.

Since the Fund invests as a limited partner, the Fund has no contractual duty to
provide  additional  funds to Local  Limited  Partnerships  beyond its specified
investment.  Thus, as of December 31, 2000, the Fund had no contractual or other
obligation to any Local Limited Partnership which had not been paid.

In the  event a Local  Limited  Partnership  encounters  operating  difficulties
requiring  additional  funds,  the Fund might deem it in its best  interests  to
voluntarily provide such funds, in order to protect its investment.

Cash Distributions

No cash distributions were made during the nine months ended December 31, 2000.

Results of Operations

For the three and nine months ended  December 31,  2000,  the Fund's  operations
resulted in a net losses of $554,338 and $1,657,890,  respectively,  as compared
to net losses of  $540,396  and  $1,729,725  for the same  periods in 1999.  The
overall  decrease in net loss is primarily  due to a decrease in general and
administrative expense due to a change in the method used to allocate
operational and administratiave expenses and lower salary reimbursements paid to
an affiliate of the General Partner. The decrease is also attributable to a
decrease in equity in losses of Local Limited Partnerships due to an increase in
total income of Local Limited  Partnerships,  partially offset by an increase in
Local Limited Partnership operating expenses.


<PAGE>
                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued)

Property Discussions

Live  Oaks  Plantation  (West  Palm  Beach,  Florida)  continues  to  experience
operating  deficits due  primarily to  difficulty  in  attracting  and retaining
quality tenants.  In addition,  the property's curb appeal has diminished due to
the deferral of certain  maintenance and repair projects.  It is likely that the
Fund will  advance up to  approximately  $800,000 of reserves to the property to
fund capital  improvements and deferred maintenance expenses in the near future.
During  October 2000, the Local General  Partner  indicated a desire to transfer
his  interest in the  property  to a  replacement  Local  General  Partner.  The
Managing  General Partner believes that it would be in the best interests of the
property to replace the Local General Partner. Accordingly, the Managing General
is working with the Local General Partner to identify an acceptable replacement.

Recently, the Managing General Partner learned that the Live Oaks Plantation was
undergoing  an audit by the  Internal  Revenue  Service  ("IRS").  The  audit is
currently  in its  information  gathering  phase and we are  fulfilling  all IRS
information requests. However, we are aware that the audit will focus on the tax
treatment of certain items, such as land improvements, impact fees, utility fees
and developer  fees. We believe that the IRS wants to allocate  some, or all, of
these costs to land rather than to the buildings.  Since land cannot be included
in eligible basis and is not depreciable, tax credits and losses may be at risk.
We will keep you apprised of the status of the IRS audit.

The  Fund  has  implemented  policies  and  practices  for  assessing  potential
impairment of its investments in Local Limited Partnerships. Real estate experts
analyze the investments to determine if impairment  indicators exist. If so, the
carrying value is compared to the undiscounted  future cash flows expected to be
derived from the asset. If a significant  impairment in carrying value exists, a
provision  to write down the asset to fair value will be  recorded in the Fund's
financial statements.


<PAGE>
                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A Limited Partnership)



PART II       OTHER INFORMATION

Items 1-5     Not applicable

Item 6        Exhibits and reports on Form 8-K

                (a)  Exhibits - None

                (b)  Reports  on Form 8-K - No  reports  on Form 8-K were  filed
                     during the quarter ended December 31, 2000.


<PAGE>

                      BOSTON FINANCIAL TAX CREDIT FUND VIII
                             (A 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.

DATED:   February 14, 2001            BOSTON FINANCIAL TAX CREDIT FUND VIII,
                                      A LIMITED PARTNERSHIP
                                      By:  Arch Street VIII Limited Partnership,
                                           its General Partner




                                            /s/Jenny Netzer
                                             ----------------------------------
                                            Jenny Netzer
                                            Managing Director and President




<PAGE>