FORM 10-Q

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

FOR QUARTER ENDED MARCH 31, 2006 COMMISSION FILE NUMBER 0-12895

ALL-STATE PROPERTIES L.P.
(Exact name of registrant as specified in its charter)


       Delaware  	    59-2399204
(State or other jurisdiction or	(I.R.S. Employer
 incorporation or organization) 	Identification No.)

5500 NW 69th Avenue, Lauderhill, FL	      33319
(Address of principal executive offices)        (Zip Code)

Mailing address:
	P.O. Box 5524,Fort Lauderdale, FL 33310-5524

Registrant's telephone number, including area code (954) 572-2113

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

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, or a non-accelerated
filer. (See definition ?accelerated filer? and ?large accelerated
filer? in Rule 12b-2 of the Act.)

                            Large accelerated filer
                            Accelerated filer
                         X  Non-accelerated filer

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). YES     NO   X

Indicate the number of limited partnership units outstanding as
of the latest practicable date.


         Class                 Outstanding at March 31, 2006

 Limited Partnership Units              3,118,303 Units






	Page 1
ALL-STATE PROPERTIES L.P.
FORM 10-Q QUARTERLY REPORT
NINE MONTHS ENDED MARCH 31, 2006


I N D E X

PART 1 ? FINANCIAL INFORMATION

		PAGE

ITEM 1 	Financial Statements	2 - 8

ITEM 2	Management?s Discussion and Analysis
	 of Financial Condition and Results of
	 Operations.	9

ITEM 3	Quantitative and Qualitative Disclosures
	 About Market Risk.	9

ITEM 4	Controls and Procedures.	9

	Supplemental Information and Exhibits	10 - 12

PART II ? OTHER INFORMATION

ITEM 1	Legal Proceedings	13

ITEM 2 	Unregistered Sales of Equity Securities
	 and Use of Proceeds	13

ITEM 3	Defaults Upon Senior Securities	13

ITEM 4	Submission of Matters to Vote of
	 Security Holders	13

ITEM 5	Other Information	13

ITEM 6 	Exhibits and Reports on Form 8-K	13

	Signatures	14

	Certifications	15 - 16






ITEM 1 	FINANCIAL STATEMENTS












ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)

* * * * * * * * * * * * * *

FINANCIAL STATEMENTS AND SCHEDULES
NINE MONTHS ENDED MARCH 31, 2006










		Page 2
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
NINE MONTHS ENDED MARCH 31, 2006


I N D E X
		PAGE

	Report of Independent Registered
	  Public Accounting Firm	3

	FINANCIAL STATEMENTS:

	Condensed Balance Sheets	4

	Condensed Statements of Operations	5

	Condensed Statements of Cash Flows	6

	Notes to Condensed Financial Statements	7 - 8

	SUPPLEMENTAL INFORMATION:

	Condensed Financial Information for
	 Real Estate Partnership:

	   Condensed Balance Sheet	10

	   Condensed Profit and Loss Information	11

	Exhibit - Computation of Income (Loss)
	 Per Partnership Unit		12











Page 3 (1 of 2)



FREEMAN BUCZYNER & GERO
1 SE THIRD AVENUE
SUITE 2150
MIAMI, FLORIDA 33131
305-375-0766



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Partners
All-State Properties, L.P.
Lauderhill, Florida

We have reviewed the accompanying condensed balance sheet of All-
State Properties L.P. as of March 31, 2006 and the related
condensed statements of operations for the three-month and nine-
month periods ended March 31, 2006 and 2005 and cash flows for
the nine?month periods ended March 31, 2006 and 2005. These
financial statements are the responsibility of the partnership?s
management.

We conducted our review in accordance with standards of the
Public Company Accounting Oversight Board (United States). A
review of interim financial information consists principally of
applying analytical procedures and making inquiries of persons
responsible for financial and accounting matters. It is
substantially less in scope than an audit in accordance with the
standards of the Public Company Accounting Oversight Board, the
objective of which is the expression of an opinion regarding the
financial statements taken as a whole. Accordingly, we do not
express such an opinion.

Based on our review, we are not aware of any material
modifications that should be made to the condensed financial
statements referred to above for them to be in conformity with
United States generally accepted accounting principles.

We have previously audited, in accordance with the standards of
the Public Company Accounting Oversight Board, the balance sheet
as of June 30, 2005, and the related statements of operations,
partners? capital and cash flows for the year then ended (not
presented herein); and in our report dated September 1, 2005, we
expressed an unqualified opinion on those financial statements.












Page 3 (2 of 2)



FREEMAN BUCZYNER & GERO
1 SE THIRD AVENUE
SUITE 2150
MIAMI, FLORIDA 33131
305-375-0766


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
(CONTINUED)



In our opinion, the information set forth in the accompanying
condensed balance sheet as of June 30, 2005, is fairly stated, in
all material respects, in relation to the balance sheet from
which it has been derived.

Our review was made for the purpose of expressing limited
assurance that there are no material modifications that should be
made to the financial statements in order for them to be in
conformity with generally accepted accounting principles. The
information included in the condensed financial information for
Tunicom LLC, appearing on pages 10 and 11, and the exhibit
indicating the computation of earnings per unit, appearing on
page 12, is presented only for supplementary analysis purposes.
Such information has been subjected to the inquiry and analytical
procedures applied in the review of the basic financial
statements, and we are not aware of any material modifications
that should be made thereto.


Freeman, Buczyner & Gero
May 1, 2006
























Page 4
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
CONDENSED BALANCE SHEETS
MARCH 31, 2006 AND JUNE 30, 2005



	  MARCH		  JUNE
	   31ST		  30TH
	 2 0 0 6      2 0 0 5
	(UNAUDITED)
Assets

Cash	$	1,645	$	8,759

Investment in real estate
  partnership ? related party		243,895		261,272

Total Assets	$	245,540	$	270,031

Liabilities and Partners' Capital

Liabilities:
   Accounts payable and other
    liabilities	$	22,881	$	11,375
   Deferred revenue ? related party		68,207		68,207
   Notes payable ? related party		180,234		152,696

	$	271,322	$	232,278

Partners' Capital 	$	168,998	$	232,533

Notes receivable - officers/partners		(194,780)		(194,780)

		$	(25,782)	$	37,753

Total Liabilities and Partners'
 Capital 	$	245,540	$	270,031

















See accompanying notes and accountant?s review report.




Page 5
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
CONDENSED STATEMENTS OF OPERATIONS
THREE MONTHS AND NINE MONTHS ENDED MARCH 31, 2006 AND 2005
(UNAUDITED)




<TABLE>
<CAPTION>

	THREE MONTHS ENDED	NINE MONTHS ENDED
	MARCH 31,	MARCH 31,
	2 0 0 6	2 0 0 5	2 0 0 6	2 0 0 5
	<C>		<C>		<C>		<C>
<S>
REVENUES:

	Profit (loss) from
	 real estate part-
	 nership - related
	 party	$	(6,250)	$	(4,186)	$	(17,377)	$	(12,550)

COST AND EXPENSES:

	Selling, general
	 and administrative	$	15,314	$	16,247	$	39,220	$	40,129
	Interest		2,504		2,055		6,938		5,376
	$	17,818	$	18,302	$	46,158	$	45,505

NET INCOME (LOSS)	$	(24,068)	$	(22,488)	$	(63,535)	$	(58,055)

NET (LOSS) INCOME PER
 PARTNERSHIP UNIT	(0.01)	(0.01)	(0.02)	(0.02)
CASH DISTRIBUTIONS PER
 UNIT	NONE	NONE	NONE	NONE

</TABLE>
















See accompanying notes and accountant?s review report.




Page 6 (1 of 2)
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
CONDENSED STATEMENTS OF CASH FLOWS
NINE MONTHS ENDED MARCH 31, 2006 AND 2005
(UNAUDITED)



		  2 0 0 6		   2 0 0 5
CASH FLOW FROM OPERATING ACTIVITIES:
	Cash paid for selling, general and
	 administrative expenses	$	(27,714)	$	(32,003)
	Interest expenses - paid		(5,400)		-
	Partnership distributions payable		-		(9,350)

	   Net Cash Consumed by
	    Operating Activities	$	(33,114)	$	(41,353)

CASH FLOW FROM FINANCING ACTIVITIES:
	Notes payable - related party	$	26,000	$	33,000

NET (DECREASE) INCREASE IN CASH AND
 CASH EQUIVALENTS	$	(7,114)	$	(8,353)

CASH AND CASH EQUIVALENTS AT
 BEGINNING OF YEAR		8,759		23,086

CASH AND CASH EQUIVALENTS AT END
 END OF PERIOD	$	1,645	$	14,733

RECONCILIATION OF NET (LOSS) INCOME
 TO NET CASH CONSUMED BY
 OPERATING ACTIVITIES:

	Net Loss	$	(63,535)	$	(58,055)




















See accompanying notes and accountant?s review report.




Page 6 (2 of 2)
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
CONDENSED STATEMENTS OF CASH FLOWS
NINE MONTHS ENDED MARCH 31, 2006 AND 2005
(UNAUDITED)



ADJUSTMENTS TO RECONCILE NET (LOSS)
 INCOME TO NET CASH CONSUMED
 BY OPERATING ACTIVITIES:

		  2 0 0 6		   2 0 0 5
	(Income) Loss of real estate part-
	 nerships	$	17,377	$	12,550

	Changes in Assets and Liabilities:

	  Decrease (increase) in accrued
	   interest receivable		1,538		5,376
	  Increase in accounts payable		11,506		8,126
	  Decrease in partnership
	   distributions payable		-		(9,350)

	      Total adjustments	$	30,421	$	16,702

NET CASH CONSUMED BY
 OPERATING ACTIVITIES	$	(33,114)	$	(41,353)



























See accompanying notes and accountant?s review report.




Page 7
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
NOTES TO CONDENSED FINANCIAL STATEMENTS
NINE MONTHS ENDED MARCH 31, 2006 AND 2005
(UNAUDITED)




1.	ORGANIZATION AND OPERATIONS

All-State Properties L.P. was organized under the Revised
Uniform Limited Partnership Act of Delaware on April 27, 1984
to conduct the business formerly carried on by a predecessor
corporation, All-State Properties, Inc. (the Corporation).
Pursuant to a Plan of Liquidation adopted by shareholders of
the Corporation on September 30, 1984, the Corporation
transferred substantially all of its assets to All-State
Properties L.P., and the Corporation distributed such limited
partnership interests to its shareholders.

	The Company?s principal business has been land development
and the construction and sale of residential housing in
Broward County, Florida. However, it has completed its land
development activities and the sale of residential housing.

2.	BASIS OF PRESENTATION

In the opinion of management, the accompanying unaudited
interim financial information reflects all adjustments,
consisting of normal recurring accruals, necessary for a fair
presentation on a going concern basis. Certain information
and footnote disclosure normally included in financial
statements prepared in accordance with generally accepted
accounting principles in the United States have been
condensed or omitted pursuant to instructions, rules and
regulations prescribed by the Securities and Exchange
Commission. The Company believes that the disclosures
provided herein are adequate to make the information
presented not misleading when these unaudited interim
condensed financial statements are read in conjunction with
the audited financial statements contained in the Company?s
Annual Report on Form 10-K for the fiscal year ended June 30,
2005.

Operating results for the quarter and the nine months ended
March 31, 2006 are not necessarily indicative of the results
expected for the full year.

The preparation of condensed financial statements in
conformity with generally accepted accounting principles in
the United States requires management to make estimates and
assumptions, including estimates of future contract costs and







Page 8 (1 of 2)
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
NOTES TO CONDENSED FINANCIAL STATEMENTS
NINE MONTHS ENDED MARCH 31, 2006 AND 2005
(UNAUDITED)



2.		BASIS OF PRESENTATION (CONTINUED)

earnings. Such estimates and assumptions affect the reported
amounts of assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
earnings during the current reporting period. Management
periodically assesses and evaluates the adequacy and/or
deficiency of estimated liabilities recorded for various
reserves, liabilities, contract risks and uncertainties.
Actual results could differ from these estimates.

3.	TUNICOM LLC ? OPERATIONS
	Tunicom L.L.C. has approximately five acres for sale as a
site for an assisted living facility. This represents
Tunicom?s sole remaining asset. Tunicom signed an agreement
of sale on October 2, 2004 to sell the property for a price
of $1,800,000 and received deposits of $50,000 from the
prospective purchaser. Closing the transaction at that price,
however, was contingent upon seller obtaining at its cost all
governmental approvals required before a building permit can
be issued and the availability of financing acceptable to
buyer. Partners of Tunicom (with All-State Properties L.P.
and its general partner abstaining) representing a majority
interest in Tunicom voted to approve the transaction and the
payment at closing of a fee in the amount of $250,000, to
All-State Properties L.P.?s general partner for accomplishing
the obtaining of all of the necessary approvals, governmental
and otherwise, required under the agreement of purchase and
sale and for assisting the buyer in securing the required
financing. The general partner of All-State Properties L.P.
is the president of the manager of Tunicom. The closing on
the sale of the property is expected to occur by August 2006.
4.	NOTES RECEIVABLE ? PARTNERS

The notes receivable ? partners bear interest at 4% per
annum, are non-recourse and are payable solely from the
Company?s distributions. The Company has a lien on and a
security interest in the units. All cash distributions are












Page 8 (2 of 2)
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
NOTES TO CONDENSED FINANCIAL STATEMENTS
NINE MONTHS ENDED MARCH 31, 2006 AND 2005
(UNAUDITED)




4.	NOTES RECEIVABLE ? PARTNERS (CONTINUED)
	to be applied first to accrued interest, and then as a
reduction of principal until paid in full. The notes and
interest receivable have no maturity dates and because they
are payable solely from the distributions, are reflected as
a reduction of the equity of the Company.
	Based on the potential sale of Tunicom?s land, the Company
estimates that after projected expenses approximately
$11,700 will be distributed to these unit owners. The
balance of the notes will be written off after the actual
distribution is applied. Accrued interest through June 30,
2003 amounted to $54,923 at which time accrual of interest
stop based on the estimated amount to be realized.



































Page 9 (1 of 2)




ITEM 2	MANAGEMENT?S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

	The following discussion and analysis of our
financial condition, results of operations, liquidity and capital
resources should be read in conjunction with our financial
statements and notes thereto.

NINE MONTHS ENDED MARCH 31, 2006 COMPARED TO NINE MONTHS ENDED
MARCH 31, 2005

The net loss for the nine month period March 31, 2006 as compared
to the nine month period ended March 31, 2005 represents the
results of operations due to the administration of the Company
and operations from its investment in the real estate
partnership, Tunicom LLC.

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

During the nine month periods ended March 31, 2006 and March 31,
2005, cash used by operations was $33,114 and $41,353,
respectively, primarily for the payment of general and
administrative expenses. During the nine month period ended March
31, 2006, the Company paid accrued interest of $5,400 to a
related party who has advanced funds since the Company has no
operating revenues. The Company will continue to obtain funds
from the related party to pay for future operating expenses. An
additional $26,000 was advanced from the related party during the
nine month period ended March 31, 2006. Through its investment in
the real estate partnership, Tunicom LLC, the company expects to
receive cash of approximately $500,000 in connection with Tunicom
LLC?s sale of land which is anticipated to occur by August 2006.
The related party advances will be repaid from the proceeds of
the sale.

ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK

		None.

















Page 9 (2 of 2)




ITEM 4	CONTROLS AND PROCEDURES

	An evaluation was performed under the supervision
and with the participation of our management, including the
general partner, of the effectiveness of our disclosure controls
and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under
the Securities and Exchange act of 1934, as amended) as of the
end of period covered by this report. Based on that evaluation,
the general partner concluded that these disclosure controls and
procedures were effective. There as has been no change in our
internal control over financial reporting during our most recent
fiscal quarter that has materially affected, or is reasonably
likely to materially affect, our internal control over financial
reporting.










































Page 10

CONDENSED FINANCIAL INFORMATION FOR REAL ESTATE PARTNERSHIP
TUNICOM LLC
CONDENSED BALANCE SHEET
AS OF MARCH 31, 2006 AND JUNE 30, 2005


<TABLE>
<CAPTION>
		  MARCH		    JUNE
		 31, 2006		  30, 2005
		(UNAUDITED)
<S>		<C>		<C>
ASSETS:
Land and development costs	$	823,830	$	813,809
Cash		13,899		2,715
Funds in escrow		50,000		50,000
Notes receivable and accrued interest
 -related parties		194,091		164,610
Prepaid expenses		30,025		30,025

	Total	$	1,111,845	$	1,061,159

LIABILITIES AND PARTNERS' CAPITAL:
Accounts payable and other
 liabilities	$	59,535	$	39,832
Bank lines of credit		326,249		247,148
Deposit of sale of land		50,000		50,000
Partners' capital		676,061		724,179

	Total	$	1,111,845	$	1,061,159

</TABLE>






















See accompanying notes and accountant?s review report.




Page 11

CONDENSED FINANCIAL INFORMATION FOR REAL ESTATE PARTNERSHIP
TUNICOM LLC
CONDENSED PROFIT AND LOSS INFORMATION
THREE MONTHS AND NINE MONTHS ENDED
MARCH 31, 2006 AND 2005
(UNAUDITED)

<TABLE>
<CAPTION>

	   THREE MONTHS ENDED	    NINE MONTHS ENDED
	    MARCH 31,	   MARCH 31,
	2 0 0 6	2 0 0 5	2 0 0 6	2 0 0 5
<S>	<C>		<C>		<C>		<C>
REVENUES:
Interest and other	$	2,692	$	2,219	$	7,461	$		5,872

Total income	$	2,692	$	2,219	$	7,461	$	5,872

EXPENSES:
General and
 administrative	$	5,411	$	5,620	$	15,960	$	16,515
Taxes and insurance		6,213		3,934		19,288		14,421
Interest		8,381		4,251		20,331		9,678

Total expenses	$	20,005	$	13,805	$	55,579	$	40,614

NET PROFIT (LOSS)	$	(17,313)	$	(11,586)	$	(48,118)	$	(34,742)

</TABLE>
























See accompanying notes and accountant?s review report.




Page 12
ALL-STATE PROPERTIES L.P.
(A LIMITED PARTNERSHIP)
EXHIBIT - COMPUTATION OF INCOME (LOSS) PER PARTNERSHIP UNIT
NINE MONTHS ENDED MARCH 31, 2006 AND 2005






		   2 0 0 6      2 0 0 5

Partnership units outstanding    		3,118,303		3,118,303

Net (Loss) Income	$	(63,535)	$	(58,055)

Net (Loss) Income Per Partnership
 Unit	$      (0.02) $     (0.02)





































See accompanying notes and accountant?s review report.




Page 13
ALL-STATE PROPERTIES L.P.

PART II - OTHER INFORMATION


ITEM 1 ? Legal Proceedings

	None.

ITEM 2 ? Unregistered Sales of Equity

	There were no unregistered sales of equity securities
during the quarter covered by this report.

ITEM 3 - Defaults Upon Senior Securities

	There were no defaults by Registrant on its senior
securities during the quarter covered by this report.

ITEM 4 - Submission of Matters to Vote of Security Holders

	No matters were submitted during the quarter covered by
this report to a vote of limited partners.

ITEM 5 ? Other Information

	None.

ITEM 6 - Exhibits and Reports on Form 8-K

	(a)	Exhibit - Computation of earnings per partnership
unit.

(b)	Exhibit - Form 8-K filed October 8, 1999,
incorporated by reference.

	(c)	Exhibit ? Form 8-K filed August 16, 2000.























Page 14




SIGNATURES



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


		ALL-STATE PROPERTIES L.P.



                                By:  __________________________
                                           STANLEY ROSENTHAL
                                            General Partner


Dated: May 1, 2006















Page 15 (1 of 2)
ALL-STATE PROPERTIES L.P.


CERTIFICATIONS


I, Stanley Rosenthal, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of All-
State Properties L.P.;

2.	Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light
of the circumstances under which such statements were made,
not misleading with respect to the period covered by this
report;

3. 	Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present
in all material respects the financial condition, results of
operations and cash flows of the registrant as of , and for,
the periods presented in this report;

4. 	The registrant?s other certifying officers and I are
responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e) for the registrant and we have:

a)	designed such disclosure controls and procedures or caused
such disclosure controls and procedures to be designed
under our supervision, to ensure that material information
relating to the registrant, including is made known to us
by others within those entities, particularly during the
period in which this report is being prepared;

b)	evaluated the effectiveness of the registrant?s disclosure
controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period
covered by this report based on such evaluation; and

c)	disclosed in this report any change in the registrant?s
internal control over financial reporting that occurred
during the registrant?s most recent fiscal quarter (the
registrant?s second fiscal quarter in the case of an
annual report) that has materially affected, or is
reasonable likely to materially affect, the registrant?s
internal control over financial reporting; and











Page 15 (2 of 2)
ALL-STATE PROPERTIES L.P.


CERTIFICATIONS
(CONTINUED)


5. 	The registrant?s other certifying officer(s) and I have
disclosed, based on our most recent evaluation of internal
control over financial reporting, to the registrant?s
auditors and the audit committee of registrant?s board of
directors (or persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses in
the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect
the registrant?s ability to record, process, summarize and
report financial information; and

b)	any fraud, whether or not material, that involves
management or other employees who have a significant role
in the registrant?s internal control over financial
reporting.



Date:  May 1, 2006



_____________________
Stanley Rosenthal

General Partner


























Page 16
CERTIFICATION PURSUANT TO
18 U.S.C SECTON 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


	In connection with the Quarterly Report of All-State
Properties L.P. (the ?Company?) on Form 10-Q for the nine months
ended March 31, 2006, as filed with the Securities and Exchange
Commission on the date hereof (the ?Report?), I, Stanley
Rosenthal, General Partner of the Company, certify, pursuant to
18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

	The Report fully complies with the requirements of
section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

	The information contained in the Report fairly
presents, in all material respects, the financial condition and
results of operations of the Company.


Date:  May 1, 2006



_____________________
Stanley Rosenthal

General Partner