FORM 10-Q

           SECURITIES AND EXCHANGE COMMISSION
                Washington, D.C. 20549

   [ X ] Quarterly Report Under Section 13 or 15(d) of the
             Securities Exchange Act of 1934

     For the quarterly period ended: June 30, 1998

                         OR

   [   ] Transition Report Under Section 13 or 15(d) of the
         Securities Exchange Act of 1934

    For the transition period from                   to           
       

        Commission File Number:  0-13510

         ZOND-PANAERO WINDSYSTEM PARTNERS I
          A CALIFORNIA LIMITED PARTNERSHIP
   (Exact name of Registrant as specified in its charter)

          CALIFORNIA                           77-003535
(State or other jurisdiction of            (I.R.S. Employer
incorporation or organization)             Identification No.)

         13000 Jameson St., Tehachapi, California 93561
       (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
                    (ZIP CODE)

                    (805) 822-6835
   (Registrant's telephone number, including area code)

                                                                 
  (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    
<PAGE>
<PAGE>
PART I -- FINANCIAL INFORMATION


Item 1.

Balance Sheets at June 30, 1998 and December 31, 1997.

Statement of Operations for the
  Three Months Ended June 30, 1998, and
   June 30, 1997.

Statement of Operations for the
  Six Months Ended June 30, 1998, and
  June 30, 1997.

Statement of Changes in Partners' Capital
  Accounts at June 30, 1998, and December 31, 1997.

Statement of Cash Flows for the Six Months 
  Ended June 30, 1998, and June 30, 1997.

Notes to Interim Financial Statements.
<PAGE>
<PAGE>
<TABLE>
ZOND-PANAERO WINDSYSTEM PARTNERS I
(A California Limited Partnership)
BALANCE SHEET
(Amounts in thousands)
<CAPTION>
                                        December 31,    June 30,
                                          1997           1998
                                        (Audited)     (Unaudited)
<S>                                      <C>          <C>
ASSETS
Current assets:
  Cash                                   $      183   $       26
  Accounts receivable                           368        1,670
  Other current assets                           36            7
                                         -----------  -----------
   Total current assets                         587        1,703
                                         -----------  -----------
Noncurrent assets:
  Building                                       98           98
  Wind turbines                              49,561       49,561
  Less - Accumulated depreciation           (32,240)     (33,488)
                                         -----------  -----------
   Total noncurrent assets                   17,419       16,171
                                         -----------  -----------
Total assets                             $   18,006   $   17,874
                                         ===========  ===========
LIABILITIES AND PARTNERS' CAPITAL
Current liabilities:
  Current portion of
    notes payable to related party       $    2,114   $    2,251
  Accounts payable                               29           87
  Interest payable to related party           4,103        4,430
  Amounts payable to related parties            160           52 
                                         -----------  -----------
   Total current liabilities                  6,406        6,820
                                         -----------  -----------
  Notes payable to related party, less
    current portion                          11,700       10,539
                                         -----------  -----------
Partners' capital:
  Limited partners                             (683)         (74)
  General partner                                 1            4
  Substituted limited partner                     1            4
  Special limited partner                        --           --  
  Contributed capital                           581          581
                                         -----------  -----------
   Total partners' capital                     (100)         515 
                                         -----------  -----------
Total liabilities and partners' capital  $   18,006   $   17,874
                                         ===========  ===========
<FN>
See accompanying notes to interim financial statements
</TABLE>
<PAGE>
<TABLE>
ZOND-PANAERO WINDSYSTEM PARTNERS I
(A California Limited Partnership)

STATEMENT OF OPERATIONS
(Amounts in thousands except limited partnership units)
<CAPTION>
                                      For the Three Months Ended
                                                 June 30, 
                                             1997         1998
<S>                                      <C>          <C>
Revenues:
  Sales of electricity                   $    1,713   $    2,150
  Other income                                   10            5
                                         -----------  -----------
                                              1,723        2,155
                                         -----------  -----------
Costs and Expenses:
  Depreciation                                  624          624
  Interest expense                              428          376
  Property taxes                                  6            4
  Management fees and land lease 
     to related parties                          76           90
  Maintenance and other operating 
     costs to related parties                   248          218
  Other operating costs                           2            5
  Insurance expense                              33           28
                                         -----------  -----------
                                              1,417        1,345
                                         -----------  -----------
Net income                               $      306   $      810 
                                         ===========  ===========

Net income per limited
   partnership unit                      $    0.257   $    0.681 
                                         ===========  ===========
Number of limited partnership
   units outstanding                          1,190        1,190
                                         ===========  ===========

<FN>
See accompanying notes to interim financial statements
</TABLE>










<PAGE>
<TABLE>
ZOND-PANAERO WINDSYSTEM PARTNERS I
(A California Limited Partnership)

STATEMENT OF OPERATIONS
(Amounts in thousands except limited partnership units)
<CAPTION>
                                        For the Six Months Ended
                                                 June 30, 
                                             1997         1998
<S>                                      <C>          <C>
Revenues:
  Sales of electricity                   $    2,739   $    3,219
  Other income                                   15           14
                                         -----------  -----------
                                              2,754        3,233
                                         -----------  -----------
Costs and Expenses:
  Depreciation                                1,248        1,248
  Interest expense                              859          756
  Property taxes                                 12            9
  Management fees and land lease 
     to related parties                         153          134
  Maintenance and other operating 
     costs to related parties                   452          406
  Other operating costs                           7            8
  Insurance expense                              65           57
                                         -----------  -----------
                                              2,796        2,618
                                         -----------  -----------
Net (loss) income                        $      (42)  $      615 
                                         ===========  ===========

Net (loss) income per limited
   partnership unit                      $   (0.035)  $    0.517 
                                         ===========  ===========
Number of limited partnership
   units outstanding                          1,190        1,190
                                         ===========  ===========

<FN>
See accompanying notes to interim financial statements
</TABLE>











<PAGE>


<TABLE>
ZOND-PANAERO WINDSYSTEM PARTNERS I
(A California Limited Partnership)

STATEMENT OF CHANGES IN PARTNERS' CAPITAL

(Amounts in thousands)
<CAPTION>
<CAPTION>                                         
                                                          Substit.           
                                       General Limited    Limited   Contrib.
                              Total    Partner Partners   Partner   Capital
<S>                           <C>      <C>     <C>        <C>       <C>
Profit and loss allocation 
 percentage                    100%       .5%       99%      .5%
Capital contributions, net 
 of private placement costs 
 and cash distributions       $27,000  $ 273   $26,146    $    -    $ 581
Conversion to 
Substituted Limited 
Partner                            -     (83)        -       83        -

Loss for the period from 
 June 29, 1984(inception)
 through December 31, 1995    (25,496)  (181)  (25,241)     (74)       -

Balance at December 31, 1995    1,504      9       905        9       581

Net loss                         (543)    (3)     (537)      (3)       -

Balance at December 31, 1996      961      6       368        6       581

Net loss                       (1,061)    (5)    (1,051)     (5)       -

Balance at December 31, 1997     (100)     1      (683)       1       581

Net income                        615      3       609        3        -

Balance at June 30, 1998       $  515  $   4   $   (74)   $   4     $ 581   

<FN>        
                 See accompanying notes to financial statements.
</FN>
<PAGE>
<PAGE>

</TABLE>
<TABLE>
ZOND-PANAERO WINDSYSTEM PARTNERS I
(A California Limited Partnership)

STATEMENT OF CASH FLOWS
INCREASE (DECREASE) IN CASH

(Amounts in thousands)
<CAPTION>
                                       For the Six Months Ended
                                                 June 30,                       
                                             1997         1998
<S>                                          <C>          <C>
Cash flows from operating activities:
  Net (loss) income                      $      (42)  $    615 

  Adjustments to reconcile net loss to cash
   provided by (used in) operating activities -
     Depreciation                             1,248       1,248
  Changes in assets and liabilities -
     Accounts receivable                       (527)     (1,302)
     Prepaid insurance and other                 34          29 
     Accounts payable and accrued expenses      (85)         58 
     Amounts payable to related party           (81)       (108)
     Accrued interest payable 
       to related party                         253         327
                                         -----------   ---------
        Net cash provided (used)                800         867

Cash flows from financing activities:
  Principal payments on notes payable 
       to related party                        (903)     (1,024)
                                         -----------   ---------
   Net increase in cash and cash equivalents   (103)       (157)

Cash & cash equivalents beginning of period     142         183
                                         -----------   ---------
Cash and cash equivalents end of period  $       39   $      26
                                         ===========   =========
Supplemental disclosure of cash flow information:
  Cash paid during the year for interest $      606    $    429
                                         ===========   =========
<FN>

See accompanying notes to interim financial statements
</TABLE>
<PAGE>
<PAGE>
ZOND-PANAERO WINDSYSTEM PARTNERS I
(A California Limited Partnership)

NOTES TO INTERIM FINANCIAL STATEMENTS
(Unaudited)

1.   The accompanying unaudited financial statements reflect
     all adjustments which are, in the opinion of the 
     Partnership's general partner, necessary to a fair statement
     of the results for the periods presented.  The results of 
     operations for interim periods are not necessarily                      
indicative of results for the full year.

2.   The Partnership's limited partnership agreement allows the
     Partnership's general partner to determine the method for
     maintaining the Partnership's accounting records.  Until
     1987, the records were maintained on a cash basis.  However,
     Section 481 of the Tax Reform Act of 1986 (the "Act")
     prescribed a change, effective January 1, 1987, in the
     accounting method for certain tax shelters having corporate
     general partners, including the Partnership, to require
     tax-basis accrual accounting.  In accordance with Section
     481 of the Act, differences between the two bases were
     recognized for federal income tax purposes ratably by the  
     Partnership over a three-year period.  Below are
     reconciliations between the Partnership's tax-basis accrual
     financial statements and its GAAP basis accrual financial
     statements included herein for both results of operations,
     partners' capital balances and total assets.

    Taxable income year to date                 $    1,849,000

    Less: Depreciation less for tax than GAAP       (1,246,000)
       
    Other, net                                          12,000
                                                ---------------
       GAAP basis loss                          $      615,000
                                                ===============

    Tax basis partners' capital
    at June 30, 1998                            $   (9,404,000)

    Plus:
    GAAP basis loss less than taxable loss net,
        June 24, 1984 (inception)
        through December 31, 1997                   11,153,000

    GAAP basis loss versus taxable income
     January 1, 1998 through June 30, 1998          (1,234,000)
                                                ---------------
    GAAP basis partners' capital               $       515,000 
                                                ===============

<PAGE>

3. Reconciliation of GAAP Basis and Tax Basis Financial
   Statements:

    Tax basis total assets                      $     7,938,000
    
    Cumulative tax depreciation in excess of
    GAAP depreciation                                 9,936,000
                                                ---------------
    GAAP basis total assets
      at June 30, 1998                          $    17,874,000
                                                ===============

4.   During all periods presented in these financial statements,
     1,190 units of limited partnership interests were
     outstanding.

5.   As a "Special Limited Partner" of the Partnership, Dean
     Witter Reynolds, Inc. is entitled to receive 5% of all
     Partnership distributions made after the date on which the 
     cumulative aggregate distributions to the Partnership's                 
limited partners exceed $10,000,000.

6.   Following its removal as a general partner of the
     Partnership effective June 24, 1988, PanAero Management
     Corporation became a substituted limited partner of the
     Partnership with the same capital account and interest in
     profits and losses as it had as a general partner.

7.   No provision has been made for income taxes in the
     accompanying financial statements.  The Partnership, as an
     entity, is not assessed taxes based upon income generated by
     its operations. Income taxes, if any, are the
     liability of the individual partners.
<PAGE>
<PAGE>
Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.

    Zond-PanAero Windsystem Partners I, a California Limited Partnership (the
"Partnership") was formed in 1984 to purchase, own, and operate a wind-driven
electric power generating facility located near Palm Springs, California (the
"Windsystem"). The Partnership's payment for the purchase, construction, and
installation of the Windsystem was comprised of $22,430,000 in cash and
$26,500,000 in the form of eighteen-year notes payable (the "Purchase Notes"). 
The electricity generated by the Windsystem is sold to Southern California
Edison Company.  The general partner of the Partnership is Zond Windsystems
Management Corporation, a wholly-owned subsidiary of Zond Systems, Inc.
("Zond").

 On January 3, 1997 Zond's parent, Zond Corporation, became a wholly-owned
subsidiary of Enron Renewable Energy Corporation, which is majority owned by
Enron Corp. In May 1997, the name of Zond Corporation was changed to Enron
Wind Corp.  Enron Corp., headquartered in Houston, Texas, is one of the
world's leading integrated energy company. Enron Corp., which owns
approximately $23 billion in energy related assets, delivers physical
commodities and risk management and financial services to provide energy
solutions to customers around the world. 

Liquidity and Capital Resources

    The Partnership continues to experience a lack of liquidity primarily due
to a continued short-fall in revenues from operations in comparison to the
costs and expenses of operations.  Accordingly, interest payments on the
Purchase Notes were in arrears at June 30, 1998 in the aggregate amount of
$4,380,000.  The Partnership expects that it will continue to experience poor
liquidity and to defer certain payments on the Purchase Notes.  See "Results
of Operations."

Results of Operations

Three Months Ended June 30, 1998, Compared to Three
Months Ended June 30, 1997.   

    Revenues from power sales in the three months ended June 30, 1998 were
25.5% higher than for the corresponding 1997 period.  As reported by Southern
California Edison Company, the Windsystem produced 21,078 megawatt hours in
the three months ended June  30, 1998, in comparison to production of 16,928
megawatt hours   in the corresponding 1997 period, representing an increase in
production of approximately 24.5%.


<PAGE>
    The Partnership received approximately $5,000 in "other income" from
interest earned on cash balances in the three months ended June 30, 1998, and
approximately $10,000 in the corresponding 1997 period. 

    Total expenses for the three months ended June 30, 1998 were approximately
5.1% lower than the corresponding 1997 period.  Interest expense decreased due
to lower average principal balances on the Purchase Notes outstanding. 
Management fees and land lease expenses increased 18%, directly related to the
increase in electricity sales.  Maintenance and other operating costs
decreased 10.8%, substantially due to decreased generator parts replacement
and crane rental expense.  Insurance expense decreased 15%, which is
attributable to historical low loss experience, asset devaluation, and the
packaging of all turbine projects Zond operates under one policy with Enron
Corp.

    Overall, the Partnership reported income of $810,000 for the three months
ended June 30, 1998, in comparison to income of $306,000 for the corresponding
1997 period.

    The Partnership's financial condition improved during the three months
ended June 30, 1998.  The change in overall financial condition is primarily
due to the income earned during the quarter.  During the three months ended
June 30, 1998, total partners' capital increased $810,000 from ($295,000) at
March  31, 1998, to $515,000.  Limited Partners' capital increased $802,000
from ($876,000) at March 31, 1998, to ($74,000).  This represents a total
increase of approximately $681 per unit of partnership.  Although the
Partnership's financial condition improved during this interim period, based
on historical average wind energy and current cost levels, the Partnership
expects to continue to suffer net annual operating losses and expects that its
overall financial condition will worsen annually for the foreseeable future.

Six Months Ended June 30, 1998, Compared to Six
Months Ended June 30, 1997.   

    Revenues from power sales in the six months ended June 30, 1998 were 17.1%
higher than for the corresponding 1997 period.  As reported by Southern
California Edison Company, the Windsystem produced 31,460 megawatt hours in
the six months ended June 30, 1998, in comparison to production of 26,856
megawatt hours in the corresponding 1997 period, representing an increase in
production of approximately 17.1%.

    The Partnership received approximately $14,000 in "other income" from
interest earned on cash balances in the six months ended June 30, 1998, and
approximately $15,000 in the corresponding 1997 period. 


<PAGE>
    Total expenses for the six months ended June 30, 1998 were approximately
6.4% lower than the corresponding 1997 period.  Interest expense decreased due
to lower average principal balances on the Purchase Notes outstanding. 
Management fees and land lease expenses decreased 12%.  Management fees are 2%
of sales receipts and land lease is 5% of sales receipts.  Sales receipts lag
behind the accrued sales revenue by about two months.  Receipts of electricity
sales in the six months ended June 30, 1998 were down 13.7% as a result of
lower wind energy levels from November 1997 through April 1998 compared to
November 1996 through April 1997.  Maintenance and other operating costs
decreased 9.8%, substantially due to decreased generator parts replacement and
crane rental expense.  Insurance expense decreased 12.3%, which is
attributable to historical low loss experience, asset devaluation, and the
packaging of all turbine projects Zond operates under one policy with Enron
Corp.

    Overall, the Partnership reported income of $615,000 for the six months
ended June 30, 1998, in comparison to a loss of $42,000 for the corresponding
1997 period.

    The Partnership's financial condition improved during the six months ended
June 30, 1998.  The change in overall financial condition is primarily due to
the income earned during the six month period.  During the six months ended
June 30, 1998, total partners' capital increased $615,000 from ($100,000) at
December 31, 1997, to $515,000.  Limited Partners' capital increased $609,000
from ($683,000) at December 31, 1997, to ($74,000).  This represents a total
increase of approximately $517 per unit of partnership.  Although the
Partnership's financial condition improved during this interim period, based
on historical average wind energy and current cost levels, the Partnership
expects to continue to suffer net annual operating losses and expects that its
overall financial condition will worsen annually for the foreseeable future.

PART II -- OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K
a. Exhibits:  Exhibit 27. Financial Data Schedule.
b. Reports on Form 8-K:  No reports on Form 8-K
   have been filed by the Registrant.
<PAGE>
<PAGE>
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.


         ZOND-PANAERO WINDSYSTEM PARTNERS I
           A CALIFORNIA LIMITED PARTNERSHIP

                        By: Zond Windsystems Management
                           Corporation, General Partner


Date: August 13, 1998      By:/S/ KENNETH C. KARAS                
        
                           Kenneth C. Karas
                           President and
                           Chief Financial Officer

Date: August 13, 1998      By:/S/ D. MICHAEL WESTBELD             
     
                           D. Michael Westbeld
                           Vice President-Controller