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: March 31, 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>
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PART I -- FINANCIAL INFORMATION


Item 1.

Balance Sheets at March 31, 1998 and December 31, 1997.

Statement of Operations for the
  Three Months Ended March 31, 1998, and
   March 31, 1997.

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

Statement of Cash Flows for the Three Months 
  Ended March 31, 1998, and March 31, 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,   March 31,
                                          1997           1998
                                        (Audited)     (Unaudited)
<S>                                      <C>          <C>
ASSETS
Current assets:
  Cash                                   $      183   $      431
  Accounts receivable                           368          804
  Other current assets                           36           42
                                         -----------  -----------
   Total current assets                         587        1,277
                                         -----------  -----------
Noncurrent assets:
  Building                                       98           98
  Wind turbines                              49,561       49,561
  Less - Accumulated depreciation           (32,240)     (32,864)
                                         -----------  -----------
   Total noncurrent assets                   17,419       16,795
                                         -----------  -----------
Total assets                             $   18,006   $   18,072
                                         ===========  ===========
LIABILITIES AND PARTNERS' CAPITAL
Current liabilities:
  Current portion of
    notes payable to related party       $    2,114   $    2,114
  Accounts payable                               29           37
  Interest payable to related party           4,103        4,482
  Amounts payable to related parties            160           34 
                                         -----------  -----------
   Total current liabilities                  6,406        6,667
                                         -----------  -----------
  Notes payable to related party, less
    current portion                          11,700       11,700
                                         -----------  -----------
Partners' capital:
  Limited partners                             (683)        (876)
  General partner                                 1           --
  Substituted limited partner                     1           --
  Special limited partner                        --           --  
  Contributed capital                           581          581
                                         -----------  -----------
   Total partners' capital                     (100)        (295)
                                         -----------  -----------
Total liabilities and partners' capital  $   18,006   $   18,072
                                         ===========  ===========
<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
                                                 March 31, 
                                             1997         1998
<S>                                      <C>          <C>
Revenues:
  Sales of electricity                   $    1,026   $    1,069
  Other income                                    5            9
                                         -----------  -----------
                                              1,031        1,078
                                         -----------  -----------
Costs and Expenses:
  Depreciation                                  624          624
  Interest expense                              431          380
  Property taxes                                  6            5
  Management fees and land lease 
     to related parties                          77           44
  Maintenance and other operating 
     costs to related parties                   204          188
  Other operating costs                           5            3
  Insurance expense                              32           29
                                         -----------  -----------
                                              1,379        1,273
                                         -----------  -----------
Net loss                                 $     (348)  $     (195)
                                         ===========  ===========

Net loss per limited
   partnership unit                      $   (0.292)  $   (0.164)
                                         ===========  ===========
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 loss                         (195)    (1)     (193)      (1)       -

Balance at March 31, 1998      $ (295)  $  -    $ (876)   $   -     $ 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 Three Months Ended
                                                 March 31,         
                                             1997         1998
<S>                                          <C>          <C>
Cash flows from operating activities:
  Net loss                               $     (348)  $   (195)

  Adjustments to reconcile net loss to cash
   provided by (used in) operating activities -
     Depreciation                               624         624
  Changes in assets and liabilities -
     Accounts receivable                         74        (436)
     Prepaid insurance and other                (61)         (6)
     Accounts payable and accrued expenses      (85)          8 
     Amounts payable to related party            18        (126)
     Accrued interest payable 
       to related party                         431         379
                                         -----------   ---------
        Net cash provided (used)                653         248

Cash flows from financing activities:
  Principal payments on notes payable 
       to related party                          --          --
                                         -----------   ---------
   Net increase in cash and cash equivalents    653         248

Cash & cash equivalents beginning of period     142         183
                                         -----------   ---------
Cash and cash equivalents end of period  $      795   $     431
                                         ===========   =========
Supplemental disclosure of cash flow information:
  Cash paid during the year for interest $       --    $     --
                                         ===========   =========
<FN>

See accompanying notes to interim financial statements
</TABLE>
<PAGE>
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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                 $      418,000

    Less: Depreciation less for tax than GAAP         (623,000)
       
    Other, net                                          10,000
                                                ---------------
       GAAP basis loss                          $     (195,000)
                                                ===============

    Tax basis partners' capital
    at March 31, 1998                           $  (10,835,000)

    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 March 31, 1998           (613,000)
                                                ---------------
    GAAP basis partners' capital               $      (295,000)
                                                ===============

<PAGE>

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

    Tax basis total assets                      $     7,512,000
    
    Cumulative tax depreciation in excess of
    GAAP depreciation                                10,560,000
                                                ---------------
    GAAP basis total assets
      at March 31, 1998                         $    18,072,000
                                                ===============

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 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 March 31, 1998 in the aggregate amount of $4,049,000. 
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 March 31, 1998, Compared to Three
Months Ended March 31, 1997.   

    Revenues from power sales in the three months ended March 31
1998 were 4.2% higher than for the corresponding 1997 period.  As
reported by Southern California Edison Company, the Windsystem
produced 10,382 megawatt hours in the three months ended March
31, 1998, in comparison to production of 9,928 megawatt hours in
the corresponding 1997 period, representing an increase in
production of approximately 4.6%.

    The Partnership received approximately $9,000 in "other
income" from interest earned on cash balances in the three months
ended March 31, 1998, and approximately $5,000 in the
corresponding 1997 period. 

    Total expenses for the three months ended March 31, 1998 were
approximately 7.7% 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 43%.  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 first quarter 1998
were down 43% from the first quarter 1997 as the result of lower
wind energy levels in November and December 1997 and January 1998
compared to November and December 1996 and January 1997. 
Maintenance and other operating costs decreased 8%, substantially
due to decreased generator parts replacement and crane rental
expense.  Insurance expense decreased 9%, 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 a loss of $195,000 for the
three months ended March 31, 1998, in comparison to a loss of
$348,000 for the corresponding 1997 period.

    The Partnership's financial condition worsened during the
three months ended March 31, 1998.  The change in overall
financial condition is primarily due to the three month loss. 
During the three months ended March 31, 1998, total partners'
capital decreased $195,000 from ($100,000) at December 31, 1997,
to ($295,000).  Limited Partners' capital decreased $193,000 from
($683,000) at December 31, 1997, to ($876,000).  This represents
a total decrease of approximately $164 per unit of partnership. 
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.
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<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: May 14, 1998           By:/S/ KENNETH C. KARAS              
 
        
                           Kenneth C. Karas
                           President and
                           Chief Financial Officer

Date: May 14, 1998           By:/S/ D. MICHAEL WESTBELD           
 
     
                           D. Michael Westbeld
                           Vice President-Controller