<PAGE>
                             UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                              FORM 10-K

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

                  For the Year Ended December 31, 1998

                                 OR

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

              For the transition period from N/A to N/A
                                             ---    ---

                    Commission File No. 814-124

          TECHNOLOGY FUNDING VENTURE CAPITAL FUND VI, LLC.
          ------------------------------------------------
       (Exact name of Registrant as specified in its charter)

          Delaware                            94-3266666
-------------------------------   ---------------------------------
(State or other jurisdiction of  (I.R.S. Employer Identification No.)
incorporation or organization) 

2000 Alameda de las Pulgas, Suite 250
San Mateo, California                                       94403
---------------------------------------                   --------
(Address of principal executive offices)                 (Zip Code)


                            (650) 345-2200
           --------------------------------------------------
          (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  Limited 
Liability Company Investor shares.

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 if disclosure of delinquent filers pursuant to 
Item 405 of Regulation S-K is not contained herein, and will not be 
contained, to the best of registrants knowledge, in definitive proxy 
or information statements incorporated by reference in Part III of 
this Form 10-K or any amendment to this Form 10-K.         [   ]
No active market for the shares of the limited liability company 
investor shares ("Shares") exists, and therefore the market value of 
such Shares cannot be determined.
Documents incorporated by reference:  Portions of the Prospectus of 
Technology Funding Venture Capital Fund VI, LLC, as revised June 4, 
1998 (accession number 0000950133-98-002220), forming a part of the 
December 5, 1997 Pre-effective Amendment No. 1 to the Form N-2 
Registration Statement No. 333-23913 dated July 11, 1997, filed 
pursuant to Rule 424(c) of the General Rules and Regulations under 
the Securities Act of 1933 are incorporated by reference in Parts I 
and III hereof.



<PAGE>

                                   PART I

Item 1.  BUSINESS
------   --------

Technology Funding Venture Capital Fund VI, LLC (the 
"Fund") is a limited liability company organized under the 
laws of the State of Delaware in February 1997, and was 
inactive until it commenced the sale of Shares in January 
1998.  The purpose of the Fund is to make venture capital 
investments in emerging growth companies and preserve 
investor capital through risk management and active 
involvement with such companies as described in the 
"Summary of the Offering" and "Business of the Fund" 
sections of the Prospectus dated June 4, 1998.  The Fund 
has elected to be a business development company under the 
Investment Company Act of 1940, as amended (the "Act"), and 
operates as a non-diversified investment company as that 
term is defined in the Act.  Additional characteristics of 
the Fund's business are discussed in the "Risk Factors" and 
"Conflicts of Interest" sections of the Prospectus, which 
sections are also incorporated herein by reference.  The 
Fund will continue until December 31, 2007, subject to the 
right of the Directors to extend the term for up to two 
additional two-year periods.

Item 2.  PROPERTIES
------   ----------

The Registrant has no material physical properties.

Item 3.  LEGAL PROCEEDINGS
------   -----------------

There are no material pending legal proceedings to which 
the Registrant is party or of which any of its property is 
the subject, other than routine litigation incidental to 
the business of the Fund.

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
------   ---------------------------------------------------

No matter was submitted to a vote of the holders of shares
of the Fund during 1998.

PART II

Item 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED 
------   -------------------------------------------------
         STOCKHOLDER MATTERS
         -------------------

(a)  There is no established public trading market for the
    Shares.


(b)  At December 31, 1998, there were 98 shareholders of
    record.

(c)  The Registrant, does not pay dividends. 
    Distributions of cash and securities, however, may be 
    made to the investors in the Fund pursuant to the 
    Registrant's Operating Agreement.


Item 6.  SELECTED FINANCIAL DATA
------   -----------------------

<TABLE>
<CAPTION>
                                            For the Period from
                                               January 22 to 
                                             December 31, 1998
                                            -------------------

<S>                                            <C>

Interest income                                  $  5,109
Net operating loss                                (96,994)
Net realized loss                                 (96,994)
Net realized loss per Share                           (39)
Total assets                                      214,692


Refer to the financial statement notes entitled "Summary of 
Significant Accounting Policies" and "Allocation of Profits and 
Losses" for a description of the method of calculation of net 
realized loss per Share.
</TABLE>

Item 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 
------   -------------------------------------------------
CONDITION AND RESULTS OF OPERATIONS
-----------------------------------

Liquidity and Capital Resources
-------------------------------

For the period from January 22 to December 31, 1998, net cash 
used by operating activities totaled $25,427.  The Fund 
received proceeds of $371,000 from sales of investor shares 
and $371 from Investment Managers' capital contributions.  
The Fund paid $36,706 to the Independent Directors as 
compensation for their services.  Related parties advanced 
$11,474 to the Fund to pay operating expenses and $5,304 in 
operating expenses were paid by the Fund.  Interest income of 
$5,109 was received.  The Fund paid related parties $170,000 
for organizational and distribution costs.  Other 
distribution costs of $1,252 were paid.

Cash and cash equivalents at December 31, 1998, were 
$153,692.  Future proceeds from the sales of shares, interest 
income earned on short-term investments and operating cash 
reserves along with Investment Managers' support are expected 
to be adequate to fund operations through the next twelve 
months.

Results of Operations
---------------------

Net loss for the period from January 22 to December 31, 1998 
totaled $96,994 and was comprised of operating expenses of 
$40,477, Independent Directors' compensation of $44,206, 
amortization of organizational costs of $10,000, and 
management fees of $7,420, offset by interest income of 
$5,109.

Given the inherent risk associated with the business of the 
Fund, the future sale of Fund shares and the performance of 
future portfolio company investments may significantly impact 
future operations.

YEAR 2000
---------

Widespread use of computer programs that use two digits 
rather than four to store, calculate, and display year values 
in dates may cause computer systems to malfunction in the 
year 2000, resulting in significant business delays and 
disruptions.

The Fund's State of Readiness
------------------------------------

Computer services are provided to the Fund by its Investment 
Manager, Technology Funding Inc. ("TFI".)  For several years, 
TFI has sought to use Year 2000 compliant storage formats and 
algorithms in its internally-developed and maintained 
systems.  TFI has also completed initial evaluations of 
computer systems, software, and embedded technologies.  Those 
evaluations confirmed that certain components of its network 
server hardware and operating systems, voice mail system, e-
mail system, and accounting software may have Year 2000 
compliance issues.  These resources and several less-critical 
components of the systems environment were all scheduled as 
part of normal maintenance and replacement cycles to be 
replaced or upgraded as Year 2000 compatible components 
became available from vendors during 1998 and 1999.  That 
program remains on schedule to provide Year 2000 capable 
systems timely without significant expenditures or disruption 
of Fund operations.  However, the risk remains that TFI may 
not be able to verify whether Year 2000 compatibility claims 
by vendors are accurate, or whether changes undertaken to 
achieve Year 2000 compatibility will create other undetected 
problems in associated systems.  Therefore, TFI anticipates 
that Year 2000 compliance testing and maintenance of these 
systems will continue as needed into the first quarter of 
2000.  

As part of Year 2000 evaluation, TFI has also assembled a 
database listing its significant suppliers to assess the 
extent to which it needs to prepare for any of those parties' 
potential failure to remediate their Year 2000 compliance 
issues.  TFI is reviewing public Year 2000 statements of 
those suppliers and preparing questionnaires to be sent to 
mission-critical vendors whose public statements were not 
adequate for assessment.  TFI will continue to monitor its 
significant suppliers as part of its Year 2000 evaluation.  
However, there can be no guarantee that the systems of other 
companies on which TFI relies will be timely converted, or 
that failure to convert will not have a material adverse 
effect on the Fund and its operations.  TFI is also working 
with the Fund's potential portfolio companies to determine 
the extent to which their operations are vulnerable to Year 
2000 issues.  There can be no guarantee that the systems of 
portfolio companies in which the Fund may invest will be 
timely converted, or that failure to convert will not have a 
material adverse effect on the Fund.  

The Cost to Address Year 2000 Issues
------------------------------------

Expenditures in 1998 related to Year 2000 issues were not 
material to the Fund's financial statements.  TFI expects 
that additional expenditures for Year 2000 compliance will 
not be material to the Fund.  

The Risks Associated with Year 2000 Issues
------------------------------------------

Any failure by the portfolio companies in which the Fund may 
invest, or by those portfolio companies' key suppliers or 
customers, to anticipate and avoid Year 2000 related problems 
at reasonable cost could have a material adverse effect on 
the value of and/or the timing of realization of value from 
the Fund's investments.  If Year 2000 compliance issues are 
not resolved by December 31, 1999, internal system failures 
or miscalculations could cause a temporary inability to 
process transactions, loss of ability to send or receive e-
mail and voice mail messages, or disruptions in other normal 
business activities.  Additionally, failure of third parties 
on whom TFI relies to remediate their Year 2000 issues timely 
could result in disruptions in the Fund's relationship with 
its financial institutions, temporary disruptions in 
processing transactions, unanticipated costs, and problems 
related to the Fund's daily operations.  While TFI continues 
to address its internal Year 2000 issues, until TFI receives 
and evaluates responses from a significant number of its 
suppliers, the overall risks associated with the Year 2000 
issue remain difficult to describe and quantify.  There can 
be no guarantee that the Year 2000 issue will not have a 
material adverse effect on the Fund and its operations.

TFI's Contingency Plan
----------------------

As part of its normal efforts to assure business continuation 
in the event of natural disasters, systems failures, or other 
disruptions, TFI has prepared contingency plans including an 
extensive Year 2000 contingency plan.  Taken together with 
TFI's Year 2000 remediation plan, it identifies potential 
points of failure, approaches to correcting known Year 2000 
problems, dates by which the preferred corrections are 
anticipated to be made and tested, and alternative approaches 
if the corrections are not completed timely or are later 
found to be inadequate.  Although backup systems and 
contingency approaches have been identified for most mission-
critical systems and vendor dependencies, there remain some 
systems for which no good alternative exists, and there may 
be some problems that prove more intractable than currently 
anticipated.  

Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
------   -------------------------------------------

The financial statements of the Registrant are set forth in 
Item 14.

Item 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON 
------   ------------------------------------------------
ACCOUNTING AND FINANCIAL DISCLOSURE
         -----------------------------------

None

                      PART III

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
-------  --------------------------------------------------

The Directors are responsible for the management and 
administration of the Fund.  The Directors consist of three 
Independent Directors and a representative from each of 
Technology Funding Ltd., a California limited partnership 
("TFL"), and its wholly owned subsidiary, Technology Funding 
Inc., a California corporation ("TFI").  TFL and TFI are the 
Investment Managers.  The Fund has no executive officers.  
Information concerning the ownership of TFL and the business 
experience of the key officers of TFI, the partners of TFL 
and the Independent Directors is incorporated by reference 
from the sections entitled "Management of the Fund - The 
Investment Managers, "Management of the Fund - Key Personnel 
of the Investment Managers" and "Management of the Fund-The 
Fund Directors" on pages 23 to 25 of the Prospectus as 
revised June 4, 1998 (accession number 0000950133-98-002220), 
forming a part of the December 5, 1997 Pre-effective 
Amendment No 1 to the Form N-2 Registration Statement No 333-
23913 dated July 11, 1997.

Item 11. EXECUTIVE COMPENSATION
-------  ----------------------

The Registrant has no officers.  The Fund pays the Investment 
Managers a management fee for supervising the venture capital 
operations of the Fund.  In 1998, the Fund incurred $7,420 in 
management fees.  As compensation for their services, the 
Independent Directors each receive $10,000 annually beginning 
on the Commencement Date, $1,000 for each attended meeting of 
the Directors, $1,000 for each attended committee meeting 
unless such committee meeting is held on the same day as a 
meeting of the Directors, and related expenses.  For the 
period from January 22 to December 31, 1998, $44,206 of such 
fees were incurred.

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
-------  ---------------------------------------------------
MANAGEMENT
----------

Not applicable.  No Investor beneficially holds more than 5% 
of the aggregate number of shares offered for sale, and 
neither the Investment Managers nor any of their officers, 
directors or partners own any shares.  None of the 
Independent Directors own any shares.

Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
-------  ----------------------------------------------

The Registrant, has engaged in no transactions with the 
Investment Managers or their officers and partners other than 
as described above, in the notes to the financial statements, 
or in the Fund's Operating Agreement.



Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON 
-------  -------------------------------------------------------
         FORM 8-K
         --------

         (a)  List of Documents filed as part of this Annual Report on 
Form 10-K
(1) Financial Statements - the following financial 
statements are filed as a part of this Report:

                  Independent Auditors' Report
                  Balance Sheet as of December 31, 1998
                  Statement of Operations for the period from
                   January 22, to December 31, 1998
                  Statement of Members' Equity for the period from
                   January 22, to December 31, 1998
                  Statement of Cash Flow for the period from
                   January 22, to December 31, 1998
                  Notes to Financial Statements

             (2)  Financial Statement Schedules

All schedules have been omitted because they are 
not applicable or the required information is 
included in the financial statements or the notes 
thereto.

             (3)  Exhibits

Registrant's Operating Agreement (incorporated by 
reference to Exhibit A to Registrant's Prospectus 
dated June 4, 1998 (accession number 0000950133-98-
002220), forming a part of the December 5, 1997 
pre-effective Amendment No. 1 to the Form N-2 
Registration Statement No. 333-23913 dated July 11, 
1997 filed pursuant to Rule 424(b) of the General 
Rules and Regulations under the Securities Act of 
1933).

         (b)  Reports on Form 8-K

              No reports on Form 8-K were filed by the Registrant 
during the period from January 22 to December 31, 1998.

         (c)  Financial Data Schedule for the period from January 22 
to December 31, 1998 and as of December 31, 1998 
(Exhibit 27).





                   INDEPENDENT AUDITORS' REPORT
                   ----------------------------









The Members
Technology Funding Venture Capital Fund VI, LLC:


We have audited the accompanying balance sheet of Technology Funding 
Venture Capital Fund VI, LLC (a Delaware limited liability company) as of 
December 31, 1998, and the related statements of operations, members' 
equity, and cash flows for the period from January 22 to December 31, 
1998.  These financial statements are the responsibility of the Fund's 
management.  Our responsibility is to express an opinion on these 
financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing 
standards.  Those standards require that we plan and perform the audit to 
obtain reasonable assurance about whether the financial statements are 
free of material misstatement.  An audit includes examining, on a test 
basis, evidence supporting the amounts and disclosures in the financial 
statements.  An audit also includes assessing the accounting principles 
used and significant estimates made by management, as well as evaluating 
the overall financial statement presentation.  We believe that our audit 
provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present 
fairly, in all material respects, the financial position of Technology 
Funding Venture Capital Fund VI, LLC as of December 31, 1998, and the 
results of its operations and its cash flows for the period from January 
22 to December 31, 1998, in conformity with generally accepted accounting 
principles.



Albuquerque, New Mexico                                    /S/KPMG LLP
March 26, 1999




<PAGE>





BALANCE SHEET
-------------
<TABLE>
<CAPTION>

                                                      December 31, 1998
                                                     ------------------
<S>                                                     <C>
ASSETS

Cash and cash equivalents                                 $153,692
Restricted cash                                             21,000
Organizational costs (net of
 accumulated amortization of $10,000)                       40,000
                                                           -------
     Total assets                                         $214,692
                                                           =======

LIABILITIES AND MEMBERS' EQUITY

Accounts payable and accrued expenses                     $ 35,173
Due to related parties                                     277,394
                                                           -------
     Total liabilities                                     312,567

Commitments, contingencies, and subsequent events
 (Notes 2, 5, and 6)

Members' equity:
 Investors (shares outstanding
  of 3,710)                                                274,976
 Investment Managers                                          (599)
 Deferred distribution costs                              (372,252)
                                                           -------
     Total members' equity                                 (97,875)
                                                           -------
     Total liabilities and
       members' equity                                    $214,692
                                                           =======
</TABLE>

See accompanying notes to financial statements.


<PAGE>

STATEMENTS OF OPERATIONS
------------------------

<TABLE>
<CAPTION>
                                                       For the Period
                                                     From January 22 to
                                                      December 31, 1998
                                                     ------------------
<S>                                                      <C>
Income:
 Interest income                                        $  5,109
                                                         -------
     Total income                                          5,109

Costs and expenses:
 Management fees                                           7,420
 Independent Directors' compensation                      44,206
 Amortization of organizational costs                     10,000
 Operating expenses:
  Administrative and investor services                     4,068
  Professional fees                                       36,409
                                                         -------
     Total operating expenses                             40,477
                                                         -------
     Total costs and expenses                            102,103
                                                         -------
Net realized loss                                       $(96,994)
                                                         =======
Net realized loss per Share                             $    (39)
                                                         =======
</TABLE>

See accompanying notes to financial statements. 


<PAGE>

STATEMENT OF MEMBERS' EQUITY
----------------------------

<TABLE>
<CAPTION>
For the period from January 22, to December 31, 1998:
                                                                      Deferred
                                                   Investment       Distribution
                                      Investors     Managers            Costs         Total
                                      ---------    ----------       ------------      -----
<S>                                  <C>           <C>             <C>              <C>

Sales of Fund shares                  $371,000            --               --         371,000

Investment Managers' 
 capital contributions                      --           371               --             371

Deferred distribution costs                 --            --         (372,252)       (372,252)

Net realized loss                      (96,024)         (970)              --         (96,994)
                                       -------           ---          -------         -------

Members' equity, December 31, 1998    $274,976          (599)        (372,252)        (97,875)
                                       =======           ===          =======         =======

</TABLE>

See accompanying notes to financial statements.



<PAGE>
STATEMENT OF CASH FLOWS
-----------------------
<TABLE>
<CAPTION>
                                                       For the Period
                                                     From January 22 to
                                                      December 31, 1998
                                                     ------------------
<S>                                                    <C>
Cash flows from operating activities:
 Interest received                                     $  5,109
 Cash paid to vendors                                    (5,304)
 Cash paid to related parties                           (25,232)
                                                        -------
  Net cash used by operating activities                 (25,427)
                                                        -------
Cash flows from financing activities:
 Proceeds from sale of investor shares                  371,000
 Investment Managers' capital contributions                 371
 Payments for organizational and
  distribution costs                                   (171,252)
 Payments to restricted cash                            (21,000)
                                                        -------
  Net cash provided by financing activities             179,119
                                                        -------
Net increase in cash and cash equivalents               153,692
                                                        -------
Cash and cash equivalents at December 31               $153,692
                                                        =======
Reconciliation of net realized loss to net 
 cash provided by operating activities:

Net realized loss                                      $(96,994)

Adjustments to reconcile net realized loss to
 net cash used by operating activities:
  Amortization of organizational costs                   10,000
  Changes in assets and liabilities net of
   effects from noncash financing activities:
    Accounts payable and accrued expenses                35,173
    Due to related parties                               26,394
                                                        -------
  Net cash used by operating activities                $(25,427)
                                                        =======
Noncash financing activities:

Deferred distribution costs due 
 to Investment Managers                                $251,000
                                                        =======

</TABLE>

See accompanying notes to financial statements.


<PAGE>
NOTES TO FINANCIAL STATEMENTS
-----------------------------

1.    Summary of Significant Accounting Policies
      ------------------------------------------

      General
      -------

Technology Funding Venture Capital Fund VI, LLC (the Fund) is a 
Delaware limited liability company (LLC) organized in February 1997.  
The Fund has elected to be regulated as a business development company 
under the Investment Company Act of 1940, as amended (the Act).  The 
Fund will operate as a nondiversified investment company as defined in 
the Act.

The Fund's investment objectives are long-term capital appreciation 
from venture capital investments in emerging growth companies and 
preservation of investor capital through risk management and active 
involvement with such companies.  

The Fund's Investment Managers are Technology Funding Ltd. (TFL) and 
Technology Funding Inc. (TFI), a wholly owned subsidiary of TFL.  Three 
Independent Directors and two persons affiliated with the Investment 
Managers (Affiliated Directors) serve as Directors of the Fund.  The 
Investment Managers are responsible for the Fund's investments, subject 
to the supervision of the Directors.

From February 1997 through January 22, 1998, the Fund was inactive.

The Fund is offering 1,000,000 shares in an aggregate amount of up to 
$100,000,000.  The offering commenced on January 22, 1998, (the 
Commencement Date).  There is no minimum offering amount.  The shares 
are being offered and sold through Technology Funding Securities 
Corporation (TFSC), a wholly owned subsidiary of TFI, and a registered 
member of the National Association of Securities Dealers, Inc.  The 
offering will terminate at the discretion of the Investment Managers, 
but no later than June 4, 2000.

The Fund's fiscal year-end is December 31. The Fund will continue until 
December 31, 2007, subject to the right of the Directors to extend the 
term for up to two additional two-year periods.

      Preparation of Financial Statements
      -----------------------------------

The preparation of financial statements in conformity with generally 
accepted accounting principles requires management to make estimates 
and assumptions that affect the amounts reported in the financial 
statements and accompanying notes.  Actual results could differ from 
those estimates. 

      Cash and Cash Equivalents
      -------------------------

Cash and cash equivalents are principally comprised of cash invested in 
demand accounts and money market instruments and are stated at cost 
plus accrued interest.  The Fund considers all money market and short-
term investments with an original maturity of three months or less to 
be cash equivalents.

      Deferred Distribution Costs
      ---------------------------

Distribution costs primarily consist of offering costs incurred 
pursuant to a Distribution Agreement with TFSC and TFI (the 
Distributors).  The Fund will reimburse the Distributors for such 
costs.  The Fund reports these deferred distribution costs, to the 
extent that investor capital has been raised, as a liability and as a 
deduction from Members' equity.  Merchant fees charged on shares 
purchased by credit card are also included in deferred distribution 
costs.  Deferred distribution costs will be allocated to investors' 
capital accounts on a straight-line basis over the offering period, 
beginning in the period in which Fund investment activity commences.

      Organizational Costs
      --------------------

Organizational costs of $50,000 are amortized over sixty months using 
the straight-line method.

In the first quarter of 1999, the unamortized portion of these costs 
will be expensed in full in accordance with Statement of Position 98-5, 
Reporting on the Costs of Start-Up Activities.

      Provision for Income Taxes
      --------------------------

No provision for income taxes has been made by the Fund as the Fund has 
elected to be treated as a partnership for income tax purposes, and, 
therefore, the Fund is not directly subject to taxation.  The LLC 
members are to report their respective shares of LLC income or loss on 
their individual tax returns.

      Net Realized Loss Per Investor Share
      ------------------------------------

Net realized loss per investor share is calculated by dividing the 
weighted average number of investor shares outstanding for the period 
from January 22, 1998 to December 31, 1998 of 2,481 shares into total 
net realized loss allocated to investors.  The Investment Managers 
contributed an amount equal to 0.1% of investors' capital contributions 
and did not receive any shares.

2.    Related Party Transactions
      --------------------------

Related party costs are included in costs and expenses shown on the 
Statement of Operations.  Related party costs for the period from 
January 22, 1998 to December 31, 1998, were as follows:

<TABLE>
<CAPTION>
                                                                 1998
                                                                -------
<S>                                                           <C>
Management fees                                                $ 7,420
Independent Directors' compensation                             44,206
Amortization of organizational costs                            10,000
</TABLE>

Management fees are equal to 2% of total investor capital contributions 
for each of the years of Fund operation during the offering period.  In 
subsequent years, the management fee will be 2% of the cost basis of 
Fund assets.  Management fees compensate the Investment Managers solely 
for Investment Manager Overhead (as defined in the Operating Agreement) 
incurred in supervising the investment operations of the Fund.  
Pursuant to the Operating Agreement, a full first-year fee is paid to 
the Investment Managers as each additional investor is admitted to the 
Fund, regardless of the date the investor is admitted.  At December 31, 
1998, management fees payable totaled $7,420.

Pursuant to the Operating Agreement, the Fund shall reimburse the 
Investment Managers for operational costs incurred by the Investment 
Managers in conjunction with the business of the Fund.  At December 31, 
1998, due to related parties for such expenses was $11,474.

The Fund reimburses the Investment Managers and Distributors for 
organizational and distribution costs.  Organization costs charged to 
the Fund and paid by the Fund in 1998 were $50,000.  Distribution costs 
charged to the Fund during 1998 were $371,000 and the amount payable at 
December 31, 1998 was $251,000.  As discussed in Note 5, additional 
distribution costs have and will be incurred by the Distributors.  
These additional costs will be payable by the Fund as additional 
investor capital is raised.

As compensation for their services, the Independent Directors each 
receive $10,000 annually beginning on the Commencement Date plus $1,000 
for each of the Directors meetings attended.  For the period ended 
December 31, 1998, $44,206 of such fees were incurred by the Fund.  At 
December 31, 1998, fees payable to Independent Directors were $7,500.

The Investment Managers contribute capital equal to 0.1% of total 
capital contributions made by the investors, payable as capital 
contributions are made by such investors.  Through December 31, 1998, 
the Investment Managers contributed capital of $371.

3.    Allocation of Profits and Losses
      --------------------------------

Net realized profits and losses of the Fund are allocated as follows:

(a)  Profits

i) First, to those investors and Investment Managers with 
deficit capital account balances until the deficits have 
been eliminated; then,
ii) Second, to those investors and Investment Managers as 
necessary to offset net loss previously allocated under 
(b)(ii) below; then,
iii) Third, 80% to the investors in proportion to capital 
account balances, and 20% to the Investment Managers.

(b)  Losses
 
i) First, to the investors and Investment Managers as 
necessary to offset net profit previously allocated to 
the investors under (a)(iii) above; then,
ii) Second, 99% to the investors and 1% to the Investment 
Managers.

Losses allocable to investors in excess of their capital account 
balances will be allocated to investors that have positive balances in 
their capital accounts in proportion to the respective amounts of such 
positive balances until all such balances have been reduced to zero and 
thereafter solely to the Investment Managers.  Net profit thereafter 
otherwise allocable to the investors will be allocated to the 
Investment Managers to the extent of such allocated losses.  In no 
event shall the Investment Managers be allocated less than 1% of the 
net profit of the Fund, plus their pro rata share based on capital 
contributed.

4.    Cash and Cash Equivalents
      -------------------------

Cash and cash equivalents at December 31, 1998 consisted of:
<TABLE>
<CAPTION>
                                                              1998
                                                             ------
<S>                                                        <C>
Demand account                                              $  1,500
Money-market account                                         152,192
                                                             -------
     Total                                                  $153,692
                                                             =======
</TABLE>

As of December 31, 1998, the Fund's monies were on deposit at a single 
financial institution.

5.    Commitments and Contingencies
      -----------------------------

As discussed in Note 2, the Fund reimburses the Distributors for 
distribution costs incurred in connection with the offering of its 
shares. The Distributors expect the Fund to reimburse these costs to 
the extent capital has been raised.  At December 31, 1998, the 
Distributors had incurred distribution costs totaling $2,146,630, of 
which $120,000 has been paid and $251,000 has been recorded as a 
liability of the Fund, with the remaining portion of $1,775,630 payable 
to the Distributors as additional capital is raised.  Additional 
distribution costs are expected to be incurred throughout the offering 
period and will be payable by the Fund as additional capital is raised.

Under terms of an agreement with the Fund's bank, the use of the funds 
arising from sales of shares via automatic clearing house (ACH) wire 
transfers and credit card transactions are restricted for a maximum 
period of 90 days.  At December 31, 1998, such restricted funds totaled 
$21,000.

6.    Subsequent Events
      -----------------

In March 1999, the Fund purchased 23,076 Series F Preferred shares of 
Biex, Inc. for $60,000.  Biex, Inc. is a privately held company in the 
medical industry and there is no public market for these shares.

The Fund also purchased 11,157 Series D Preferred shares of WorldRes, 
Inc. for $67,500 in March 1999.  WorldRes, Inc. is a privately held 
company in the information technology industry and there is no public 
market for these shares.



                              SIGNATURES
                              ----------

Pursuant to the requirements of Section 13 or 15(d) 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.


                    TECHNOLOGY FUNDING VENTURE CAPITAL FUND VI, LLC

                           By:  TECHNOLOGY FUNDING INC.
                                Investment Manager


Date:  March 29, 1999      By:     /s/Michael Brenner
                                ------------------------------
                                      Michael Brenner
                                      Controller

Pursuant to the requirements of the Securities Exchange Act of 1934, 
this Report has been signed below by the following persons on behalf of 
the Registrant and in the capacities and on the dates indicated:

          Signature         Capacity                   Date
          ---------         --------                   ----

 /s/Charles R. Kokesh      President, Chief        March 29, 1999
------------------------   Executive Officer,
    Charles R. Kokesh      Chief Financial 
                           Officer and Chairman of
                           Technology Funding Inc.
                           and Managing General
                           Partner of Technology
                           Funding, Ltd.



The above represents the Board of Directors of Technology Funding Inc. 
and the General Partners of Technology Funding Ltd.