Form 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                |X|    Quarterly  Report  Pursuant  to  Section 13 or
                       15(d) of the Securities  Exchange Act of 1934.
                       For the quarterly period ended June 30, 2000

                |_|    Transition Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934.
                       For the transition period from _______ to _______

                         Commission File Number 0-23842

                       ATEL Cash Distribution Fund V, L.P.
             (Exact name of registrant as specified in its charter)

California                                                      94-3165807
----------                                                      ----------
(State or other jurisdiction of                              (I. R. S. Employer
incorporation or organization)                               Identification No.)

           235 Pine Street, 6th Floor, San Francisco, California 94104
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (415) 989-8800



Indicate  by a 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 |_|

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None



                                       1
<PAGE>

                          Part I. FINANCIAL INFORMATION

Item 1.  Financial Statements.














                                       2
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                                 BALANCE SHEETS

                       JUNE 30, 2000 AND DECEMBER 31, 1999
                                   (Unaudited)


                                     ASSETS

                                                  2000              1999
                                                  ----              ----
Cash and cash equivalents                         $4,079,353         $3,330,065

Accounts receivable                                2,125,118          2,772,627

Other receivables, net of allowance for
   doubtful accounts of $100,605 in 2000
   and 1999                                        1,150,214          1,309,783

Investments in leases                             52,172,962         60,548,669
                                            ----------------- ------------------
                                                 $59,527,647        $67,961,144
                                            ================= ==================




                       LIABILITIES AND PARTNERS' CAPITAL


Non-recourse debt                                $18,713,190        $22,138,639

Accounts payable
     Other                                           845,253            359,831
     General partner                                 270,226            117,089
     Equipment purchases                               1,352              1,352

Accrued interest expense                              90,499            107,182

Unearned lease income                                271,480            416,654
                                            ----------------- ------------------
Total liabilities                                 20,192,000         23,140,747

Partners' capital:
     General partner                                 189,939            169,819
     Limited partners                             39,145,708         44,650,578
                                            ----------------- ------------------
Total partners' capital                           39,335,647         44,820,397
                                            ----------------- ------------------
Total liabilities and partners' capital          $59,527,647        $67,961,144
                                            ================= ==================

                             See accompanying notes.


                                       3
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                                INCOME STATEMENTS

                        SIX AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2000 AND 1999
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                     Six Months                        Three Months
                                                   Ended June 30,                     Ended June 30,
                                                   --------------                     --------------
                                               2000             1999              2000              1999
                                               ----             ----              ----              ----
Revenues:
Leasing activities:
<S>                                            <C>             <C>               <C>                <C>
   Operating lease revenues                    $5,469,468      $ 7,251,926       $ 2,658,394        $ 3,429,672
   Direct financing leases                        715,939          914,047           325,811            448,733
   Leveraged leases                                44,933           49,879            42,523             24,940
   Gain (loss) on sales of assets                 904,239          492,104           754,161            (40,971)
Interest income                                    62,975          147,177            23,811             77,646
Other                                              14,167           (7,369)            8,882             (9,827)
                                          ---------------- ---------------- ----------------- ------------------
                                                7,211,721        8,847,764         3,813,582          3,930,193
Expenses:
Depreciation and amortization                   3,472,054        4,190,952         1,792,537          1,954,965
Interest                                          716,903        1,091,068           378,879            524,389
Equipment and incentive management fees           491,787          585,207           375,864            273,526
Administrative cost reimbursements                195,594          144,740           123,244            101,338
Railcar maintenance                               138,570                -            43,994                  -
Other                                             115,425          177,239            62,185            179,371
Professional fees                                  69,372           31,856            48,394             20,813
                                          ---------------- ---------------- ----------------- ------------------
                                                5,199,705        6,221,062         2,825,097          3,054,402
                                          ---------------- ---------------- ----------------- ------------------
Net income                                     $2,012,016      $ 2,626,702         $ 988,485          $ 875,791
                                          ================ ================ ================= ==================
Net income:
     General partner                             $ 20,120         $ 26,267           $ 9,885            $ 8,758
     Limited partners                           1,991,896        2,600,435           978,600            867,033
                                          ---------------- ---------------- ----------------- ------------------
                                               $2,012,016      $ 2,626,702         $ 988,485          $ 875,791
                                          ================ ================ ================= ==================
Weighted average number of units
   outstanding                                 12,497,000       12,497,000        12,497,000         12,497,000
Net income per limited partnership unit             $0.16            $0.21             $0.08              $0.07
</TABLE>



                             See accompanying notes.


                                       4
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                    STATEMENT OF CHANGES IN PARTNERS' CAPITAL

                             SIX MONTH PERIOD ENDED
                                  JUNE 30, 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                 Limited Partners      General
                                      Units           Amount           Partners            Total
<S>                                   <C>             <C>                 <C>             <C>
Balance December 31, 1999             12,497,000      $44,650,578         $ 169,819       $ 44,820,397
Distributions to limited partners                      (7,496,766)                -         (7,496,766)
Net income                                              1,991,896            20,120          2,012,016
                                 ---------------- ---------------- ----------------- ------------------
Balance June 30, 2000                 12,497,000      $39,145,708         $ 189,939       $ 39,335,647
                                 ================ ================ ================= ==================
</TABLE>

                             See accompanying notes.


                                       5
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                            STATEMENTS OF CASH FLOWS

                        SIX AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2000 AND 1999
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                 Six Months                        Three Months
                                                               Ended June 30,                     Ended June 30,
                                                               --------------                     --------------
                                                           2000             1999              2000              1999
                                                           ----             ----              ----              ----

Operating activities:
<S>                                                        <C>             <C>                 <C>                <C>
Net income                                                 $2,012,016      $ 2,626,702         $ 988,485          $ 875,791
Adjustments to reconcile net income
   to net cash provided by operations
   Leveraged lease income                                     (44,933)         (49,879)          (42,523)           (24,940)
   Depreciation and amortization                            3,472,054        4,190,952         1,792,537          1,954,965
   (Gain) loss on sales of assets                            (904,239)        (492,104)         (754,161)            40,971
Changes in operating assets and liabilities:
      Accounts receivable                                     647,509          309,243           (93,252)           (94,392)
      Accounts payable, general partner                       153,137         (154,047)          129,373           (244,608)
      Accounts payable, other                                 485,422           58,381           473,390           (312,421)
      Accrued interest expense                                (16,683)         (16,333)           (6,681)            (7,565)
      Unearned lease income                                  (145,174)        (196,118)           (1,505)          (144,233)
                                                      ---------------- ---------------- ----------------- ------------------

Net cash provided by operating activities                   5,659,109        6,276,797         2,485,663          2,043,568
                                                      ---------------- ---------------- ----------------- ------------------

Investing activities:
Proceeds from sales of assets                               4,639,702        2,742,607         2,553,842          1,075,296
Reduction in net investment in direct
   financing leases                                         1,213,123          676,176         1,059,230            129,015
Payments received on notes receivable                         159,569                -           159,569                  -
Reduction in net investment in leveraged
   leases                                                           -          323,187            (4,820)            42,468
Purchase of equipment on operating leases                           -         (178,200)                -            (89,952)
                                                      ---------------- ---------------- ----------------- ------------------
Net cash provided by investing
   activities                                               6,012,394        3,563,770         3,767,821          1,156,827
                                                      ---------------- ---------------- ----------------- ------------------
</TABLE>




                                       6
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                            STATEMENTS OF CASH FLOWS
                                   (Continued)

                        SIX AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2000 AND 1999
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                 Six Months                        Three Months
                                                               Ended June 30,                     Ended June 30,
                                                               --------------                     --------------
                                                           2000             1999              2000              1999
                                                           ----             ----              ----              ----
<S>                                                        <C>             <C>                 <C>                <C>
Financing activities:
Distributions to limited partners                          (7,496,766)      (7,499,740)       (3,748,775)        (3,750,349)
Repayment of non-recourse debt                             (3,425,449)      (3,720,448)       (1,723,611)        (1,705,543)
Repayment of line of credit                                         -       (1,000,000)                -                  -
                                                      ---------------- ---------------- ----------------- ------------------
Net cash used in financing activities                     (10,922,215)     (12,220,188)       (5,472,386)        (5,455,892)
                                                      ---------------- ---------------- ----------------- ------------------

Net increase (decrease) in cash and
   cash equivalents                                           749,288       (2,379,621)          781,098         (2,255,497)
Cash at beginning of period                                 3,330,065        8,872,945         3,298,255          8,748,821
                                                      ---------------- ---------------- ----------------- ------------------
Cash at end of period                                      $4,079,353      $ 6,493,324       $ 4,079,353        $ 6,493,324
                                                      ================ ================ ================= ==================

Supplemental disclosure of cash flow
   information:
Cash paid during the period for interest                    $ 733,586      $ 1,107,401         $ 378,879          $ 524,389
                                                      ================ ================ ================= ==================

Supplemental schedule of non-cash transactions:

Direct financing lease assets reclassified to
   notes receivable                                               $ -        $ 489,616               $ -          $ 489,616
                                                      ================ ================ ================= ==================
</TABLE>



                             See accompanying notes.




                                       7
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


1.  Summary of significant accounting policies:

Interim financial statements:

The unaudited interim financial statements reflect all adjustments which are, in
the opinion of the general partners,  necessary to a fair statement of financial
position and results of operations for the interim periods  presented.  All such
adjustments are of a normal recurring nature.  These unaudited interim financial
statements  should be read in  conjunction  with the most recent  report on Form
10K.


2.  Organization and partnership matters:

ATEL Cash Distribution Fund V, L.P. (the Partnership), was formed under the laws
of the State of California  on September 23, 1992,  for the purpose of acquiring
equipment to engage in equipment leasing and sales activities.

The Fund does not make a provision  for income taxes since all income and losses
will be allocated to the Partners for inclusion in their individual tax returns.


3. Investment in leases:

The Partnership's investment in leases consists of the following:

<TABLE>
<CAPTION>
                                                                         Depreciation
                                                                         Expense or         Reclass-
                                                       December 31,     Amortization      ifications &        June 30,
                                                           1999           of Leases       Dispositions          2000
                                                           ----           ---------     - -------------         ----
<S>                                                       <C>              <C>               <C>                <C>
Net investment in operating leases                        $43,955,033      $(3,301,232)      $(4,162,118)       $36,491,683
Net investment in direct financing leases                  14,969,534       (1,213,123)       (1,834,365)        11,922,046
Net investment in leveraged leases                          2,123,085           44,933          (684,665)         1,483,353
Residual interests                                            835,759                -                 -            835,759
Reserve for losses                                         (2,254,809)               -                 -         (2,254,809)
Assets held for sale or lease                                   5,008                -         2,945,685          2,950,693
Initial direct costs, net of accumulated
   amortization of $1,805,948 in 1999 and
   $1,811,167 in 2000                                         915,059         (170,822)                -            744,237
                                                    ------------------ ---------------- ----------------- ------------------
                                                          $60,548,669      $(4,640,244)      $(3,735,463)      $ 52,172,962
                                                    ================== ================ ================= ==================
</TABLE>




                                       8
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


3. Investments in leases (continued):


The following  schedule provides an analysis of the Partnership's  investment in
property on operating leases by major  classifications  as of December 31, 1999,
acquisitions and dispositions  during the quarters ended March 31, 2000 and June
30, 2000 and as of June 30, 2000.

<TABLE>
<CAPTION>
                                                      Reclassifications
                              December 31,             & Dispositions                June 30,
                                  1999          1st Quarter      2nd Quarter           2000
                                  ----          -----------      -----------           ----
<S>                              <C>              <C>               <C>               <C>
Transportation                   $42,798,186      $(3,657,042)      $ 3,261,725       $ 42,402,869
Construction                      15,399,236       (2,033,221)         (750,548)        12,615,467
Materials handling                 7,636,308         (564,941)       (1,503,469)         5,567,898
Furniture and fixtures             4,709,326                -                 -          4,709,326
Manufacturing                      3,475,585                -                 -          3,475,585
Mining                             6,981,798       (1,880,826)       (1,748,000)         3,352,972
Office automation                    145,726                -          (145,726)                 -
                             ---------------- ---------------- ----------------- ------------------
                                  81,146,165       (8,136,030)         (886,018)        72,124,117
Less accumulated depreciation    (37,191,132)       2,305,589          (746,891)       (35,632,434)
                             ---------------- ---------------- ----------------- ------------------
                                 $43,955,033      $(5,830,441)      $(1,632,909)      $ 36,491,683
                             ================ ================ ================= ==================
</TABLE>

All of the property on operating  leases was acquired during 1993,  1994,  1995,
1996 and 1997.

At June 30, 2000, the aggregate  amounts of future minimum lease payments are as
follows:

          Year ending       Direct
         December 31,      Financing        Operating          Total
         ------------      ---------        ---------          -----
                 2000        $1,449,468      $ 4,490,991       $ 5,940,459
                 2001         2,473,232        5,613,833         8,087,065
                 2002         2,125,473        3,676,953         5,802,426
                 2003           428,733        1,561,369         1,990,102
                 2004           622,851          568,585         1,191,436
           Thereafter         5,007,927        5,460,813        10,468,740
                        ---------------- ---------------- -----------------
                            $12,107,684      $21,372,544      $ 33,480,228
                        ================ ================ =================






                                       9
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


4.  Non-recourse debt:

Notes  payable  to  financial  institutions  are  due  in  varying  monthly  and
semi-annual  installments  of principal and  interest.  The notes are secured by
assignments  of lease  payments and pledges of the assets  which were  purchased
with the proceeds of the particular notes. Interest rates on the notes vary from
6.33% to 10.53%.

Future minimum principal payments of non-recourse debt are as follows:

          Year ending
         December 31,      Principal        Interest           Total
         ------------      ---------        --------           -----
                 2000        $2,319,823        $ 674,317       $ 2,994,140
                 2001         4,573,204        1,063,001         5,636,205
                 2002         2,915,879          700,193         3,616,072
                 2003           709,048          553,832         1,262,880
                 2004           453,006          513,642           966,648
           Thereafter         7,742,230        2,917,355        10,659,585
                        ---------------- ---------------- -----------------
                            $18,713,190      $ 6,422,340      $ 25,135,530
                        ================ ================ =================


5.  Related party transactions:

The terms of the  Agreement  of Limited  Partnership  provide  that the  General
Partner  and/or  Affiliates  are entitled to receive  certain fees for equipment
acquisition, management and resale and for management of the Partnership.

The General Partner and/or Affiliates earned the following fees and commissions,
pursuant to the  Agreement of Limited  Partnership  during the six month periods
ended June 30,  2000 and 1999 as  follows:

                                                 2000              1999
                                                 ----              ----
Equipment  and  incentive management fees        $ 491,787          $ 585,207

Reimbursement of administrative costs              195,594            144,740
                                          ----------------- ------------------
                                                  $687,381           $729,947
                                          ================= ==================



                                       10
<PAGE>

                       ATEL CASH DISTRIBUTION FUND V, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


6. Partner's capital:

The Fund is authorized to issue up to  12,500,000  Units of Limited  Partnership
interest in addition to the Initial Limited Partners.

The Fund's Net Profits,  Net Losses and Tax Credits are to be  allocated  99% to
the Limited Partners and 1% to the General Partner.

As more fully described in the Agreement of Limited Partnership,  available Cash
from  Operations  and Cash from Sales or  Refinancing  shall be  distributed  as
follows:

First,  5% of  Distributions  of Cash from  Operations to the General Partner as
Incentive Management Fees.

Second,  the balance to the Limited  Partners  until the Limited  Partners  have
received  aggregate  Distributions,  as  defined,  in an  amount  equal to their
Original  Invested  Capital,  as  defined,  plus  a  10%  per  annum  cumulative
(compounded daily) return on their Adjusted Invested Capital, as defined.

Third,  the General  Partner  will  receive as Incentive  Management  Fees,  the
following:

      (A) 10% of remaining Cash from Operations, as defined,

      (B) 15% of remaining Cash from Sales or Refinancing, as defined.

Fourth, the balance to the Limited Partners.


7.  Line of credit:

The  Partnership  participates  with the  General  Partner  and  certain  of its
Affiliates in a $77,500,000 revolving credit agreement with a group of financial
institutions  which  expires  on  July  28,  2001.  The  agreement  includes  an
acquisition  facility and a warehouse  facility which are used to provide bridge
financing  for  assets  on  leases.  Draws on the  acquisition  facility  by any
individual  borrower  are  secured  only by that  borrower's  assets,  including
equipment and related leases.  Borrowings on the warehouse facility are recourse
jointly to certain of the Affiliates, the Partnership and the General Partner.

At June 30, 2000, the Partnership had no borrowings under the line of credit.

The credit agreement  includes certain  financial  covenants  applicable to each
borrower.  The  Partnership  was in compliance with its covenants as of June 30,
2000.




                                       11
<PAGE>

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

Capital Resources and Liquidity

Funds which have been  received,  but which have not yet been invested in leased
equipment, are invested in interest-bearing accounts or  high-quality/short-term
commercial paper.

The Partnership currently has available adequate reserves to meet contingencies,
but in the event those  reserves were found to be  inadequate,  the  Partnership
would  likely be in a position to borrow  against its current  portfolio to meet
such  requirements.  The General  Partner  envisions  no such  requirements  for
operating purposes.

As of June 30, 2000, the  Partnership  had borrowed  $58,317,911.  The remaining
unpaid balance at that date was  $18,713,190.  Borrowings are to be non-recourse
to the Partnership, that is, the only recourse of the lender is to the equipment
or corresponding  lease acquired or secured with the loan proceeds.  The General
Partner  expects that aggregate  borrowings in the future will be  approximately
40% of  aggregate  equipment  cost.  In any  event,  the  Agreement  of  Limited
Partnership  limits such  borrowings to 40% of the total cost of  equipment,  in
aggregate.

The  Partnership  participates  with the  General  Partner  and  certain  of its
affiliates in a $77,500,000  revolving  line of credit with a group of financial
institutions. The line of credit expires on July 28, 2001.

No  commitments  of capital  have been or are expected to be made other than for
the acquisition of additional equipment. As of June 30, 2000, there were no such
commitments.

If  inflation  in the general  economy  becomes  significant,  it may affect the
Partnership  inasmuch as the residual  (resale) values and rates on re-leases of
the  Partnership's  leased  assets may  increase as the costs of similar  assets
increase.  However,  the  Partnership's  revenues from existing leases would not
increase,  as such rates are generally fixed for the terms of the leases without
adjustment for inflation.

If interest rates increase  significantly,  the lease rates that the Partnership
can obtain on future  leases will be expected to increase as the cost of capital
is a significant  factor in the pricing of lease  financing.  Leases  already in
place, for the most part, would not be affected by changes in interest rates.


Cash flows

For both the three and six month  periods  in 2000 and 1999,  the  Partnership's
primary source of cash flows from operations was rents from operating leases.

In 2000 and 1999, the most significant source of cash from investing  activities
in both the six and three month periods was proceeds from sales of lease assets.
Rents from direct  financing  leases were also significant in both the three and
six month periods.

In 2000 and 1999,  there  were no  sources  of cash from  financing  activities.
Distributions to the Limited Partners was the primary  financing use of cash and
it did not  change  significantly  from  the  prior  year.  Cash  used to  repay
non-recourse debt has decreased as a result of scheduled debt reductions.




                                       12
<PAGE>

Results of operations

The primary source of revenues is operating  leases and is expected to remain so
in future periods. As leases reach their scheduled terminations, the Partnership
expects to either sell the assets or to re-lease them.  Revenues from succeeding
leases are usually  lower than the  amounts  received  on earlier  leases.  As a
result,  lease rents are expected to decline in future  periods until all of the
assets  are  sold.   Operating  lease  revenues  declined  by  $1,782,458  (from
$7,251,926 in 1999 to $5,469,468 in 2000) for the six month periods and $771,248
(from $3,429,672 in 1999 to $2,658,394 in 2000) for the three month periods.

Depreciation is the  Partnership's  largest  expense and is related  directly to
operating  lease assets and revenues.  Depreciation  also decreased for both the
three and six month periods as a result of these lease terminations.

In 2000,  sales of assets  resulted in gains  ($904,239 for the six month period
and $754,161 for the three month period)  compared to a gain of $492,104 for the
six month period and a loss of $40,971 for the three month period in 1999.

Interest  expense has  declined  for both the six and three  month  periods as a
result of decreased  total debt  balances  compared to 1999.  Debt balances have
been reduced as a result of scheduled debt payments.

Management fees are related to lease revenues  (equipment  management  fees) and
the  amounts of cash  generated  from  operations  which is  distributed  to the
limited partners  (incentive  management fees). Lease revenues declined compared
to 1999 as noted above.  More of the  distributions to the limited partners came
from the  proceeds of asset sales (on which no  management  fees are being paid)
rather  than  from  cash  generated  from  operations.  These  gave  rise to the
decreases in management fees compared to 1999.



                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings.

No material legal  proceedings are currently  pending against the Partnership or
against any of its assets.

In October  1997,  Schwegmann's  Giant  Supermarkets,  one of the  Partnership's
lessees, defaulted on two of five locations of retail grocery store fixtures and
equipment,  the lease payments,  and certain other  obligations under the lease,
with a receivable  balance currently totaling  approximately  $1.7 million.  The
remaining portion of the lease payments with respect to three of five stores was
assumed by SGSM  Acquisition  Company  ("SGSM").  Payments with respect to these
leases remained  current until February 1999;  however,  on March 26, 1999, SGSM
filed for protection under Chapter 11 of the U.S. Bankruptcy Code.

The  Partnership  is currently  pursuing  damages in the amount of $2.8 million,
representing  amounts  due  under  the  lease.  The  lessee  claims  that it has
sufficient  assets to satisfy the claims of all secured creditors of the lessee;
however, as the lessee's assets are primarily  relatively illiquid real property
investments,  the timing of the  liquidation  of such  assets  have  resulted in
delays in the payments to the lessee's  creditors.  As of this date, the General
Partner  believes  that it has a reasonable  basis for asserting a likelihood of
recovering most or all of the amounts claimed.

On January 16, 1998, Pegasus Gold Corporation filed for protection under Chapter
11. The initial  meeting of creditors  established by the  Bankruptcy  Court was
held on March 9, 1998.  The lessee's lease with the  Partnership  had previously
been leveraged on a non-recourse basis with The CIT  Group/Equipment  Financing,
Inc. ("CIT"), and all lease receivables  (estimated at $6,032,460) were assigned
to the lender.  Consequently,  the Partnership's exposure is no greater than the
fair  market  residual  value  of  the  equipment  under  lease,   estimated  at
$1,101,803. The reorganized lessee/debtor has assumed the Partnership's lease in
the  Bankruptcy  Court and,  made all past due  payments.  The  Partnership  has
entered  into an  Escrow  Agreement  with CIT,  wherein  CIT has  agreed  not to
foreclose  on the  Partnership's  interest  so long as the lessee  continues  to
perform under the lease.



                                       13
<PAGE>

At this  time,  the lessee is current  in its lease  obligations.  The  ultimate
recovery under this lease is dependent on the price of gold remaining at a level
sufficient to make the lessee's operations profitable,  and,  consequently,  any
assessment of the impact of an adverse outcome of this matter remains uncertain.

On December  31,  1997,  Quaker Coal  Company  requested a  moratorium  on lease
payments from January  through  March 1998. No lease  payments were made through
June of 1998. As a result,  the General  Partner  declared the lease in default.
Subsequently,  the lessee made the outstanding  payments,  however,  the General
Partner  refused to waive the default and insisted on additional  damages in the
range of $993,000 to $1,370,000. The General Partner sued the lessee for damages
and is currently  awaiting judgment from the court. The General Partner believes
that an adverse ruling would not have a material impact on the operations of the
Partnership.  The  amounts  of  these  damages  have not  been  included  in the
financial statements included in Item 1 of this report.

Item 2. Changes In Securities.

         Inapplicable.

Item 3. Defaults Upon Senior Securities.

         Inapplicable.

Item 4. Submission Of Matters To A Vote Of Security Holders.

         Inapplicable.

Item 5. Other Information.

         Inapplicable.

Item 6. Exhibits And Reports On Form 8-K.

                   (a)Documents filed as a part of this report

                   1.   Financial Statements

                        Included in Part I of this report:

                        Balance Sheets, June 30, 2000 and December 31, 1999.
                        Statements  of  operations  for the six and three  month
                           periods ended June 30, 2000 and 1999.
                        Statement  of changes in  partners'  capital for the six
                        months ended June 30, 2000. Statements of cash flows for
                        the six and three month periods ended June 30, 2000 and
                           1999.
                        Notes to the Financial Statements.

                   2.   Financial Statement Schedules

                        All other  schedules for which  provision is made in the
                        applicable accounting  regulations of the Securities and
                        Exchange  Commission  are not required under the related
                        instructions  or are  inapplicable,  and therefore  have
                        been omitted.

                   (b)  Report on Form 8-K

                        None


                                       14
<PAGE>

                                   SIGNATURES


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.


Date:
August 11, 2000

                       ATEL CASH DISTRIBUTION FUND V, L.P.
                                  (Registrant)



                   By: ATEL Financial Corporation
                       General Partner of Registrant




                                     By:     /s/ A.  J.  BATT
                                           ---------------------------------
                                           A. J. Batt
                                           President and Chief Executive Officer
                                           of General Partner




                                     By:     /s/ DEAN L. CASH
                                           ---------------------------------
                                           Dean L. Cash
                                           Executive Vice President
                                           of General Partner




                   By:   /s/ PARITOSH K. CHOKSI
                       -------------------------------------
                       Paritosh K. Choksi
                       Principal financial officer of registrant




                   By:   /s/ DONALD E.  CARPENTER
                       -------------------------------------
                       Donald E.  Carpenter,
                       Principal accounting officer of
                       registrant