UNITED STATES
                 	SECURITIES AND EXCHANGE COMMISSION
                        	Washington, DC  20549
    
                              	FORM 10-Q

[X] Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities 
Exchange Act of 1934
For the quarter ended    June 30, 1998                        	
			or
[ ] 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 33-24129                             

Historic Preservation Properties 1989 Limited Partnership
(Exact name of registrant as specified in its charter)

      Delaware                 				   04-3021042  
(State or other jurisdiction		     		(I.R.S. Employer
    of incorporation or				          	Identification No.)
      organization)

45 Broad Street, 3rd Floor, Boston, MA                  02169
(Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code (617) 338-6900 

Previous Address:  Batterymarch Park II, Quincy, MA 02169

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     


Voting stock held by non-affiliates of the registrant:  Not Applicable

      	HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                            	FORM 10-Q

                           	JUNE 30, 1998

                          	TABLE OF CONTENTS

PART  I  -  FINANCIAL INFORMATION	

           	Financial Statements

              	Balance Sheets                                3    	

              	Statements of Operations                      4

               Statements of Partners' Equity (Deficit)      5 

               Statements of Cash Flows                      6

              	Notes to Financial Statements                 7-13

               Management's Discussion and Analysis 
               of Financial Condition and Results 
               of Operations                                 14-17 

PART II -  OTHER INFORMATION                                 18
	
           Signatures                                        19


                                     2

        HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                              BALANCE SHEETS
                  JUNE 30, 1998 AND DECEMBER 31, 1997
  
                              ASSETS

                                         1998            1997
                                      (Unaudited)

INVESTMENT IN REAL ESTATE            $ 4,093,364     $  4,000,210
  Less reserve for realization
  of investments in Investeeentity    (3,469,267)      (3,469,267)
                                     ------------    ------------- 
                                         624,097          530,943

CASH AND CASH EQUIVALENTS                 98,806          175,288
OTHER ASSETS                              77,505           77,505
                                     ------------    -------------

                                     $   800,408     $    783,736
                                     ===========     ============
                    
                      LIABILITIES AND PARTNERS' EQUITY
LIABILITIES:
  Accounts payable and 
   accrued expenses                  $   13,175      $    33,562
                                     ----------      -----------
     Total liabilities                   13,175           33,562

COMMITMENTS AND CONTINGENCIES (Notes 3 and 4)

PARTNERS' EQUITY
  Limited Partners' Equity - 
   Units of Investor Partnership 
   Interest, $1,000 stated value
   per Unit-issued and outstanding 
   26,588 units                       1,010,696          974,008
 	General Partner's Deficit            (223,463)        (223,834)
                                     -----------     ------------
    	Total partners' equity             787,233          750,174
                                     -----------     ------------

                                     $  800,408      $   783,736
                                     ===========     ============

The accompanying notes are an integral part of these financial statements.

                                   3

        HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
            FOR THE THREE MONTHS ENDED JUNE 30, 1998 AND 1997
           AND FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND 1997
                             (UNAUDITED)


                                  Three Months          Six Months
                                 Ended June 30,        Ended June 30,
                               1998       1997      1998       1997
REVENUES:
  Interest and other 
   income                   $     820  $  2,205   $  3,210  $  4,481 
                            ---------  --------   --------  --------            
                                  820     2,205      3,210     4,481
                            ---------  --------   --------  --------  
EXPENSES:
  Operating and 
   administrative              50,494    34,566    102,017    76,550
                            ---------   -------   --------  -------- 

LOSS FROM OPERATIONS          (49,674)  (32,361)   (98,807)   (72,069)

EQUITY IN INCOME (LOSS) 
  OF INVESTEE ENTITIES         68,617   (13,554)   135,866    (21,964)
                            ---------   --------   -------   ---------

NET INCOME (LOSS)           $  18,943  $(45,915)  $ 37,059   $(94,033)
                            =========  =========  ========   =========

NET INCOME (LOSS) 
  ALLOCATED TO GENERAL 
  PARTNERS                  $    189   $   (459)  $    371   $   (940)
                            ========   =========  ========   =========

NET INCOME (LOSS) 
  ALLOCATED TO LIMITED 
  PARTNERS                  $ 18,754   $(45,456)  $ 36,688   $(93,093)
                            ========   =========  ========   =========
NET INCOME (LOSS) PER 
  UNIT OF INVESTOR LIMITED 
  PARTNERSHIP INTEREST, 
  BASED ON 26,588 UNITS
  ISSUED AND OUTSTANDING    $    .71   $  (1.71)  $  1.38    $ (3.50)
                            ========   =========  =======    ========

The accompanying notes are an integral part of these financial statements.

                                    4

        HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                STATEMENTS OF PARTNERS' EQUITY (DEFICIT)
               FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND
                   THE YEAR ENDED DECEMBER 31, 1997


                      Units of
                      Investor       Investor
                       Limited       Limited      General
                     Partnership     Partners'    Partner's
                      Interest        Equity       Deficit     Total

BALANCE, 
December 31, 1996      26,588      $ 1,069,565  $ (222,869)  $ 846,696

  Net loss                  -          (95,557)       (965)    (96,522)
                      -------      ------------ -----------  ---------- 

BALANCE, 
December 31, 1997      26,588          974,008    (223,834)    750,174

  Net income
 (Unaudited)                -           36,688         371      37,059
                       ------      -----------   ---------   ---------

BALANCE, 
June 30, 1998         
(Unaudited)            26,588      $ 1,010,696   $ (223,463) $ 787,233
                       ======      ===========   =========== =========

The accompanying notes are an integral part of these financial statements.

                                   5

        HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                        STATEMENTS OF CASH FLOWS
               FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND 1997
                             (UNAUDITED)

                                                1998           1997

CASH FLOWF FROM OPERATING ACTIVITIES:
  Net income (loss)                          $   37,059     $  (94,033)
  Adjustments to reconcile net income 
  (loss) to net cash use in operating 
  activities:
    Equity in income in investee entities      (135,866)        21,964
    Decrease in other assets                          -         20,150
    Decrease in accounts payable and
    accrued expenses                            (20,387)       (12,872)
                                             -----------    -----------
       Net cash used in operating 
        activities                             (119,194)       (64,791)
                                             -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Cash contributions to investee entity         (35,288)             -
  Distributions from investee entity             78,000         78,000
                                             -----------    ----------
      Net cash provided by investing 
       activities                                42,712         78,000
                                             ----------     ----------

NET INCREASE (DECREASE) IN CASH                 (76,482)        13,209

CASH AND CASH EQUIVALENTS, 
 BEGINNING OF PERIOD                            175,288        163,316
                                              ---------     ----------
CASH AND CASH EQUIVALENTS, 
 END OF PERIOD                               $   98,806     $  176,525

The accompanying notes are an integral part of these financial statements.

                                    6

       HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                   NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 1998
                          (UNAUDITED)


(1) Organization and General Partner - BHP

Historic Preservation Properties 1989 Limited Partnership 
("HPP'89" or "the Partnership") was formed on September 1, 1988 
under the Delaware Revised Uniform Limited Partnership Act.  
The purpose of HPP'89 is to invest in a diversified portfolio 
of real properties, for which certain costs of rehabilitation 
have qualified for rehabilitation tax credits (Rehabilitation 
Tax Credits).

The general partner of HPP'89 is Boston Historic Partners 
Limited Partnership (BHP), a Massachusetts limited partnership. 
 BHP was formed in November 1986 for the purpose of organizing, 
syndicating and managing publicly offered real estate limited 
partnerships (Public Rehabilitation Partnerships).  As of June 
30, 1998, BHP had established three such partnerships, 
including HPP'89.

(2)	Basis of Presentation

The accompanying unaudited financial statements of HPP'89 have 
been prepared in accordance with generally accepted accounting 
principles for interim financial information and generally with 
instructions to Form 10-Q and Article 10 of Regulation S-X.  
Accordingly, they do not include all of the information and 
footnotes required by generally accepted accounting principles 
for complete financial statements.  In the opinion of 
management, all adjustments (consisting of normal recurring 
accruals) considered necessary for a fair presentation have 
been included.  Operating results for the six months ended June 
30, 1998 are not necessarily indicative of the results that may 
be expected for the year ending December 31, 1998.  For further 
information, refer to the financial statements and footnotes 
thereto included in the Annual Report on Form 10-K for the year 
ended December 31, 1997 for HPP'89, as filed with the 
Securities and Exchange Commission.

Certain amounts in the 1997 Financial Statements have been 
reclassified to conform to the 1998 presentation.

(3)	Investments in Investee Entities and Real Estate; Commitments 
and Contingencies

During 1989, HPP'89 acquired general partnership interests in 
three Investee Entities, as well as a direct interest in a 
property located in St. Paul, Minnesota.  Each such Investee 
Entity placed a property in service in December 1989 and 
commenced initial leasing activity.

As discussed below, in March 1996, HPP'89 contributed land, 
building and improvements and furniture and equipment related 
to its property located in St. Paul, Minnesota (the 
Cosmopolitan Building), and certain other assets and 
liabilities, to a limited liability company for a 50% ownership 
interest in the Investee Entity.
	
HPP'89's current allocable percentage of operating income 
and/or losses in the Investee Entities ranges from 50% to 99%. 
Each of the Investee Entities' agreements is different but, in 
general, provides for a sharing of management duties and 
decisions among HPP'89 and the respective local general 
partners or other managing members, and certain priorities to 
HPP'89 with respect to return on and return of invested 
capital.  Significant Investee Entity decisions require the 
approval of both HPP'89 and the local general partners or other 
managing members.  In addition, each Investee Entity has 
entered into various agreements with its local general partners 
or members, or their affiliates, to provide development, 
management and other services, for which the local general 
partners or other members (or their affiliates), are paid fees 
by the respective Investee Entity.

Following is summary of information regarding the Investee 
Entities and HPP'89's investments therein:

Jenkins Court Associates Limited Partnership (Jenkins Court) is 
a Delaware limited partnership which was formed on December 20, 
1988 to acquire, construct, rehabilitate, operate and manage a 
144,000 net rentable square foot five-story building and 30,000 
net rentable square feet of new retail space, including storage 
areas and parking facilities, located at Old York Road and 
Rydal Road, Jenkintown Borough, Pennsylvania. 

                                   7

      HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                          JUNE 30, 1998
                           (UNAUDITED)

(3)	Investments in Investee Entities and Real Estate; Commitments 
and Contingencies (continued)

HPP'89 contributed $6,563,064 through the date of Jenkins 
Court's Chapter 11 filing (see below) to the capital of Jenkins 
Court and had a general partnership interest therein.  HPP'89's 
investment in Jenkins Court represented approximately 36% of 
the aggregate amount which HPP'89 originally contributed to the 
capital of its three Investee Entities acquired during 1989 and 
to purchase its direct interest in the Cosmopolitan Building.

On November 23, 1994, Jenkins Court filed a petition for relief 
under Chapter 11 of the federal bankruptcy laws in United 
States Bankruptcy Court for the jurisdiction of the Eastern 
District of Pennsylvania.  On August 31, 1995, after maximum 
vesting of the remaining Rehabilitation Tax Credits had been 
achieved for 1995 and considering the unlikelihood of a 
successful plan of reorganization, Jenkins Court and the 
mortgage holder entered into a settlement agreement under which 
Jenkins Court transferred the deed and title of the property to 
the mortgage holder.  The mortgage holder released Jenkins 
Court and its guarantors for the entire indebtedness, and 
Jenkins Court received $25,000 to pay certain professional fees 
incurred during the bankruptcy proceedings. The transfer of 
deed and title of the property to the mortgage holder resulted 
in a recapture of Rehabilitation Tax Credits in 1995 of $44,451 
to HPP'89, of which $44,007 was allocated to the Limited 
Partners of HPP'89. Tax credits allocated to the Limited 
Partners of HPP'89 totaling $2,758,113 were vested on or before 
June 15, 1995.  Therefore, 98.4% of the Limited Partners' tax 
credits were vested prior to the loss of the property.
	
Although Jenkins Court no longer owns investment property or 
has property operations after August 31, 1995, the Jenkins 
Court partnership will remain in existence until the resolution 
of certain partnership assets and liabilities. Partnership 
assets include approximately $312,000 of unsecured receivables 
from the developer and its affiliates which have been fully 
reserved for at December 31, 1997 and 1996; partnership 
liabilities include approximately $94,000 of trade payables 
which have been fully reserved for at December 31, 1997 and 
1996 since HPP'89 does not believe such amount will be recourse 
to HPP'89, as well as a $250,000 default loan and accrued 
interest thereon which had been provided by HPP'89 and secured 
by the developer's interest in an unaffiliated limited 
partnership.

402 Julia Street Associates Limited Partnership (402 Julia) is 
a Delaware limited partnership formed on July 25, 1989 to 
acquire, construct, rehabilitate, operate and manage a 19,000 
square foot site and the building situated thereon and to 
rehabilitate the building into 24 residential units and 
approximately 3,500 net rentable square feet of commercial 
space located thereon at 402 Julia Street, New Orleans, 
Louisiana. At June 30, 1998, 402 Julia had leased 96% of its 
residential units and 100% commercial space for a combined 
occupancy of 97% .  
HPP'89 originally contributed $775,000 to the capital of 402 
Julia and owns a general partnership interest therein. HPP'89's 
original investment in 402 Julia represented approximately 4% 
of the aggregate amount which HPP'89 has contributed to the 
capital of its three Investee Entities acquired in 1989 and to 
purchase its direct interest in the Cosmopolitan Building.

On September 16, 1993, HPP'89 sold one-third of its general 
partnership interest in 402 Julia to the developer general 
partner for $185,000. HPP'89's percentage of interest in 402 
Julia was thereby reduced from 98% to 65%. The terms of the 
sale required an initial payment of $100,000, which was 
received in September 1993, and requires annual payments of 
$3,500 through 2016 and a final payment of $4,500 in 2017.  At 
June 30, 1998 the remaining uncollected payments total $71,000 
which are secured by the interest sold to the developer general 
partner. The sale transaction did not generate any Investment 
Tax Credit recapture.

On July 17, 1998, 402 Julia refinanced its mortgage debt by 
issuing a promissory note to a new lender in the amount of 
$1,100,000 bearing interest at 6.69%, amortizing over 
30 years and maturing in August 2008, at which time all 
unpaid interest and principal is due.

                                   8

      HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
              NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                            JUNE 30, 1998
                             (UNAUDITED)

(3)	Investments in Investee Entities and Real Estate; Commitments 
and Contingencies (continued)

Rehabilitation Tax Credits generated by 402 Julia and 
previously allocated to HPP'89 Limited Partners totaled 
$248,796 since inception.  As of March 31, 1995, 100% of these 
credits were fully vested.

HPP'89 recorded net loss of $6,228 and $2,726 for the six 
months ended June 30, 1998 and 1997 respectively, as well as 
amortization of $1,626 for each of the six months ended June 
30, 1998 and 1997, from the 402 Julia Investment.

Portland Lofts Associates Limited Partnership (Portland Lofts) 
is a Delaware limited partnership formed on August 8, 1989 to 
acquire, construct, rehabilitate, operate and manage three 
buildings containing 89 residential units and 29,250 square 
feet of ground floor space useable as either commercial space 
or as home/studio space for artists, located at 555 Northwest 
Park Avenue in Portland, Oregon. At June 30, 1998, Portland 
Lofts had leased approximately 92% of its residential apartment 
units and 95% of the commercial space for a combined occupancy 
of 93%.  

HPP'89 contributed $3,820,000 through June 30, 1998 to the 
capital of Portland Lofts and  owns a general partnership 
interest therein. HPP'89's investment in Portland Lofts 
represents approximately 21% of the aggregate amount which 
HPP'89 originally contributed to the capital of its three 
Investee Entities acquired in 1989 and to purchase its direct 
interest in the Cosmopolitan Building.

Rehabilitation Tax Credits generated by Portland Lofts and 
allocated to HPP'89's Limited Partners totaled $1,775,571 since 
inception.  As of April 1, 1996, 100% of these tax credits were 
fully vested.

On May 21, 1996, Portland Lofts and the holder of its mortgage 
note and a $550,000 unsecured note entered into a Settlement 
Agreement (the Agreement) to resolve claims concerning the 
mortgage note and the unsecured note (the Notes).  According to 
the Agreement, Portland Lofts was allowed until July 31, 1996 
to pay $5,400,000 to the holder in full satisfaction of the 
Notes.

On June 20, 1996, Portland Lofts issued a promissory mortgage 
note to a bank in the amount of $5,625,000 and a promissory 
note to one of its general partners in the amount of $340,000 
to provide sufficient funds to pay in full the $5,400,000 
settlement amount with the holder, a separate $400,000 note 
payable and all related closing costs.  The transaction 
resulted in an extraordinary gain on extinguishment of debt of 
$1,656,579.	

In 1990, HPP'89 had reserved against its investment in Portland 
Lofts reducing such investment to zero due to the substantial 
doubt that Portland Lofts may not be able to continue as a 
going concern.  Due to the debt settlement and refinancing 
completed in June 1996, Portland Lofts is expected to continue 
as a going concern. Generally, under the equity method of 
accounting, an investment may not be carried below zero.  
Accordingly, since the Portland Lofts Investment was fully 
reserved for, HPP'89 had cumulative unrecorded losses of 
$1,325,926 at December 31, 1995.  Principally as a result of 
the extraordinary gain on extinguishment of debt, Portland 
Lofts generated net income of $1,547,514 during the year ended 
December 31, 1996 of which HPP'89 has been allocated 
$1,532,039. Consequently, HPP'89 was able to recover all of its 
cumulative unrecorded losses from Portland Lofts and recognize 
income in equity from its investment in Portland Lofts of 
$206,113 for the year ended December 31, 1996.  At December 31, 
1996, HPP'89's net investment balance in Portland Lofts totaled 
approximately $180,000.

                                  9

      HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
             NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                           JUNE 30, 1998 
                            (UNAUDITED)

(3) Investments in Investee Entities and Real Estate; Commitments 
and Contingencies (continued)

For the year ended December 31, 1997, Portland Lofts allocated 
a net loss of $173,710 and paid cash distributions of $156,000 
to HPP'89. As mentioned above, generally, under the equity 
method of accounting, an investment may not be carried below 
zero.  During 1997, HPP'89's investment in Portland Lofts was 
reduced to zero due to allocated losses and distributions 
received.  Although HPP'89's investment in Portland Lofts has 
been reduced to zero, Portland Lofts is expected to continue as 
a going concern and to continue to provide distributions to 
HPP'89.  At December 31, 1997, HPP'89 had cumulative unrecorded 
losses totaling $95,392 relating to the Portland Lofts 
investment.

For the six months ended June 30, 1998, HPP'89 recognized 
unrecorded income of $15,009 from Portland Lofts, thereby 
reducing the cumulative unrecorded losses relating to the 
Portland Lofts investment as of June 30, 1998 to $80,383.  For 
the six months ended June 30, 1997, HPP'89 recorded a net loss 
of $77,580 from the Portland Lofts investment.

For each of the six  months ended June 30, 1998 and 1997, 
HPP'89 received distributions of $78,000 from the Portland 
Lofts investment.  Distributions of $78,000 for the six months 
ended June 30, 1998 were recorded as equity in income of 
investee entities. 

The Cosmopolitan at Mears Park, LLC (TCAMP) On December 18, 
1989, HPP'89 acquired the Cosmopolitan Building containing 
255 residential units and approximately 2,200 square feet of 
commercial space.  The building was renovated, and certain 
renovation costs qualified for Rehabilitation Tax Credits.  
HPP'89 purchased the Cosmopolitan Building for one dollar 
and assumed mortgage indebtedness with a face value of 
$22,500,000.  In accordance with the terms of the Purchase 
and Sale Agreement, HPP'89 paid $5,000,000 at the closing 
which was used to repay a portion of the outstanding 
mortgage loan principal.  The Cosmopolitan Building was 
originally recorded at the net purchase price of the net 
indebtedness assumed by HPP'89 plus the amount paid at the 
closing.  Subsequent improvements were recorded at cost.  

HPP'89's investment in the Cosmopolitan Building represented 
approximately 39% of the aggregate amount which HPP'89 
originally contributed to the capital of its three Investee 
Entities acquired in 1989 and to purchase its direct interest 
in the Cosmopolitan Building.  At June 30, 1998, the economic 
occupancy of TCAMP was 98%.    

Rehabilitation Tax Credits generated by the purchase of the 
Cosmopolitan Building and previously allocated to HPP'89's 
Limited Partners totaled $4,307,491 since inception.  As of 
December 31, 1994, 100% of these tax credits were fully  
vested.  

The mortgage HPP'89 assumed relating to its purchase of the 
Cosmopolitan Building had an original maturity date of December 
18, 1999.  On January 5, 1995, HPP'89 consummated the Second 
Amendment to the Loan Agreement (Second Amendment) with the 
holder to resolve a dispute over funds in a restricted escrow 
account.  The terms of the Second Amendment allowed HPP'89 to 
be paid the interest earned on and overfunded deposits to the 
escrow account.  Also, HPP'89 received an option to buy the 
mortgage note for the fair market value of the property. In 
exchange, HPP'89 released the principal funds of the escrow 
account (approximately $1,311,000) for payment on the 
outstanding mortgage and agreed to reduce the maturity date of 
the note from December 18, 1999 to December 18, 1996. 

                                 10

       HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
              NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                           JUNE 30, 1998 
                            (UNAUDITED)

(3)	Investments in Investee Entities and Real Estate; Commitments 
and Contingencies (continued)

Effective March 15, 1996, HPP'89 contributed the Cosmopolitan 
Building, and certain other assets and liabilities, to TCAMP (a 
Limited Liability Company) for a 50% ownership interest.  
Concurrently, another member contributed $650,000 cash to TCAMP 
for a 50% ownership interest.  Simultaneously, TCAMP issued a 
mortgage note in the amount of $7,000,000, the proceeds of 
which along with the $650,000 contributed cash were used to 
settle in full HPP'89's mortgage note payable related to the 
Cosmopolitan Building.  The fair value of the Cosmopolitan 
Building and other assets contributed by HPP'89 approximated 
the fair value of liabilities transferred to TCAMP by HPP'89 
and the amount paid by TCAMP to settle in full HPP'89's 
mortgage note payable related to the Cosmopolitan Building.  
This transaction resulted in a provision for impairment of real 
estate of $8,437,963 to recognize a reduction to fair value at 
the date of contribution to TCAMP and an extraordinary gain on 
debt extinguishment of $9,182,017 to recognize the difference 
between the amount outstanding under the mortgage payable and 
the amount accepted by the lender from TCAMP in full 
settlement. 

Distributions from TCAMP to HPP'89 and the other members are 
subject to the order of distributions as specified in the 
Operating Agreement of TCAMP.  Until the other member's 
original $650,000 capital contribution had been repaid in full, 
to the extent that the Partnership accumulated from whatever 
sources operating reserve amounts greater than $140,000 at the 
end of any fiscal year, the Partnership was required to 
contribute such excess within thirty days of the end of such 
fiscal year to TCAMP as additional capital contributions to be 
distributed by TCAMP to its other member as a return of its 
original capital contribution.

On February 27, 1998, HPP'89 contributed to TCAMP $35,288, 
representing operating reserves in excess of $140,000 at 
December 31, 1997.  The funds were then distributed from TCAMP 
to its other member as a return of its original capital 
contribution.  As of December 31, 1997, the outstanding balance 
of the other member's unreturned original $650,000 capital 
contribution was $223,773.  On May 18, 1998, the other member's 
original $650,000 capital contribution was repaid in full, 
thereby eliminating any future requirements for HPP'89 to make 
additional capital contributions to TCAMP.

As a result of the contribution of the Cosmopolitan to TCAMP 
for a 50% ownership interest in TCAMP, HPP'89 no longer has 
operations directly related to real estate activity.  As of 
March 15, 1996 (the date of contribution), the Partnership 
accounts for its investment in TCAMP under the equity method of 
accounting.  HPP'89 recorded net income from the TCAMP 
investment of $65,720 and $59,968 for the six months ended June 
30, 1998 and 1997, respectively. 

HPP'89's investments in the Investee Entities at June 30, 1998 
and December 31, 1997 are summarized as follows:

                                             1998           1997
                                                          (Audited)
Cumulative:
Investments and advances made in cash    $ 4,880,288    $ 4,845,000
Evaluation and acquisition costs             835,709        835,709
Interest capitalization and other costs       39,615         39,615
Net equity in loss of Investee Entities   (1,014,326)    (1,151,818)
Reserves for realization of investments   (3,469,267)    (3,469,267)
Amortization of certain costs                (48,102)       (46,476)
Distributions received from Investee 
 Entities                                   (358,200)      (280,200)
Sale of one third interest of 
 Investee Entity                            (241,620)      (241,620)
                                         ------------   ------------ 
                                         $   624,097    $   530,943
The above summary does not include HPP'89's investment in Jenkins Court.

                                   11
       HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
              NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                             JUNE 30, 1998
                              (UNAUDITED)

(3)	Investments in Investee Entities and Real Estate; Commitments 
and Contingencies (continued)

The equity in income (loss) of Investee Entities reflected in 
the accompanying statements of operations for the six months 
ended June 30, 1998 and 1997 includes allocated income (loss) 
of $137,492 and ($20,338), respectively, and amortization of 
certain costs of $1,626 for each of the six months ended June 
30, 1998 and 1997.  

Summary combined balance sheets of the four Investee Entities 
as of June 30, 1998 and December 31, 1997, and summary combined 
statements of operations for the six months ended June 30, 1998 
and 1997 are as follows:

                    COMBINED BALANCE SHEETS
                            ASSETS

                    
                                               1998           1997
                                                            (Audited)
Buildings and improvements, 
  (net of accumulated depreciation; 
  1998, $3,169,342; 1997, $2,896,633)      $ 15,607,799    $ 15,855,989
Land                                          2,041,326       2,041,326
Other assets (net of accumulated 
  amortization;1998, $111,613; 
  1997,$105,861)                                515,649         561,218
Cash and cash equivalents                       227,595         173,001
                                           -------------   -------------
     Total assets                          $ 18,392,369    $ 18,631,534
                                           ============    ============
                  LIABILITIES AND PARTNERS' EQUITY

                                               1998            1997
                                                             (Audited)
  Liabilities:
    Mortgage and notes payable             $ 13,331,188    $ 13,412,706
    Other liabilities                           723,793         735,828
                                           -------------   -------------
    Total liabilities                        14,054,981      14,148,534
                                           ------------    -------------

   Partners' (or Members') equity:
     HPP'89                                   3,417,383       3,385,594
     Other partners                             920,005       1,097,406
                                           -------------   -------------
       Total partners' equity                 4,337,388       4,483,000
                                           -------------   -------------
         Total liabilities and partners'   
          equity                           $ 18,392,369    $ 18,631,534
                                           =============   =============
Members' equity in TCAMP has been classified as partners' equity 
in the combined balance sheets.
                   
                   COMBINED STATEMENTS OF OPERATIONS
 
                                               1998             1997
Revenue:
  Rental revenue                           $ 1,888,496     $ 1,804,988 
  Interest and other income                     73,870          26,461
                                           ------------    ------------
                                             1,962,366       1,831,449
                                           ------------    ------------
Expenses:
  Interest expense                             630,137         638,477
  Depreciation and amortization                298,120         304,883
  Operating expenses                           897,043         850,690
                                           ------------    ------------
                                             1,825,300       1,794,050
                                           ------------    ------------
Net income                                 $   137,066     $    37,399
                                           ============    ============
 Net income (loss) allocated to HPP'89     $    74,501     $   (20,339)
                                           ============    ============
 Net income allocated to other partners    $    62,565     $    57,738
                                           ============    ============
                                   12

         HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                 NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                           JUNE 30, 1998
                             (UNAUDITED)

(4) Transactions With Related Parties and Commitments

On October 1, 1995, HPP'89 engaged Claremont Management 
Corporation (CMC), a Massachusetts corporation previously 
unaffiliated and a related party as of March 15, 1996 through 
ownership by a member of TCAMP,  to provide asset management, 
accounting and investor services.  CMC provides such services 
for an annual management fee of $67,200 plus reimbursement of 
all its costs of providing these services.  The contract with 
CMC expired June 30, 1998.  For the six months ended June 30, 
1998 and 1997, CMC was reimbursed $51,033 and $34,433, 
respectively, for operating costs.  

Effective July 1, 1998, HPP'89 engaged Gunn Financial, Inc. 
(Gunn), an unaffiliated Massachusetts corporation, to provide 
accounting, asset management and investor services.  Gunn will 
provide such services for an annual management fee of $63,000, 
plus reimbursement of all its costs of providing these 
services.  The agreement expires on the earlier of June 30, 
2006 or the liquidation of the Partnership, as defined.

In November 1995, HPP'89 entered into a management agreement 
with CMC,  to manage the Cosmopolitan Building.  CMC's 
management agreement required the payment of management fees 
equal to the greater of $5,200 monthly or 4% of gross receipts 
as defined in the agreements. For the period January 1, 1996 
through March 15, 1996, CMC was paid $21,940 in property 
management fees.  The CMC management agreement also required 
the Cosmopolitan to maintain with CMC at all times an Operating 
Account in the amount of $100,000 and a Contingency Reserve 
Account in the amount of $50,000 for the benefit of the 
Cosmopolitan.  On March 15, 1996, the date HPP'89 contributed 
the property to TCAMP, the property management contract between 
HPP'89 and CMC was terminated and TCAMP directly engaged CMC 
under similar management fee terms.  

(5)	Fair Value of Financial Instruments

The fair values of cash equivalents, other assets, and accounts 
payable and accrued expenses at June 30, 1998 and December 31, 
1997 approximate their carrying amounts due to their short 
maturities.  

                                  13

      HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                CONDITION AND RESULTS OF OPERATIONS
                          JUNE 30, 1998

Liquidity and Capital Resources.  The Partnership terminated its 
offering of Units on December 29, 1989, at which time Limited 
Partners had purchased 26,588 Units, representing gross capital 
contributions of $26,588,000.  The Partnership originally invested an 
aggregate of $11,158,064 in three Investee Partnerships which owned 
or acquired real properties, the rehabilitation of which qualified 
for Rehabilitation Tax Credits.  The Partnership also originally 
invested $5,000,000 in the Cosmopolitan, real property that the 
Partnership had purchased directly, and was required to place a total 
of $2,000,000 in an escrow account with the mortgage lender for this 
property for the purpose of funding operating deficits.

Such amounts originally contributed represent approximately 100% of 
the Limited Partners' capital contributions after deduction of 
selling commissions, organizational and sales costs, acquisition fees 
and reserves.  The Partnership does not expect to make any additional 
investments in new real estate.

The Cosmopolitan is a 255 unit residential property located in St. 
Paul, Minnesota.  On January 5, 1995, the Partnership resolved a 
dispute with the holder of the Cosmopolitan's mortgage over certain 
amounts in an escrow account.  As a result, the Partnership received 
approximately $286,000 from the escrow account which was used to fund 
and reserve for the general and administrative expenses of the 
Partnership, and obtained the opportunity to purchase the mortgage 
note at the fair market value of the property, in exchange for the 
release of the principal funds from the escrow account as a payment 
toward the mortgage principal and a reduction of the mortgage term by 
three years.  Effective March 15, 1996, HPP'89 contributed the 
Cosmopolitan, and certain other assets and liabilities, to TCAMP (a 
Limited Liability Company) for a 50% ownership interest.  
Concurrently, another member contributed $650,000 cash to TCAMP for a 
50% ownership interest. Simultaneously, TCAMP issued a mortgage note 
in the amount of $7,000,000 the proceeds of which along with the 
$650,000 contributed cash, were used to settle in full HPP'89's 
mortgage note payable related to the Cosmopolitan Building.  TCAMP's 
mortgage bears interest at 9.14%: amortizes over a 25 year schedule 
and requires monthly payments of principal, interest, real estate tax 
and replacement reserve deposits totaling $92,735; the mortgage 
matures in March 2003, at which time all unpaid principal and accrued 
interest is due. After March 14, 1996, HPP'89 no longer has any 
operations directly related to real estate activity or generates cash 
from rental activity from the Cosmopolitan. As of March 15, 1996, the 
Partnership accounts for its investment in TCAMP under the equity 
method of accounting.

Jenkins Court was a 174,000 square foot building located in 
Jenkintown, Pennsylvania leased to office and retail tenants. Jenkins 
Court filed for protection under Chapter 11 Federal Bankruptcy laws on 
November 23, 1994.  On August 31, 1995, after maximum vesting of the 
remaining Rehabilitation Tax Credits had been achieved for 1995, and 
considering the unliklihood of a successful plan of reorganization, 
Jenkins Court negotiated with the mortgage holder to transfer the deed 
and the title of the property to the mortgage holder, in lieu of 
foreclosure.

Although Jenkins Court no longer owns its investment property and 
will no longer have property operations, the Jenkins Court 
partnership will remain in existence until the resolution of certain 
partnership assets and liabilities. These liabilities include a 
$250,000 default loan and accrued interest thereon, which has been 
provided by HPP'89 and secured by the developer's interest in an 
unaffiliated limited partnership.  As a result of the Chapter 11 
proceedings, The Partnership is not expected to be liable as a 
general partner of Jenkins Court for any remaining obligations of 
Jenkins Court.

Due to the foreclosure proceeding related to Jenkins Court, HPP'89 no 
longer has an investment in the property.  As of December 31, 1995, 
the investment in Jenkins Court and its corresponding reserve, both 
totaling $5,471,055, were eliminated from the balance sheet.

Portland Lofts is a mix-use property located in Portland, Oregon with 
89 residential units and 29,250 square feet of commercial space.  In 
May 1996, Portland Lofts reached a settlement agreement with the 
holder of its mortgage note and an unsecured note.  According to the 
Settlement Agreement, Portland Lofts was allowed until, July 31, 
1996, to pay $5,400,000 to the holder in full satisfaction of both 
the mortgage note and an unsecured note. 

                                   14

      HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
          MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                           JUNE 30, 1998

On June 20, 1996, Portland Lofts issued a promissory mortgage note in 
the amount of $5,625,000 and a promissory note to a general partner in 
the amount of $340,000 to provide sufficient funds to pay in full the 
$5,400,000 settlement amount with the holder in full satisfaction of 
both the mortgage note, the unsecured note payable and all related 
closing costs.  The transaction resulted in an extraordinary gain on 
extinguishment of debt of $1,656,579.  The current mortgage note on the 
property: bears interest at 9.0%; amortizes over a 25-year schedule; 
requires monthly payments of principal and interest of $47,205; and 
matures on July 1, 2006, at which time all unpaid principal and 
interest is due.

402 Julia is a mix-use property located in New Orleans, Louisiana with 
24 residential units and 3,500 square feet of commercial space. On 
September 16, 1993, HPP'89 sold one-third of its general partnership 
interest in 402 Julia to the developer general partner for $185,000.  
HPP'89's percentage of interest in 402 Julia was thereby reduced from 
98% to 65%.  The terms of the sale required an initial payment of 
$100,000, which was received in September 1993, and requires annual 
payments of $3,500 through 2016 and a final payment of $4,500 in 2017. 
On July 17, 1998, 402 Julia refinanced its mortgage debt by issuing a 
promissory note to a new lender in the amount of $1,100,000 bearing 
interest at 6.69%, amortizing over 30 years and maturing in August 
2008, at which time all unpaid interest and principal is due.

The short-term liquidity of the Investee Entities, with the exception 
of Jenkins Court, depends on their ability to generate sufficient 
rental income to fund operating expenses and debt service requirements. 
TCAMP, Portland Lofts and 402 Julia have stabilized operations and, 
after considering the effects of TCAMP's and Portland Lofts' recent 
respective refinancings, are expected to generate cash flow.  For each 
of the six months ended June 30, 1998 and 1997, the Partnership 
received distributions from Portland Lofts of $78,000, respectively.   

HPP'89's cash is used primarily to fund general and administrative 
expenses of managing the public fund. The Partnership's only source 
of short term liquidity is from distributions received from Investee 
Entities and the proceeds from the previous sale of a partial 
interest in 402 Julia.  The Partnership expects to fund its expenses 
with cash flow distributions from Portland Lofts, and from TCAMP if 
such distributions are available to HPP'89 and are required to fund 
expenses. As of June 30, 1998 and December 31, 1997, the Partnership 
had $98,806 and $175,288 of total cash.

Until the other member's original $650,000 capital contribution had 
been repaid in full, to the extent that the Partnership accumulated 
from whatever sources operating reserve amounts greater than $140,000 
at the end of any fiscal year, the Partnership was required to 
contribute such excess within thirty days of the end of such fiscal 
year to TCAMP as additional capital contributions to be distributed 
by TCAMP to its other member as a return of the outstanding portion 
of its original capital contribution. On February 27, 1998, HPP'89 
contributed to TCAMP $35,288, representing operating reserves in 
excess of $140,000 at December 31, 1997.  The funds were then 
distributed from TCAMP to its other member as a return of its 
original capital contribution.  On May 18, 1998, TCAMP had returned 
the total outstanding portion of its original capital contribution to 
its other member, thereby eliminating any future requirements for 
HPP'89 to make additional capital contributions to TCAMP.

Cash flow generated from the Partnership's investment properties and 
the Partnership's share of the proceeds from the sale of such 
properties is expected to be the source of future long-term 
liquidity.

                                 15

     HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                           JUNE 30, 1998

Results of Operations.  As a result of the contribution of the 
Cosmopolitan to TCAMP for a 50% ownership interest in TCAMP, subsequent 
to March 14, 1996, HPP'89 no longer had operations directly related to 
real estate activity.  As of the date of contribution, the Partnership 
accounts for its investment in TCAMP under the equity method of 
accounting.
 
Due to the foreclosure proceeding related to Jenkins Court, HPP'89 no 
longer has an investment in the property.  As of December 31, 1995, the 
investment in Jenkins Court and its corresponding reserve, both 
totaling $5,471,055, were eliminated from the balance sheet.

The Partnership accounts for its investments in its three remaining 
investee entities under the equity method. In general, under the 
equity method of accounting for investments, the investment is 
recorded at cost and the current allocable portion of earnings 
(losses) of an Investee Entity  is  recorded  as  income  (loss) with 
 a  corresponding  increase (decrease) to the investment account.  The 
allocable portion of losses of an Investee Entity are not recorded 
after the respective investment account is reduced to zero.  The 
allocable portion of earnings of an Investee Entity are not recorded 
until all previously unrecorded losses are absorbed.  The 
Partnership's allocable share of operating income and/or losses in 
investee entities range from 50% to 99%.  

Distributions received are recorded as reductions to the investment 
account.  Distributions received from an Investee Entity whose 
respective investment account has been reduced to zero are recorded as 
income.

As of June 30, 1998, 402 Julia leased 96% of its residential units and 
100% commercial space for a combined occupancy of 97%.  402 Julia has 
benefited from a relatively strong New Orleans market and continues to 
record stable operations.  402 Julia rents units to residential 
tenants, half of which are under short-term operating leases with 
the remaining rented under month-to-month arrangements.  For the 
six months ended June 30, 1998, 402 Julia recorded a net loss of 
approximately $9,500 of which included depreciation and 
amortization of approximately $22,000.  

At June 30, 1998, Portland Lofts had leased approximately 92% of 
its residential apartment units and 95% of the commercial space for 
a combined occupancy of 93%.  Portland Lofts rents space to 
residential tenants principally under month-to-month arrangements and 
to commercial tenants under operating leases of varying terms expiring 
through 2004.  As of June 30, 1998, the Partnership had entered into 
fifteen commercial leases.  The Partnership's largest commercial tenant 
occupancies 23% of the commercial space at June 30, 1998, representing 
only 5.8% of the total square feet of the property.  For the six months 
ended June 30, 1998, Portland Lofts recorded net income of 
approximately $15,200 of which included depreciation and amortization 
of approximately $142,500.
 
TCAMP operates its 255 unit residential property in the competitive 
lowertown district of St. Paul, Minnesota with traditional, annual 
operating leases to individuals that expire within one year of 
signing.  Despite the availability of low mortgage rates in the 
single family house market, the building has increased rental rates 
with the market and maintained occupancy above 95% for several years.

At June 30, 1998, TCAMP had an economic occupancy of 98%. For the 
six months ended June 30, 1998, TCAMP recorded net income of 
approximately $131,400, which included depreciation and 
amortization expense of approximately $298,100. 

In 1990, the Partnership fully reserved against its investment in 
Portland Lofts, due to the substantial doubt it would continue as a 
going concern. Accordingly, since the Portland Lofts investment was 
fully reserved for, the Partnership had cumulative unrecorded losses 
of $1,325,926  associated  with  the  investment  as  of December 31, 
1995. Principally as a result of an extraordinary gain on 
extinguishment of debt, Portland Lofts generated net income of 
$1,547,514 in 1996, of which HPP'89 has been allocated $1,532,039.  
This allocated net income allowed HPP'89 to recover all of its 
cumulative unrecorded losses from Portland Lofts. 

                                  16

       HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
                             JUNE 30, 1998

For the year ended December 31, 1997, Portland Lofts allocated a net 
loss of $173,710 and cash distributions of $156,000 to HPP'89. During 
1997, HPP'89's investment in Portland Lofts was reduced to zero due to 
allocation of losses and distributions received.  Accordingly, HPP'89 
had cumulative unrecorded losses at December 31, 1997 of $95,392.  For 
the six  months ended June 30, 1998, HPP'89 recognized unrecorded 
income of $15,008, reducing the unrecorded losses from the Portland 
Lofts investment to $80,382.  Distributions received from Portland 
Lofts for the six months ended June 30, 1998 totaled $78,000 and were 
recorded as equity income of investee entities.  Although HPP'89's 
investment in Portland Lofts has been reduced to zero, Portland Lofts 
is expected to continue as a going concern and to continue to provide 
distributions to HPP'89.  

The Partnership recorded net income, under generally accepted 
accounting principles, of $18,943 for the three months ended June 30, 
1998, compared to a net loss of $45,915 for the three months ended June 
30, 1997.  This increase of $64,858 in net income is primarily 
attributable to the increase in equity in income (loss) of investee 
entities of approximately $82,200, offset by an increase in operating 
and administrative expenses of approximately $15,900.  As mentioned 
above, the Partnership's net investment balance in Portland Lofts
has been reduced to zero.  Therefore, distributions for the three 
months ended June 30, 1998 of $39,000 were recorded as equity 
income of investee entities by the Partnership compared to 
an allocated net loss of $42,083 from Portland Lofts for the same 
period in 1997.

The Partnership recorded net income, under generally accepted 
accounting principles, of $37,059 for the six months ended June 30, 
1998, compared to a net loss of $94,033 for the six months ended June 
30, 1997.  This $131,092 increase in net income is primarily 
attributable to the increase in equity in income (loss) of investee 
entities of approximately $157,800, offset by an increase in operating 
and administrative expenses of approximately $25,500.  The increase in 
HPP'89 share of equity in income (loss) is primarily due to the 
activity from Portland Lofts.  As mentioned the Partnership's net
investment balance in Portland Lofts has been reduced to zero.  
Therefore, distributions for the six months ended June 30, 1998, 
of $78,000 were recorded as equity income of investee entities 
by the Partnership compared to an allocated net loss of 
$77,581 from Portland Lofts for the same period in 1997.

Inflation and Other Economic Factors

Recent economic trends have kept inflation relatively low, although 
the Partnership cannot make any predictions as to whether recent 
trends will continue.  The assets of the Partnership, principally 
investments in Investee Entities, are highly leveraged in view of the 
fact that each Investee property is subject to a substantial 
long-term first mortgage loan.  Operating expenses and rental 
revenue of each Investee property are subject to inflationary 
factors.  Low rates of inflation could result in slower rental 
rate increases, and to the extent that these factors are 
outpaced by increases in property operating expenses (which 
could arise as a result of general economic 
circumstances such as an increase in the cost of energy or fuel, or 
from local economic circumstances), the operations of the Partnership 
and its Investees could be adversely affected.  Actual deflation in 
prices generally would, in effect, increase the economic burden of 
the mortgage debt service with a corresponding adverse effect.

High rates of inflation, on the other hand, raise the operating 
expenses for projects, and to the extent they cannot be passed on to 
tenants through higher rents, such increases could also adversely 
affect Partnership and Investee operations. Although, to the extent 
rent increases are commensurable, the burden imposed by the mortgage 
leverage is reduced with a favorable effect.  Low levels of new 
construction of similar projects and high levels of interest rates 
may foster demand for existing properties through increasing rental 
income and appreciation in value.

Year 2000 Issues

The Partnership and its Investee Entities have analyzed the effect of 
the Year 2000 on their respective financial and computer systems and 
have incorporated and/or expect to have incorporated the necessary 
modifications to avert any negative consequences.  The Partnership does 
not anticipate Year 2000 issues to have any material effect on its 
operations or the operations of the Investee Entities, or incur 
substantial costs to address Year 2000 issues. 

                                  17

     HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP
                     PART II - OTHER INFORMATION
                          JUNE 30, 1998

Item 1.		Legal Proceedings

       		The Partnership is not a party to, to the best
         knowledge of the General Partner, any material pending 		
        	legal proceedings.

       		To the best knowledge of the General Partner, Jenkins
         Court Associates L.P., Portland Lofts Associates 		L.P.,
         402 Julia Street Associates L.P.  nor The Cosmopolitan
         at Mears Park, LCC are not currently	subject to any
         material pending legal proceedings.

Item 2.		Changes in Securities - Not applicable.

Item 3.		Defaults Upon Securities - Not applicable.

Item 4.		Submission of Matters to a Vote of Security Holders - 
         Not applicable.

Item 5.  Other Information - Not applicable.

Item 6.		Exhibits and Reports from Fork 8-K

       		(a)	Exhibits
             None.

       		(b)	Reports from Form 8-K
             None.

                                   18

        HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                              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.

                      HISTORIC PRESERVATION PROPERTIES 1989
                      LIMITED PARTNERSHIP

                      By:	Boston Historic Partners Limited Partnership
                          General Partner

                          By:	Portfolio Advisory Services, Inc.
                              General Partner

Date:  August 1, 1998         By:   /s/Terrence P. Sullivan
                                    Terrence P. Sullivan,
                                    President

                         and
				
Date:  August 1, 1998    By:	  /s/ Terrence P. Sullivan	
                                   Terrence P. Sullivan,
                                   General Partner

                                 19