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, 1997                	
			 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)

Batterymarch Park II,  Quincy,  Massachusetts        02169
(Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code (617) 472-1000

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, 1997

	TABLE OF CONTENTS




											


PART  I  -  FINANCIAL INFORMATION	

	Financial Statements

		Balance Sheets								                            	

		Statements of Operations							                   4

		Statements of Partners' Equity (Deficiency)				 	 5 

		Statements of Cash Flows					 		                  6

		Notes to Financial Statements						               7-12 

	 Management's Discussion and Analysis of Financial   
          Condition and Results of Operations	     13-15 

PART II -  OTHER INFORMATION							                16
	
        		Signatures					                     					17

















HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

BALANCE SHEETS

JUNE 30, 1997 AND DECEMBER 31, 1996



                                              		1997		                 	1996	
						                                       (Unaudited)	

 	ASSETS


INVESTMENTS IN INVESTEE ENTITIES	          $  3,997,372	       $  4,097,336
		Less reserve for realization of 
   investments in Investee Entities	        	(3,469,267)	       	(3,469,267)
                                            ------------        ------------
                                         							528,105		           628,069

							
CASH AND CASH EQUIVALENTS 		                    176,525		           163,316
OTHER ASSETS 	 	                                 81,005        		   101,155  
                                            ------------        ------------
						                                        $	785,635 	         $	892,540  
                                            ============        ============


	LIABILITIES AND PARTNERS' EQUITY

LIABILITIES:
		Accounts payable	                             $	3,732	            $	3,734
		Accrued expenses and other liabilities		       29,240 		           42,110  
                                              ----------          ----------
					Total liabilities		                         32,972 	       	    45,844  

COMMITMENTS AND CONTINGENCIES

PARTNERS' EQUITY:
		Limited Partners' Equity-Units of 
   Investor Limited	Partnership 
   Interest, $1,000 stated value per 
   Unit-Issued and outstanding 26,588 units	 	  976,472		         1,069,565
		General Partner's Deficiency		               (223,809)         		(222,869)
                                              ----------          ----------
					Total partners' equity		                   752,663 	          	846,696

                                              ----------          ----------
                       						                 $ 785,635 	         $ 892,540  
                                              ==========          ==========








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



          HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                         STATEMENTS OF OPERATIONS

               FOR THE THREE MONTHS ENDED JUNE 30, 1997 AND 1996

              AND FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND 1996

                               (UNAUDITED)

                              							Three Months		         		Six Months
				                                 Ended June 30,          Ended June 30,
                        	         1997       1996         1997    	  1996
REVENUES:
	Rental and related income	   $	    - 	  $	     - 	   $	     -	    $  533,027 
	Interest and other income		   23,705  	 	  9,642  	  	 25,981      	 	21,989   
			                          ---------   --------     --------     -----------
                               23,705  		   9,642 		    25,981 		     555,016  

EXPENSES:
	Operating and administrative		42,726		    46,583		     75,070		       83,446
	Professional fees		           13,200		     7,661		     22,700		       22,556
	Depreciation and amortization    		-		         -	          	-	      	124,804
	Property operating expenses:
		Payroll services		                -		         -		          -		       52,597 
		Utilities		                       -		         -		          -		       84,691
		Real estate taxes	               	-	         	-		          -      		 85,698	
 	Other operating 		                -			        -         			-			      87,266
                            ----------   --------  -----------  -------------
		Total expenses		             55,926    		54,244 		    97,770  	    	541,058  
                            ----------   --------  -----------  -------------
				                          (32,221)  		(44,602)	   	(71,789)	      	13,958

PROVISION FOR IMPAIRMENT OF
	REAL ESTATE AT TRANSFER OF
	OWNERSHIP INTEREST IN REAL
	ESTATE TO INVESTEE ENTITY		        -		         -    		      -		   (8,437,963)

LOSS FROM OPERATIONS		        (32,221)		  (44,602)		   (71,789)		  (8,424,005)
	
INTEREST EXPENSE		               (140)		        -		       (280)		    (507,513)

EQUITY IN INCOME (LOSS) OF
	 INVESTEE PARTNERSHIP 		     (13,554)	 	   3,089		    (21,964)	      	10,059
	
EXTRAORDINARY GAIN ON 
	EXTINGUISHMENT OF DEBT	           	-  	       	             -    		9,182,017  
                            ----------  ----------   ----------   ------------
NET INCOME (LOSS)	          $	(45,915)	 $	(41,513)	  $	(94,033)	    $	260,558  
                            ==========  ==========  ===========   ============
NET INCOME (LOSS)  
	ALLOCATED TO GENERAL 
	PARTNER	                      $	(459)	    $	(415)	    $	 (940)	      $	2,606  

NET INCOME (LOSS) ALLOCATED 
	 TO LIMITED PARTNERS	      $	(45,456)	 $	(41,098)	  $	(93,093)   	$	 257,952  

NET INCOME (LOSS) PER UNIT OF 
	INVESTOR LIMITED PARTNERSHIP
	INTEREST, BASED PM 26,588 UNITS
	OUTSTANDING	               $   (1.71)	$    (1.55)	  $   (3.50)	   $     9.70
			 
The accompanying notes are an integral part of these financial statements.

                                        4
          	HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                 	STATEMENTS OF PARTNERS' EQUITY (DEFICIENCY)

                 	FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND

                    	FOR THE YEAR ENDED DECEMBER 31, 1996

                                 (UNAUDITED)

  
						
                   						     Units of
						                        Investor			  Investor				
						                        Limited			   Limited			   General	
						                      Partnership			 Partners'			Partner's	
						                        Interest			   Equity			 (Deficiency)			 Total

BALANCE, December 31, 1995		   26,588	    $	600,455 	  $	(227,607)	$ 372,848

	Net income			                      -  		   469,110 		      4,738  		473,848
                            ---------     ---------   ------------ ----------
BALANCE, December 31, 1996		   26,588		   1,069,565 		   (222,869)	  846,696

	Net loss         		                -       (93,093)	        (940)	  (94,033)
                           ----------    -----------  ------------- ---------
BALANCE, June 30, 1997		       26,588 	$    976,472 	$	  (223,809)	$ 752,663  
                           ==========    ===========  ============= =========




















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



           HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                         STATEMENTS OF CASH FLOWS

                 FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND 1996

                                (UNAUDITED)

                                              										1997		    	   1996			

CASH FLOWS FROM OPERATING ACTIVITIES:
	Net income (loss)	                                 $	(94,033) 	   $ 260,558
	Adjustments to reconcile net income (loss) to 
		net cash provided by (used in) operating activities:  
			Depreciation and amortization	                     	     -        124,804
			Amortization of discount on mortgage payable	            -		      233,893
  		Provision for impairment of real estate at transfer of
			 ownership interest in real estate to investee entity	   -      8,437,963
	  Extraordinary gain on extinguishment of debt		 	         -	    (9,182,017)
			Deferred interest expense added to
				the principal of mortgage payable 	                     -         78,237
			Equity in (income) loss in investee entity	         21,964 		     (10,059)
  	Decrease (increase) in other assets	                20,150	          (152)
			Increase (decrease) in accounts payable		               (2)		     	 2,300
			Increase (decrease) in accrued expenses and 
             other liabilities                       	(12,870)	      	71,420
                                                    ---------       --------  
					Net cash provided by (used in) operating 
      activities                                      (64,791)       	16,947  

CASH FLOWS FROM INVESTING ACTIVITIES: 
   Distributions from investee entity                  78,000         39,400
			Purchase of furniture and equipment			                   -         (2,694)
			Cash payment at transfer of ownership interest in
			   investment in real estate to investee entity	         - 		    (679,567)
                                                    ----------     ----------
				    Net cash provided by (used in) investing 
         activities                                    78,000    	  (642,861)
                                                    ----------     ----------
NET INCREASE  (DECREASE) IN CASH          	            13,209		     (625,914) 

CASH, BEGINNING OF PERIOD		                           163,316 	   	  788,602  
                                                    ----------     ----------
CASH, END OF PERIOD	                                $	176,525 	    $	162,688  

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

			Cash paid for interest	                          $       - 	    $ 169,535  







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

                                       6
           HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP 

                       NOTES TO FINANCIAL STATEMENTS

                                 JUNE 30, 1997

                                 (UNAUDITED)

(1) 	Organization and General  Partner - BHP 

	Historic Preservation Properties 1989 Limited Partnership (HPP'89) 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, 1997, 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, 1997 are not necessarily indicative of the results that
may be expected for the year ending December 31, 1997.  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, 1996 for 
HPP'89, as filed with the Securities and Exchange Commission.

(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 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.  

	    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.








                                        7
             HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                      NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                                      JUNE 30, 1997
 
                                    (UNAUDITED)

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

	    Due to slow leasing activity, Jenkins Court had difficulty making debt
service payments on its construction loan since the origin of its loan. 
In July 1992, Jenkins Court and the lender entered into an agreement by which
the construction loan was bifurcated into two notes and a substantial amount
of accrued interest, late fees and extension fees was forgiven. In June 1993,
the lender extended the maturity date of the notes to June 15, 1994.

	    Management of Jenkins Court was negotiating with the lender to extend the
notes to June 15, 1995. On September 30, 1994, the lender sold the notes to
a real estate investment entity, who became the new holder of the notes.
Management of Jenkins Court entered negotiations with the new holder to
extend or restructure the notes. On November 23, 1994, the new holder 
presented a demand for payment in full of the balance of the notes and accrued
interest thereon. 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.
Under Chapter 11, certain claims against the Jenkins Court in existence prior 
to the filing of the petition for relief under federal bankruptcy laws were
stayed while Jenkins Court continued business operations as Debtor-in-
Possession.  Although the acceptance of a plan of reorganization through the
bankruptcy proceeding was highly unlikely, Jenkins Court had achieved a 
short-term goal of maximizing the vesting of the majority of its remaining
tax credits on June 30, 1995.

	    On August 31, 1995, Jenkins Court and the mortgage holder entered into a
settlement agreement to resolve the bankruptcy litigation. As part of the 
settlement agreement, Jenkins Court transferred the deed and title to the
property to the mortgage holder in lieu of foreclosure proceedings. The 
mortgage holder agreed to release 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. 

	    Rehabilitation Tax Credits generated by Jenkins Court and previously 
allocated to HPP'89's Limited Partner totaled $2,799,919.  The transfer of 
deed and title of the property to the mortgage holder resulted in a recapture
of Rehabilitation Tax Credits in 1995 of $42,229 (unaudited) to HPP'89, of 
which $41,807 (unaudited) was allocated to the Limited Partners of HPP'89. 
Tax credits allocated to the Limited Partners of HPP'89 totaling $2,758,113 
(unaudited) were vested on or before June 15, 1995.  Therefore, 98.5% 
(unaudited) of the Limited Partners' tax credits were vested prior to the 
loss of the property.

	     Although Jenkins Court no longer owns its investment property and no 
longer 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 as of December 31, 1996; partnership liabilities
include approximately $94,000 of trade payables which have been fully 
reserved for as of December 31, 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.

	    Since the fourth quarter of 1990, HPP'89 had reserved against its 
investment in Jenkins Court, reducing such investment to zero due to the 
substantial doubt that Jenkins Court would continue as a going concern. Due
to Jenkins Court's foreclosure in 1995, HPP'89's investment in Jenkins Court 
and its corresponding reserve, both totaling $5,471,055, were eliminated from
the balance sheet as of December 31, 1995.

	    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, 1997, 402
Julia had leased 100% of its residential units and commercial space.

    	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.

    	Rehabilitation Tax Credits generated by 402 Julia and previously
allocated to HPP'89's Limited Partners totaled $248,796 since inception.  As
of March 1, 1995, 100% of these credits were fully vested.

    	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. A total of $74,500 remains uncollected as of
June 30, 1997 and is secured by the interest sold to the developer general
partner.


                                       8
             HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                      NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                                JUNE 30, 1997

                                 (UNAUDITED)

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

     For  the six  months ended June 30, 1997, HPP'89 recorded net loss of
$2,726 as well as amortization of $1,626  from 402 Julia.

    	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 107 residential 
units including 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, 1997, Portland Lofts had leased approximately 
93% of its residential units and approximately 81% of its net rentable 
commercial space resulting in a combined occupancy of 90% for the property.

    	HPP'89 contributed $3,820,000 through June 30, 1997 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 credit were fully vested.

    	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 previous mortgage holder an agreed upon settlement amount of $5,400,000 
for all outstanding debt, as well as a $400,000 note payable to a separate 
lender, 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 a result 
of the extraordinary gain on extinguishment of debt, Portland Lofts generated
net income of $1,547,514 for the year ended December 31, 1996 of which HPP'89 
has been allocated $1,532,039. Consequently, in 1996, 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.  For the 
six months ended June 30, 1997, HPP'89 recorded a net loss of $77,582 and cash 
distributions of $78,000 from Portland Lofts. 

     	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.

    	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 1, 1994, 100% of these tax 
credits were fully vested.

    	Effective March 15, 1996, HPP'89 contributed the Cosmopolitan Building, 
and certain other assets and liabilities, to TCAMP (a Delaware limited 
liability company) for a 50% ownership interest.  Concurrently, another 
member contributed $650,000 cash to TCAMP for a 50% ownership interest.  
Simultaneously, TCAMP is sued 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.



                                        9
            HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                  NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                                JUNE 30, 1997

                                 (UNAUDITED)


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

    	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.  
To the extent that HPP'89 accumulates operating reserve amounts greater than 
$140,000 at the end of any fiscal year, HPP'89 is required to contribute to 
TCAMP, such excess amounts as additional capital contributions.

     At June 30, 1997, the economic occupancy at The Cosmopolitan Building 
was approximately 98%.  For the six  months ended June 30, 1997, HPP'89 
recorded net income of $59,970 from TCAMP.  Distributions in excess of net 
income and HPP'89's original equity investment totaling $65,866 were recorded
as equity income from Investee Entities for the year ended December 31, 1996. 

    	HPP'89's investments in the Investee Entities at June 30, 1997 and 
December 31, 1996 are summarized as follows:

Cumulative:
                                                  1997              1996
                                           ---------------      ------------    
                                             (Unaudited)         (Audited)

Investments and advances made in cash      $    4,845,000      $   4,845,000
Evaluation and acquisition costs                  835,709            835,709
Interest capitalization and other costs            39,615             39,615
Equity in losses of Investee Partnerships      (1,234,282)        (1,213,944) 
Reserves for realization of investments        (3,469,267)        (3,469,267)
Amortization of certain costs                     (44,850)           (43,224)
Distributions received from Investee Entities    (202,200)          (124,200)
Sale of one third interest of Investee 
 Partnership                                     (241,620)          (241,620)
                                            --------------     ---------------
                                            $     528,105      $     628,069 
                                            =============      ===============

    	The above summary of HPP'89's investments in Investee Entities does not 
include the investment in and accumulated activities of Jenkins Court.

     The equity in loss of Investee Entities reflected in the accompanying 
statements of operations includes net allocated loss of $20,338 (unaudited) 
for the six  months ended June 30, 1997, and annual amortization of certain 
costs of $1,626 for the six months ended June 30, 1997.          

    	Summary combined balance sheets of the four Investee Entities as of June
30, 1997 and December 31, 1996, as well as summary combined statements of 
operations for the six months ended June 30, 1997 and 1996 are as follows.  
Certain balances for 1996 have been reclassified to conform to their 1997 
presentation.

                          	COMBINED BALANCE SHEETS

                                  	ASSETS


                                                    1997           1996
                                               -----------     ------------- 
                                               (Unaudited)       (Audited)
Buildings and improvements, (net of 
  accumulated depreciation 
  $2,676,897, 1997; $2,350,515, 1996)       $  16,119,227      $  16,382,387
Land                                            2,041,326          2,041,326
Other assets (net of accumulated 
  amortization $61,582, 1997;
  $47,543,1996)                                   405,752            711,942
Cash                                              565,171            296,895
                                            --------------     --------------
    Total assets                           	$  19,131,476      $   19,432,550
                                            ==============     ===============
     



                                         10
               HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP 

                     NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 1997

                                   (UNAUDITED)

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

                      	LIABILITIES AND PARTNERS' EQUITY


                                                    1997             1996
                                                -----------       -----------
                                                (Unaudited)         (Audited)
Liabilities:
  Mortgage and notes payable                   $ 13,490,615      $ 13,564,967
        Other liabilities	                          879,494           743,804
                                               -------------     -------------
        Total liabilities                        14,370,109        14,308,771
                                               -------------     -------------

Partners' equity:
   HPP'89                                         3,541,966         3,640,377
   Other partners                                 1,219,401         1,483,402
                                               -------------      ------------  
   Total partners' equity                         4,761,367         5,123,779
                                               -------------      ------------

     Total liabilities and partners' equity   $  19,131,476      $ 19,432,550
                                              ==============     =============

    Members' equity in TCAMP has been classified as partners' equity in the 
combined balance sheets.

                        	COMBINED STATEMENTS OF OPERATIONS

 
                                                   1997               1996
                                              -------------      -------------
                                               (Unaudited)         (Unaudited)
Revenue:

    Rental revenue                            $  1,804,988       $  1,245,162 
    Interest and other income                       26,461             33,118
                                              -------------      -------------
                                                 1,831,449          1,278,280
                                              -------------      -------------
Expenses:
 Interest expense                                  638,477            632,964
	Depreciation and amortization                     304,883            235,219
	Operating expenses                                850,690            517,372
                                              -------------      -------------

                                                 1,794,050          1,385,555
                                              -------------      ------------
Net income (loss) from operations                   37,399           (107,275) 

Extraordinary item: gain on settlement of debt           -          1,656,579   
                                              -------------      ------------
Net income                                    $     37,399        $ 1,549,304 
                                              -------------      ------------
Net income (loss) allocated to HPP'89         $    (20,339)       $ 1,554,671  
                                              -------------      ------------
Net income (loss) allocated to other partners $     57,738             (5,367) 
                                              ------------       ------------
Operations of the Cosmopolitan Building are included in the Partnership's 
Statement of Operations for the quarter ended  March 31, 1996.

(4)	Mortgage Payable and Restricted Cash

	    The mortgage HPP'89 assumed relating to its purchase of the Cosmopolitan 
Building had an original maturity date of December 18, 1999 and a 
contract interest rate of 7%.  In December 1992, the Cosmopolitan's original
mortgage lender was purchased by Mellon Bank, N.A., referred to as the holder. 
The holder, as of December 31, 1995, continued to service the mortgage loan and
hold escrowed funds.

                                      11






          HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                  NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                              JUNE 30, 1997

                               (UNAUDITED)

(4)	Mortgage Payable and Restricted Cash (Continued)

    	In accordance with the terms of the original mortgage agreement related to
the Cosmopolitan, HPP'89 was required to establish an interest bearing 
operating account (Operating Account) with the mortgage lender for the 
Cosmopolitan in the initial amount of $1,000,000 to be utilized for operating
deficit and certain property expenditures.  An additional $1,000,000 was 
added to this account on January 15, 1990.

    	On January 5, 1995, HPP'89 consummated the Second Amendment to the Loan 
Agreement (Second Amendment) with the holder by which HPP'89 received an
option to buy the mortgage note for the fair market value of the property.  
In exchange, HPP'89 paid down  approximately $1,311,000 from the Operating 
Account to the outstanding mortgage balance, and the maturity date of the note 
was reduced from December 18, 1999 to December 18,1996.  Also, as part of the
Second Amendment, HPP'89 received payment of approximately $286,000 of interest
that had been earned in the Operating Account.   As discussed below, HPP'89 
was paid the $123,000 remaining in the Operating  Account on March 15, 1996, 
the date of purchase of the mortgage note.

    	For financial reporting purposes, the original discount on the mortgage 
note payable was recorded to reflect an effective interest rate of 10% over 
the life of the loan. Due to the advancement of the maturity date, as 
discussed above, the effective interest rate was amended on January 1, 1995 
to 14.04% to amortize the remaining discount over the remaining life of the 
mortgage note. Amortization of the discount amounted to $233,893 for 1996 
(unaudited), and as recorded as interest expense.

    	Effective March 15, 1996, HPP'89 contributed the Cosmopolitan Building, 
and certain other assets and liabilities, to TCAMP  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.  
	
(5)	Transactions With Related Parties and Commitments

    	In July 1993, HPP'89 engaged Portfolio Advisory Services, Inc. (PAS),  
corporate general partner of BHP,  to provide  asset  management, 
accounting, and investor services to HPP'89.  PAS performed such services for
no fee, but was reimbursed for all operating costs of providing such services.  
This agreement was extended until September 30, 1995.  For the period 
January  1, 1995 to September 30, 1995 PAS was reimbursed approximately 
$68,000 (unaudited)  for asset management, accounting and investor services 
to HPP'89.

    	On October 1, 1995, HPP'89 engaged Claremont Management Corporation 
(CMC), an unaffiliated Massachusetts corporation, 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 providing these
services.  The initial term of the contract with CMC extends until 
June 30, 1997, and is automatically extended on a yearly basis unless 
otherwise terminated as provided for in the agreement.  For the six months 
ended June 30, 1997 and 1996, CMC was reimbursed $34,433, and $30,840, 
respectively, for operating costs.  

    	On November 1, 1995, HPP'89 entered into a management agreement with 
CMC, expiring June 30, 1997, to manage The Cosmopolitan Building. 
      
     CMC's management agreement requires 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, and for 
the period November 1, 1995 through December 31, 1995, CMC was paid $21,940 
and $14,400, respectively, 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 when 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. 

6)	Fair Value of Financial Instruments

   		The fair values of cash and cash equivalents, accounts payable, and 
accrued expenses and other liabilities at June 30, 1997 and December 
31, 1996 approximate their carrying amounts due to the short maturities.


                                   12
       HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 

                  CONDITION AND RESULTS OF OPERATIONS

                             JUNE 30, 1997 

                              (UNAUDITED)


   	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 Entities  which owned or acquired real 
properties, the rehabilitation of which qualified for Rehabilitation Tax 
Credits.  The Partnership also originally invested $5,000,000 in 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.

    	As further discussed  under Results of Operations, effective 
March 15, 1996, HPP'89 contributed the Cosmopolitan Building and certain 
other assets and liabilities to The Cosmopolitan at Mears Park, LLC (TCAMP) 
(a Delaware limited liability company) for a 50% ownership interest in TCAMP.

   	As further discussed under Results of Operations, on August 31, 1995 
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.

    	As further discussed under Results of Operations, on June 20, 1996 
Portland Lofts obtained alternative financing to fully satisfy its mortgage 
note and other significant debt obligations.  

    	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.  Both TCAMP 
and Portland Lofts have stabilized operations after the effects of their 
recent respective refinancings.  Portland Lofts is expected to generate cash 
flow to HPP'89 in 1997.  During the six months ended June 30, 1997, the 
Partnership received $78,000 from Portland Lofts.  During 1996, the 
Partnership received distributions from Portland Lofts and TCAMP totaling 
$26,000 and $98,200, respectively. 

   	HPP'89's cash is used primarily to fund general and administrative 
expenses of operating the public fund.  After the contribution of the 
Cosmopolitan to TCAMP, the Partnership's only source of short term liquidity 
is from distributions received from Investee Entities.  The Partnership 
expects to fund its expenses with cash flow distributions from Portland Lofts
and, if required, from TCAMP.  As of  June 30, 1997 and December 31, 1996, 
the Partnership had $176,525 and $163,316 of total cash, of which  $76,525 
and $63,641, respectively,  was not insured by the Federal Deposit 
Insurance Corporation.

   	To the extent that The Partnership accumulates from whatever sources 
operating reserve amounts greater than $140,000 at the end of any fiscal year,
The Partnership is 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 her original capital contribution.  Since the Partnership anticipates 
funding its expenses principally from distributions received from Portland 
Lofts, the Partnership does not expect that this requirement will affect its 
ability to fund its expenses.

    	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.

    	Results of Operations.  The Partnership generated net loss, under 
generally accepted accounting principles, of $94,033 for the six  months 
ended June 30, 1997, including its allocable share of loss from Investee 
Entities of $21,964  The Partnership's allocable share of operating income 
and/or losses in the Investee Entities range from 50% to 99%.  Net loss  
allocated from the Investee Entities to the Partnership represents a loss 
from Portland Lofts and 402 Julia of approximately $77,582 and $2,726,
amortization of approximately $1,600, as well as income from TCAMP of 
approximately $59,970, respectively.

    	Effective March 15, 1996, HPP'89 contributed the Cosmopolitan Building, 
and certain other assets and liabilities, to TCAMP  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 approximately 
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.  This transaction did not generate any 
recapture of Rehabilitation Tax Credits to the Partnership because the 
tax credits were already fully vested.

    	As a result of the contribution of the Cosmopolitan to TCAMP for a 50% 
ownership interest in TCAMP, HPP'89 will no longer have operations including 
depreciation and amortization directly due to real estate activity.  As of 
the date of contribution, the Partnership accounts for its investment in 
TCAMP under the equity method of accounting.

    	Jenkins Court transferred title and deed to its property to the holder 
of the mortgage in August 1995 through foreclosure proceedings.  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.

   	On May 21, 1996, Portland Lofts and the holder of its mortgage note and 
an unsecured note entered into a Settlement Agreement (the Agreement) to 
resolve the claims concerning these notes. According to the Agreement, 
Portland Lofts was allowed until July 31, 1996 to pay $5,400,000 to the note 
holder for full satisfaction of the mortgage note and the unsecured note.  On
June 20, 1996, Portland Lofts obtained alternative financing from a new 
mortgage holder and one of its general partners to pay in full the mortgage 
note, an unsecured note, as well as another note payable to a separate 
lender.  The transaction resulted in a gain of extinguishment of debt of 
$1,656,579.

    	In 1990, the Partnership fully reserved against its investment in 
Portland Lofts, due to the substantial doubt it would 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, the Partnership had 
cumulative unrecorded losses of $1,325,926 as of December 31, 1995. Portland 
Lofts generated  net income of $1,547,514 in 1996, principally as a result 
of an extraordinary gain on extinguishment of debt, 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.  HPP'89's income
in equity recognized in 1996, totaled $206,113 before distributions and after 
the recovery of cumulative unrecorded losses.  For the six months ended 
June 30, 1997, HPP'89 recorded a net loss of $77,582 and cash distributions 
of $78,000 from Portland Lofts.

    	Both 402 Julia and TCAMP are residential properties with traditional, 
annual operating leases to individuals that expire within one year of 
signing. Portland Lofts is a mixed-use building with 91 residential units and
29,250 square feet of commercial space.  The residential leases are 
traditional, annual operating leases to individuals that expire within one 
year of signing.  There are 16 commercial units, with operating leases which 
range in length from one to eight years.  The largest commercial tenant 
occupies only 5.8% of the total square feet of the property.

    	402 Julia has had better than 90% occupancy levels since July 1990 and 
was 100% leased at June 30, 1997.  This 24 unit residential building has 
benefited from a relatively strong market in the warehouse district of 
New Orleans.  

   	TCAMP had an economic occupancy of approximately 98% for the six months 
ended June 30, 1997, and has met occupancy projections.  This 255 unit 
property operates in a very competitive lowertown St. Paul market and has 
been leased above 90% since 1992.

    	As of June 30, 1997, Portland Lofts had approximately 93% occupancy of 
residential units and 81% occupancy of net rentable commercial space for a 
combined occupancy of approximately 90%.
                                   14





           HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 

                CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

                              JUNE 30, 1997 

                               (UNAUDITED)


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 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. 

                                  15



                
            HISTORIC PRESERVATION PROPERTIES 1989 LIMITED PARTNERSHIP

                         PART II - OTHER INFORMATION

                              JUNE 30, 1997



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.



                                16






         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, 1997					By:	/s/ Terrence P. Sullivan	
                       							Terrence P. Sullivan,
							                       President

                     					and
				

Date:  August 1, 1997				 By:	/s/ Terrence P. Sullivan	
						                        Terrence P. Sullivan,
                        						General Partner


                               17