FORM 10-QSB-- QUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                        Quarterly or Transitional Report

                      U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

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

                 For the quarterly period ended September 30, 2000


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


                For the transition period from _________to _________

                         Commission file number 0-10304

                               ANGELES PARTNERS X

         (Exact name of small business issuer as specified in its charter)



         California                                             95-3557899
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification No.)

                          55 Beattie Place, PO Box 1089

                        Greenville, South Carolina 29602

                      (Address of principal executive offices)

                                 (864) 239-1000

                           (Issuer's telephone number)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the Partnership was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X No___


                         PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS

a)

                               ANGELES PARTNERS X

                           CONSOLIDATED BALANCE SHEET

                          (in thousands, except unit data)
                                   (Unaudited)

                               September 30, 2000
<TABLE>
<CAPTION>

Assets

<S>                                                          <C>           <C>
   Cash and cash equivalents                                               $   407
   Receivables and deposits                                                     91
   Restricted escrows                                                           76
   Other assets                                                                246
   Investment properties:
      Land                                                 $    312
      Buildings and related personal property                 9,454
                                                              9,766

      Less accumulated depreciation                          (6,971)         2,795
                                                                           $ 3,615

Liabilities and Partners' Deficit
Liabilities

   Accounts payable                                                         $   99
   Tenant security deposit liabilities                                          12
   Accrued property taxes                                                       41
   Other liabilities                                                           177
   Mortgage notes payable                                                    8,672

Partners' Deficit

   General partners                                        $   (245)
   Limited partners (18,625 units issued and
      outstanding)                                           (5,141)        (5,386)
                                                                           $ 3,615

            See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>




b)

                               ANGELES PARTNERS X

                      CONSOLIDATED STATEMENTS OF OPERATIONS

                                   (Unaudited)

                          (in thousands, except unit data)


<TABLE>
<CAPTION>

                                           Three Months Ended      Nine months Ended
                                             September 30,           September 30,
                                            2000        1999        2000        1999
Revenues:
<S>                                        <C>          <C>       <C>         <C>
  Rental income                           $   566      $  574     $ 1,711     $ 1,862
  Other income                                 44          49         148         140
  Gain on sale of investment
    property                                   --          --          --       2,673
        Total revenues                        610         623       1,859       4,675

Expenses:
  Operating                                   266         245         717         817
  General and administrative                  103          50         184         157
  Depreciation                                110         112         337         354
  Interest                                    176         178         510         599
  Property taxes                               46          47         143         162
        Total expenses                        701         632       1,891       2,089

(Loss) income before

  extraordinary item                          (91)         (9)        (32)      2,586
Extraordinary loss on early
  extinguishment of debt                       --          --          --         (66)
Net (loss) income                         $   (91)     $   (9)    $   (32)    $ 2,520

Net (loss) income allocated to
  general partner                         $    (1)     $   --     $    --     $   184
Net (loss) income allocated to
  limited partners                            (90)         (9)        (32)      2,336
                                          $   (91)     $   (9)    $   (32)    $ 2,520
Net (loss) income per limited partnership
   unit:

   (Loss) income before extraordinary
    item                                  $ (4.83)     $ (.48)    $ (1.72)    $128.96
   Extraordinary item                          --          --          --       (3.54)
 Net (loss) income                        $ (4.83)     $ (.48)    $ (1.72)    $125.42

 Distribution per limited partnership
   unit                                   $    --      $ 77.10    $ 34.52     $ 77.10


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>


c)

                                 ANGELES PARTNERS X
               CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' DEFICIT
                                   (Unaudited)

                          (in thousands, except unit data)


<TABLE>
<CAPTION>

                                      Limited
                                     Partnership     General      Limited
                                        Units        Partners    Partners     Total

<S>                                    <C>             <C>        <C>        <C>
Original capital contributions         18,714          $ 1        $18,714    $18,715

Partners' deficit at

   December 31, 1999                   18,625         $ (238)     $(4,466)   $(4,704)

Distribution to partners                   --             (7)        (643)      (650)

Net loss for the nine months
   ended September 30, 2000                --             --          (32)       (32)

Partners' deficit
   at September 30, 2000               18,625         $ (245)     $(5,141)   $(5,386)


            See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>


d)

                               ANGELES PARTNERS X

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)

                                   (in thousands)

<TABLE>
<CAPTION>

                                                                 Nine Months Ended
                                                                   September 30,

                                                                  2000         1999
Cash flows from operating activities:

<S>                                                              <C>         <C>
  Net (loss) income                                              $  (32)     $ 2,520
  Adjustments to reconcile net (loss) income to net cash
   provided by operating activities:
   Depreciation                                                     337          354
   Amortization of discounts and loan costs                          25           35
   Extraordinary loss on early extinguishment of debt                --           66
   Gain on sale of investment property                               --       (2,673)
   Change in accounts:
      Receivables and deposits                                      150           87
      Other assets                                                  (38)         (36)
      Accounts payable                                               78         (129)
      Tenant security deposit liabilities                             5          (24)
      Accrued property taxes                                         31          (60)
      Other liabilities                                              41          (77)
       Net cash provided by operating activities                    597           63

Cash flows from investing activities:

  Property improvements and replacements                           (429)        (154)
  Net withdrawals from restricted escrows                            14          288
  Proceeds from sale of investment property                          --        5,054
       Net cash (used in) provided by investing activities         (415)       5,188

Cash flows from financing activities:

  Payments on mortgage notes payable                                (83)         (86)
  Distributions to partners                                        (780)      (1,610)
  Repayment of mortgage notes payable                                --       (3,627)
  Prepayment penalty                                                 --          (39)
       Net cash used in financing activities                       (863)      (5,362)

Net decrease in cash and cash equivalents                          (681)        (111)

Cash and cash equivalents at beginning of period                  1,088        1,283

Cash and cash equivalents at end of period                       $  407      $ 1,172

Supplemental disclosure of cash flow information:

Cash paid for interest                                          $   462       $  595


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>






e)

                               ANGELES PARTNERS X

                     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

Note A - Basis of Presentation

The accompanying unaudited consolidated financial statements of Angeles Partners
X (the  "Partnership"  or  "Registrant")  have been prepared in accordance  with
generally accepted accounting  principles for interim financial  information and
with  the  instructions  to Form  10-QSB  and Item  310(b)  of  Regulation  S-B.
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 Angeles  Realty  Corporation  (the  "General  Partner"),  all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation  have been included.  Operating results for the three and nine
month periods ended  September 30, 2000, are not  necessarily  indicative of the
results that may be expected for the year ending  December 31, 2000. For further
information,  refer  to the  consolidated  financial  statements  and  footnotes
thereto included in the Partnership's  Annual Report on Form 10-KSB for the year
ended December 31, 1999.

Principles of Consolidation

The  consolidated   financial   statements  include  all  the  accounts  of  the
Partnership  and  its  99%  limited  partnership  interests  in  Cardinal  Woods
Apartments, Ltd., Carriage AP X Ltd. and Vista AP X, Ltd. The General Partner of
the  consolidated  partnerships  is Angeles Realty  Corporation.  Angeles Realty
Corporation  may  be  removed  as  the  general  partner  of  the   consolidated
partnership by the Registrant;  therefore,  the  consolidated  partnerships  are
controlled and consolidated by the Registrant. All significant  interpartnership
balances have been eliminated.

Note B - Transfer of Control

Pursuant  to a series  of  transactions  which  closed  on  October  1, 1998 and
February 26, 1999,  Insignia Financial Group, Inc. and Insignia Properties Trust
merged into Apartment  Investment and Management Company  ("AIMCO"),  a publicly
traded real estate  investment trust with AIMCO being the surviving  corporation
(the "Insignia Merger").  As a result, AIMCO acquired 100% ownership interest in
the General Partner.  The General Partner does not believe that this transaction
has had or will have a material  effect on the  affairs  and  operations  of the
Partnership.

Note C - Disposition of Investment Property

On March 1, 1999, Vista Hills Apartments, located in El Paso, Texas, was sold to
an  unaffiliated   third  party  for  $5,150,000.   After  closing  expenses  of
approximately  $96,000  the  net  proceeds  received  by  the  Partnership  were
approximately  $5,054,000.  The  Partnership  used most of the proceeds from the
sale  of  the  property  to  pay  off  the  debt  encumbering  the  property  of
approximately $3,627,000. The sale of the property resulted in a gain on sale of
investment   property  of   approximately   $2,673,000   and  a  loss  on  early
extinguishment  of debt of  approximately  $66,000  consisting  of a  prepayment
penalty and the write off of unamortized  loan costs.  Revenues from Vista Hills
Apartments  included in the accompanying  consolidated  statements of operations
were approximately $166,000 for the nine months ended September 30, 1999.


<PAGE>



Note D - Transactions with Affiliated Parties

The Partnership has no employees and is dependent on the General Partner and its
affiliates for the management and administration of all Partnership  activities.
The Partnership  Agreement  provides for (i) certain  payments to affiliates for
services and (ii)  reimbursement of certain  expenses  incurred by affiliates on
behalf of the  Partnership.  The following  payments were paid or accrued to the
General  Partner and its affiliates for the nine months ended September 30, 2000
and 1999:

                                                              2000       1999
                                                              (in thousands)
   Property management fees (included in operating
     expenses)                                                $ 92       $103
   Reimbursement of services of affiliates
     (included in operating, general and administrative
     expenses and investment properties)                       146         60
   Incentive distribution to General Partner                    --        155

During the nine months  ended  September  30, 2000 and 1999,  affiliates  of the
General  Partner  were  entitled  to  receive  5% of  gross  receipts  from  the
Registrant's   properties  for  providing  property  management  services.   The
Registrant  paid to such affiliates  approximately  $92,000 and $103,000 for the
nine months ended September 30, 2000 and 1999, respectively.

An  affiliate  of the General  Partner  received  reimbursement  of  accountable
administrative  expenses amounting to approximately $146,000 and $60,000 for the
nine months ended  September  30, 2000 and 1999,  respectively.  Included in the
expenses for the nine months ended September 30, 2000, is approximately $44,000,
in reimbursements for construction  oversight costs. No such costs were incurred
for the nine months ended September 30, 1999.

In connection with the sale of the Vista Hills Apartments,  the General Partners
were  entitled  to and were  paid an  Incentive  Distribution  of  approximately
$155,000 during the nine months ended September 30, 1999.

Pursuant  to the  Partnership  Agreement,  the  General  Partner is  entitled to
receive a distribution  equal to 4% of the aggregate  disposition  price of sold
properties.  The  Partnership  paid a  distribution  of  $154,000 to the General
Partner related to the sale of Vista Hills Apartments in 1999. This distribution
is  subordinate  to  the  limited  partners  receiving  their  original  capital
contributions  plus a  cumulative  preferred  return  of 6% per  annum  of their
adjusted capital  investment,  as defined in the Partnership  Agreement.  If the
limited   partners  have  not  received  these  returns  when  the   Partnership
terminates, the General Partner will return this amount to the Partnership.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,602 limited  partnership
units in the Partnership  representing 51.55% of the outstanding units. A number
of these  units were  acquired  pursuant  to tender  offers made by AIMCO or its
affiliates.  It is possible that AIMCO or its  affiliates  will make one or more
additional offers to acquire  additional  limited  partnership  interests in the
Partnership  for cash or in exchange for units in the operating  partnership  of
AIMCO. Under the Partnership  Agreement,  unitholders  holding a majority of the
Units are  entitled to take action with  respect to a variety of matters,  which
would  include  without   limitation,   voting  on  certain  amendments  to  the
Partnership  Agreement and voting to remove the General Partner.  As a result of
its  ownership  of 51.55% of the  outstanding  units,  AIMCO is in a position to
influence all voting decisions with respect to the Registrant.

When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner  favorable to the interest of the General  Partner  because of their
affiliation with the General Partner.

Note E - Distributions

Cash  distributions of  approximately  $780,000 were paid to the partners during
the nine months ended  September  30,  2000,  $130,000 of which was related to a
payable at December 31, 1999. The remaining $650,000 (approximately $643,000, of
which was paid to the limited partners, $34.52 per limited partnership unit) was
paid from operations. A distribution of approximately $1,610,000  (approximately
$1,436,000 to the limited partners or $77.10 per limited  partnership  unit) was
paid  from both  sales  proceeds  from the sale of Vista  Hills  Apartments  and
operations of the  Partnership  during the nine months ended September 30, 1999.
The distribution  from surplus funds included  approximately  $155,000 which was
paid to the General  Partner as an incentive  distribution  upon the sale of the
Vista Hills Apartments.

Note F - Segment Information

Description  of the types of products  and  services  from which the  reportable
segment derives its revenues:

The  Partnership  has  one  reportable  segment:   residential  properties.  The
Registrant's  residential  property segment consists of two apartment complexes,
one each located in Alabama and Michigan.  The Partnership rents apartment units
to tenants for terms that are typically twelve months or less.

Measurement of segment profit or loss:

The  Partnership  evaluates  performance  based on segment  profit (loss) before
depreciation.  The accounting policies of the reportable segment are the same as
those of the Partnership as described in the Partnership's Annual Report on Form
10-KSB for the year ended December 31, 1999.

Factors management used to identify the enterprise's reportable segment:

The  Partnership's  reportable  segment  consists of investment  properties that
offer similar products and services.  Although each of the investment properties
is  managed  separately,  they have been  aggregated  into one  segment  as they
provide services with similar types of products and customers.


<PAGE>



Segment  information  for the three and nine months ended September 30, 2000 and
1999,  is shown in the tables below.  The "Other"  column  includes  Partnership
administration  related  items and  income  and  expense  not  allocated  to the
reportable segment.

  Three Months Ended September 30, 2000    Residential     Other       Totals
                                                      (in thousands)
Rental income                                 $  566        $  --       $ 566
Other income                                      43            1          44
Interest expense                                 176           --         176
Depreciation                                     110           --         110
General and administrative expense                --          103         103
Segment profit (loss)                             11         (102)        (91)

   Nine Months Ended September 30, 2000    Residential     Other       Totals
                                                      (in thousands)
Rental income                                $ 1,711       $   --     $ 1,711
Other income                                     136           12         148
Interest expense                                 510           --         510
Depreciation                                     337           --         337
General and administrative expense                --          184         184
Segment profit (loss)                            140         (172)        (32)
Total assets                                   3,520           95       3,615
Capital expenditures for
  investment properties                          429           --          429

   Three Months Ended September 30, 1999     Residential     Other       Totals
                                                       (in thousands)
 Rental income                                 $  574        $ --        $ 574
 Other income                                      39          10           49
 Interest expense                                 178          --          178
 Depreciation                                     112          --          112
 General and administrative expense                --          50           50
 Segment profit (loss)                             31         (40)          (9)


<PAGE>




  Nine Months Ended September 30, 1999    Residential      Other       Totals
                                                      (in thousands)
Rental income                              $ 1,862        $   --      $1,862
Other income                                   101            39         140
Interest expense                               599            --         599
Depreciation                                   354            --         354
General and administrative expense              --           157         157
Gain on sale of investment property          2,673            --       2,673
Extraordinary loss on early
  extinguishment of debt                       (66)           --         (66)
Segment profit (loss)                        2,638          (118)      2,520
Total assets                                 3,925           496       4,421
Capital expenditures for
  investment properties                        154            --         154

Note G - Legal Proceedings

In March 1998, several putative unit holders of limited partnership units of the
Partnership  commenced an action  entitled  Rosalie  Nuanes,  et al. v. Insignia
Financial  Group,  Inc., et al. in the Superior Court of the State of California
for the County of San Mateo. The plaintiffs  named as defendants,  among others,
the   Partnership,   its  General  Partner  and  several  of  their   affiliated
partnerships  and corporate  entities.  The action  purports to assert claims on
behalf of a class of limited  partners and derivatively on behalf of a number of
limited  partnerships  (including  the  Partnership)  which are named as nominal
defendants,  challenging the acquisition of interests in certain general partner
entities by Insignia Financial Group, Inc. ("Insignia") and entities which were,
at one  time,  affiliates  of  Insignia;  past  tender  offers  by the  Insignia
affiliates to acquire limited  partnership units; the management of partnerships
by the  Insignia  affiliates;  and the  Insignia  Merger.  The  plaintiffs  seek
monetary damages and equitable  relief,  including  judicial  dissolution of the
Partnership.  On June 25,  1998,  the  General  Partner  filed a motion  seeking
dismissal of the action.  In lieu of  responding to the motion,  the  plaintiffs
have filed an amended  complaint.  The General  Partner  filed  demurrers to the
amended complaint which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims,  subject to final court approval,  on behalf of the Partnership
and all limited  partners  who owned  units as of November 3, 1999.  Preliminary
approval of the settlement  was obtained on November 3, 1999 from the Court,  at
which time the Court set a final approval  hearing for December 10, 1999.  Prior
to the December 10, 1999 hearing,  the Court received various  objections to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December  14,  1999,  the General  Partner  and its  affiliates  terminated  the
proposed settlement.  In February 2000, counsel for some of the named plaintiffs
filed a motion to disqualify plaintiff's lead and liaison counsel who negotiated
the settlement.  On June 27, 2000, the Court entered an order disqualifying them
from the case.  The Court is considering  applications  for lead counsel and has
currently  scheduled a hearing on the matter for November 20, 2000.  The General
Partner  does not  anticipate  that  costs  associated  with  this  case will be
material to the Partnership's overall operations.

The  Partnership is unaware of any other pending or outstanding  litigation that
is not of a routine nature arising in the ordinary course of business.


<PAGE>




ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The  matters  discussed  in this Form  10-QSB  contain  certain  forward-looking
statements  and  involve  risks and  uncertainties  (including  changing  market
conditions,   competitive  and  regulatory   matters,   etc.)  detailed  in  the
disclosures  contained  in this  Form  10-QSB  and the  other  filings  with the
Securities and Exchange Commission made by the Registrant from time to time. The
discussions of the  Registrant's  business and results of operations,  including
forward-looking  statements  pertaining  to such  matters,  does not  take  into
account the effects of any changes to the  Registrant's  business and results of
operation.  Accordingly,  actual  results  could  differ  materially  from those
projected in the forward-looking  statements as a result of a number of factors,
including those identified herein.

The Partnership's  investment properties consist of two apartment complexes. The
following table sets forth the average occupancy of the Partnership's properties
for the nine months ended September 30, 2000 and 1999:

                                                   Average Occupancy

      Property                                      2000       1999
      Greentree Apartments                          98%        99%
        Mobile, Alabama

      Carriage Hills Apartments                     93%        94%
        East Lansing, Michigan

Results of Operations

The  Registrant's  net losses for the three and nine months ended  September 30,
2000 were approximately $91,000 and $32,000,  respectively, as compared to a net
loss of approximately $9,000 and net income of approximately  $2,520,000 for the
three and nine months ended  September 30, 1999,  respectively.  The decrease in
net  income  for  the  nine  months  ended   September  30,  2000  is  primarily
attributable to a decrease in total revenues  resulting from the gain on sale of
investment  property  recognized  during  1999  from  the  sale  of  Vista  Hill
Apartments.  The gain  recognized  in 1999 was  partially  offset by the loss on
early extinguishment of debt recognized upon the sale of the property.  On March
1, 1999,  Vista  Hills  Apartments,  located in El Paso,  Texas,  was sold to an
unaffiliated third party for $5,150,000. After closing expenses of approximately
$96,000,  the  net  proceeds  received  by the  Partnership  were  approximately
$5,054,000.  The  Partnership  used  most of the  proceeds  from the sale of the
property  to  pay  off  the  debt  encumbering  the  property  of  approximately
$3,627,000.  The sale of the property  resulted in a gain on sale of  investment
property of approximately  $2,673,000 and a loss on early extinguishment of debt
of approximately $66,000 consisting of a prepayment penalty and the write-off of
unamortized loan costs.

Excluding the impact of the sale of Vista Hills  Apartments  and the  property's
operating  results  for  1999,  there was a net loss for the nine  months  ended
September  30,  2000  of  approximately   $32,000  compared  to  net  income  of
approximately  $28,000 for the  comparable  period in 1999. For the three months
ended September 30, 2000 there was a net loss of approximately  $91,000 compared
to a net loss of approximately  $9,000 for the same period in 1999. The decrease
in net income for the three and nine months ended  September  30, 2000 is due to
an increase in total expenses which was partially offset by an increase in total
revenues.


<PAGE>



Excluding the impact of the sale of Vista Hills, total expenses increased due to
increases in operating,  depreciation and general and  administrative  expenses,
partially offset by a decrease in interest expense. Operating expenses increased
due  primarily  to  increased  payroll  expenses  primarily  at  Carriage  Hills
Apartments and increased tax service expense at Greentree Apartments,  partially
offset by reduced maintenance expenses at both of the Partnership's  properties.
Depreciation  expenses  increased due to property  improvements and replacements
completed  during the past twelve  months.  General and  administrative  expense
increased due primarily to an increase in the costs of services  provided by the
General  Partners and its affiliates,  increased state tax expense and increased
professional fees associated with managing the partnership. These increases were
partially  offset by reduced  legal  expenses as a result of the  settlement  of
outstanding litigation cases during 1999. Included in general and administrative
expenses at both  September 30, 2000 and 1999 are management  reimbursements  to
the General Partner allowed under the Partnership Agreement. In addition,  costs
associated  with the  quarterly  and annual  communications  with  investors and
regulatory  agencies and the annual audit required by the Partnership  Agreement
are  also  included.  Interest  expense  decreased  due to  scheduled  principal
payments,  which  reduced  the  carrying  balance  of the debt  encumbering  the
properties.

Total revenues increased due primarily to increased other income.  Rental income
remained  constant  as  decreases  in  occupancy  at both  of the  Partnership's
properties  were offset by  increases  in average  rental  rates.  Other  income
increased due to increased cable television and local telephone  revenue at both
of the Partnership's  properties and increased lease cancellation fees primarily
at  Greentree  Apartments.  These  increases  were  partially  offset by reduced
interest income due to lower cash balances in interest bearing accounts.

As part of the ongoing  business plan of the  Partnership,  the General  Partner
monitors the rental market  environment of each of its investment  properties to
assess the feasibility of increasing rents,  maintaining or increasing occupancy
levels and protecting  the  Partnership  from increases in expenses.  As part of
this plan,  the General  Partner  attempts to protect the  Partnership  from the
burden of  inflation-related  increases  in  expenses  by  increasing  rents and
maintaining a high overall  occupancy  level.  However,  due to changing  market
conditions,  which  can  result  in the use of  rental  concessions  and  rental
reductions to offset softening market conditions, there is no guarantee that the
General Partner will be able to sustain such a plan.

Liquidity and Capital Resources

At  September  30,  2000,  the  Partnership  had cash and  cash  equivalents  of
approximately  $407,000,  compared to approximately  $1,172,000 at September 30,
1999. The decrease in cash and cash  equivalents of  approximately  $681,000 for
the nine months ended September 30, 2000, from the  Partnership's  calendar year
end, is due to approximately  $863,000 of cash used in financing  activities and
approximately $415,000 of cash used in investing activities, which was partially
offset by approximately $597,000 of cash provided by operating activities.  Cash
used in financing activities consisted of distributions to partners and payments
of principal made on the mortgages encumbering the Registrant's properties. Cash
used  in   investing   activities   consisted  of  property   improvements   and
replacements, which was partially offset by net withdrawals from escrow accounts
maintained by the mortgage lender.  The Partnership  invests its working capital
reserves in money market accounts.


<PAGE>



The sufficiency of existing  liquid assets to meet future  liquidity and capital
expenditure   requirements   is  directly   related  to  the  level  of  capital
expenditures  required at the investment  properties to adequately  maintain the
physical  assets and other  operating needs of the Registrant and to comply with
Federal, state, local, legal and regulatory  requirements.  Capital improvements
planned for the Partnership's properties are detailed below.

Greentree  Apartments:  For  2000 the  Partnership  has  budgeted  approximately
$149,000  for  capital   improvements,   consisting  primarily  of  parking  lot
improvements,  pool upgrades,  appliances, major landscaping,  roof replacements
and floor covering replacement. The Partnership completed approximately $121,000
in capital  expenditures  at  Greentree  Apartments  as of  September  30, 2000,
consisting primarily of major landscaping,  floor covering replacement,  parking
lot upgrades, and other interior building improvements.  These improvements were
funded primarily from operations.

Carriage Hills  Apartments:  For 2000 the  Partnership  had originally  budgeted
approximately  $43,000 for capital  improvements,  consisting primarily of floor
covering   replacement,   major   landscaping,   and  other  interior   building
improvements.  During the second quarter,  the budget was modified to include an
additional $495,000 for structural building improvements that needed to be made.
The  Partnership  completed  approximately  $308,000 in capital  expenditures at
Carriage  Hills  Apartments  as of September 30, 2000,  consisting  primarily of
structural building improvements,  floor covering,  lighting  replacements,  and
appliances.  These  improvements  were funded from  operations  and  replacement
reserves.

The additional  capital  expenditures will be incurred only if cash is available
from  operations  and  Partnership  reserves.  To the extent that such  budgeted
capital improvements are completed, the Registrant's distributable cash flow, if
any, may be adversely affected at least in the short term.

The  Registrant's  current assets are thought to be sufficient for any near-term
needs  (exclusive  of capital  improvements)  of the  Registrant.  The  mortgage
indebtedness of approximately $8,672,000,  net of discount, matures October 2003
and December  2004 with balloon  payments due at maturity.  The General  Partner
will attempt to refinance such indebtedness  and/or sell the properties prior to
such  maturity  dates.  If the  properties  cannot be  refinanced  or sold for a
sufficient  amount,  the  Registrant  will risk losing such  properties  through
foreclosure.

Cash  distributions of  approximately  $780,000 were paid to the partners during
the nine months ended  September  30,  2000,  $130,000 of which was related to a
payable at December 31, 1999. The remaining $650,000 (approximately $643,000, of
which was paid to the limited partners, $34.52 per limited partnership unit) was
paid from operations. A distribution of approximately $1,610,000  (approximately
$1,436,000 to the limited partners or $77.10 per limited  partnership  unit) was
paid  from both  sales  proceeds  from the sale of Vista  Hills  Apartments  and
operations of the  Partnership  during the nine months ended September 30, 1999.
The distribution  from surplus funds included  approximately  $155,000 which was
paid to the General  Partner as an incentive  distribution  upon the sale of the
Vista Hills Apartments.  The Partnership's  distribution policy is reviewed on a
quarterly basis. Future cash distributions will depend on the levels of net cash
generated from operations,  the availability of cash reserves, and the timing of
the  debt  maturities,  refinancings  and/or  property  sales.  There  can be no
assurance,  however,  that the Partnership  will generate  sufficient funds from
operations,  after  required  capital  improvement  expenditures,  to permit any
additional distributions to its partners for the remainder of 2000 or subsequent
periods.  Distributions  may be  restricted by the  requirements  to deposit net
operating  income (as defined in the  mortgage  note) into the  Reserve  Account
until the  Reserve  Account  is  funded  in an amount  equal to $200 to $400 per
apartment unit for Greentree Apartments for a total of $35,600 to $71,200. As of
September 30, 2000, the Partnership has deposits of approximately $71,000 in the
reserve account.


<PAGE>


                           PART II - OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

In March 1998, several putative unit holders of limited partnership units of the
Partnership  commenced an action  entitled  Rosalie  Nuanes,  et al. v. Insignia
Financial  Group,  Inc., et al. in the Superior Court of the State of California
for the County of San Mateo. The plaintiffs  named as defendants,  among others,
the   Partnership,   its  General  Partner  and  several  of  their   affiliated
partnerships  and corporate  entities.  The action  purports to assert claims on
behalf of a class of limited  partners and derivatively on behalf of a number of
limited  partnerships  (including  the  Partnership)  which are named as nominal
defendants,  challenging the acquisition of interests in certain general partner
entities by Insignia Financial Group, Inc. ("Insignia") and entities which were,
at one  time,  affiliates  of  Insignia;  past  tender  offers  by the  Insignia
affiliates to acquire limited  partnership units; the management of partnerships
by the  Insignia  affiliates;  and the  Insignia  Merger.  The  plaintiffs  seek
monetary damages and equitable  relief,  including  judicial  dissolution of the
Partnership.  On June 25,  1998,  the  General  Partner  filed a motion  seeking
dismissal of the action.  In lieu of  responding to the motion,  the  plaintiffs
have filed an amended  complaint.  The General  Partner  filed  demurrers to the
amended complaint which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims,  subject to final court approval,  on behalf of the Partnership
and all limited  partners  who owned  units as of November 3, 1999.  Preliminary
approval of the settlement  was obtained on November 3, 1999 from the Court,  at
which time the Court set a final approval  hearing for December 10, 1999.  Prior
to the December 10, 1999 hearing,  the Court received various  objections to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December  14,  1999,  the General  Partner  and its  affiliates  terminated  the
proposed settlement.  In February 2000, counsel for some of the named plaintiffs
filed a motion to disqualify plaintiff's lead and liaison counsel who negotiated
the settlement.  On June 27, 2000, the Court entered an order disqualifying them
from the case.  The Court is considering  applications  for lead counsel and has
currently  scheduled a hearing on the matter for November 20, 2000.  The General
Partner  does not  anticipate  that  costs  associated  with  this  case will be
material to the Partnership's overall operations.


<PAGE>



ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            a)    Exhibits:

                  Exhibit 27, Financial Data Schedule, is attached as an exhibit
                  to this report.

            b)    Reports on Form 8-K:

                  None filed during the quarter ended September 30, 2000.


<PAGE>



                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                    ANGELES PARTNERS X


                                    By:   Angeles Realty Corporation
                                          Its General Partner

                                    By:   /s/Patrick J. Foye
                                          Patrick J. Foye
                                          Executive Vice President

                                    By:   /s/Martha L. Long
                                          Martha L. Long
                                          Senior Vice President and
                                          Controller

                                    Date: November 14, 2000