UNITED STATES
                       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, 2003


[ ] 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 Registrant 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)


                         PART I - FINANCIAL INFORMATION



ITEM 1.     FINANCIAL STATEMENTS



                               ANGELES PARTNERS X
                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)
                        (in thousands, except unit data)

                               September 30, 2003

<TABLE>
<CAPTION>


Assets
<S>                                                                       <C>
   Cash and cash equivalents                                              $    590
   Receivables and deposits                                                     69
   Restricted escrow                                                            40
   Other assets                                                                 56
   Investment property:
      Land                                                     $ 101
      Buildings and related personal property                    5,821
                                                                5,922
      Less accumulated depreciation                             (4,211)      1,711
                                                                          $  2,466

Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                       $     50
   Tenant security deposit liabilities                                          17
   Accrued property taxes                                                       28
   Other liabilities                                                           213
   Mortgage note payable                                                     5,049

Partners' Deficit
   General partners                                           $ (221)
   Limited partners (18,625 units issued and
      outstanding)                                             (2,670)      (2,891)
                                                                          $  2,466


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>


                               ANGELES PARTNERS X
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
                      (in thousands, except per unit data)

<TABLE>
<CAPTION>

                                                Three Months Ended     Nine Months Ended
                                                  September 30,          September 30,
                                                 2003       2002        2003       2002
                                                         (Restated)             (Restated)
Revenues:
<S>                                             <C>         <C>        <C>        <C>
  Rental income                                 $ 307       $ 335      $ 999      $ 1,043
  Other income                                      49          25         97          70
     Total revenues                                356         360      1,096       1,113

Expenses:
  Operating                                        138         130        390         355
  General and administrative                        29          51        109         161
  Depreciation                                      79          72        243         226
  Interest                                          98          99        297         301
  Property taxes                                    40          37        126         116
     Total expenses                                384         389      1,165       1,159

Loss from continuing operations                    (28)        (29)       (69)        (46)
(Loss) income from discontinued
  operations                                       (50)         22        (51)         23
Gain from sale of discontinued
  operations (Note C)                            4,188          --      4,188          --
Net income (loss)                              $ 4,110      $ (7)     $ 4,068      $ (23)

Net income (loss) allocated to general
  partners                                      $ 249       $ --       $ 249       $ --
Net income (loss) allocated to limited
  partners                                       3,861          (7)     3,819         (23)

                                               $ 4,110      $ (7)     $ 4,068      $ (23)
Per limited partnership unit:
Loss from continuing operations                $ (1.51)    $ (1.56)   $ (3.65)    $ (2.46)
(Loss) income from discontinued
  operations                                     (2.63)       1.18      (2.74)       1.23
Gain from sale of discontinued operations       211.44          --     211.44          --
Net income (loss)                              $207.30     $ (0.38)   $205.05     $ (1.23)
Distributions per limited partnership unit     $ 59.55      $ --      $ 62.23      $ --


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>



<PAGE>




                                 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, 2002                   18,625         $ (248)    $(5,330)    $(5,578)

Distributions to partners                  --           (222)     (1,159)     (1,381)

Net income for the nine months
   ended September 30, 2003                --            249       3,819        4,068

Partners' deficit
   at September 30, 2003               18,625        $ (221)     $(2,670)     $(2,891)

            See Accompanying Notes to Consolidated Financial Statements
</TABLE>

<PAGE>


                               ANGELES PARTNERS X
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (in thousands)
<TABLE>
<CAPTION>

                                                                 Nine Months Ended
                                                                   September 30,
                                                                  2003         2002
Cash flows from operating activities:
<S>                                                             <C>           <C>
  Net income (loss)                                             $ 4,068       $ (23)
  Adjustments to reconcile net income (loss) to net cash
   provided by operating activities:
   Gain from sale of discontinued operations                     (4,188)         --
   Depreciation                                                     375          381
   Amortization of discounts and loan costs                          31           32
   Bad debt expense                                                  84           49
   Loss on early extinguishment of debt                               5           --
   Change in accounts:
      Receivables and deposits                                     (123)         (51)
      Other assets                                                  (25)         (57)
      Accounts payable                                              (19)         (48)
      Tenant security deposit liabilities                           (20)          12
      Accrued property taxes                                        (45)          38
      Due to affiliates                                              49           (2)
      Other liabilities                                              24           69
       Net cash provided by operating activities                    216          400
Cash flows from investing activities:
  Proceeds from sale of discontinued operations                   5,133           --
  Property improvements and replacements                            (81)        (127)
  Net withdrawals from restricted escrows                            46            1
       Net cash provided by (used in) investing activities        5,098         (126)
Cash flows from financing activities:
  Repayment of mortgage notes payable                            (3,260)          --
  Payments on mortgage notes payable                                (96)        (100)
  Payments on advances from General Partner                         (98)        (137)
  Distributions to partners                                      (1,381)          --
       Net cash used in financing activities                     (4,835)        (237)

Net increase in cash and cash equivalents                           479           37

Cash and cash equivalents at beginning of period                    111           84

Cash and cash equivalents at end of period                       $ 590        $ 121

Supplemental disclosure of cash flow information:
Cash paid for interest                                           $ 456        $ 487
Supplemental disclosure of non-cash activity:
  Property improvements and replacements in accounts
   payable                                                        $ --        $ 174

At  September  30, 2003,  gain from sale of  discontinued  operations  and other
liabilities were adjusted by approximately $100,000 for non-cash activity.


            See Accompanying Notes to Consolidated Financial Statements
</TABLE>

<PAGE>


                               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.
The general partner responsible for management of the Partnership's  business is
Angeles Realty  Corporation (the "General  Partner" or "ARC"). In the opinion of
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, 2003 are not
necessarily  indicative  of the results that may be expected for the year ending
December 31, 2003. 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,  2002.  The  General  Partner is a
wholly  owned  subsidiary  of  Apartment   Investment  and  Management   Company
("AIMCO"), a publicly traded real estate investment trust.

Effective  January 1, 2002,  the  Partnership  adopted  Statement  of  Financial
Accounting  Standards  ("SFAS")  No.  144,  "Accounting  for the  Impairment  or
Disposal of Long-Lived  Assets",  which  established  standards for the way that
business  enterprises report information about long-lived assets that are either
being held for sale or have already been disposed of by sale or other means. The
standard  requires  that results of  operations  for a long-lived  asset that is
being held for sale or has already been disposed of be reported as  discontinued
operations  on the  statement  of  operations.  As a  result,  the  accompanying
consolidated  statements  of operations as of January 1, 2002 have been restated
to reflect the  operations  of Greentree  Apartments,  which was sold August 19,
2003, as (loss) income from discontinued operations.

Note B - 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.

Affiliates of the General  Partner are entitled to receive 5% of gross  receipts
from  the  Partnership's  properties  as  compensation  for  providing  property
management  services.  The  Partnership  paid to such  affiliates  approximately
$81,000  and  $97,000 for the nine  months  ended  September  30, 2003 and 2002,
respectively, which is included in operating expenses and loss from discontinued
operations.

An  affiliate  of the General  Partner  received  reimbursement  of  accountable
administrative  expenses amounting to approximately $51,000 and $128,000 for the
nine months ended September 30, 2003 and 2002,  respectively.  These amounts are
included  in  general  and  administrative  expenses  and  investment  property.
Included in these amounts are fees related to construction  management  services
provided by an affiliate of the General Partner of approximately $32,000 for the
nine months ended  September 30, 2002.  There were no such fees incurred for the
nine months ended September 30, 2003. The construction  management  service fees
are  calculated  based  on a  percentage  of  current  additions  to  investment
property.

In accordance  with the  Partnership  Agreement,  the General Partner loaned the
Partnership  funds to cover capital  improvements  at Greentree  Apartments  and
Carriage  Hills  Apartments.  Interest  was  charged  at the prime rate plus 2%.
Interest expense was  approximately  $1,000 and $2,000 for the nine months ended
September  30,  2003  and  2002,  respectively.  During  the nine  months  ended
September  30,  2003 and  2002,  the  Partnership  made  principal  payments  of
approximately  $98,000 and  $137,000,  respectively,  and  interest  payments of
approximately  $2,000 and $4,000,  respectively,  to the General Partner.  There
were no outstanding loans or associated accrued interest at September 30, 2003.

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 approximately $210,000 to the
General  Partner  related to the sale of  Greentree  Apartments  during the nine
months  ended  September  30,  2003.  The  Partnership  paid a  distribution  of
approximately  $154,000,  to the  General  Partner  related to the sale of Vista
Hills  Apartments in 1999.  These  distributions  are 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
these amounts to the Partnership.

The Partnership  Agreement provides for a fee equal to 5% of "net cash flow from
operations",  as defined in the Partnership Agreement, to be paid to the General
Partner for executive and administration services. The Partnership accrued a fee
of approximately  $4,000 and $8,000 for the nine months ended September 30, 2003
and 2002,  respectively,  which is included in other liabilities and general and
administrative  expenses.  At  September  30,  2003,  the total fee  accrued was
approximately  $4,000. This fee is subordinate to the limited partners receiving
a cumulative  return of 5% per annum of their adjusted  capital  investment,  as
defined in the Partnership Agreement.

The  Partnership  insures its  property up to certain  limits  through  coverage
provided by AIMCO which is  generally  self-insured  for a portion of losses and
liabilities  related to workers  compensation,  property  casualty  and  vehicle
liability.  The Partnership  insures its property above the AIMCO limits through
insurance policies obtained by AIMCO from insurers unaffiliated with the General
Partner.  During  the  nine  months  ended  September  30,  2003 and  2002,  the
Partnership  was charged by AIMCO and its affiliates  approximately  $33,000 and
$40,000,  respectively,  for insurance  coverage and fees associated with policy
claims administration.

Note C - Disposition of Investment Property

On August 19, 2003, the  Partnership  sold Greentree  Apartments to an unrelated
third party for a gross sale price of $5,250,000.  The net proceeds  realized by
the Partnership  were  approximately  $5,133,000 after payment of closing costs.
The Partnership used  approximately  $3,260,000 of the net proceeds to repay the
mortgages  encumbering  the property.  As a result of the sale, the  Partnership
realized a gain of approximately  $4,188,000 for the three and nine months ended
September  30,  2003,  and  this  amount  is  included  in  gain  from  sale  of
discontinued   operations  on  the  accompanying   consolidated   statements  of
operations. The property's operations, loss of approximately $50,000 and $51,000
for  the  three  months  ended  September  30,  2003  and  2002  and  income  of
approximately  $22,000 and $23,000 for the nine months ended  September 30, 2003
and  2002,  respectively,  including  revenues  of  approximately  $125,000  and
$611,000 for the three and nine months ended  September 30, 2003,  respectively,
and approximately  $268,000 and $774,000,  respectively,  for the three and nine
months ended September 30, 2002 are included in (loss) income from  discontinued
operations  on  the  accompanying  consolidated  statements  of  operations.  In
addition,  the Partnership  recorded a loss on early  extinguishment  of debt of
approximately  $5,000 for the three and nine months ended September 30, 2003 due
to the write off of unamortized loan costs and discounts, which is also included
in (loss) income from discontinued  operations on the accompanying  consolidated
statements of operations.

Note D - Casualty Event

On June 29, 2003, there was a fire at Carriage Hills Apartments,  causing damage
to six  units.  The  Partnership  expects  that the  damages  will be covered by
insurance proceeds.

Note E - 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. (the "Nuanes action") 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 purported to
assert  claims on behalf of a class of  limited  partners  and  derivatively  on
behalf of a number of limited partnerships  (including the Partnership) that are
named as nominal defendants, challenging, among other things, the acquisition of
interests in certain General Partner entities by Insignia  Financial Group, Inc.
("Insignia") and entities that were, at one time,  affiliates of Insignia;  past
tender offers by the Insignia  affiliates to acquire limited  partnership units;
management of the  partnerships  by the Insignia  affiliates;  and the series of
transactions  which  closed on October 1, 1998 and  February  26,  1999  whereby
Insignia and Insignia  Properties Trust,  respectively,  were merged into AIMCO.
The plaintiffs sought monetary damages and equitable relief,  including judicial
dissolution of the Partnership. In addition, during the third quarter of 2001, a
complaint (the "Heller  action") was filed against the same  defendants that are
named in the Nuanes action,  captioned Heller v. Insignia Financial Group. On or
about August 6, 2001,  plaintiffs  filed a first amended  complaint.  The Heller
action was brought as a purported  derivative  action,  and asserted claims for,
among other things,  breach of fiduciary duty, unfair  competition,  conversion,
unjust enrichment, and judicial dissolution.

On January 8, 2003,  the parties filed a  Stipulation  of Settlement in proposed
settlement of the Nuanes action and the Heller action.

In general  terms,  the  proposed  settlement  provides  for  certification  for
settlement  purposes of a settlement class consisting of all limited partners in
this  Partnership and others (the  "Partnerships")  as of December 20, 2002, the
dismissal  with  prejudice  and  release  of claims  in the  Nuanes  and  Heller
litigation,  payment by AIMCO of $9.9  million  (which shall be  distributed  to
settlement  class  members  after  deduction of attorney fees and costs of class
counsel and certain costs of settlement) and up to $1 million toward the cost of
independent  appraisals of the  Partnerships'  properties  by a Court  appointed
appraiser.  An affiliate of the General Partner has also agreed to make at least
one round of tender offers to purchase all of the  partnership  interests in the
Partnerships within one year of final approval, if it is granted, and to provide
partners  with the  independent  appraisals  at the time of these  tenders.  The
proposed  settlement  also provided for the  limitation  of the allowable  costs
which the General  Partner or its  affiliates  will charge the  Partnerships  in
connection with this litigation and imposes limits on the class counsel fees and
costs in this litigation.  On April 11, 2003,  notice was distributed to limited
partners providing the details of the proposed settlement.

On June 13, 2003, the Court granted final approval of the settlement and entered
judgment in both the Nuanes and Heller actions.  On August 12, 2003, an objector
filed an appeal  seeking  to vacate  and/or  reverse  the  order  approving  the
settlement and entering judgment thereto.  The General Partner intends to file a
respondent's  brief in support of the order  approving  settlement  and entering
judgment thereto.

The  General  Partner  does not  anticipate  that any costs to the  Partnership,
whether legal or settlement costs,  associated with these cases will be material
to the Partnership's overall operations.

On August 8, 2003 AIMCO  Properties  L.P., an affiliate of the General  Partner,
was served with a Complaint in the United  States  District  Court,  District of
Columbia alleging that AIMCO Properties L.P.  willfully  violated the Fair Labor
Standards  Act (FLSA) by failing to pay  maintenance  workers  overtime  for all
hours  worked  in  excess  of forty  per  week.  The  Complaint  is  styled as a
Collective  Action  under  the FLSA and seeks to  certify  state  subclasses  in
California, Maryland, and the District of Columbia. Specifically, the plaintiffs
contend that AIMCO Properties L.P. failed to compensate  maintenance workers for
time  that they were  required  to be  "on-call".  Additionally,  the  Complaint
alleges AIMCO  Properties  L.P.  failed to comply with the FLSA in  compensating
maintenance  workers  for time that they  worked in  responding  to a call while
"on-call".  The  Complaint  also  attempts  to certify a subclass  for  salaried
service  directors who are challenging  their  classification as exempt from the
overtime  provisions of the FLSA.  AIMCO  Properties L.P. has filed an answer to
the Complaint denying the substantive  allegations.  Although the outcome of any
litigation is uncertain,  in the opinion of the General  Partner the claims will
not result in any material liability to the Partnership.

The  Partnership  is unaware  of any other  pending  or  outstanding  litigation
matters involving it or its investment property that are 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 report contain certain forward-looking statements,
including, without limitation, statements regarding future financial performance
and the effect of government  regulations.  Actual results may differ materially
from those described in the forward-looking statements and will be affected by a
variety of risks and factors including,  without limitation:  national and local
economic  conditions;  the terms of  governmental  regulations  that  affect the
Registrant and interpretations of those regulations; the competitive environment
in which the Registrant operates;  financing risks, including the risk that cash
flows from operations may be insufficient to meet required payments of principal
and interest;  real estate risks, including variations of real estate values and
the general  economic  climate in local markets and  competition  for tenants in
such markets;  litigation,  including  costs  associated  with  prosecuting  and
defending  claims  and  any  adverse   outcomes,   and  possible   environmental
liabilities.   Readers  should  carefully  review  the  Registrant's   financial
statements and the notes thereto,  as well as the risk factors  described in the
documents  the  Registrant  files  from  time to time  with the  Securities  and
Exchange Commission.

The Partnership's  investment  property consists of one apartment  complex.  The
following table sets forth the average occupancy of the  Partnership's  property
for the nine months ended September 30, 2003 and 2002:

                                                   Average Occupancy
      Property                                      2003       2002

      Carriage Hills Apartments                     94%        92%
        East Lansing, Michigan

Results of Operations

The  Partnership's  net income for the three and nine months ended September 30,
2003 was approximately $4,110,000 and $4,068,000,  respectively,  as compared to
net loss of approximately $7,000 and $23,000 for the three and nine months ended
September 30, 2002, respectively.  The increase in net income for both the three
and nine months ended September 30, 2003 is due to an increase in gain from sale
of discontinued  operations.  On August 19, 2003, the Partnership sold Greentree
Apartments to an unrelated third party for a gross sale price of $5,250,000. The
net proceeds  realized by the Partnership  were  approximately  $5,133,000 after
payment of closing costs. The Partnership used  approximately  $3,260,000 of the
net proceeds to repay the mortgages encumbering the property. As a result of the
sale, the Partnership realized a gain of approximately  $4,188,000 for the three
and nine months ended  September  30, 2003,  and this amount is included in gain
from sale of discontinued operations on the accompanying consolidated statements
of operations.  The property's  operations,  loss of  approximately  $50,000 and
$51,000 for the three  months  ended  September  30, 2003 and 2002 and income of
approximately  $22,000 and $23,000 for the nine months ended  September 30, 2003
and  2002,  respectively,  including  revenues  of  approximately  $125,000  and
$611,000 for the three and nine months ended  September 30, 2003,  respectively,
and approximately  $268,000 and $774,000,  respectively,  for the three and nine
months ended September 30, 2002 are included in (loss) income from  discontinued
operations  on  the  accompanying  consolidated  statements  of  operations.  In
addition,  the Partnership  recorded a loss on early  extinguishment  of debt of
approximately  $5,000 for the three and nine months ended September 30, 2003 due
to the write off of unamortized loan costs and discounts, which is also included
in (loss) income from discontinued  operations on the accompanying  consolidated
statements of operations.

The Partnership's loss from continuing  operations was approximately $28,000 and
$69,000 for the three and nine months ended  September  30, 2003,  respectively,
compared to approximately $29,000 and $46,000,  respectively,  for the three and
nine months ended September 30, 2002. Loss from continuing  operations  remained
relatively  constant for the three months ended September 30, 2003. The increase
in loss from continuing  operations for the nine months ended September 30, 2003
is  primarily  due to a decrease  in total  revenues.  Total  expenses  remained
relatively  constant for the nine months ended  September 30, 2003. The decrease
in total  revenues  for the nine  months  ended  September  30, 2003 is due to a
decrease in rental income,  partially offset by an increase in other income. The
decrease in rental income is primarily  due to a decrease in the average  rental
rate and an increase in bad debt  expense,  partially  offset by the increase in
occupancy  at  Carriage  Hills  Apartments.  The  increase  in other  income  is
primarily  due to increases in lease  cancellation  fees and late charges at the
property.

Total expenses remained  relatively  constant for both periods,  as increases in
operating,  depreciation, and property tax expenses were offset by a decrease in
general  and  administrative  expenses.  Interest  expense  remained  relatively
constant for the  comparable  periods.  The  increase in  operating  expenses is
primarily due to increases in snow removal and contract  maintenance  expense at
Carriage  Hills  Apartments.  The  increase  in  depreciation  expense is due to
property  improvements  and  replacements  placed into  service at the  property
during the past twelve months. The increase in property tax expense is due to an
increase in the  assessed  value at the  property.  General  and  administrative
expenses   decreased   for  both  periods  due  to  a  decrease  in   management
reimbursements   to  the  General  Partner  as  allowed  under  the  Partnership
Agreement.  Also included in general and  administrative  expenses for the three
and nine months ended September 30, 2003 and 2002 are costs  associated with the
quarterly and annual  communications  with investors and regulatory agencies and
the annual audit required by the Partnership Agreement.

As part of the ongoing  business plan of the  Partnership,  the General  Partner
monitors the rental market environment of its investment  property 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,  the  General  Partner may use rental
concessions and rental rate reductions to offset  softening  market  conditions,
accordingly,  there is no  guarantee  that the General  Partner  will be able to
sustain such a plan.

Liquidity and Capital Resources

At  September  30,  2003,  the  Partnership  had cash and  cash  equivalents  of
approximately  $590,000,  compared to  approximately  $121,000 at September  30,
2002. The increase in cash and cash  equivalents of  approximately  $479,000 for
the nine months  ended  September  30,  2003,  from  December 31, 2002 is due to
approximately   $5,098,000  of  cash  provided  by  investing   activities   and
approximately  $216,000 of cash  provided  by  operating  activities,  partially
offset by approximately  $4,835,000 of cash used in financing  activities.  Cash
provided by investing  activities  consisted of net proceeds  received  from the
sale of Greentree Apartments and net receipts from escrow accounts maintained by
the mortgage lender, partially offset by property improvements and replacements.
Cash used in financing  activities  consisted  of the  repayment of the mortgage
encumbering  Greentree  Apartments,   distributions  to  partners,  payments  of
principal made on the mortgages  encumbering the Partnership's  properties,  and
payments  on advances  from the General  Partner.  The  Partnership  invests its
working capital reserves in interest bearing accounts.

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 Partnership and to comply with
Federal, state and local legal and regulatory requirements.  The General Partner
monitors  developments  in the area of legal and  regulatory  compliance  and is
studying  new  federal  laws,  including  the  Sarbanes-Oxley  Act of 2002.  The
Sarbanes-Oxley Act of 2002 mandates or suggests  additional  compliance measures
with regard to governance,  disclosure, audit and other areas. In light of these
changes,  the Partnership  expects that it will incur higher expenses related to
compliance,  including  increased  legal and audit  fees.  Capital  improvements
planned for the Partnership's properties are detailed below.

Greentree  Apartments:  During the nine months ended  September  30,  2003,  the
Partnership completed approximately $40,000 of capital improvements at Greentree
Apartments,   consisting   primarily  of  floor  covering   replacement.   These
improvements  were  funded  from  operations  and  replacement   reserves.   The
Partnership  sold Greentree  Apartments on August 19, 2003 to an unrelated third
party.

Carriage Hills Apartments:  During the nine months ended September 30, 2003, the
Partnership completed  approximately $41,000 of capital improvements at Carriage
Hills Apartments,  consisting  primarily of security upgrades and floor covering
replacement.  These  improvements  were funded from  operations and  replacement
reserves.  The  Partnership  evaluates  the  capital  improvement  needs  of the
property during the year and currently expects to complete an additional $10,000
in capital  improvements  during the remainder of 2003. The  additional  capital
improvements  will consist primarily of floor covering  replacement.  Additional
capital improvements may be considered and will depend on the physical condition
of the property as well as the  anticipated  cash flow generated by the property
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 Partnership's  distributable cash flow,
if any, may be adversely affected at least in the short term.

The  Registrant's  assets are thought to be sufficient  for any near-term  needs
(exclusive of capital improvements) of the Registrant. The mortgage indebtedness
encumbering  Carriage Hills  Apartments of approximately  $5,049,000  matures in
December  2004  with  a  balloon  payment  of  approximately  $4,958,000  due at
maturity. The General Partner will attempt to refinance such indebtedness and/or
sell the  property  prior to such  maturity  date.  If the  property  cannot  be
refinanced or sold for a sufficient  amount, the Registrant will risk losing the
property through foreclosure.

The Partnership  distributed the following  amounts during the nine months ended
September 30, 2003 and 2002 (in thousands, except per unit data):

<TABLE>
<CAPTION>

                     Nine Months Ended  Per Limited   Nine Months Ended   Per Limited
                       September 30,    Partnership     September 30,     Partnership
                           2003             Unit            2002             Unit

<S>                      <C>               <C>            <C>               <C>
Operations               $   50            $  2.68        $   --            $    --
Sale proceeds (1)         1,331              59.55            --                 --
Total                    $1,381            $ 62.23        $   --            $    --
</TABLE>

(1) From the sale of Greentree Apartments on August 19, 2003.

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
maturity,  refinancing,  and/or property sale. The Partnership's  cash available
for  distribution  is reviewed on a monthly  basis.  There can be no  assurance,
however,  that the Partnership  will generate  sufficient funds from operations,
after required capital expenditures,  to permit any additional  distributions to
its partners in 2003 or subsequent periods.

<PAGE>

Other

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  owned 11,009 limited  partnership  units
(the "Units") in the Partnership representing 59.11% of the outstanding Units at
September  30,  2003. 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 acquire  additional  Units in exchange for cash or a combination
of cash and units in AIMCO  Properties  L.P.,  or the operating  partnership  of
AIMCO,  either through private  purchases or tender offers.  In this regard,  on
November 10, 2003, AIMCO  Properties  L.P.,  commenced a tender offer to acquire
7,616  Units for a  purchase  price of $68.94 per Unit.  Such  offer  expires on
December 10, 2003. Pursuant to the Partnership Agreement,  unitholders holding a
majority of the units are  entitled to take action with  respect to a variety of
matters,  that include,  but are not limited to, voting on certain amendments to
the Partnership  Agreement and voting to remove the General Partner. As a result
of its ownership of 59.11% of the  outstanding  units,  AIMCO and its affiliates
are in a position  to control  all such  voting  decisions  with  respect to the
Partnership.  Although the General Partner owes fiduciary  duties to the limited
partners of the  Partnership,  the General Partner also owes fiduciary duties to
AIMCO as its sole stockholder.  As a result,  the duties of the General Partner,
as general  partner,  to the Partnership and its limited  partners may come into
conflict  with  the  duties  of the  General  Partner  to  AIMCO,  as  its  sole
stockholder.

Critical Accounting Policies and Estimates

The consolidated financial statements are prepared in accordance with accounting
principles generally accepted in the United States which require the Partnership
to  make  estimates  and  assumptions.  The  Partnership  believes  that  of its
significant  accounting  policies,  the following may involve a higher degree of
judgment and complexity.

Impairment of Long-Lived Assets

Investment property is recorded at cost, less accumulated  depreciation,  unless
considered  impaired.  If events or  circumstances  indicate  that the  carrying
amount of a property may be impaired, the Partnership will make an assessment of
its recoverability by estimating the undiscounted  future cash flows,  excluding
interest charges, of the property.  If the carrying amount exceeds the aggregate
future cash flows,  the  Partnership  would  recognize an impairment loss to the
extent the carrying amount exceeds the fair value of the property.

Real  property  investments  are  subject  to varying  degrees of risk.  Several
factors  may  adversely  affect  the  economic  performance  and  value  of  the
Partnership's  investment  property.  These factors include, but are not limited
to,  changes  in the  national,  regional  and  local  economic  climate;  local
conditions,  such as an oversupply of multifamily  properties;  competition from
other available  multifamily property owners and changes in market rental rates.
Any adverse changes in these factors could cause impairment of the Partnership's
assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
Rental income  attributable to leases is recognized  monthly as it is earned and
the Partnership  fully reserves all balances  outstanding  over thirty days. The
Partnership will offer rental concessions during  particularly slow months or in
response to heavy  competition  from other  similar  complexes in the area.  Any
concessions  given at the inception of the lease are amortized  over the life of
the lease.


<PAGE>


ITEM 3.     CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures.  The Partnership's management,  with the
participation of the principal executive officer and principal financial officer
of the General Partner,  who are the equivalent of the  Partnership's  principal
executive officer and principal financial officer,  respectively,  has evaluated
the  effectiveness of the Partnership's  disclosure  controls and procedures (as
such term is defined  in Rules  13a-15(e)  and  15d-15(e)  under the  Securities
Exchange  Act of 1934,  as amended  (the  "Exchange  Act")) as of the end of the
period covered by this report. Based on such evaluation, the principal executive
officer and  principal  financial  officer of the General  Partner,  who are the
equivalent  of the  Partnership's  principal  executive  officer  and  principal
financial  officer,  respectively,  have  concluded  that, as of the end of such
period, the Partnership's disclosure controls and procedures are effective.

(b) Internal Control Over Financial  Reporting.  There have not been any changes
in the Partnership's  internal control over financial reporting (as such term is
defined in Rules  13a-15(f)  and  15d-15(f)  under the Exchange  Act) during the
fiscal quarter to which this report relates that have  materially  affected,  or
are reasonably likely to materially affect,  the Partnership's  internal control
over financial reporting.


<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. (the "Nuanes action") 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 purported to
assert  claims on behalf of a class of  limited  partners  and  derivatively  on
behalf of a number of limited partnerships  (including the Partnership) that are
named as nominal defendants, challenging, among other things, the acquisition of
interests in certain General Partner entities by Insignia  Financial Group, Inc.
("Insignia") and entities that were, at one time,  affiliates of Insignia;  past
tender offers by the Insignia  affiliates to acquire limited  partnership units;
management of the  partnerships  by the Insignia  affiliates;  and the series of
transactions  which  closed on October 1, 1998 and  February  26,  1999  whereby
Insignia and Insignia  Properties Trust,  respectively,  were merged into AIMCO.
The plaintiffs sought monetary damages and equitable relief,  including judicial
dissolution of the Partnership. In addition, during the third quarter of 2001, a
complaint (the "Heller  action") was filed against the same  defendants that are
named in the Nuanes action,  captioned Heller v. Insignia Financial Group. On or
about August 6, 2001,  plaintiffs  filed a first amended  complaint.  The Heller
action was brought as a purported  derivative  action,  and asserted claims for,
among other things,  breach of fiduciary duty, unfair  competition,  conversion,
unjust enrichment, and judicial dissolution.

On January 8, 2003,  the parties filed a  Stipulation  of Settlement in proposed
settlement of the Nuanes action and the Heller action.

In general  terms,  the  proposed  settlement  provides  for  certification  for
settlement  purposes of a settlement class consisting of all limited partners in
this  Partnership and others (the  "Partnerships")  as of December 20, 2002, the
dismissal  with  prejudice  and  release  of claims  in the  Nuanes  and  Heller
litigation,  payment by AIMCO of $9.9  million  (which shall be  distributed  to
settlement  class  members  after  deduction of attorney fees and costs of class
counsel and certain costs of settlement) and up to $1 million toward the cost of
independent  appraisals of the  Partnerships'  properties  by a Court  appointed
appraiser.  An affiliate of the General Partner has also agreed to make at least
one round of tender offers to purchase all of the  partnership  interests in the
Partnerships within one year of final approval, if it is granted, and to provide
partners  with the  independent  appraisals  at the time of these  tenders.  The
proposed  settlement  also provided for the  limitation  of the allowable  costs
which the General  Partner or its  affiliates  will charge the  Partnerships  in
connection with this litigation and imposes limits on the class counsel fees and
costs in this litigation.  On April 11, 2003,  notice was distributed to limited
partners providing the details of the proposed settlement.

On June 13, 2003, the Court granted final approval of the settlement and entered
judgment in both the Nuanes and Heller actions.  On August 12, 2003, an objector
filed an appeal  seeking  to vacate  and/or  reverse  the  order  approving  the
settlement and entering judgment thereto.  The General Partner intends to file a
respondent's  brief in support of the order  approving  settlement  and entering
judgment thereto.

The  General  Partner  does not  anticipate  that any costs to the  Partnership,
whether legal or settlement costs,  associated with these cases will be material
to the Partnership's overall operations.


<PAGE>

On August 8, 2003 AIMCO  Properties  L.P., an affiliate of the General  Partner,
was served with a Complaint in the United  States  District  Court,  District of
Columbia alleging that AIMCO Properties L.P.  willfully  violated the Fair Labor
Standards  Act (FLSA) by failing to pay  maintenance  workers  overtime  for all
hours  worked  in  excess  of forty  per  week.  The  Complaint  is  styled as a
Collective  Action  under  the FLSA and seeks to  certify  state  subclasses  in
California, Maryland, and the District of Columbia. Specifically, the plaintiffs
contend that AIMCO Properties L.P. failed to compensate  maintenance workers for
time  that they were  required  to be  "on-call".  Additionally,  the  Complaint
alleges AIMCO  Properties  L.P.  failed to comply with the FLSA in  compensating
maintenance  workers  for time that they  worked in  responding  to a call while
"on-call".  The  Complaint  also  attempts  to certify a subclass  for  salaried
service  directors who are challenging  their  classification as exempt from the
overtime  provisions of the FLSA.  AIMCO  Properties L.P. has filed an answer to
the Complaint denying the substantive  allegations.  Although the outcome of any
litigation is uncertain,  in the opinion of the General  Partner the claims will
not result in any material liability to the Partnership.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            a) Exhibits:

                  Exhibit  3.1,  Amended  Certificate  and  Agreement of Limited
                  Partnership  dated  June 24,  1980,  filed in Form 10-K  dated
                  October 31, 1982, and is incorporated herein by reference.

                  Exhibit 31.1,  Certification  of equivalent of Chief Executive
                  Officer   pursuant   to   Securities    Exchange   Act   Rules
                  13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

                  Exhibit 31.2,  Certification  of equivalent of Chief Financial
                  Officer   pursuant   to   Securities    Exchange   Act   Rules
                  13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

                  Exhibit  32.1,  Certification  Pursuant  to 18 U.S.C.  Section
                  1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
                  Act of 2002.

            b)    Reports on Form 8-K filed during the quarter  ended  September
                  30, 2003:

                  Current  Report on Form 8-K dated August 19, 2003 and filed on
                  August 27, 2003 disclosing the sale of Greentree Apartments to
                  an unrelated third party.


<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/Paul J. McAuliffe
                                          Paul J. McAuliffe
                                          Executive Vice President
                                          and Chief Financial Officer


                                    Date:  November 13, 2003


<PAGE>


Exhibit 31.1

                                  CERTIFICATION


I, Patrick J. Foye, certify that:


1.    I have reviewed this quarterly  report on Form 10-QSB of Angeles  Partners
      X;

2.    Based on my knowledge,  this report does not contain any untrue  statement
      of a material fact or omit to state a material fact  necessary to make the
      statements made, in light of the circumstances under which such statements
      were made,  not  misleading  with  respect  to the period  covered by this
      report;

3.    Based on my  knowledge,  the  financial  statements,  and other  financial
      information  included  in this  report,  fairly  present  in all  material
      respects the financial condition,  results of operations and cash flows of
      the registrant as of, and for, the periods presented in this report;

4.    The  registrant's  other  certifying  officer(s) and I are responsible for
      establishing  and  maintaining  disclosure  controls  and  procedures  (as
      defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for the registrant
      and have:

      (a)   Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  to ensure that  material  information  relating to the
            registrant,  including its consolidated subsidiaries,  is made known
            to us by others  within  those  entities,  particularly  during  the
            period in which this report is being prepared;

      (b)   Evaluated the effectiveness of the registrant's  disclosure controls
            and  procedures and presented in this report our  conclusions  about
            the effectiveness of the disclosure  controls and procedures,  as of
            the  end  of the  period  covered  by  this  report  based  on  such
            evaluation; and

      (c)   Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most recent fiscal  quarter (the  registrant's  fourth
            fiscal  quarter in the case of an annual report) that has materially
            affected,   or  is  reasonably  likely  to  materially  affect,  the
            registrant's internal control over financial reporting; and

5.    The registrant's other certifying  officer(s) and I have disclosed,  based
      on  our  most  recent   evaluation  of  internal  control  over  financial
      reporting,  to the  registrant's  auditors and the audit  committee of the
      registrant's  board of directors  (or persons  performing  the  equivalent
      functions):

      (a)   All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely affect the  registrant's  ability to
            record, process, summarize and report financial information; and

      (b)   Any fraud,  whether or not  material,  that  involves  management or
            other  employees  who have a  significant  role in the  registrant's
            internal control over financial reporting.

Date: November 13, 2003

                                /s/Patrick J. Foye
                                Patrick J. Foye
                                Executive   Vice  President  of  Angeles  Realty
                                Corporation,  equivalent of the chief  executive
                                officer of the Partnership


<PAGE>



Exhibit 31.2


                                  CERTIFICATION


I, Paul J. McAuliffe, certify that:


1.    I have reviewed this quarterly  report on Form 10-QSB of Angeles  Partners
      X;

2.    Based on my knowledge,  this report does not contain any untrue  statement
      of a material fact or omit to state a material fact  necessary to make the
      statements made, in light of the circumstances under which such statements
      were made,  not  misleading  with  respect  to the period  covered by this
      report;

3.    Based on my  knowledge,  the  financial  statements,  and other  financial
      information  included  in this  report,  fairly  present  in all  material
      respects the financial condition,  results of operations and cash flows of
      the registrant as of, and for, the periods presented in this report;

4.    The  registrant's  other  certifying  officer(s) and I are responsible for
      establishing  and  maintaining  disclosure  controls  and  procedures  (as
      defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for the registrant
      and have:

      (a)   Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  to ensure that  material  information  relating to the
            registrant,  including its consolidated subsidiaries,  is made known
            to us by others  within  those  entities,  particularly  during  the
            period in which this report is being prepared;

      (b)   Evaluated the effectiveness of the registrant's  disclosure controls
            and  procedures and presented in this report our  conclusions  about
            the effectiveness of the disclosure  controls and procedures,  as of
            the  end  of the  period  covered  by  this  report  based  on  such
            evaluation; and

      (c)   Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most recent fiscal  quarter (the  registrant's  fourth
            fiscal  quarter in the case of an annual report) that has materially
            affected,   or  is  reasonably  likely  to  materially  affect,  the
            registrant's internal control over financial reporting; and

5.    The registrant's other certifying  officer(s) and I have disclosed,  based
      on  our  most  recent   evaluation  of  internal  control  over  financial
      reporting,  to the  registrant's  auditors and the audit  committee of the
      registrant's  board of directors  (or persons  performing  the  equivalent
      functions):

      (a)   All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely affect the  registrant's  ability to
            record, process, summarize and report financial information; and


      (b)   Any fraud,  whether or not  material,  that  involves  management or
            other  employees  who have a  significant  role in the  registrant's
            internal control over financial reporting.


Date: November 13, 2003

                                    /s/Paul J. McAuliffe
                                    Paul J. McAuliffe
                                    Executive Vice President and Chief Financial
                                    Officer  of  Angeles   Realty   Corporation,
                                    equivalent of the chief financial officer of
                                    the Partnership


<PAGE>



Exhibit 32.1


                          Certification of CEO and CFO
                       Pursuant to 18 U.S.C. Section 1350,
                             As Adopted Pursuant to
                   Section 906 of the Sarbanes-Oxley Act of 2002



In  connection  with the Quarterly  Report on Form 10-QSB of Angeles  Partners X
(the "Partnership"),  for the quarterly period ended September 30, 2003 as filed
with the Securities and Exchange  Commission on the date hereof (the  "Report"),
Patrick  J.  Foye,  as the  equivalent  of the chief  executive  officer  of the
Partnership,  and Paul J.  McAuliffe,  as the equivalent of the chief  financial
officer of the Partnership, each hereby certifies, pursuant to 18 U.S.C. Section
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that, to the best of his knowledge:

      (1)   The Report fully complies with the  requirements of Section 13(a) or
            15(d) of the Securities Exchange Act of 1934; and

      (2)   The  information  contained in the Report  fairly  presents,  in all
            material respects, the financial condition and results of operations
            of the Partnership.


                                           /s/Patrick J. Foye
                                    Name:  Patrick J. Foye
                                    Date:  November 13, 2003


                                           /s/Paul J. McAuliffe
                                    Name:  Paul J. McAuliffe
                                    Date:  November 13, 2003

This  certification is furnished with this Report pursuant to Section 906 of the
Sarbanes-Oxley  Act of 2002 and shall not be deemed filed by the Partnership for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended.