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 June 30, 2001


[ ] 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)

                                  June 30, 2001


<TABLE>
<CAPTION>

Assets
<S>                                                        <C>             <C>
   Cash and cash equivalents                                               $   228
   Receivables and deposits                                                     67
   Restricted escrows                                                           81
   Other assets                                                                184
   Investment properties:
      Land                                                 $    312
      Buildings and related personal property                 9,984
                                                             10,296
      Less accumulated depreciation                          (7,336)         2,960
                                                                           $ 3,520

Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                         $   39
   Tenant security deposit liabilities                                          16
   Accrued property taxes                                                       30
   Other liabilities                                                           156
   Mortgage notes payable                                                    8,587

Partners' Deficit
   General partner                                         $   (245)
   Limited partners (18,625 units issued and
      outstanding)                                           (5,063)        (5,308)
                                                                           $ 3,520


            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       Six Months Ended
                                                June 30,                June 30,
                                            2001        2000        2001        2000
Revenues:
<S>                                        <C>         <C>        <C>         <C>
  Rental income                            $  585       $ 576     $ 1,175     $ 1,145
  Other income                                 45          69          83         104
        Total revenues                        630         645       1,258       1,249

Expenses:
  Operating                                   235         242         446         451
  General and administrative                   65          40         112          81
  Depreciation                                126         117         248         227
  Interest                                    174         169         348         334
  Property taxes                               43          50          87          97
        Total expenses                        643         618       1,241       1,190

Net (loss) income                          $ (13)       $  27      $   17      $   59

Net income allocated to general
  partner (1%)                             $  --        $  --      $   --      $    1
Net (loss) income allocated to
  limited partners (99%)                     (13)          27          17          58
                                           $ (13)       $  27      $   17      $   59
 Net (loss) income per limited
   partnership unit                        $(.70)      $ 1.45      $  .91      $  3.11
 Distribution per limited partnership
   unit                                    $  --       $34.52      $   --      $ 34.52


            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, 2000                   18,625         $ (245)     $(5,080)   $(5,325)

Net income for the six months
   ended June 30, 2001                     --             --           17         17

Partners' deficit
   at June 30, 2001                    18,625         $ (245)     $(5,063)   $(5,308)

            See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>


d)

                               ANGELES PARTNERS X
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                   (in thousands)

<TABLE>
<CAPTION>

                                                                  Six Months Ended
                                                                        June 30,
                                                                  2001         2000
Cash flows from operating activities:
<S>                                                               <C>          <C>
  Net income                                                      $  17        $  59
  Adjustments to reconcile net income to net cash
   provided by operating activities:
   Depreciation                                                     248          227
   Amortization of discounts and loan costs                          21           14
   Change in accounts:
      Receivables and deposits                                       19          138
      Other assets                                                   (7)          10
      Accounts payable                                              (37)          24
      Tenant security deposit liabilities                             1            1
      Accrued property taxes                                         20           25
      Other liabilities                                              25          (10)
       Net cash provided by operating activities                    307          488

Cash flows from investing activities:
  Property improvements and replacements                           (184)        (345)
  Net withdrawals from restricted escrows                             8            7
       Net cash used in investing activities                       (176)        (338)

Cash flows from financing activities:
  Payments on mortgage notes payable                                (61)         (53)
  Distributions to partners                                          --         (780)
       Net cash used in financing activities                        (61)        (833)

Net increase (decrease) in cash and cash equivalents                 70         (683)

Cash and cash equivalents at beginning of period                    158        1,088

Cash and cash equivalents at end of period                       $  228       $  405

Supplemental disclosure of cash flow information:
Cash paid for interest                                           $  327       $  298


At  December  31,  2000,  approximately  $83,000 of  property  improvements  and
replacements were included in accounts payable.

            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" or "ARC"),
all adjustments  (consisting of normal recurring accruals)  considered necessary
for a fair presentation have been included.  Operating results for the three and
six month  periods  ended June 30, 2001 are not  necessarily  indicative  of the
results that may be expected for the year ending  December 31, 2001. 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,  2000.  The General  Partner is an  affiliate  of Apartment
Investment  and  Management  Company  ("AIMCO"),  a publicly  traded real estate
investment trust.

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. and Carriage 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.

Segment Reporting

Statement of Financial  Accounting Standards ("SFAS") No. 131, "Disclosure about
Segments of an Enterprise and Related Information" established standards for the
way that public business enterprises report information about operating segments
in annual  financial  statements  and  requires  that those  enterprises  report
selected  information about operating segments in interim financial reports.  It
also establishes  standards for related disclosures about products and services,
geographic  areas,  and  major  customers.  As  defined  in SFAS  No.  131,  the
Partnership has only one reportable  segment.  The General Partner believes that
segment-based disclosures will not result in a more meaningful presentation than
the consolidated financial statements as currently presented.


<PAGE>

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.  The following  payments were paid or accrued to the
General  Partner and its  affiliates  for the six months ended June 30, 2001 and
2000:

                                                              2001       2000
                                                              (in thousands)
   Property management fees (included in
     operating expenses)                                      $ 65       $ 61
   Reimbursement for services of affiliates
     (included in general and administrative expenses
      and investment properties)                                65         88

During the six months  ended June 30, 2001 and 2000,  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  $65,000 and $61,000,  respectively,  for the six
month periods ended June 30, 2001 and 2000.

An  affiliate  of the General  Partner  received  reimbursement  of  accountable
administrative  expenses amounting to approximately  $65,000 and $88,000 for the
six  months  ended  June 30,  2001 and  2000,  respectively.  Included  in these
expenses  for the six months  ended June 30,  2000 is  approximately  $44,000 in
reimbursements for construction oversight costs. No such costs were incurred for
the six months ended June 30, 2001.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,811 limited  partnership
units in the Partnership  representing  52.68% of the outstanding  units at June
30, 2001. 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 52.68% 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 its affiliation with
the General Partner.

Note C - Distributions

Cash  distributions of  approximately  $780,000 were paid to the partners during
the six months ended June 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 or $34.52 per  limited  partnership  unit) was
paid from operations.  There were no distributions  paid to the limited partners
during the six months ended June 30,  2001.  Subsequent  to June 30,  2001,  the
General  Partner  declared and paid a  distribution  of  approximately  $156,000
(approximately $154,000 to the limited partners or $8.27 per limited partnership
unit) from operations.


<PAGE>

Note D - 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 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  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 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 and an appeal was taken  from the order on  October  5,  2000.  On
December 4, 2000, the Court  appointed the law firm of Lieff Cabraser  Heimann &
Bernstein  LLP as new  lead  counsel  for  plaintiffs  and the  putative  class.
Plaintiffs  filed a third  amended  complaint on January 19,  2001.  On March 2,
2001,  the  General  Partner  and its  affiliates  filed a demurrer to the third
amended  complaint.  On May 14, 2001,  the Court heard the demurrer to the third
amended  complaint.  On July 10,  2001,  the Court  issued  an order  sustaining
defendants'  demurrer on certain grounds.  Plaintiffs have until August 16, 2001
to file a fourth amended complaint. The General Partner does not anticipate that
any costs, whether legal or settlement costs,  associated with this case will be
material to the Partnership's overall operations.

The Partnership is a party to certain legal actions resulting from its operating
activities.  These actions are routine litigation and administrative proceedings
arising in the  ordinary  course of business  and none of which are  expected to
have a  material  adverse  effect on the  consolidated  financial  condition  or
results of operations of the Partnership.


<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 six months ended June 30, 2001 and 2000:

                                                   Average Occupancy
      Property                                      2001       2000
      Greentree Apartments                          96%        99%
        Mobile, Alabama
      Carriage Hills Apartments                     95%        93%
        East Lansing, Michigan

The General Partner attributes the decrease in occupancy at Greentree Apartments
to increased competition in the Mobile area.

Results of Operations

The  Registrant's  net (loss) income for the three and six months ended June 30,
2001 was  approximately  ($13,000)  and  $17,000,  respectively,  as compared to
approximately  $27,000 and $59,000,  respectively,  for the three and six months
ended June 30, 2000.

The decrease in net income for the three months ended June 30, 2001 is due to an
increase in total expenses and a decrease in total revenues. The decrease in net
income for the six months  ended June 30,  2001 is due to an  increase  in total
expenses,  which were  partially  offset by an increase in total  revenues.  The
increase in total  expenses for both the three and six month  periods ended June
30,  2001  is due  primarily  to  increases  in  depreciation  and  general  and
administrative  expenses, which were partially offset by a decrease in operating
expenses.  Depreciation  expense  increased  due to an increase  in  depreciable
assets resulting from property  improvements  and replacements  completed during
the past twelve months. The decrease in operating expenses is primarily due to a
decrease in advertising  expense at Carriage Hills  Apartments and a decrease in
maintenance expense at both of the Partnership's investment properties. Interest
and property  tax  expenses  remained  relatively  constant  for the  comparable
periods.

General and administrative  expenses  increased  primarily due to an increase in
the costs of services  included in the management  reimbursements to the General
Partner  as  allowed  under  the  Partnership   Agreement  and  an  increase  in
professional  expenses  necessary to manage the  Partnership.  Also  included in
general  and  administrative  expenses  at both June 30, 2001 and 2000 are costs
associated  with the  quarterly  and annual  communications  with  investors and
regulatory agencies and the annual audit required by the Partnership Agreement.

The increase in total  revenues for the six months ended June 30, 2001 is due to
an increase in rental income,  which was partially offset by a decrease in other
income. Total revenues decreased for the three months ended June 30, 2001 due to
a decrease in other income,  which was partially offset by an increase in rental
income.  The increase in rental  income for both periods is due  primarily to an
increase in occupancy and the average rental rate at Carriage Hills  Apartments,
which was partially  offset by a decrease in occupancy at Greentree  Apartments.
The decrease in other income for both periods is due  primarily to a decrease in
interest income.


<PAGE>

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 June 30, 2001, the Partnership had cash and cash equivalents of approximately
$228,000,  compared to approximately  $405,000 at June 30, 2000. The increase in
cash and cash equivalents of approximately $70,000 for the six months ended June
30, 2001,  from the  Partnership's  calendar  year end, is due to  approximately
$307,000  of  cash  provided  by  operating  activities,  which  was  offset  by
approximately  $176,000 of cash used in investing  activities and  approximately
$61,000 of cash used in financing activities.  Cash used in investing activities
consisted of property  improvements  and  replacements,  partially offset by net
receipts from escrow accounts  maintained by the mortgage  lender.  Cash used in
financing  activities  consisted of payments of principal  made on the mortgages
encumbering the  Registrant's  properties.  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 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  2001 the  Partnership  has  budgeted  approximately
$214,000 for capital  improvements,  consisting  primarily of  appliances,  HVAC
upgrades,  interior  and  exterior  building  improvements,  and floor  covering
replacement.   The  Partnership  completed   approximately  $82,000  in  capital
expenditures at Greentree  Apartments as of June 30, 2001,  consisting primarily
of appliances,  interior building improvements,  and floor covering replacement.
These improvements were funded from operations and replacement reserves.

Carriage Hills Apartments:  For 2001 the Partnership has budgeted  approximately
$376,000 for capital  improvements,  consisting primarily of structural building
improvements,  heating  upgrades and floor covering and appliance  replacements.
The  Partnership  completed  approximately  $19,000 in capital  expenditures  at
Carriage  Hills  Apartments as of June 30, 2001,  consisting  primarily of floor
covering  and  appliance  replacements.  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 $8,587,000,  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 six months ended June 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 or $34.52 per  limited  partnership  unit) was
paid from operations.  There were no distributions  paid to the limited partners
during the six months ended June 30,  2001.  Subsequent  to June 30,  2001,  the
General  Partner  declared and paid a  distribution  of  approximately  $156,000
(approximately $154,000 to the limited partners or $8.27 per limited partnership
unit) from operations.  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
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 expenditures,  to permit any additional  distributions to
its partners in 2001 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
approximately  $36,000 to $71,000.  As of June 30,  2001,  the  Partnership  has
deposits of approximately $71,000 in the reserve account.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  currently own 9,811 limited  partnership
units in the Partnership  representing  52.68% of the outstanding  units at June
30, 2001. 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 52.68% 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 its affiliation with
the General Partner.


<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 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  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 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 and an appeal was taken  from the order on  October  5,  2000.  On
December 4, 2000, the Court  appointed the law firm of Lieff Cabraser  Heimann &
Bernstein  LLP as new  lead  counsel  for  plaintiffs  and the  putative  class.
Plaintiffs  filed a third  amended  complaint on January 19,  2001.  On March 2,
2001,  the  General  Partner  and its  affiliates  filed a demurrer to the third
amended  complaint.  On May 14, 2001,  the Court heard the demurrer to the third
amended  complaint.  On July 10,  2001,  the Court  issued  an order  sustaining
defendants'  demurrer on certain grounds.  Plaintiffs have until August 16, 2001
to file a fourth amended complaint. The General Partner does not anticipate that
any costs, whether legal or settlement 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:

                  None.

            b)    Reports on Form 8-K:

                  None filed during the quarter ended June 30, 2001.


<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: August 13, 2001