EAST WEST 925
                             (A  TENANCY-IN-COMMON)

                              FINANCIAL  STATEMENTS



<PAGE>



     INDEPENDENT  AUDITORS'  REPORT






The  Owners
East  West  925:

We  have  audited  the  accompanying  statement of income and changes in owners'
equity,  and  cash  flows  for  the  three  months  ended  March 31, 2000. These
financial  statements  are  the  responsibility  of the owner's management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  audit.

We  conducted our audit in accordance with auditing standards generally accepted
in  the  United  States  of  America.  Those  standards require that we plan and
perform  the  audit  to  obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test  basis,  evidence  supporting  the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audit  provides  a
reasonable  basis  for  our  opinion.

As  described  in  Note  1  to  the  financial  statements,  East  West  925 was
terminated  on  March  31,  2000,  as  the  aircraft  equipment  in  the
Tenancy-in-Common  had  been  sold.

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects, the results of its operations and cash flows of East West
925  for  the  three  months  ended March 31, 2000 in conformity with accounting
principles  generally  accepted  in  the  United  States  of  America.



/s/  KPMG LLP

SAN  FRANCISCO,  CALIFORNIA
March  2,  2001


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                                  EAST WEST 925
                              (A TENANCY-IN-COMMON)
                               STATEMENT OF INCOME
    FOR THE PERIOD FROM JANUARY 1, 2000 THROUGH MARCH 31, 2000 (DISSOLUTION)
                            (in thousands of dollars)

<TABLE>
<CAPTION>


                                        2000
REVENUES
<S>                                    <C>
Interest and other income . . . . . .  $    1
Net gain on disposition of equipment.   2,861
                                       ------
  Total revenues. . . . . . . . . . .   2,862
                                       ------
EXPENSES

Depreciation expense. . . . . . . . .     150
Repairs and maintenance . . . . . . .      65
Insurance expense . . . . . . . . . .       9
Administrative expenses to affiliates       4
Administrative expenses and other . .      29
                                       ------
  Total expenses. . . . . . . . . . .     257
                                       ------
      Net income. . . . . . . . . . .  $2,605
                                       ======
</TABLE>
























                 See accompanying notes to financial statements.


<PAGE>


                                  EAST WEST 925
                              (A TENANCY-IN-COMMON)
                     STATEMENT OF CHANGES IN OWNERS' EQUITY
    FOR THE PERIOD FROM JANUARY 1, 2000 THROUGH MARCH 31, 2000 (DISSOLUTION)
                            (in thousands of dollars)




<TABLE>
<CAPTION>

<S>                                               <C>


 Owners' equity at December 31, 1999 (unaudited)      739

Net income . . . . . . . . . . . . . . . . . . .    2,605

Dividends paid . . . . . . . . . . . . . . . . .   (3,344)
                                                  --------
  Owners' equity at March 31, 2000 . . . . . . .  $    --
                                                  ========
</TABLE>





































                 See accompanying notes to financial statements.

<PAGE>


                                  EAST WEST 925
                              (A TENANCY-IN-COMMON)
                             STATEMENT OF CASH FLOWS
    FOR THE PERIOD FROM JANUARY 1, 2000 THROUGH MARCH 31, 2000 (DISSOLUTION)
                            (in thousands of dollars)

<TABLE>
<CAPTION>


                                                             2000

OPERATING ACTIVITIES
<S>                                                        <C>
Net income. . . . . . . . . . . . . . . . . . . . . . . .  $ 2,605
Adjustments to reconcile net income to net cash
    provided by (used in) operating activities:
  Depreciation. . . . . . . . . . . . . . . . . . . . . .      150
  Net gain on disposition of equipment. . . . . . . . . .   (2,861)
  Changes in operating assets and liabilities:
    Prepaid expenses. . . . . . . . . . . . . . . . . . .        2
    Accounts payable and accrued expenses . . . . . . . .      (91)
                                                           --------
      Net cash used in operating activities . . . . . . .     (195)
                                                           --------
INVESTING ACTIVITIES

Proceeds from disposition of aircraft . . . . . . . . . .    3,539
                                                           --------
      Net cash provided by investing activities . . . . .    3,539
                                                           --------
FINANCING ACTIVITIES

Dividends paid. . . . . . . . . . . . . . . . . . . . . .   (3,344)
                                                           --------
      Net cash used in financing activities . . . . . . .   (3,344)
                                                           --------
Net increase in cash and cash equivalents . . . . . . . .       --
Cash and cash equivalents at beginning of year. . . . . .       --
                                                           ========
Cash and cash equivalents at March 31, 2000 (dissolution)  $    --
                                                           ========

</TABLE>












                 See accompanying notes to financial statements.


<PAGE>


                                  EAST WEST 925
                              (A TENANCY-IN-COMMON)
                          NOTES TO FINANCIAL STATEMENTS
     MARCH  31,  2000

1.     Summary  of  Significant  Accounting  Policies
       ----------------------------------------------

     Organization
     ------------

     In  December  1988,  a Tenancy-In-Common Agreement was entered into between
PLM  Equipment  Growth  Fund  (EGF),  a  California limited partnership and PLM,
Equipment Growth Fund II (EGFII), a California limited partnership (collectively
the Partnerships).  The tenancy-in-common (TIC) was entered into for the purpose
of  purchasing  a  Boeing 737 aircraft.  The TIC was owned 50% by EGF and 50% by
EGFII.  PLM  Financial  Services  Inc.,  (FSI)  was  the  General Partner of the
Partnerships  owning  the  TIC.  FSI  is  a  wholly-owned  subsidiary  of  PLM
International,  Inc.

     The aircraft was purchased in December 1988 for $15.3 million.  A five-year
lease  with  East West Travel Trade Links was signed upon the acquisition of the
aircraft.  In  March  2000,  the  aircraft was sold for proceeds of $3.8 million
resulting  in a gain of $2.9 million.  The TIC was liquidated on March 31, 2000,
as  the  aircraft  in  the  TIC  was  sold.

These  accompanying financial statements have been prepared on the accrual basis
of accounting in accordance with accounting principles generally accepted in the
United  States  of  America.  This  requires  management  to  make estimates and
assumptions  that  affect  the  reported  amounts  of  assets  and  liabilities,
disclosures  of  contingent  assets and liabilities at the date of the financial
statements,  and  the  reported  amounts  of  revenues  and  expenses during the
reporting  period.  Actual  results  could  differ  from  those  estimates.

     Operations
     ----------

     The aircraft in the TIC was managed under a continuing management agreement
by PLM Investment Management, Inc. (IMI), a wholly-owned subsidiary of FSI.  IMI
received  a  monthly  management  fee  from  the  Partnerships  for managing the
aircraft  (Note  2).  FSI,  in  conjunction  with  its  subsidiaries,  sells
transportation  equipment  to investor programs and third parties, manages pools
of  transportation equipment under agreements with the investor programs, and is
a  general  partner  in  limited  partnerships.

     Accounting  for  Leases
     -----------------------

     The  aircraft under the TIC was leased under an operating lease.  Under the
operating  lease method of accounting, the leased asset was recorded at cost and
depreciated  over  its  estimated useful life.  Rental payments were recorded as
revenue  over  the  lease term in accordance with Financial Accounting Standards
Board  Statement  No.  13  "Accounting  for  Leases".

     Depreciation
     ------------

     Depreciation  of  aircraft  equipment  was computed on the double declining
balance  method, taking a full month's depreciation in the month of acquisition,
based  upon  an  estimated  useful  life  of 12 years.  Acquisition fees of $0.7
million,  which  were  paid  to FSI, were capitalized as part of the cost of the
equipment  and  depreciated  over  the life of the aircraft.  Major expenditures
that  were  expected  to  extend  the  equipment's  useful life or reduce future
equipment  operating  expenses were capitalized and amortized over the estimated
remaining  life  of  the  equipment.

<PAGE>


                                  EAST WEST 925
                              (A TENANCY-IN-COMMON)
     NOTES  TO  FINANCIAL  STATEMENTS
     MARCH  31,  2000

1.     Summary  of  Significant  Accounting  Policies  (continued)
       ----------------------------------------------

Aircraft
--------

In  accordance  with the Financial Accounting Standards Board Statement No. 121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to
Be  Disposed Of", FSI reviewed the carrying value of the equipment under the TIC
at least quarterly, and whenever circumstances indicated that the carrying value
of  an  asset  may  not  be  recoverable  in  relation to expected future market
conditions  for the purpose of assessing recoverability of the recorded amounts.
If  projected  undiscounted  future cash flows and fair value were less than the
carrying value of the equipment, a loss on revaluation would have been recorded.
No reductions to the carrying value of equipment were required during the period
from  January  1,  2000  through  March  31,  2000,  (dissolution).

Repairs  and  Maintenance
-------------------------

Repair  and  maintenance  cost  to  aircraft  were usually the obligation of the
lessee.  To  meet the maintenance requirements of certain aircraft airframes and
engines,  reserve  accounts  were  funded  monthly by the lessee based on engine
hours.

Net  Income  and  Distribution  to  Owners
------------------------------------------

          The  net  income  and  distributions  of the TIC were allocated to the
owners  based  on  their  percentage  ownership  in  the  TIC.

     Comprehensive  Income
     ---------------------

     The  TIC's net income was equal to comprehensive income for the period from
January  1,  2000  through  March  31,  2000  (dissolution).

2.     General  Partner  and  Transactions  with  Affiliates
       -----------------------------------------------------
Under  the equipment management agreement, IMI received a monthly management fee
equal to (i) a) 10% of the amount of Cash Flows from operations or b) 1/12 of  %
of  the book value of the equipment portfolio, subject to a reduction in certain
events,  as  described  in  the  limited partnership agreement for PLM Equipment
Growth  Fund  and  (ii)  5%  of gross revenues for PLM Equipment Growth Fund II.

FSI  and  its  affiliates  were  reimbursed $4,000 by the TIC for administrative
services  performed  on behalf of the TIC during the period from January 1, 2000
through  March  31,  2000  (dissolution).

3.          Equipment
            ---------

A five-year lease with East West Airlines was signed upon the acquisition of the
aircraft  in  1988.  No  lease revenue was earned on this aircraft for the three
months  ended  March  31,  2000.

In  March  2000,  the  aircraft  was  sold  for  proceeds of $3.8 million, which
resulted  in  a  gain  of  $2.9  million.





<PAGE>


                                  EAST WEST 925
                              (A TENANCY-IN-COMMON)
     NOTES  TO  FINANCIAL  STATEMENTS
     MARCH  31,  2000

4.     Geographic  Information
       -----------------------

The  aircraft  was  off-lease from the period from January 1, 2000 through March
31,  2000  (dissolution).  The  plane  was stored in Malaysia prior to its sale.

5.     Income  Taxes
       -------------

The  TIC  was  not subject to income taxes, as any income or loss is included in
the  tax  returns  of  the  individual  partners  owning  the  Partnerships.
Accordingly,  no provision for income taxes was made in the financial statements
of  the  TIC.

As  of March 31, 2000, there were no temporary differences between the financial
statements  carrying  value  of  assets  and  the  income  tax  basis.

6.     Concentration  of  Risk
       -----------------------

Financial  instruments, which potentially subjected the TIC to concentrations of
credit  risk  consisted  principally of lease receivables.  This aircraft in the
TIC  was  off-lease  for the period from January 1, 2000 through March 31, 2000.
All  the  revenues earned in the three months ended March 31, 2000 were from the
gain  on  sale  of  the  aircraft  to  Aegro  Capital.