<PAGE>

                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                             -------------------

                                  FORM 10-K

               ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d)

                   OF THE SECURITIES EXCHANGE ACT OF 1934


 For the fiscal year ended December 31, 2000    Commission file number 0-18042
                           -----------------                           -------


                     COMMUNITY INVESTMENT PARTNERS, L.P.
 ---------------------------------------------------------------------------
           (Exact name of registrant as specified in its charter)


           MISSOURI                                           43-1531582
--------------------------------------------------------------------------------
(State or other jurisdiction of                              (IRS Employer
 incorporation or organization)                           Identification No.)


     12555 Manchester Road
     St. Louis, Missouri                                        63131
--------------------------------------------------------------------------------
(Address and principal executive office)                      (Zip Code)


Registrant's telephone number, including area code        (314) 515-2000
                                                     ------------------------

Securities registered pursuant to Section 12(b) of the Act:  None.

Securities registered pursuant to Section 12(g) of the Act:  None.

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. YES [X] NO [ ]

     Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in part III of this Form
10-K or any amendment to this form 10-K. [ ]

     As of March 15, 2001 71,315 units of limited partnership interest
(Units), representing net assets of $125,960 were held by non-affiliates.
There is no established public market for such units.


                                     1



<PAGE>
<PAGE>



                     DOCUMENTS INCORPORATED BY REFERENCE
     None






                                       2
<PAGE>
<PAGE>

<TABLE>
                                  COMMUNITY INVESTMENT PARTNERS, L.P.

                                           TABLE OF CONTENTS

<CAPTION>
PART I                                                                                           Page
                                                                                                 ----
<S>                                                                                              <C>
     Item 1.      Business.......................................................................4

     Item 2.      Properties.....................................................................5

     Item 3.      Legal Proceedings..............................................................5

     Item 4.      Submission of Matters to a Vote of Security Holders............................5

PART II

     Item 5.      Market for the Registrant's Common Equity and Related
                  Stockholder Matters............................................................6

     Item 6.      Selected Financial Data........................................................7

     Item 7.      Management's Discussion and Analysis of Financial
                  Condition and Results of Operations............................................8

     Item 8.      Index to Financial Statements and Supplementary Financial Data.................10

     Item 9.      Change in and Disagreements with Accountants
                  on Accounting and Financial Disclosure.........................................21

PART III

     Item 10.     Directors and Executive Officers of the Registrant.............................22

     Item 11.     Executive Compensation.........................................................23

     Item 12.     Security Ownership of Certain Beneficial Owners and
                  Management.....................................................................23

     Item 13.     Certain Relationships and Related Transactions.................................24

PART IV

     Item 14.     Exhibits, Financial Statement Schedules and Reports on
                  Form 8-K.......................................................................25

SIGNATURES        ...............................................................................26

INDEX TO EXHIBITS ...............................................................................27
</TABLE>



                                     3

<PAGE>
<PAGE>

                                   PART I

Item 1.  BUSINESS

     Community Investment Partners, L.P. (the "Partnership") was formed to
seek long-term capital appreciation by making investments in companies and
other special investment situations. The Partnership will not engage in any
other business or activity.

     The Partnership has elected to be a business development company under
the Investment Company Act of 1940, as amended. As a business development
company, the Partnership is required to invest at least 70% of its assets in
qualifying investments as specified in the Investment Company Act.

     The Partnership was formed on October 10, 1989, under the Revised
Uniform Limited Partnership Act of Missouri. CIP Management, L.P., LLLP, the
Managing General Partner, is a Missouri limited liability limited
partnership formed on October 10, 1989 as a limited partnership and
registered as a limited liability limited partnership on July 23, 1997. The
general partner of CIP Management, L.P., LLLP is CIP Management, Inc., an
indirect subsidiary of Edward D. Jones & Co., L.P.

     The Partnership participated in a public offering of its limited
partnership interests in 1990. The Partnership sold 91,820 Units of limited
partnership interest for an aggregate price of $2,295,500. After offering
expenses of approximately $122,000, the Partnership received approximately
$2,173,500 in proceeds available for investment.

     During 1999, the Limited Partners voted to sell Partnership assets and
thereby effect the dissolution of the Partnership pursuant to section 9.1.1
of the Partnership Agreement. As of December 31, 1999 all publicly traded
securities were sold through the public market. Upon receipt of a final
scheduled escrow payment in July 2001, the Partnership expects to begin the
final dissolution process.

     The information set forth under the captions "Proposal 1", "Proposal 2"
and "Other Factors to Consider" of the Proxy Statement dated September 7,
1999, filed with the SEC pursuant to Section 14(A) of the Securities
Exchange Act of 1934, is incorporated herein by reference.

     The Partnership is no longer making investments. For information
regarding the Partnership's current portfolio investments and purchases and
sales during the year, see Item 8 of this Form 10-K.

     The information set forth under the captions "Investment Objectives &
Policies" and "Regulation" in the Prospectus of the Partnership dated March
12, 1990, filed with the SEC pursuant to Rule 497(b) under the Securities
Act of 1933, is incorporated herein by reference.

RISKS OF UNIT OWNERSHIP

     The purchase and ownership of Units involve a number of significant
risks and other important factors. The portfolio company investments of the
Partnership involve a high degree of business and financial risk that can
result in substantial losses. Among these are the risks associated with
investments in companies with little operating history, companies operating
at a loss or with substantial variations in operating results from period to
period, companies with the need for substantial additional capital to
support expansion or achieve or maintain a competitive position, companies
which may be highly leveraged, companies which may not be diversified and
companies in which the Partnership may be the sole or primary lender. The
Partnership invests in only a few companies. Therefore, a loss or other
problem with a single investment could have a material adverse effect on the
Partnership.


                                     4

<PAGE>
<PAGE>

     Risks may arise due to the period of time (typically four to seven
years or longer) which will elapse before portfolio company investments have
reached a state of maturity such that disposition can be considered.

     Portfolio companies may require additional funds and there can be no
assurance that the Partnership will have sufficient funds from reserves or
borrowing to make such follow-on investments which may have a substantial
negative impact on a portfolio company in need of additional funds.

     All decisions with respect to the management of the Partnership,
including identifying and making portfolio investments, are made exclusively
by the General Partners. Limited Partners must rely on the abilities of the
General Partners. The key personnel of the Managing General Partner have
considerable prior experience in investment banking and in structuring
investments.

     Ownership of the Units also entails risk because Limited Partners may
not be able to liquidate their investment in the event of an emergency or
for any other reason due to the substantial restrictions on transfers
contained in the Partnership Agreement and the lack of a market for the
resale of Units.

     The information set forth under the captions "Risk and Other Important
Factors" (including the subsections "Risks of Investment," "Size of
Partnership," "Ability to Invest Funds," "Time Required to Maturity of
Investments; Illiquidity of Investments," "Need for Follow-on Investments,"
"Use of Leverage," "Unspecified Investment," "Reliance on Management," "New
Business," "No Market for Units" and "Federal Income Tax Considerations") on
pages 9 through 14 of the Prospectus of Partnership dated March 12, 1990,
filed with the Securities and Exchange Commission pursuant to Rule 497(b)
under the Securities Act of 1933 on March 12, 1990, is incorporated herein
by this reference. (This information has been restated herein pursuant to
section 64(b) of the Investment Company Act of 1940).

     Partners should refer to the Partnership Agreement for more detailed
information.

EMPLOYEES

     The Partnership has no employees. The Managing General Partner, subject
to the supervision of the Individual General Partners, manages the
Partnership's portfolio company investments and, pursuant to a Management
Agreement with the Partnership, performs or arranges for affiliates to
perform, the management and administrative services for the Partnership and
is responsible for managing the Partnership's money-market investments. The
Managing General Partner receives no fee under the Management Agreement but
is reimbursed by the Partnership for certain expenses.

Item 2.  PROPERTIES

     The Partnership does not own or lease any physical properties.

Item 3.  LEGAL PROCEEDINGS

     The Partnership is not a party to any material pending legal
proceedings.

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No matters were submitted to a vote of security holders during the
period covered by this report.




                                     5

<PAGE>
<PAGE>

                                   PART II

Item 5.  MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
         MATTERS

     There is no established public trading market for the Limited
Partnership interests. As of March 15, 2001, the total number of holders of
units is 104. The number of limited partnership units outstanding is 87,820.
The number of general partnership units outstanding is 20,000 as of March
15, 2001.

     The information set forth under the captions "Partnership Distributions
and Allocations" and "Transferability of Units" in the Prospectus of the
Partnership dated March 12, 1990, filed with the Securities and Exchange
Commission pursuant to Rule 497(b) under the Securities Act of 1933 is
incorporated herein by reference.




                                     6

<PAGE>
<PAGE>


Item 6.  SELECTED FINANCIAL DATA

<TABLE>

STATEMENTS OF FINANCIAL CONDITION:

<CAPTION>
                                                                       As of
                                                                   December 31,
                                  ------------------------------------------------------------------------------
                                    2000             1999              1998             1997             1996
                                  --------         --------          --------        ----------       ----------
<S>                               <C>              <C>               <C>             <C>              <C>
Net Assets                        $189,374         $225,605          $525,703        $2,143,937       $2,413,382

Portfolio Investments
at Fair Value                            -                -           327,320         1,951,068        2,341,691

<CAPTION>
STATEMENTS OF INCOME:
                                                                For the Years Ended
                                                                   December 31,
                                  ------------------------------------------------------------------------------
                                    2000             1999               1998            1997             1996
                                  --------         --------          ----------      ---------        ----------
<S>                               <C>              <C>               <C>             <C>              <C>
Net (Loss) Income
before Net Realized Gains
and Net Unrealized
(Losses) Gains                    $(27,804)        $(40,853)         $  (19,757)     $  37,739        $   (2,416)

Net Realized Gains (Losses)         (8,427)         322,013           1,237,319        486,662         1,647,498

Net Unrealized
(Losses) Gains                           -          173,482            (733,306)      (254,746)         (652,959)

Net Income (Loss)                  (36,231)         454,642             484,256        269,655           992,123

Per Unit of
Partnership Interest:

Net Asset Value                       1.75             2.09                4.88          19.88             22.38

Net (Loss) Income
before Net Realized Gains
(Losses) and Net Unrealized
(Losses) Gains                        (.26)            (.38)               (.18)           .35              (.02)

Net Realized (Losses) Gains           (.08)            2.99               11.48           4.51             15.28

Net Unrealized
Gains (Losses)                           -             1.61               (6.80)         (2.36)            (6.06)

Net (Loss) Income                     (.34)            4.22                4.49           2.50              9.20

</TABLE>



                                     7

<PAGE>
<PAGE>


Item 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

RESULTS OF OPERATIONS
                       (FISCAL YEAR 2000 VERSUS 1999)

         Net loss for the year ended December 31, 2000 was $36,231, compared
to net income of $454,642 for the year ended December 31, 1999. The decrease
in net income is due to a decrease in activity as a result of the pending
dissolution of the Partnership. The Partnership is scheduled to receive the
final escrow disbursement of $48,375 from Innovation Medical Technologies,
Inc. in July 2001. After this date, the Partnership plans to liquidate.

         Realized loss on investments for the year ended December 31, 2000
was $8,427, compared to a realized gain of $322,013 for the year ended
December 31, 2000. The $8,427 loss in 2000 represents a write-off of the
Vision Partners L.P. escrow receivable. The 1999 gain represents gains from
the sale of all publicly traded investments.

         Total expenses for the year ended December 31, 2000 were $27,805,
down $14,534 from the year ended December 31, 1999. The decrease was caused
by a decrease in legal expenses year over year, as significant expenses were
incurred during 1999 related to the Partnership dissolution and required
filings with the Securities and Exchange Commission.

         There were no Partnership distributions during 2000.


                       (FISCAL YEAR 1999 VERSUS 1998)

     Net income for the year ended December 31, 1999 was $454,642, a 6%
decrease from 1998 net income of $484,256. Net income decreased mainly due
to a $915,306 decrease in realized gains and a $13,859 increase in total
expenses offset by a $906,788 increase in unrealized gains, as discussed
below.

     The sale of all publicly traded investments during the fourth quarter
of 1999 accounted for $231,991 of the $322,013 total realized gain. See
detail of investment sales in Note 6 to the financial statements. These
sales were made as a result of the October 4, 1999 Limited Partner vote
approving the sale of Partnership assets. The remaining 1999 realized gain
consisted of an $87,536 escrow payment received as a result of the 1998
liquidation of Innovation Medical Technologies Preferred stock and a $2,487
escrow payment received as a result of the 1998 liquidation of Vision
Partners L.P. limited partnership interests.

     The $173,482 unrealized gain recorded in 1999 represents a reversal of
the $65,182 unrealized loss on investment securities at December 31, 1998,
and a $108,300 unrealized gain on the remaining assets that will be sold to
EDJ Ventures, pending SEC approval. Previously, the assets were carried at a
zero basis.

     The increase in expenses was caused by legal fees incurred related to
the planned Partnership dissolution, including preparation of the proxy
statement and request for approval from the SEC for the proposed sales of
assets to EDJ Ventures.

     The Partnership made a distribution of $7 per unit during 1999,
representing $754,740.



                                     8

<PAGE>
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

     Total capital for the Partnership as of December 31, 2000, was
$189,374. This consisted of $162,102 in Limited Partner capital and $27,272
in General Partner capital.

     Net loss of $36,231 for 2000 was allocated in the amount of $29,517 to
the Limited Partners and in the amount of $6,714 to the General Partners.

     At December 31, 2000, the Partnership had $155,599 in cash and cash
equivalents.




                                     9

<PAGE>
<PAGE>



Item 8.  INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTARY FINANCIAL DATA

<TABLE>
<CAPTION>
                                                                                                   Page
                                                                                                   ----
     <S>                                                                                           <C>
     Report of Independent Accountants.............................................................11

     Statements of Financial Condition as of December 31, 2000 and 1999............................12

     Statements of Operations for the Years Ended
     December 31, 2000, 1999 and 1998..............................................................13

     Statements of Cash Flows for the Years Ended
     December 31, 2000, 1999 and 1998..............................................................14

     Statements of Changes in Partnership Capital for the
     Years Ended December 31, 2000, 1999 and 1998..................................................15

     Notes to Financial Statements.................................................................16
</TABLE>


Financial Statement Schedules:

All financial statement schedules are omitted because they are not
applicable or the required information is shown in the financial statements
or notes thereto.



                                     10

<PAGE>
<PAGE>

                      REPORT OF INDEPENDENT ACCOUNTANTS


To the Partners of
Community Investment Partners, L.P.


In our opinion, the accompanying statements of financial condition and the
related statements of operations, cash flows and of changes in partnership
capital present fairly, in all material respects, the financial position of
Community Investment Partners, L.P. (the "Partnership") at December 31, 2000
and 1999, and the results of its operations, its cash flows and the changes
in partnership capital for each of the three years in the period ended
December 31, 2000 in conformity with accounting principles generally
accepted in the United States of America. These financial statements are the
responsibility of the Partnership's management; our responsibility is to
express an opinion on these financial statements based on our audits. We
conducted our audits of these statements in accordance with auditing
standards generally accepted in the United States of America which 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, assessing the accounting principles
used and significant estimates made by management, and evaluating the
overall financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.


PricewaterhouseCoopers LLP

St. Louis, Missouri
March 14, 2001




                                     11

<PAGE>
<PAGE>

<TABLE>
                                COMMUNITY INVESTMENT PARTNERS, L.P.

                                 STATEMENTS OF FINANCIAL CONDITION

<CAPTION>
                                             ASSETS
                                             ------

                                                                             December 31,
                                                                -------------------------------------
                                                                    2000                     1999
                                                                ------------             ------------
<S>                                                             <C>                      <C>
Cash and cash equivalents                                       $    155,599             $    132,539
Other receivable                                                      48,375                  108,300
                                                                ------------             ------------
TOTAL ASSETS                                                    $    203,974             $    240,839
                                                                ============             ============


<CAPTION>
                               LIABILITIES AND PARTNERSHIP CAPITAL
                               -----------------------------------

                                                                             December 31,
                                                                -------------------------------------
                                                                    2000                     1999
                                                                ------------             ------------
<S>                                                             <C>                      <C>
ACCRUED EXPENSES                                                $     14,600             $     15,234
                                                                ------------             ------------

Partnership Capital:
Capital - Limited Partners                                           162,102                  191,619
Capital - General Partners                                            27,272                   33,986
                                                                ------------             ------------
     TOTAL PARTNERSHIP CAPITAL                                       189,374                  225,605
                                                                ------------             ------------

TOTAL LIABILITIES AND
     PARTNERSHIP CAPITAL                                        $    203,974             $    240,839
                                                                ============             ============



                   The accompanying notes are an integral
                           part of this schedule.
</TABLE>


                                     12

<PAGE>
<PAGE>


<TABLE>
                                   COMMUNITY INVESTMENT PARTNERS, L.P.

                                        STATEMENTS OF OPERATIONS

<CAPTION>
                                                                         For the Years Ended
                                                                            December 31,
                                                          -----------------------------------------------
                                                             2000              1999               1998
                                                          ----------        ----------         ----------
                                               INCOME
                                               ------
<S>                                                       <C>               <C>                <C>
Dividend and interest income                              $        1        $    1,486         $    8,723
                                                          ----------        ----------         ----------

         TOTAL INCOME                                     $        1        $    1,486         $    8,723
                                                          ----------        ----------         ----------

                                             EXPENSES
                                             --------

Professional fees                                             27,270            42,339             24,956

Other                                                            535                 -              3,524
                                                          ----------        ----------         ----------
         TOTAL EXPENSES                                       27,805            42,339             28,480
                                                          ----------        ----------         ----------

Net loss before net realized
   gains (losses) and net unrealized gains (losses)          (27,804)          (40,853)           (19,757)

Net realized (losses) gains on
   sale of investments (note 6)                               (8,427)          322,013          1,237,319

Net unrealized gains (losses)
   on investments                                                  -           173,482           (733,306)
                                                          ----------        ----------         ----------
         NET (LOSS) INCOME                                $  (36,231)       $  454,642         $  484,256
                                                          ==========        ==========         ==========



                   The accompanying notes are an integral
                           part of this schedule.
</TABLE>


                                     13

<PAGE>
<PAGE>



<TABLE>
                               COMMUNITY INVESTMENT PARTNERS, L.P.

                                     STATEMENTS OF CASH FLOWS

<CAPTION>
                                                                         For the Years Ended
                                                                            December 31,
                                                           ---------------------------------------------
                                                              2000              1999             1998
                                                           ----------        ----------      -----------
<S>                                                        <C>               <C>             <C>
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:

     Net (loss) income                                     $  (36,231)       $  454,642      $   484,256
     Adjustments to reconcile net income
         to net cash provided by operating activities:
     Proceeds from sale of portfolio investments                    -           714,515        2,127,761

     Unrealized (gains) losses on
         portfolio investments                                      -          (173,482)         733,306

     Net realized gains on
         sale of portfolio investments                              -          (322,013)      (1,237,319)
     Decrease in other receivable                              59,925                 -                -
     Decrease in accrued dividend
         and interest receivable                                    -                 -           59,784
     (Decrease) Increase in accrued expenses                     (634)            1,234            1,000
                                                           ----------        ----------      -----------
         Net cash provided by
         operating activities                                  23,060           674,896        2,168,788
                                                           ----------        ----------      -----------

CASH FLOWS USED IN FINANCING ACTIVITIES:

     Capital distributions                                          -          (754,740)      (2,102,490)
                                                           ----------        ----------      -----------

         Net cash used in financing activities                      -          (754,740)      (2,102,490)
                                                           ----------        ----------      -----------

         Net increase (decrease) in cash and
         cash equivalents                                      23,060           (79,844)          66,298

CASH AND CASH EQUIVALENTS:

     Beginning of year                                        132,539           212,383          146,085
                                                           ----------        ----------      -----------

     End of year                                           $  155,599        $  132,539      $   212,383
                                                           ==========        ==========      ===========


                   The accompanying notes are an integral
                           part of this schedule.
</TABLE>


                                     14

<PAGE>
<PAGE>

<TABLE>
                                    COMMUNITY INVESTMENT PARTNERS, L.P.

                                STATEMENTS OF CHANGES IN PARTNERSHIP CAPITAL

                             For the Years Ended December 31, 2000, 1999 and 1998


<CAPTION>
                                                           ---------------------------------------------------
                                                              LIMITED            GENERAL
                                                            PARTNERSHIP        PARTNERSHIP
                                                              CAPITAL            CAPITAL              TOTAL
                                                           ------------       ------------        ------------
<S>                                                        <C>                <C>                 <C>
Balance, December 31, 1997                                 $  1,754,109       $    389,828        $  2,143,937

Distribution                                                 (1,712,482)          (390,008)         (2,102,490)

Net Income                                                      394,426             89,830             484,256
                                                           ------------       ------------        ------------

Balance, December 31, 1998                                 $    436,053       $     89,650        $    525,703

Distribution                                                   (614,740)          (140,000)           (754,740)

Net Income                                                      370,306             84,336             454,642
                                                           ------------       ------------        ------------

Balance, December 31, 1999                                 $    191,619       $     33,986        $    225,605

Net Loss                                                        (29,517)            (6,714)            (36,231)
                                                           ------------       ------------        ------------

Balance, December 31, 2000                                 $    162,102       $     27,272        $    189,374
                                                           ============       ============        ============




                   The accompanying notes are an integral
                           part of this schedule.
</TABLE>



                                     15

<PAGE>
<PAGE>


                     COMMUNITY INVESTMENT PARTNERS, L.P.

                        NOTES TO FINANCIAL STATEMENTS

1.   GENERAL

     Partnership Organization
     ------------------------

         Community Investment Partners, L.P. (the "Partnership") was formed
     on October 10, 1989, under the Revised Uniform Limited Partnership Act
     of Missouri. CIP Management, L.P., LLLP, the Managing General Partner,
     is a Missouri limited liability limited partnership formed on October
     10, 1989 as a limited partnership and registered as a limited liability
     limited partnership on July 23, 1997. The general partner of CIP
     Management, L.P., LLLP is CIP Management, Inc., an indirect subsidiary
     of Edward D. Jones & Co., L.P.

     Partnership Dissolution
     -----------------------

         During 1999, the Limited Partners voted to sell Partnership assets
     and thereby effect the dissolution of the Partnership pursuant to
     section 9.1.1 of the Partnership Agreement.

         The Partnership is scheduled to receive the final Innovation
     Medical Technologies, Inc. escrow disbursement in July 2001 in the
     amount of $48,375. The payment is contingent upon and subject to
     reduction by any indemnity claims pursuant to a merger between
     Innovation Medical Technologies, Inc., and Alcon Surgical, Inc., a
     company in which the Partnership had previously invested. After July
     2001, the Partnership expects to complete the dissolution process.

     Business
     --------

         The Partnership elected to be a business development company under
     the Investment Company Act of 1940, as amended. As a business
     development company, the Partnership is required to invest at least 70%
     of its assets in qualifying investments as specified in the Investment
     Company Act. The Managing General Partner is responsible for making the
     Partnership's investment decisions.

         The Partnership has sought long-term capital appreciation by making
     investments in companies and other special investment situations. The
     Partnership is not permitted to engage in any other business or
     activity.

     Risk of Ownership
     -----------------

         The purchase and ownership of Partnership Units involve a number of
     significant risks and other important factors. The portfolio company
     investments of the Partnership involve a high degree of business and
     financial risk that can result in substantial losses. Among these are
     the risks associated with investments in companies with little
     operating history, companies operating at a loss or with substantial
     variations in operating results from period to period, companies with
     the need for substantial additional capital to support expansion or
     achieve or maintain a competitive position, companies which may be
     highly leveraged, companies which may not be diversified and companies
     in which the Partnership may be the sole or primary lender. The
     Partnership intends to invest in only a few companies; therefore, a
     loss or other problem with a single investment could have a material
     adverse effect on the Partnership.


                                     16

<PAGE>
<PAGE>

2.   ALLOCATION OF PARTNERSHIP PROFITS AND LOSSES

         The Partnership Agreement generally provides for the allocation of
     profits and losses pro rata based on the Partners' capital
     contributions. Refer to the Partnership Agreement for more detailed
     information.

3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Cash and Cash Equivalents
     -------------------------

         All short-term investments with original maturities of three months
     or less are considered to be cash equivalents.

     Investment Transactions
     -----------------------

         All portfolio investments are carried at cost until significant
     developments affecting an investment provide a basis for revaluation.
     Thereafter, portfolio investments are carried at fair value as obtained
     from outside sources or at a value determined quarterly by the Managing
     General Partner under the supervision of the Independent General
     Partners. Due to the inherent uncertainty of valuation, those estimated
     values for portfolio investments carried at cost may differ
     significantly from the values that would have been used had a ready
     market for the investment existed, and the differences could be
     material to the financial statements. Investments in securities traded
     on a national securities exchange are valued at the latest reported
     sales price on the last business day of the period. If no sale has
     taken place, the securities are valued at the last bid price. If no bid
     price has been reported, or if no exchange quotation is available, the
     securities are valued at the quotation obtained from an outside broker.
     Investment transactions are recorded on a trade date basis. Income is
     recorded on an accrual basis.

     Use of Estimates
     ----------------

         The preparation of financial statements in conformity with
     generally accepted accounting principles requires management to make
     estimates and assumptions that affect the reported amounts of assets
     and liabilities and disclosure of contingent assets and liabilities as
     of 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.

     Income Taxes
     ------------

         Income taxes have not been provided for as the Partnership is a
     limited partnership and each partner is liable for its own tax
     payments. Allocation of Partnership profits and losses for tax purposes
     is based upon taxable income which may differ from net income for
     financial reporting purposes primarily due to differences between book
     and tax accounting for portfolio investments.

     Distributions
     -------------

         When excess cash, if any, becomes available, it is the
     Partnership's intent to make distributions. All distributions are
     subject to the sole discretion of the Managing General Partner and the
     Independent General Partners.


                                     17

<PAGE>
<PAGE>

4.   PER UNIT INFORMATION

          There is no market for the Limited Partnership interests. Per unit
     information is as follows:

<TABLE>
<CAPTION>
                                                                   For the Years Ended December 31,
                                                           -----------------------------------------------
                                                              2000               1999              1998
                                                           ----------         ----------        ----------
<S>                                                        <C>                <C>               <C>
Number of unit holders                                            104                104               104
                                                           ==========         ==========        ==========

Limited partnership units                                      87,820             87,820            87,820

General partnership units                                      20,000             20,000            20,000
                                                           ----------         ----------        ----------

Total units outstanding                                       107,820            107,820           107,820
                                                           ==========         ==========        ==========

Net asset value per unit                                   $     1.75         $     2.09        $     4.88
                                                           ==========         ==========        ==========

Net (loss) income per unit                                 $     (.34)        $     4.22        $     4.49
                                                           ==========         ==========        ==========
</TABLE>



5.   RELATED PARTY TRANSACTIONS

         The Partnership is furnished with certain non-reimbursed management
     and accounting services by affiliates, which are not reflected in the
     accompanying financial statements.

         The Partnership may place its General Partners on Boards of
     Directors of portfolio companies.

         The Managing General Partner is also the managing general partner
     of Community Investment Partners II, L.P., and Community Investment
     Partners III, L.P., LLLP, both business development companies, and
     Community Investment Partners IV, L.P., LLLP, an employees' securities
     company.


                                     18

<PAGE>
<PAGE>


6.   INVESTMENT TRANSACTIONS

     Following is a summary of portfolio investment transactions during the
     years ended December 31, 1999 and 1998, respectively. There were no
     investment transactions during the year ended December 31, 2000.

<TABLE>
<CAPTION>
     For the year ended December 31, 1999
     ------------------------------------

                                             Type of                                                   Realized
     Company                                 Investment               Cost            Proceeds        Gain (Loss)
     -------                                 ----------            ----------        ----------       -----------
     <S>                                    <C>                    <C>               <C>              <C>
     SALES:

     Isolyser Company, Inc.                 Common Stock           $  262,203        $  247,194       $  (15,009)

     Citation Computers                     Common Stock               33,578            25,857           (7,721)

     Intermedia Communications
     of Florida                             Common Stock               18,397           341,326          322,929

     Saztec International, Inc.             Common Stock               78,324            10,115          (68,209)

     Innovation Medial                      Escrow
     Technologies, Inc.                     Disbursement                    -            87,536           87,536

     Vision Partners, L.P.                  Escrow
                                            Disbursement                    -             2,487            2,487
                                                                   ----------        ----------       ----------

         TOTAL SALES                                               $  392,502        $  714,515       $  322,013
                                                                   ==========        ==========       ==========




                                     19

<PAGE>
<PAGE>


<CAPTION>
For the year ended December 31, 1998
------------------------------------


                                               Type of                                                 Realized
     Company                                   Investment             Cost            Proceeds        Gain (Loss)
     -------                                   ----------          ----------        ----------       -----------
     <S>                                       <C>                 <C>               <C>              <C>
     SALES:

     Innovation Medical                        Term Notes
     Technologies, Inc.                        and Warrants        $   40,763        $   40,763       $        -

     Innovation Medical                        Term Notes
     Technologies, Inc.                        and Warrants            15,008            15,008                -

     Innovation Medical                        Liquidation of
     Technologies, Inc.                        Preferred Stock        239,994         1,410,596        1,170,602

     Intermedia Communications
     of Florida                                Common Stock            19,712           546,919          527,207

     Vision Partners, L.P.                     Liquidation of
                                               Limited
                                               Partnership
                                               Interests              574,965           114,475         (460,490)
                                                                   ----------        ----------       ----------


         TOTAL SALES                                               $  890,442        $2,127,761       $1,237,319
                                                                   ==========        ==========       ==========
</TABLE>




     During 1998, there was a two-for-one stock split on Intermedia
     Communications of Florida common stock. The Partnership's 6,535
     remaining shares of common stock were converted into a total of 13,070
     shares of common stock.



                                     20

<PAGE>
<PAGE>


Item 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURES

     None







                                     21

<PAGE>
<PAGE>

                                  PART III

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     There are two Independent General Partners and one Managing General
Partner of the Partnership. These Independent General Partners and the
Managing General Partner are responsible for the management and
administration of the Partnership. The General Partners are "interested
persons" of the Partnership as defined by the Investment Company Act of
1940, but the Partnership has obtained an exemptive order from the
Securities and Exchange Commission permitting them to be considered
disinterested persons. The Independent General Partners provide overall
guidance and supervision with respect to the operations of the Partnership
and perform the various duties imposed on the directors of a business
development company by the Investment Company Act. In addition to general
fiduciary duties, the Independent General Partners supervise the management
and underwriting arrangement of the Partnership, the custody arrangement
with respect to portfolio securities, the selection of accountants, fidelity
bonding and transactions with affiliates.

Specific Information regarding the Independent General Partners:

     Tommy L. Gleason, Jr., 55, has been an Independent General Partner of
the Partnership since February 1990. Mr. Gleason is the Chairman and Chief
Executive Officer of Galaxy Systems Management, Inc., the general Partner of
Galaxy Telecom, L.P., which is involved in management of cable television
systems located in sixteen states and serving approximately 175,000
subscribers. Mr. Gleason owns 4,000 Units.

     E. Stanley Kroenke, 53, has served as an Independent General Partner of
the Partnership since February 1990. Mr. Kroenke leads a company that is a
national investor, developer, and owner of commercial real estate. The
company is a developer and owner of numerous shopping centers, office
buildings and apartment projects around the country. Mr. Kroenke is co-owner
of the St. Louis Rams National Football League franchise. He serves as a
member of the board of directors of Wal-Mart Stores, Inc., Bentonville,
Arkansas; Central Bancompany, Jefferson City, Missouri; and Boone County
National Bank, Columbia, Missouri. He is a trustee of the College of the
Ozarks in Point Lookout, Missouri. He also serves on the boards of the
Greater St. Louis Area Council Boy Scouts of America and the St. Louis Art
Museum. Mr. Kroenke owns 4,000 Units.

     CIP Management, L.P., LLLP, (the "Managing General Partner") is the
Managing General Partner of Community Investment Partners, L.P. The Managing
General Partner is also managing general partner of Community Investment
Partners II, L.P. and Community Investment Partners III L.P., LLLP, which
are also business development companies, and Community Investment Partners
IV L.P., LLLP, an Employees' Securities Company. The General Partners of the
Managing General Partner are CIP Management, Inc., a Missouri corporation
and a wholly-owned subsidiary of Edward D. Jones & Co., L.P., and Daniel A.
Burkhardt.



                                     22

<PAGE>
<PAGE>

The Directors and Officers of CIP Management, Inc. are as follows:

     Daniel A. Burkhardt, 53, President, Treasurer and Director of CIP
Management, Inc. since October 1989 and general partner of CIP Management,
L.P., LLLP since February 1990. He is a general partner of The Jones
Financial Companies, L.L.L.P., the parent company of Edward D. Jones & Co.,
L.P. where he has specialized in investment banking and structuring
investments since 1980. He is a director of SEMCO Energy, Inc. Mr. Burkhardt
is the beneficial owner of 2,105 Units.

     Ray L. Robbins, Jr., 56, Vice President and Director of CIP Management,
Inc. since October 1989. He is a general partner of The Jones Financial
Companies, L.L.L.P., the parent company of Edward D. Jones & Co., L.P.,
where he has specialized in securities analysis since 1984, and where he was
responsible for municipal bond transactions from 1975 to 1983. Mr. Robbins
is Co-Chairman of the Edward D. Jones & Co., L.P. Investment Policy
Committee. Mr. Robbins is a beneficial owner of 2,000 Units.

     Marilyn A. Gaffney, 42, Secretary of CIP Management, Inc. since October
1989. She is a Limited Partner of The Jones Financial Companies, L.L.L.P.,
the parent company of Edward D. Jones & Co., L.P., where she has been a
senior investment adviser in investment banking since 1980. Ms. Gaffney is
the beneficial owner of 200 Units.

Item 11. EXECUTIVE COMPENSATION

     The information set forth under the caption "Partnership Distributions
and Allocations" in the Prospectus of the Partnership dated March 12, 1990,
filed with the Securities and Exchange Commission pursuant to Rule 497(b)
under the Securities Act of 1933, is incorporated herein by reference.

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The information concerning the security ownership of the General
Partner, Independent General Partners and the Officers and Directors of CIP
Management, Inc., described in Items 1 and 10, is herein incorporated by
reference.

     As of March 15, 2001, the following parties are known by the
Partnership to be the beneficial owners of more than 5% of the Units.

<TABLE>
<CAPTION>
                                                          Amount of
                                                          Beneficial           % of Limited          % of General
                                                          Ownership            Partnership           Partnership
         Name                                             of Units               Capital                Capital
         ----                                         --------------------------------------------------------------
<S>                                                         <C>                   <C>                      <C>
         Mid-American Capital Co.                           10,000                11.39%                     -
         Richard P. Kiphart                                  4,590                 5.23%
         CIP Management L.P., LLLP                          19,800                     -                   99%
</TABLE>

     The Partnership is not aware of any arrangement which may, at a
subsequent date, result in a change of control of the Partnership.




                                     23

<PAGE>
<PAGE>


Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     Certain relationships and related transactions, described in Item 10,
are herein incorporated by reference.





                                     24

<PAGE>
<PAGE>

                                   PART IV

Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

     a.      The following documents are filed as part of this report:

     1.      Financial Statements:
             --------------------

             See Index to Financial Statements and Supplementary Data
                  contained in Item 8 of this Form 10-K.

     2.      Financial Statement Schedules:
             -----------------------------

             All  financial statement schedules are omitted because they are
                  not applicable or the required information is included in
                  the balance sheet or notes thereto.

     3.      Exhibits:
             --------

             (3)  Amended and Restated Certificate and Agreement of Limited
                         Partnership dated as of March 29, 1990.

             (4)  Form of Unit Certificate. *

             (10) Management Agreement dated March 28, 1990, between the
                         Partnership and CIP Management, L.P., LLLP**

             (28) Prospectus of the Partnership dated March 12, 1990, filed with
                         the Securities and Exchange Commission in connection
                         with Registration Statement No. 33-31649 on Form N-2
                         under the Securities Act of 1933. ***

             *    Incorporated by reference to Exhibit A of the Prospectus of
                         the Partnership dated March 12, 1990 filed with the
                         Securities and Exchange Commission pursuant to Rule
                         497(b) under the Securities Act of 1933.

             **   Incorporated by reference to the Partnership's Proxy Statement
                         filed with the Securities Exchange Commission on
                         March 11, 1991.

             ***  Incorporated by reference to the Partnership's Registration
                         Statement No. 33-31649 on Form N-2 under the Securities
                         Act of 1933.

    a.       No reports on Form 8-K were filed during the quarter ended
             December 31, 2000.

    c.       Exhibits filed as part of this report are included in
             Item (14)(a)(3) above.

    d.       All financial statement schedules are omitted because they are not
             applicable or the required information is included in the balance
             sheet or notes thereto.


                                     25

<PAGE>
<PAGE>


                                 SIGNATURES


     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized, on this
29th day of March, 2001.

                                     Community Investment Partners, L.P.
                                     By:   CIP Management, L.P., LLLP, its
                                           Managing General Partner

                                           By:  CIP Management, Inc., its
                                                Managing General Partner



                                           /s/ Daniel A. Burkhardt, President
                                           -------------------------------------
                                           By:  Daniel A. Burkhardt, President


     Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities indicated.


/s/  Daniel A. Burkhardt
______________________________            General Partner of CIP Management
     Daniel A. Burkhardt                  L.P., LLLP, President, Treasurer and
                                          Director of CIP Management, Inc.



/s/  Ray L. Robbins
______________________________            Vice President and Director of CIP
     Ray L. Robbins                       Management, Inc.



/s/  Tommy L. Gleason, Jr.
______________________________            Individual General Partner,
     Tommy L. Gleason, Jr.                Community Investment Partners, L.P.



/s/  E. Stanley Kroenke
______________________________            Individual General Partner,
     E. Stanley Kroenke                   Community Investment Partners, L.P.



                                     26

<PAGE>
<PAGE>

<TABLE>
                                       INDEX TO EXHIBITS

<CAPTION>
Exhibit
Number                                 Description of Exhibit                        Page
------                                 ----------------------                        ----
<S>                            <C>                                                   <C>
(3)                            Amended and Restated Certificate and
                               Agreement of Limited Partnership dated
                               as of March 29, 1990                                   *

(4)                            Form of Unit Certificate                               *

(10)                           Management Agreement dated March 28, 1990,
                               between the Partnership and CIP Management,
                               L.P., LLLP                                             *

(28)                           Prospectus of the Partnership dated March 12,
                               1990, filed with the Securities and Exchange
                               Commission in connection with Registration
                               Statement No. 33-31649 on Form N-2 under the
                               Securities Act of 1933                                 *


<FN>
----------------------

*Incorporated by reference
</TABLE>




                                         27