----

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**UNITED      STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**___________________**

**FORM        10-KSB**

**x**
**        Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of        1934**

**For        the fiscal year ended December 31, 2006**

** ̈**
**        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 0-28376**

**_______________________**

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING        TRUST**

| **                     Delaware   **     | **                     94-3209289   **                                        |
|------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|
| (State                  or other jurisdiction of                       | (I.R.S.                  Employer                                                                           |
| incorporation                  or organization)                        | Identification                  No.)                                                                        |
|                                                                   |                                                                                                        |
| **405                  Lexington Avenue, 67th floor**                  |                                                                                                        |
| **                     New York, NY   ** | **                          10174       ** |
| (Address                  of principal executive offices)              | (Zip                  code)                                                                                 |

**_______________________**

|                     Beneficial Interests   |                                 N/A               |
|----------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Title                  of class)                              | (Name                  of each exchange on which                  registered)                                                                                                                 |

|                                  N/A                                |                                N/A                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Title                  of class)                                                                                                                                                                | (Name                  of each exchange on which                  registered)                                                                                                                       |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

|                      |                                                                                                                                                                    |                     |
|---------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|
|                      |                                                                                                                                                                    | Page                     |
|                      | **PART                  I**                                                                                                                                             |                     |
|                      |                                                                                                                                                                    |                     |
| Item                  1.  | Description                  of Business                                                                                                                                | 2                        |
|                      |                                                                                                                                                                    |                     |
| Item                  2.  | Description                  of Property                                                                                                                                | 3                        |
|                      |                                                                                                                                                                    |                     |
| Item                  3.  | Legal                  Proceedings                                                                                                                                      | 4                        |
|                      |                                                                                                                                                                    |                     |
| Item                  4.  | Submission                  of Matters to a Vote of Security Holders                                                                                                    | 4                        |
|                      |                                                                                                                                                                    |                     |
|                      | **PART                  II**                                                                                                                                            |                     |
|                      |                                                                                                                                                                    |                     |
| Item                  5.  | Market                  for the Trust's Beneficial Units                                                                                                                | 4                        |
|                      |                                                                                                                                                                    |                     |
| Item                  6.  | Management's                  Discussion and Analysis or Plan of Operation                                                                                              | 4                        |
|                      |                                                                                                                                                                    |                     |
| Item                  7.  | Financial                  Statements                                                                                                                                   | 8                        |
|                      |                                                                                                                                                                    |                     |
| Item                  8.  | Changes                  in and Disagreements with Accountants on Accounting and                  Financial                                                             |                     |
|                      | Disclosure                                                                                                                                                              | 9                        |
|                      |                                                                                                                                                                    |                     |
| Item                  8a. | Controls                  and Procedures                                                                                                                                | 9                        |
|                      |                                                                                                                                                                    |                     |
| Item                  8b. | Other                  Information                                                                                                                                      | 9                        |
|                      |                                                                                                                                                                    |                     |
|                      | **PART                  III**                                                                                                                                           |                     |
|                      |                                                                                                                                                                    |                     |
| Item                  9.  | Directors,                  Executive Officers, Promoters, Control Persons and Corporate Governance;                  Compliance With Section 16(a) of the Exchange Act | 10                       |
|                      |                                                                                                                                                                    |                     |
| Item                  10. | Executive                  Compensation                                                                                                                                 | 11                       |
|                      |                                                                                                                                                                    |                     |
| Item                  11. | Security                  Ownership of Certain Beneficial Owners and Management and                  Related                                                            |                     |
|                      | Beneficial                  Interest Matters                                                                                                                            | 11                       |
|                      |                                                                                                                                                                    |                     |
| Item                  12. | Certain                  Relationships and Related Transactions, and Director                  Independence                                                             | 12                       |
|                      |                                                                                                                                                                    |                     |
| Item                  13. | Exhibits                                                                                                                                                                | 12                       |
|                      |                                                                                                                                                                    |                     |
| Item                  14. | Principal                  Accountant Fees and Services                                                                                                                 | 13                       |
|                      |                                                                                                                                                                    |                     |
|                      | 2006                  Annual Report                                                                                                                                     | 15                  - 30 |

----

**PART        I**

**TABLE        1**

|   |   |                                        |         |   | Realizable |   |
|--------|--------|---------------------------------------------|--------------|--------|------------|--------|
| Units  |   | Type                                        | Manufacturer |   | Amounts    |   |
|   |   |                                        |         |   |       |   |
| 1      |   | Double-hull                  product tanker | Hyundai      | $      | 15,000     |   |

----

----

**PART        II**

| ITEM                  5. | MARKET                  FOR THE TRUST'S BENEFICAL UNITS |
|--------------------------|---------------------------------------------------------|

| ITEM                  6. | MANAGEMENT'S                  DISCUSSION AND ANALYSIS OR PLAN OF                  OPERATION |
|--------------------------|---------------------------------------------------------------------------------------------|

----

----

| Increase                  in marine container net realizable value   | $      | 368  |   |
|----------------------------------------------------------------------|--------|------|--------|
| Increase                  in other non-equipment costs               |   | (3   | )      |
| Decrease                  in marine vessel net realizable value      |   | (39  | )      |
| Decrease                  in aircraft equipment net realizable value |   | (280 | )      |
| Total                  decrease to liquidation values                | $      | 46   |   |

----

----

----

| (A)   | Disagreements                with Accountants on Accounting and Financial                Disclosures |
|-----------------|------------------------------------------------------------------------------------------------------|
| (B)   | Changes                in Accountants |
|-----------------|---------------------------------------|

| 1. | Form                  8-K dated September 27, 2006 announcing an agreement by the Fund                  to sell                  certain of its marine containers. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.     | Form                  8-K dated September 29, 2006 announcing the dissolution and liquidation                  of                  the Fund and the formation of Professional Lease Management Income                  Fund I,                  L.L.C. Liquidating Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 3.     | Form                  8-K dated October 4, 2006 announcing the completion of the sale                  of certain                  of the Trust’s marine containers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 4.     | Form                  8-K dated December 4, 2006 announcing the sale of the remaining                  marine                  containers owned by the Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 5.     | Form                  8-K dated December 4, 2006 announcing the sale of a McDonnell Douglas                  DC-9-82 aircraft owned by TWA MD-82 Trust, an entity in which the                  Trust                  owns a 50% interest. This Form 8-K also announced that the lessee                  of the                  same McDonnell Douglas DC-9-82 aircraft terminated the lease for                  this                  aircraft prior to its schedule expiration date and immediately                  prior to                  its sale. This Form 8-K also announced that another entity in which                  the                  Trust owned a 50% beneficial interest had agreed to sell another                  McDonnell                  Douglas DC-9-82 aircraft. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 6.     | Form                  8-K dated December 19, 2006 announcing the completion of the sale                  of a                  McDonnell Douglas DC-9-82 aircraft owned by TWA S/N 48183 Trust,                  an entity                  in which the Trust owns a 50% interest. This Form 8-K also announced                  that                  the lessee of the same McDonnell Douglas DC-9-82 aircraft terminated                  the                  lease for this aircraft prior to its schedule expiration date and                  immediately prior to its sale.                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 7.     | Form                  8-K dated December 22, 2006 announcing a cash distribution to the                  beneficial interest holders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 8.     | Form                  8-K dated December 28, 2006 announcing the intent of the charterer                  of the                  marine vessel to early terminate the charter by prepaying the charter                  balance and to exercise its purchase option in the Charter                  Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 9.     | Form                  8-K dated March 16, 2007 announcing the completion of the option                  by the                  charterer of the marine vessel to early terminate the charter by                  prepaying                  the charter balance and exercise the purchase option in the Charter                  Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.    | Form                  8-K dated March 23, 2007 announcing a cash distribution to the                  beneficial                  interest holders to be paid on March 30, 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

**PART        III**

| ITEM                  9. | DIRECTORS,                  EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERNANCE;                  COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT  |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                                | Age    | Position                                                                                                                      |
|-------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------|
|                                |   |                                                                                                                          |
| Paul                  M. Leand, Jr, | 40     | Chairman                  of the Board of Directors, President and Secretary of PLM                  Financial Services, Inc. |
|                                |   |                                                                                                                          |
| James                  G. Dolphin   | 39     | Director,                  PLM Financial Services, Inc.                                                                       |
|                                |   |                                                                                                                          |
| Richard                  K Brock    | 44     | Chief                  Financial Officer, PLM Financial Services, Inc.                                                        |

** **

----

| - | the                    integrity and values of FSI, including the ethical handling of                  actual or                  apparent conflicts of interest between personal and professional                  relationships; |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| - | compliance                  with applicable governmental laws, rules and                  regulations;                                                                                                                             |
| - | internal                  reporting of violations of the Code of Ethics to any member of                  FSI’s Board                  of Directors; and                                                                     |
| - | accountability                  for adherence to the Code of                  Ethics.                                                                                                                                              |

| ITEM                  11. | SECURITY                  OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED                  BENEFICAL INTEREST MATTERS |
|---------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | Security                Ownership of Management |
|-----------------|-------------------------------------------------|

----

| ITEM                  12. | CERTAIN                  RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR                  INDEPENDENCE |
|---------------------------|-------------------------------------------------------------------------------------------------------------|

| 4.     | Operating                  Agreement of Fund, incorporated by reference to the Fund’s                  Registration Statement on Form S-1 (Reg. No. 33-55796) which                  became effective with the Securities and Exchange Commission on                  May 25,                  1993.                                                                                                                                                                                                                                                             |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 4.1    | Plan                  of Dissolution and Liquidation dated as of September 29, 2006 between                  Professional Lease Management Income Fund I, L.L.C. and PLM Financial                  Services, Inc. incorporated by reference to the Trust’s Form 8-K dated                  September 29, 2006 filed with the Securities and Exchange Commission                  on                  September 29, 2006.                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 4.2    | Liquidating                  Trust Agreement dated as of September 29, 2006 by and between Professional                  Lease Management Income Fund I, L.L.C. as grantor and PLM Financial                  Services, Inc. as the Trustee for Professional Lease Management                  Income                  Fund I, L.L.C. Liquidating Trust incorporated by reference to the                  Trust’s                  Form 8-K dated September 29, 2006 filed with the Securities and                  Exchange                  Commission on September 29, 2006. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.1   | Management                  Agreement between the Fund and PLM Investment Management, Inc.                   incorporated by reference to the Professional Lease Management                  Income Fund                  I, L.L.C.’s Registration Statement on Form S-1                  (Reg. No. 33-55796) which became effective with the Securities                  and Exchange Commission on May 25, 1993.                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.2   | Container                  Purchase Agreement dated September 27, 2006 by and among the Fund,                  PLM                  Equipment Growth Fund VI Liquidating Trust, PLM Equipment Growth&                  Income Fund VII Liquidating Trust, PLM Financial Services, Inc.,                  and CAB                  Container Partners incorporated by reference to the Trust’s Form 8-K dated                  October 4, 2006 filed with the Securities and Exchange Commission                  on                  October 5, 2006.                       |

----

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.3   | Purchase                  and Sale Agreement dated as of December 4, 2006 by and among Capital                  Lease                  Limited, Capital Lease GmbH, PLM Financial Services, Inc., the                  Trust, PLM                  Equipment Growth Fund VI Liquidating Trust, and PLM Equipment Growth&                  Income Fund VII Liquidating Trust incorporated by reference to                  the Trust’s                  Form 8-K dated December 4, 2006 filed with the Securities and Exchange                  Commission on December 4, 2006. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.4   | Aircraft                  and Equipment Sale Agreement dated as of December 4, 2006 between                  PLM                  Financial Services, Inc., not in its individual capacity but solely                  as                  owner trustee, and Apollo Aviation Capital, L.L.C. incorporated                  by                  reference to the Trust’s Form 8-K dated December 4, 2006 filed with the                  Securities and Exchange Commission on December 7, 2006.                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.5   | Time                  Charter Party Agreement between Cordova Vessel Partnership and                  Champion                  Shipping A/S dated as of December 19, 2005 incorporated by reference                  to                  the Fund’s Form 10-QSB dated June 30, 2006 filed with the Securities and                  Exchange Commission on August 11, 2006.                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 14     | PLM                  Financial Services Inc. Code of Ethics.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 31.1   | Certification                  of President Pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a),                  As                  Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002.                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 31.2   | Certification                  of Chief Financial Officer Pursuant to Exchange Act Rules 13a-14(a)                  and                  15d-14(a), As Adopted Pursuant to Section 302 of the Sarbanes-Oxley                  Act of                  2002.                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 32.1   | Certification                  of President Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant                  to                  Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 32.2   | Certification                  of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350,                  as Adopted                  Pursuant to Section 906 of the Sarbanes-Oxley Act of                  2002.                                                                                                                                                                                                                                                                                                                                                                   |

| ITEM                  14. | PRINCIPAL                  ACCOUNTANT FEES AND SERVICES |
|---------------------------|---------------------------------------------------------|

|   |   | Audit |   | Audit                         |   | Tax  |   | All                  Other |   |
|--------|--------|-------|--------|-------------------------------|--------|------|--------|----------------------------|--------|
|   |   | Fees  |   | Related                  Fees |   | Fees |   | Fees                       |   |

| For                  the period from September 29, 2006 (inception) through December                  31,                  2006 |   | $                              -- |   |   | $                                -- |   |   | $                                 -- |   |   | $                                 -- |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------|--------|

----

| Dated:                  March 27, 2007 |   | PROFESSIONAL                  LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING                  TRUST                                                                                                  |
|----------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                   |   |                                                                                                                                                                                                     |
|                                   |   | By: PLM                  Financial Services, Inc.,                                                                                                                                             |
|                                   |   | Trustee                                                                                                                                                                                                  |
|                                   |   |                                                                                                                                                                                                     |
|                                   |   |                                                                                                                                                                                                     |
|                                   |   |                                                                                                                                                                                                     |
|                                   |   | By: /s/                  Paul                  M. Leand                                                                  |
|                                   |   | Paul                  M. Leand                                                                                                                                                                           |
|                                   |   | President                                                                                                                                                                                                |
|                                   |   |                                                                                                                                                                                                     |
|                                   |   |                                                                                                                                                                                                     |
|                                   |   |                                                                                                                                                                                                     |
|                                   |   | By: /s/                  Richard K                  Brock                                       |
|                                   |   | Richard                  K Brock                                                                                                                                                                         |
|                                   |   | Chief                  Financial Officer                                                                                                                                                                 |

| Name                                                                                                                                                                                           | Capacity                       | Date                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|---------------------------------|
|                                                                                                                                                                                                     |                           |                            |
|                                                                                                                                                                                                     |                           |                            |
|                                                                                                                                                                                                     |                           |                            |
| /s/                  Paul                  M.                  Leand                                      |                           |                            |
| Paul                  M. Leand                                                                                                                                                                           | Director,                  FSI | March                  27, 2007 |
|                                                                                                                                                                                                     |                           |                            |
|                                                                                                                                                                                                     |                           |                            |
|                                                                                                                                                                                                     |                           |                            |
| /s/                  James                  G.                  Dolphin                                                       |                           |                            |
| James                  G. Dolphin                                                                                                                                                                        | Director,                  FSI | March                  27, 2007 |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**INDEX        TO FINANCIAL STATEMENTS**

|                                                                                                                            | Page   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                            |   |
| Statements                  of Net Assets in Liquidation at December 31, 2006 and                                               |   |
| September                  29, 2006 (inception)                                                                                 | 16     |
|                                                                                                                            |   |
| Statement                  of Changes in Net Assets in Liquidation                                                              |   |
| for                  the period from September 29, 2006 (inception) through December                  31,                  2006 | 17     |
|                                                                                                                            |   |
| Notes                  to financial statements                                                                                  | 18-30  |
|                                                                                                                            |   |

----

| **PROFESSIONAL                  LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING                  TRUST** |
|-------------------------------------------------------------------------------------------------------------|
| **(A                  Trust)**                                                                              |
|                                                                                                             |
| **STATEMENTS                  OF NET ASSETS IN LIQUIDATION**                                                |
| (in                  thousands of dollars)                                                                  |

|   |  December                  31, 2006 |   | September                  29, 2006(inception) |
|--------|------------------------------------------|--------|------------------------------------------------|

| **Assets**                                                          |   |   |   |   |   |   |   |
|---------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                |   |   |   |   |   |   |   |
| Cash                  and cash equivalents                          | $      | 530    |   |   | $      | 4,683  |   |
|                                                                |   |   |   |   |   |   |   |
| Sales-type                  lease receivable                        |   | 15,000 |   |   |   | 16,258 |   |
|                                                                |   |   |   |   |   |   |   |
| Marine                  containers                                  |   | --     |   |   |   | 18,490 |   |
|                                                                |   |   |   |   |   |   |   |
| Equity                  investments in affiliated entities          |   | --     |   |   |   | 4,221  |   |
|                                                                |   |   |   |   |   |   |   |
| Accounts                  receivable, net of allowance for doubtful |   |   |   |   |   |   |   |
| account                  of $4 at December 31, 2006 and             |   |   |   |   |   |   |   |
| $0                  at September 29, 2006                           |   | 367    |   |   |   | 1,434  |   |
|                                                                |   |   |   |   |   |   |   |
| Other                  assets                                       |   | 249    |   |   |   | 153    |   |
|                                                                |   |   |   |   |   |   |   |
| Total                  assets                                       | $      | 16,146 |   |   | $      | 45,239 |   |
|                                                                |   |   |   |   |   |   |   |
| **Liabilities                  and Net Assets in Liquidation**      |
|                                                                |   |   |   |   |   |   |   |
| Liabilities                                                         |   |   |   |   |   |   |   |
|                                                                |   |   |   |   |   |   |   |
| Accounts                  payable and accrued expenses              | $      | 955    |   |   | $      | 990    |   |
|                                                                |   |   |   |   |   |   |   |
| Due                  to affiliates                                  |   | 999    |   |   |   | 927    |   |
|                                                                |   |   |   |   |   |   |   |
| Lessee                  deposits and prepaid revenues               |   | --     |   |   |   | 343    |   |
|                                                                |   |   |   |   |   |   |   |
| Total                  liabilities                                  |   | 1,954  |   |   |   | 2,260  |   |
|                                                                |   |   |   |   |   |   |   |
| Net                  assets in liquidation                          | $      | 14,192 |   |   | $      | 42,979 |   |
|                                                                |   |   |   |   |   |   |   |

----

| **PROFESSIONAL                  LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING                  TRUST**        |
|--------------------------------------------------------------------------------------------------------------------|
| **(A                  Trust)**                                                                                     |
| **STATEMENT                  OF CHANGES IN NET ASSETS IN LIQUIDATION**                                             |
| **For                  the Period from September 29, 2006 (inception) through December                  31, 2006** |
| (in                  thousands of dollars)                                                                         |

|                                                            |   | Non-Trustee                                 |    |          |   |        |   |
|-----------------------------------------------------------------|--------|---------------------------------------------|---------|---------------|--------|-------------|--------|
|                                                            |   | BeneficialInterest                  Holders |    |  Trustee |   |  Total |   |
| Net                  assets at September 29, 2006               |   | $                                           | --      |          | $      | --          |   | $ | -- |   |
|                                                            |   |                                        |    |          |   |        |   |   |   |   |
| Transfer                  of net assets in liquidation on       |   |                                        |    |          |   |        |   |   |   |   |
| September                  29, 2006                             |   |                                        | 32,234  |          |   | 10,745      |   |   | 42,979 |   |
|                                                            |   |                                        |    |          |   |        |   |   |   |   |
| Net                  increase in liquidation value              |   |                                        | 35      |          |   | 11          |   |   | 46 |   |
|                                                            |   |                                        |    |          |   |        |   |   |   |   |
| Cash                  distribution                              |   |                                        | (21,625 | )             |   | (7,208      | )      |   | (28,833 | ) |
|                                                            |   |                                        |    |          |   |        |   |   |   |   |
| Net                  assets in liquidation at December 31, 2006 |   | $                                           | 10,644  |          | $      | 3,548       |   | $ | 14,192 |   |

| Non-Trustee                  beneficial interest holders’ net increase in liquidation |   |   |   |
|---------------------------------------------------------------------------------------------|--------|--------|--------|
| value                  per non-trustee beneficial unit:                                     |   | $      | 0.01   |   |
|                                                                                        |   |   |   |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

| Adjustment                  of assets from historical costs to net |   |   |   |
|--------------------------------------------------------------------|--------|--------|--------|
| realizable                  value, less costs to dispose           | $      | 14,177 |   |
| Adjustment                  to accrued expenses                    |   | (1,363 | )      |
| Total                  adjustment to liquidation basis             | $      | 12,814 |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

| Increase                  in marine container net realizable value   | $      | 368  |   |
|----------------------------------------------------------------------|--------|------|--------|
| Increase                  in other non-equipment costs               |   | (3   | )      |
| Decrease                  in marine vessel net realizable value      |   | (39  | )      |
| Decrease                  in aircraft equipment net realizable value |   | (280 | )      |
| Total                  decrease to liquidation values                | $      | 46   |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

|                                                     |   | TWAS/N                  49183Trust                  1 |   | TWAMD-82Trust                  2 |   | Total  |   |
|----------------------------------------------------------|--------|-------------------------------------------------------|--------|----------------------------------|--------|--------|--------|
|                                                     |   |                                                  |   |                             |   |   |   |
| Assets                                                   |   |                                                  |   |                             |   |   |   |   |   |   |
| Equipment                  less accumulated depreciation |   | $                                                     | --     |                             | $      | --     |   |   |   |   |
| Accounts                  receivable                     |   |                                                  | 100    |                             |   | 100    |   |   |   |   |
| Total                  assets                            |   | $                                                     | 100    |                             | $      | 100    |   |   |   |   |
| Liabilities                                              |   |                                                  |   |                             |   |   |   |   |   |   |
| Due                  to affiliates                       |   | $                                                     | 10     |                             | $      | 10     |   |   |   |   |
| Total                  liabilities                       |   |                                                  | 10     |                             |   | 10     |   |   |   |   |
|                                                     |   |                                                  |   |                             |   |   |   |   |   |   |
| Equity                                                   |   |                                                  | 90     |                             |   | 90     |   |   |   |   |
| Total                  liabilities and equity            |   | $                                                     | 100    |                             | $      | 100    |   |   |   |   |
|                                                     |   |                                                  |   |                             |   |   |   |   |   |   |
| Trust’s                  share of equity           |   | $                                                     | 45     |                             | $      | 45     |   | $ | 90 |   |

|                                                          |   | TWAS/N                  49183Trust                  1 |   | TWAMD-82Trust                  2 |   | Total  |   |
|---------------------------------------------------------------|--------|-------------------------------------------------------|--------|----------------------------------|--------|--------|--------|
|                                                          |   |                                                  |   |                             |   |   |   |
| Lease                  revenues and interest and other income |   | $                                                     | 2,291  |                             | $      | 2,471  |   |   |   |   |
| Gain                  on disposition of equipment             |   |                                                  | 1,941  |                             |   | 1,566  |   |   |   |   |
| Less:                    Operations support         |   |                                                  | 1      |                             |   | --     |   |   |   |   |
| General                  and administrative expenses          |   |                                                  | 177    |                             |   | 209    |   |   |   |   |
| Net                  income                                   |   | $                                                     | 4,054  |                             | $      | 3,828  |   |   |   |   |
|                                                          |   |                                                  |   |                             |   |   |   |   |   |   |
| Trust’s                  share of net income            |   | $                                                     | 2,027  |                             | $      | 1,914  |   | $ | 3,941 |   |

| 1 | The                  Fund owned                  a 50% interest in the TWA S/N 49183 Trust that was formed in 1998                  and                  dissolved in the fourth quarter of 2006 that owned a MD-82 stage                  III                  commercial aircraft. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

|                                                                                                   |   |   | Marine  |   |   | Marine    |   |   |     |   |   | Other     |   |   |   |   |
|---------------------------------------------------------------------------------------------------|--------|--------|--------------|--------|--------|-----------|--------|--------|----------|--------|--------|-----------|--------|--------|--------|--------|
| For                  the period from September 29, 2006                                           |   |   | Vessel       |   |   | Container |   |   | Aircraft |   |   | Non-      |   |   |   |   |
|                          (inception) through December 31, 2006 |   |   | Leasing      |   |   | Leasing   |   |   | Leasing  |   |   | Equipment |   |   | Total  |   |

| Total                  (decrease) increase in liquidation values |   | $      | (39    | )      | $      | 368    |   | $      | (280   | )      | $      | (3     | )      | $      | 46     |   |
|------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  assets at December 31, 2006               |   | $      | 15,616 |   | $      | --     |   | $      | --     |   | $      | 530    |   | $      | 16,146 |   |

| Region |   | Sales-Type                  Lease |
|--------|--------|-----------------------------------|

| Rest                  of the world |   | $ | 15,000 |   |
|------------------------------------|--------|---|--------|--------|

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

|                                             |   |                          |   | September                  29, |   |
|--------------------------------------------------|--------|-------------------------------|--------|--------------------------------|--------|
|                                             |   | December                  31, |   | 2006                           |   |
|                                             |   | 2006                          |   | (inception)                    |   |
| Trade                  accounts receivable       |   | $                             | 371    |                           | $      | 1,434 |   |
| Allowance                  for doubtful accounts |   |                          | (4     | )                              |   | -- |   |
|                                             |   | $                             | 367    |                           | $      | 1,434 |   |

|                                   |   |                          |   | September                  29, |   |
|----------------------------------------|--------|-------------------------------|--------|--------------------------------|--------|
|                                   |   | December                  31, |   | 2006                           |   |
|                                   |   | 2006                          |   | (inception)                    |   |
| Prepaid                  expenses      |   | $                             | 171    |                           | $      | -- |   |
| Inventory                              |   |                          | 78     |                           |   | 134 |   |
| Marketable                  securities |   |                          | --     |                           |   | 19 |   |
|                                   |   | $                             | 249    |                           | $      | 153 |   |

|                               |   |                          |   | September                  29, |   |
|------------------------------------|--------|-------------------------------|--------|--------------------------------|--------|
|                               |   | December                  31, |   | 2006                           |   |
|                               |   | 2006                          |   | (inception)                    |   |
| Accounts                  payable  |   | $                             | 405    |                           | $      | 440 |   |
| Liquidation                  costs |   |                          | 550    |                           |   | 550 |   |
|                               |   | $                             | 955    |                           | $      | 990 |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

|                             |   |                          |   | September                  29, |   |
|----------------------------------|--------|-------------------------------|--------|--------------------------------|--------|
|                             |   | December                  31, |   | 2006                           |   |
|                             |   | 2006                          |   | (inception)                    |   |
| Management                  fees |   | $                             | 999    |                           | $      | 927 |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

| **Assets**                                                                    |   | 2006   |   | 2005   |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Equipment                  held for operating leases, at cost                 |   | $      | --     |   | $      | 46,505 |   |
| Less                  accumulated depreciation                                |   |   | --     |   |   | (32,240 | ) |
| Net                  equipment                                                |   |   | --     |   |   | 14,265 |   |
|                                                                          |   |   |   |   |   |   |   |
| Cash                  and cash equivalents                                    |   |   | 530    |   |   | 4,343 |   |
| Sales-type                  lease receivable                                  |   |   | 15,000 |   |   | -- |   |
| Accounts                  receivable, less allowance for doubtful accounts of |   |   |   |   |   |   |   |
|                      $4 in 2006 and $55 in 2005                |   |   | 367    |   |   | 2,337 |   |
| Equity                  investments in affiliated entities                    |   |   | --     |   |   | 200 |   |
| Other                  assets                                                 |   |   | 260    |   |   | 508 |   |
|                      Total assets                              |   | $      | 16,157 |   | $      | 21,653 |   |
|                                                                          |   |   |   |   |   |   |   |
| **Liabilities                  and capital**                                  |   |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |
| Liabilities                                                                   |   |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |
| Accounts                  payable and accrued expenses                        |   | $      | 405    |   | $      | 591 |   |
| Due                  to affiliates                                            |   |   | 212    |   |   | 166 |   |
| Reserve                  for repairs                                          |   |   | --     |   |   | 198 |   |
| Lessee                  deposits and prepaid revenues                         |   |   | --     |   |   | 343 |   |
|                      Total liabilities                         |   |   | 617    |   |   | 1,298 |   |
|                                                                          |   |   |   |   |   |   |   |
| Commitments                  and contingencies                                |   |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |
| Capital                                                                       |   |   | 15,540 |   |   | 20,355 |   |
|                                                                          |   |   |   |   |   |   |   |
|                      Total liabilities and capital             |   | $      | 16,157 |   | $      | 21,653 |   |

|                                             |   | Total  |    |
|--------------------------------------------------|--------|--------|---------|
| Capital                  as of December 31, 2004 |   | $      | 44,493  |   |
|                                             |   |   |    |   |
| Net                  income                      |   |   | 17,226  |   |
|                                             |   |   |    |   |
| Cash                  distributions              |   |   | (41,364 | ) |
|                                             |   |   |    |   |
| Capital                  as of December 31, 2005 |   |   | 20,355  |   |
|                                             |   |   |    |   |
| Net                  income                      |   |   | 31,649  |   |
|                                             |   |   |    |   |
| Cash                  distributions              |   |   | (36,464 | ) |
|                                             |   |   |    |   |
| Capital                  as of December 31, 2006 |   | $      | 15,540  |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

|                                                                      |   |   | 2006   |   |   | 2005   |   |
|---------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
| **Revenues**                                                              |   |   |   |   |   |   |   |
|                    Lease revenue                                     |   | $      | 3,887  |   | $      | 16,971 |   |
|                    Sales-type lease income                           |   |   | 2,393  |   |   | --     |   |
|                    Interest and other income                         |   |   | 403    |   |   | 544    |   |
|                    Gain on disposition of equipment                  |   |   | 24,181 |   |   | 12,663 |   |
|                      Total revenues                        |   |   | 30,864 |   |   | 30,178 |   |
|                                                                      |   |   |   |   |   |   |   |
| **Expenses**                                                              |   |   |   |   |   |   |   |
|                    Depreciation                                      |   |   | 1,497  |   |   | 4,504  |   |
|                    Operations support                                |   |   | 184    |   |   | 6,299  |   |
|                    Management fees to affiliate                      |   |   | 564    |   |   | 875    |   |
|                    Interest expense                                  |   |   | --     |   |   | 42     |   |
|                    General and administrative expenses to affiliates |   |   | 47     |   |   | 498    |   |
|                    Other general and administrative expenses         |   |   | 901    |   |   | 1,056  |   |
|                    Impairment loss on equipment                      |   |   | 571    |   |   | --     |   |
|                    Provision for bad debts                           |   |   | 139    |   |   | 146    |   |
|                      Total expenses                        |   |   | 3,903  |   |   | 13,420 |   |
|                                                                      |   |   |   |   |   |   |   |
| Equity                  in net income of equity investments               |   |   | 4,688  |   |   | 468    |   |
|                                                                      |   |   |   |   |   |   |   |
|                      Net income                            |   | $      | 31,649 |   | $      | 17,226 |   |

|                                                              |   | First   |   |   | Second  |   |   | Third   |   |   | Fourth  |   |   |   |         |
|-------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|--------|--------------|
|                                                              |   | Quarter |   |   | Quarter |   |   | Quarter |   |   | Quarter |   |   | Total  |         |
|                                                              |   |    |   |   |    |   |   |    |   |   |    |   |   |   |         |
| **Revenues**                                                      |   |    |   |   |    |   |   |    |   |   |    |   |   |   |         |
|                    Lease revenue                             | $      | 1,835   |   | $      | 731     |   | $      | 915     |   | $      | 406     |   | $      | 3,887  |         |
|                    Sales-type lease income                   |   | 495     |   |   | 653     |   |   | 635     |   |   | 610     |   |   | 2,393  |         |
|                    Interest income and other income          |   | 52      |   |   | 91      |   |   | 63      |   |   | 197     |   |   | 403    |         |
|                    Gain on disposition of equipment          |   | 13,852  |   |   | 76      |   |   | 98      |   |   | 10,155  |   |   | 24,181 |         |
|                      Total revenues                |   | 16,234  |   |   | 1,551   |   |   | 1,711   |   |   | 11,368  |   |   | 30,864 |         |
|                                                              |   |    |   |   |    |   |   |    |   |   |    |   |   |   |         |
| **Expenses**                                                      |   |    |   |   |    |   |   |    |   |   |    |   |   |   |    |
|                    Depreciation                              |   | 459     |   |   | 438     |   |   | 422     |   |   | 178     |   |   | 1,497  |         |
|                    Operations support                        |   | 221     |   |   | 70      |   |   | (45     | )      |   | (62     | )      |   | 184    |         |
|                    Management fees to affiliate              |   | 193     |   |   | 127     |   |   | 135     |   |   | 109     |   |   | 564    |         |
|                    General and administrative expenses       |   |    |   |   |    |   |   |    |   |   |    |   |   |   |         |
|                        to affiliates     |   | 11      |   |   | 12      |   |   | 11      |   |   | 13      |   |   | 47     |         |
|                    Other general and administrative expenses |   | 235     |   |   | 197     |   |   | 253     |   |   | 216     |   |   | 901    |         |
|                    Impairment loss on equipment              |   | --      |   |   | --      |   |   | --      |   |   | 571     |   |   | 571    |         |
|                    (Recovery of) provision for bad debts     |   | (8      | )      |   | 6       |   |   | 64      |   |   | 77      |   |   | 139    |         |
|                      Total expenses                |   | 1,111   |   |   | 850     |   |   | 840     |   |   | 1,102   |   |   | 3,903  |         |
| Equity                  in net income of equity                   |   |    |   |   |    |   |   |    |   |   |    |   |   |   |         |
|                      investments                   |   | 136     |   |   | 234     |   |   | 377     |   |   | 3,941   |   |   | 4,688  |         |
| Net                  income                                       | $      | 15,259  |   | $      | 935     |   | $      | 1,248   |   | $      | 14,207  |   | $      | 31,649 |         |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

|                                                                                        |   |   | 2006    |   |   | 2005    |   |
|---------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|
| **Operating                  activities**                                                   |   |   |    |   |   |    |   |
| Net                  income                                                                 |   | $      | 31,649  |   | $      | 17,226  |   |
| Adjustments                  to reconcile net income                                        |   |   |    |   |   |    |   |
|                      to net cash provided by (used in) operating activities: |   |   |    |   |   |    |   |
|                    Depreciation                                                        |   |   | 1,497   |   |   | 4,504   |   |
|                    Amortization on debt placement costs                                |   |   | --      |   |   | 36      |   |
|                    Provision for bad debts                                             |   |   | 139     |   |   | 146     |   |
|                    Gain on disposition of equipment                                    |   |   | (24,181 | )      |   | (12,663 | )      |
|                    Impairment loss on equipment                                        |   |   | 571     |   |   | --      |   |
|                    Equity in net income from equity investments                        |   |   | (4,688  | )      |   | (468    | )      |
|                    Distributions from equity investments                               |   |   | 3,134   |   |   | 1,172   |   |
|                    Changes in operating assets and liabilities:                        |   |   |    |   |   |    |   |
|                      Accounts receivables                                    |   |   | 1,831   |   |   | 1,091   |   |
|                      Other assets                                            |   |   | 263     |   |   | 92      |   |
|                      Accounts payable and accrued expenses                   |   |   | (186    | )      |   | 146     |   |
|                      Due to affiliates                                       |   |   | 46      |   |   | (118    | )      |
|                      Reserve for repairs                                     |   |   | (198    | )      |   | (1,558  | )      |
|                      Lessee deposits and prepaid revenues                    |   |   | (343    | )      |   | 693     |   |
|                        Net cash provided by operating activities   |   |   | 9,534   |   |   | 10,299  |   |
|                                                                                        |   |   |    |   |   |    |   |
| **Investing                  activities**                                                   |   |   |    |   |   |    |   |
| Proceeds                  from liquidations of equity investments                           |   |   | 1,754   |   |   | --      |   |
| Collections                  on sales-type lease receivable                                 |   |   | 2,429   |   |   | 538     |   |
| Proceeds                  from disposition of equipment                                     |   |   | 18,934  |   |   | 29,224  |   |
|                        Net cash provided by investing activities   |   |   | 23,117  |   |   | 29,762  |   |
|                                                                                        |   |   |    |   |   |    |   |
| **Financing                  activities**                                                   |   |   |    |   |   |    |   |
| Payment                  of notes payable                                                   |   |   | --      |   |   | (10,000 | )      |
| Cash                  distributions paid to Class A members and                             |   |   |    |   |   |    |   |
| non-Trustee                  beneficial interest holders                                    |   |   | (27,590 | )      |   | (35,048 | )      |
| Cash                  distributions paid to Class B member and Trustee                      |   |   | (8,874  | )      |   | (6,316  | )      |
|                        Net cash used in financing activities       |   |   | (36,464 | )      |   | (51,364 | )      |
|                                                                                        |   |   |    |   |   |    |   |
| Net                  decrease in cash and cash equivalents                                  |   |   | (3,813  | )      |   | (11,303 | )      |
| Cash                  and cash equivalents at beginning of period                           |   |   | 4,343   |   |   | 15,646  |   |
| Cash                  and cash equivalents at end of period                                 |   | $      | 530     |   | $      | 4,343   |   |
|                                                                                        |   |   |    |   |   |    |   |
| **Supplemental                  information**                                               |   |   |    |   |   |    |   |
| Interest                  paid                                                              |   | $      | --      |   | $      | 6       |   |
| Non-cash                  transfer of equipment from equipment held for                     |   |   |    |   |   |    |   |
| operating                  leases to sales-type lease receivable                            |   | $      | 4,191   |   | $      | --      |   |

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**PROFESSIONAL        LEASE MANAGEMENT INCOME FUND I, L.L.C. LIQUIDATING TRUST**

**(A        Trust)**

**INDEX        OF EXHIBITS**

| Exhibit |   | Page                                                                                                                                                                                                                                                                                                                                                                            |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 4.      |   | Operating                  Agreement of Fund.                                                                                                                                                                                                                                                                                                                                   | * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 4.      | 1      | Plan                  of Dissolution and Liquidation dated as of September 29, 2006 between                  Professional Lease Management Income Fund I, L.L.C. and PLM Financial                  Services, Inc..                                                                                                                                                             |  * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 4.      | 2      | Liquidating                  Trust Agreement dated as of September 29, 2006 by and between Professional                  Lease Management Income Fund I, L.L.C. as grantor and PLM Financial                  Services, Inc. as the Trustee for Professional Lease Management                  Income                  Fund I, L.L.C. Liquidating Trust.                        |   * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 10.     | 1      | Management                  Agreement between Trust and PLM Investment Management,                  Inc..                                                                                                                                                                                                                                                                       | * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 10.     | 2      | Container                  Purchase Agreement dated as of September 27, 2006 by and among                  the Trust,                  PLM Equipment Growth Fund VI Liquidating Trust, PLM Equipment Growth&                  Income Fund VII Liquidating Trust, PLM Financial Services, Inc.,                  and CAB                  Container Partners.                |   * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 10.     | 3      | Purchase                  and Sale Agreement dated as of December 4, 2006 by and among Capital                  Lease                  Limited, Capital Lease GmbH, PLM Financial Services, Inc., the                  Trust, PLM                  Equipment Growth Fund VI Liquidating Trust and PLM Equipment Growth&                  Income Fund VII Liquidating Trust. |   * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 10.     | 4      | Aircraft                  and Equipment Sale Agreement dated as of December 4, 2006 between                  PLM                  Financial Services, Inc., not in its individual capacity but solely                  as                  owner trustee, and Apollo Aviation Capital, L.L.C..                                                                                  |  * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 10.     | 5      | Time                  Charter Party Agreement between Cordova Vessel Partnership and                  Champion                  Shipping A/S dated December 19, 2005.                                                                                                                                                                                                           |  * |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 14.     |   | PLM                  Financial Services Inc. Code of Ethics.                                                                                                                                                                                                                                                                                                                    | 32 |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 31.     | 1      | Certification                  of President Pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a),                  As                  Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002.                                                                                                                                                    |  33 |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 31.     | 2      | Certification                  of Chief Financial Officer Pursuant to Exchange Act Rules 13a-14(a)                  and                  15d-14(a), As Adopted Pursuant to Section 302 of the Sarbanes-Oxley                  Act of                  2002.                                                                                                                     |  34 |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 32.     | 1      | Certification                  of President Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant                  to                  Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                         |  35 |
|    |   |                                                                                                                                                                                                                                                                                                                                                                            |   |
| 32.     | 2      | Certification                  of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350,                  as Adopted                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                           |  36 |