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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UAAjoF3+YAxL7zc6xs0X+vslYxdq2eejGA/T72xGxjH32h4t6XVqfiYYRG3dBqCX
 rwT2BL40FvbCRr+q63U2Pw==

<SEC-DOCUMENT>0000000000-05-028285.txt : 20060406
<SEC-HEADER>0000000000-05-028285.hdr.sgml : 20060406
<ACCEPTANCE-DATETIME>20050607133623
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-05-028285
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050607

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST EQUITY PROPERTIES INC
		CENTRAL INDEX KEY:			0000726516
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				956799846
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1800 VALLEY VIEW LANE
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		2147505800

	MAIL ADDRESS:	
		STREET 1:		1800 VALLEY VIEW LANE
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESPAC INVESTORS TRUST III
		DATE OF NAME CHANGE:	19970123
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>


Mail Stop 4561
      June 7, 2005

Mr. Ken L. Joines
Vice President and Treasurer
First Equity Properties, Inc.
1800 Valley View Lane, Suite 300
Dallas, TX 75234

      Re:	First Equity Properties, Inc.
		Form 10-K for the year ended December 30, 2004
      File No. 0-11777

Dear Mr. Joines:

      We have completed our review of your Form 10-K and related
filings and do not, at this time, have any further comments.


								Sincerely,


      Cicely D. Luckey
      Accounting Branch Chief


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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