SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
 
                                    FORM 8-K
                                 CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): March 11, 1999
 
          PRUDENTIAL-BACHE/A.G. SPANOS GENESIS INCOME PARTNERS L.P., I
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             (Exact name of Registrant as specified in its charter)
 
Delaware                                      0-16861           94-3028298
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(State or other jurisdiction of             (Commission     (I.R.S. Employer
incorporation or organization)              File Number)    Identification No.)
 
1341 West Robinhood, Suite B-9, Stockton, CA 95207
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(Address of principal executive offices) (Zip Code)
 
Registrant's telephone number, including area code: (209) 478-0140
 
                                      N/A
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         (Former name or former address, if changed since last report)


Item 2. Disposition of Assets.
 
   Pursuant to the settlement of the class action which received final approval
by the United States District Court for the Southern District of New York on
July 21, 1998 ("Settlement Agreement"), the Registrant conducted an auction
of all its properties. The Registrant has selected a winning bidder for all
nine properties and has entered into a contract with the buyer. The buyer
of the nine properties is unaffiliated with the Registrant, its affiliates,
its general partners and their respective officers and directors.
 
   On March 11, 1999, the Registrant entered into an agreement to sell the
properties for an aggregate purchase price of $126,333,500 to WXI/SPN 
Real Estate Limited Partnership, a Delaware limited partnership 
(the 'Agreement'). The properties are:
 
   * Mission Trails, a multi-family property, containing 208 units located in
     San Diego, California;
 
   * Le Parc, a multi-family property, containing 188 units located in Marietta,
     Georgia;
 
   * Chelsea Park, a multi-family property, containing 376 units located in
     Norcross, Georgia;
 
   * Casa de Fuentes, a multi-family property, containing 288 units located in
     Overland Park, Kansas;
 
   * Comanche Place, a multi-family property, containing 306 units located in
     Overland Park, Kansas;
 
   * Cypress Pointe, a multi-family property, containing 444 units located in
     Louisville, Kentucky;
 
   * Del Rio, a multi-family property, containing 248 units located in
     Albuquerque, New Mexico;
 
   * Cameron Creek, a multi-family property, containing 446 units located in
     Fort Worth, Texas;
 
   * MacArthur Park, a multi-family property, containing 276 units located in
     Las Colinas, Texas.

   The Registrant does not own the improvements on the Del Rio and
Cameron Creek properties but owns the land on which such improvements are 
built. The Settlement Agreement provides that the sale proceeds attributable 
to Del Rio and Cameron Creek be allocated between the Registrant and owner of
the improvements as follows: (i) first to pay off the existing mortgage
indebtedness (approximately $19,440,000 as of March 1, 1999); (ii) then to the
Registrant to the extent of its original purchase price of the land; (iii)
then to the improvements owner, an affiliate of the Spanos General Partner, to
a specified base amount (approximately $250,000 as of March 1, 1999).
 
   A portion of the purchase price in the amount of $1,650,000 will be placed in
escrow at closing for a 90 day period as security for any surviving obligations
of the Registrant to the buyer under the Agreement.
 
   Pursuant to the Agreement, the closing of the transaction will take place as
soon as practicable after the signing of the Agreement but in no event later
than April 25, 1999, or such later date on or before June 1, 1999 as may be
required by the Registrant in order to prepay the present mortgages on the
properties in accordance with the applicable loan document prepayment
provisions.
 
   No assurance can be given that the sale of these properties will take place
as provided in the Agreement.
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                                   SIGNATURES
 
   Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
 
Prudential-Bache/A.G. Spanos Genesis Income Partners L.P., I (Registrant)
 
By: A.G. Spanos Residential Partners-86, General Partner
 
    By: AGS Financial Corporation, a general partner
 
         By: /s/ Arthur J. Cole                         Date: March 19, 1999
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         Arthur J. Cole
         President and Chief Accounting Officer
 
     By: A.G. Spanos Realty, Inc., a general partner
 
         By: /s/ Arthur J. Cole                         Date: March 19, 1999
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         Arthur J. Cole
         Vice President and Chief Accounting Officer
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