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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date
of Report (Date of earliest event reported): February 13, 2011</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><U>Berthel
Growth &amp; Income Trust I</U></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Exact
name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; width: 33%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Iowa</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; width: 34%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">33-89506</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; width: 33%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">52-1915821</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State of Incorporation)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Commission File
    Number)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(IRS No.)</FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>701
Tama Street, Marion, Iowa 52302</U></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address
of principal executive offices) (Zip Code)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Registrant's
telephone number, including area code: (319) 447-5700</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;&nbsp;&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 12pt/117% Arial, Helvetica, Sans-Serif; margin: 0.3in 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt"><B>Item
8.01&#9;Other Events.</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt">Berthel
SBIC, LLC (Commission File number 811-08451) (&ldquo;<U>Berthel SBIC</U>&rdquo;) is a wholly-owned subsidiary of the registrant.
The registrant previously reported that on January 7, 2009, the United States District Court for the Northern District of Iowa
(the &ldquo;<U>Court</U>&rdquo;) entered a Consent Order and Judgment (the &ldquo;<U>Receivership Order</U>&rdquo;) by which the
Court appointed the United States Small Business Administration (the &ldquo;<U>SBA</U>&rdquo;) as the receiver (the &ldquo;<U>Receiver</U>&rdquo;)
for Berthel SBIC. </FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt">On
February 13, 2012, the Court entered an order (the &ldquo;<U>Final Order</U>&rdquo;), a copy of which is furnished as Exhibit
99.1 hereto. In the Final Order, the Court (i) approves the Third and Final Receiver&rsquo;s Report for the Period January 1,
2011, through December 19, 2011 (the &ldquo;<U>Final Receiver&rsquo;s Report</U>&rdquo;), (ii) approves every act, tranaction,
receipt and disbursement reported in the Final Receiver&rsquo;s Report, (iii) orders the termination of the Berthel SBIC receivership,
(iv) discharges all claims against and obligations of the receivership estate, the Receiver and Berthel SBIC, (v) lifts the stay
and injunction imposed by paragraph 7 of the Receivership Order, (vi) discharges the SBA as Receiver, (vii) discharges and releases
the SBA, its employees, officers, agents, contractors, attorneys and any other person who acted on behalf of the Receiver against
any and all claims, obligations, and liabilities arising from the activities, management or operation of Berthel SBIC, the receivership
and/or the receivership estate, and (viii) unconditionally transfers control of Berthel SBIC to the registrant. A copy of the
Final Receiver&rsquo;s Report is furnished as Exhibit 99.2 hereto.</FONT></P>

<P STYLE="font: 12pt/117% Arial, Helvetica, Sans-Serif; margin: 0.3in 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt"><B>Item
9.01 Financial Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 5.4pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.2pt">(d)
Exhibits. The following exhibits are furnished herewith:</FONT></P>

<P STYLE="font: 12pt/126% Arial, Helvetica, Sans-Serif; margin: 5.4pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit
99.1&nbsp;&nbsp;&nbsp; <FONT STYLE="letter-spacing: -0.1pt">Order of the U.S. District Court for the Northern District of Iowa,
Cedar Rapids Division Filed February 13, 2012</FONT></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit
99.2&nbsp;&nbsp;&nbsp; <FONT STYLE="letter-spacing: -0.1pt">Third and Final Receiver&rsquo;s Report for the Period January 1,
2011, through December 19, 2011</FONT></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">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.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Berthel
Growth &amp; Income Trust I</U></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Registrant)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>February
17, 2012</U></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Date)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>/s/ Ronald
O. Brendengen</U></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ronald O.
Brendengen, Chief Financial Officer of Berthel</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fisher &amp;
Company Planning, Inc., Trust Advisor</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>



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{"company-data": {"conformed-name": "BERTHEL GROWTH & INCOME TRUST I", "cik": "0000937969", "irs-number": "521915821", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "814-00166", "film-number": "12623240"}, "business-address": {"street1": "701 TAMA STREET", "city": "MARION", "state": "IA", "zip": "52302", "phone": "319-447-5700"}, "mail-address": {"street1": "701 TAMA STREET", "city": "MARION", "state": "IA", "zip": "52302"}}
UNITED
STATES
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): February 13, 2011
Berthel
Growth & Income Trust I
(Exact
name of registrant as specified in its charter)
Iowa
33-89506
52-1915821
(State of Incorporation)
(Commission File
    Number)
(IRS No.)
701
Tama Street, Marion, Iowa 52302
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (319) 447-5700
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
£
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01	Other Events.
Berthel
SBIC, LLC (Commission File number 811-08451) ("
Berthel SBIC
") is a wholly-owned subsidiary of the registrant.
The registrant previously reported that on January 7, 2009, the United States District Court for the Northern District of Iowa
(the "
Court
") entered a Consent Order and Judgment (the "
Receivership Order
") by which the
Court appointed the United States Small Business Administration (the "
SBA
") as the receiver (the "
Receiver
")
for Berthel SBIC.
On
February 13, 2012, the Court entered an order (the "
Final Order
"), a copy of which is furnished as Exhibit
99.1 hereto. In the Final Order, the Court (i) approves the Third and Final Receiver's Report for the Period January 1,
2011, through December 19, 2011 (the "
Final Receiver's Report
"), (ii) approves every act, tranaction,
receipt and disbursement reported in the Final Receiver's Report, (iii) orders the termination of the Berthel SBIC receivership,
(iv) discharges all claims against and obligations of the receivership estate, the Receiver and Berthel SBIC, (v) lifts the stay
and injunction imposed by paragraph 7 of the Receivership Order, (vi) discharges the SBA as Receiver, (vii) discharges and releases
the SBA, its employees, officers, agents, contractors, attorneys and any other person who acted on behalf of the Receiver against
any and all claims, obligations, and liabilities arising from the activities, management or operation of Berthel SBIC, the receivership
and/or the receivership estate, and (viii) unconditionally transfers control of Berthel SBIC to the registrant. A copy of the
Final Receiver's Report is furnished as Exhibit 99.2 hereto.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits. The following exhibits are furnished herewith:
Exhibit
99.1
Order of the U.S. District Court for the Northern District of Iowa,
Cedar Rapids Division Filed February 13, 2012
Exhibit
99.2
Third and Final Receiver's Report for the Period January 1,
2011, through December 19, 2011
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.
Berthel
Growth & Income Trust I
(Registrant)
February
17, 2012
(Date)
/s/ Ronald
O. Brendengen
Ronald O.
Brendengen, Chief Financial Officer of Berthel
Fisher &
Company Planning, Inc., Trust Advisor