SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  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)  June 28, 1996

                         BALCOR PENSION INVESTORS - VI
         ------------------------------------------------------------
                           Exact Name of Registrant


Illinois                                0-14332
- -------------------------------         ---------------------------------
State or other jurisdiction             Commission file number

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                   36-3319330
- -------------------------------         ---------------------------------
Address of principal                    I.R.S. Employer
executive offices                       Identification
                                        Number

60015
- -------------------------------
Zip Code


              Registrant's telephone number, including area code:
                                (847) 267-1600
<PAGE>
ITEM 5. OTHER INFORMATION
- ----------------------------------------------------------------------

a) Sand Pebble Village I Apartments

In April 1987, the Partnership and an affiliate funded a $22,400,000 first
mortgage loan collateralized by the Sand Pebble Village I Apartments ("Sand
Pebble I"), Riverside, California.  The amount advanced by the Partnership
towards the loan was $10,000,000.  In July 1992, a joint venture ("Joint
Venture") consisting of the Partnership and the affiliate obtained title to the
property through foreclosure.

On June 28, 1996, the Joint Venture contracted to sell the property for a  sale
price of $19,411,765 to an unaffiliated party, RREEF America L.L.C., a Delaware
limited liability company.  The purchaser has deposited $150,000 into an escrow
account as earnest  money and will  pay the remaining  $19,261,765 at  closing,
which is scheduled  for August 1,  1996.  From  the proceeds of  the sale,  the
Joint Venture  will  pay $242,647  to  an  unaffiliated party  as  a  brokerage
commission and a fee of $145,588 to  an affiliate of the third party  providing
property  management  services  for  the  property  for  services  rendered  in
connection with  the  sale.   The  Joint  Venture will  receive  the  remaining
proceeds of $19,023,530, less  closing costs, which  will be distributed  among
the Partnership  and  the  affiliate in  accordance  with  their  participating
percentages in  the Joint  Venture.   The Partnership  is expected  to  receive
approximately $8,493,000.  Neither the  General Partner nor any affiliate  will
receive a brokerage  commission in connection  with the sale  of the  property.
The General Partner will be reimbursed by the Joint Venture for actual expenses
incurred in connection with the sale.

The Partnership and  the affiliate,   through another joint  venture, own  Sand
Pebble Village  II Apartments  ("Sand  Pebble II"),  located adjacent  to  Sand
Pebble I, and  have simultaneously  contracted to sell  Sand Pebble  II to  the
purchaser, as described elsewhere in this Report.  If the purchaser terminates 
this or the agreement of sale for Sand Pebble II for any  reason, the other 
agreement of sale  will also be deemed terminated.

The closing is subject to the satisfaction of numerous terms and conditions,
including the closing of the sale of Sand Pebble II.  There can be no assurance
that all of the terms and conditions will be complied with and, therefore, it
is possible the sale of the property may not occur.

b) Sand Pebble Village II Apartments

In October 1993, a joint venture ("Joint Venture") consisting of the
Partnership and an affiliate purchased Sand Pebble Village II Apartments ("Sand
Pebble II"), Riverside, California for a purchase price of $9,300,000. The
property was acquired subject to first mortgage financing of $5,000,000. The
amount advanced by the Joint Venture towards the purchase of Sand Pebble II was
$4,300,000, of which the Partnership's share was $1,191,520.
<PAGE>
On June 28, 1996,  the Joint Venture  contracted to sell Sand  Pebble II for  a
sale price of  $12,088,235 to an  unaffiliated party, RREEF  America L.L.C.,  a
Delaware limited liability company.  The purchaser has deposited $150,000  into
an escrow account as  earnest money and will  pay the remaining $11,938,235  at
closing, which is scheduled for August 1, 1996. From the proceeds of the  sale,
the Joint Venture will repay the first mortgage loan which is expected to  have
an outstanding balance of $4,859,155 at closing, and $151,103 to a third  party
as a brokerage commission.  An affiliate of the third party providing  property
management services for the property will receive a fee of $90,662 for services 
rendered in connection with  the sale.  The Joint  Venture will  receive the 
remaining proceeds of  approximately  $6,987,315,  less  closing  costs,  
which  will  be distributed among the Partnership  and the affiliate  in 
accordance with  their participating percentages in the Joint Venture.  The 
Partnership is expected to receive  approximately  $3,116,342.    Neither  
the  General  Partner  nor  any affiliate will receive a  brokerage 
commission in connection  with the sale  of the property.  The General Partner 
will be reimbursed by the Joint Venture  for actual expenses incurred in 
connection with the sale.

The Partnership and  the affiliate, through another joint venture, own
Sand  Pebble  Village  I  Apartments  ("Sand  Pebble  I"), located adjacent 
to Sand Pebble II, and have simultaneously contracted to sell Sand  Pebble I 
to the  purchaser, as described elsewhere in this Report.  If  the purchaser 
terminates  this or the  agreement of sale  for Sand Pebble I for any reason, 
the other agreement of sale will also be deemed terminated.

The closing is subject  to the satisfaction of  numerous terms and  conditions,
including the closing of the sale of Sand Pebble I.  There can be no  assurance
that all of the terms and conditions  will be complied with and, therefore,  it
is possible the sale of the property may not occur.

c)  Woodscape Apartments

In  1985,  the  Partnership  funded  a  $3,512,651  loan  collateralized  by  a
wrap-around mortgage on  Woodscape Apartments,  Raleigh, North  Carolina.   The
Partnership subsequently advanced  an additional  $125,000 pursuant  to a  loan
modification.  The Partnership took  title to the property through  foreclosure
in 1992 subject to the  first mortgage loan.   In 1994, the Partnership  repaid
the first  mortgage loan  in the  amount of  $3,387,000 and  paid a  prepayment
penalty of $102,000.

On July 15, 1996, the  Partnership contracted to sell  the property for a  sale
price  of  $9,550,000   to  an  unaffiliated   party,  ERP  Operating   Limited
Partnership, an  Illinois  limited  partnership. The  purchaser  has  deposited
$300,000 into an  escrow account as  earnest money. The  remainder of the  sale
price will be payable in cash at closing, scheduled for August 30, 1996.   From
the proceeds of the sale, the Partnership will pay $167,125 to a third party as
a brokerage commission, and an affiliate of the third party providing  property
management services for the property will  receive a fee for services  rendered
in connection with the sale of the  property of $95,500.  The Partnership  will
receive the remaining proceeds of approximately $9,287,375, less closing costs.
Of such  proceeds, an amount not to exceed $500,000 will  be retained by the 
Partnership and  will not be available  for use  or distribution by  the 
Partnership  until 120  days after the closing.  Neither the General Partner 
nor any affiliate will  receive a brokerage commission in connection with the 
sale of the property. The General Partner will be reimbursed by the 
Partnership for its actual expenses  incurred in connection with the sale.
<PAGE>
Affiliates of the General Partner have  recently sold or contracted to sell  24
other properties to the purchaser.  

The closing is subject  to the satisfaction of  numerous terms and  conditions.
There can be no assurance that all of the terms and conditions will be complied
with and, therefore, it is possible the sale of the property may not occur.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
- ----------------------------------------------------------------------

     (a)  FINANCIAL STATEMENTS AND EXHIBITS:

            None

     (B)  PRO FORMA FINANCIAL INFORMATION:

            None

     (C)  EXHIBITS:

          (99) (a)  Agreement of Sale and attachment thereto relating to the 
                    sale of Sand Pebble Village I Apartments, Riverside, 
                    California.

               (b)  Agreement of Sale and attachment thereto relating to the 
                    sale of Sand Pebble Village II Apartments, Riverside, 
                    California.

               (c)  Agreement of Sale and Letter Agreement thereto relating
                    to the sale of Woodscape Apartments, Raleigh, North
                    Carolina.

     No information is required under Items 1, 2, 3, 4, 6 and 8 and these items
have, therefore, been omitted.
<PAGE>
Signature
- -------------

     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.


                         BALCOR PENSION  INVESTORS-VI

                         By:  Balcor Mortgage Advisors-VI, an 
                              Illinois general partnership, its 
                              general partner

                         By:  The Balcor Company,
                              a Delaware corporation,
                              a partner

                         By:  /s/ Jerry M. Ogle
                              ------------------------------------
                                  Jerry M. Ogle, Vice President 
                                  and Secretary

Dated:  July 26, 1996
<PAGE>
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{"company-data": {"conformed-name": "BALCOR PENSION INVESTORS VI", "cik": "0000755497", "assigned-sic": "6500", "irs-number": "363319330", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-14332", "film-number": "96599795"}, "business-address": {"street1": "2355 WAUKGAN ROAD", "street2": "SUITE A200", "city": "DEERFIELD", "state": "IL", "zip": "60015", "phone": "7086772900"}}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  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)  June 28, 1996

                         BALCOR PENSION INVESTORS - VI
         ------------------------------------------------------------
                           Exact Name of Registrant

Illinois                                0-14332
- -------------------------------         ---------------------------------
State or other jurisdiction             Commission file number

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                   36-3319330
- -------------------------------         ---------------------------------
Address of principal                    I.R.S. Employer
executive offices                       Identification
                                        Number

60015
- -------------------------------
Zip Code

              Registrant's telephone number, including area code:
                                (847) 267-1600
ITEM 5. OTHER INFORMATION
- ----------------------------------------------------------------------

a) Sand Pebble Village I Apartments

In April 1987, the Partnership and an affiliate funded a $22,400,000 first
mortgage loan collateralized by the Sand Pebble Village I Apartments ("Sand
Pebble I"), Riverside, California.  The amount advanced by the Partnership
towards the loan was $10,000,000.  In July 1992, a joint venture ("Joint
Venture") consisting of the Partnership and the affiliate obtained title to the
property through foreclosure.

On June 28, 1996, the Joint Venture contracted to sell the property for a  sale
price of $19,411,765 to an unaffiliated party, RREEF America L.L.C., a Delaware
limited liability company.  The purchaser has deposited $150,000 into an escrow
account as earnest  money and will  pay the remaining  $19,261,765 at  closing,
which is scheduled  for August 1,  1996.  From  the proceeds of  the sale,  the
Joint Venture  will  pay $242,647  to  an  unaffiliated party  as  a  brokerage
commission and a fee of $145,588 to  an affiliate of the third party  providing
property  management  services  for  the  property  for  services  rendered  in
connection with  the  sale.   The  Joint  Venture will  receive  the  remaining
proceeds of $19,023,530, less  closing costs, which  will be distributed  among
the Partnership  and  the  affiliate in  accordance  with  their  participating
percentages in  the Joint  Venture.   The Partnership  is expected  to  receive
approximately $8,493,000.  Neither the  General Partner nor any affiliate  will
receive a brokerage  commission in connection  with the sale  of the  property.
The General Partner will be reimbursed by the Joint Venture for actual expenses
incurred in connection with the sale.

The Partnership and  the affiliate,   through another joint  venture, own  Sand
Pebble Village  II Apartments  ("Sand  Pebble II"),  located adjacent  to  Sand
Pebble I, and  have simultaneously  contracted to sell  Sand Pebble  II to  the
purchaser, as described elsewhere in this Report.  If the purchaser terminates 
this or the agreement of sale for Sand Pebble II for any  reason, the other 
agreement of sale  will also be deemed terminated.

The closing is subject to the satisfaction of numerous terms and conditions,
including the closing of the sale of Sand Pebble II.  There can be no assurance
that all of the terms and conditions will be complied with and, therefore, it
is possible the sale of the property may not occur.

b) Sand Pebble Village II Apartments

In October 1993, a joint venture ("Joint Venture") consisting of the
Partnership and an affiliate purchased Sand Pebble Village II Apartments ("Sand
Pebble II"), Riverside, California for a purchase price of $9,300,000. The
property was acquired subject to first mortgage financing of $5,000,000. The
amount advanced by the Joint Venture towards the purchase of Sand Pebble II was
$4,300,000, of which the Partnership's share was $1,191,520.
On June 28, 1996,  the Joint Venture  contracted to sell Sand  Pebble II for  a
sale price of  $12,088,235 to an  unaffiliated party, RREEF  America L.L.C.,  a
Delaware limited liability company.  The purchaser has deposited $150,000  into
an escrow account as  earnest money and will  pay the remaining $11,938,235  at
closing, which is scheduled for August 1, 1996. From the proceeds of the  sale,
the Joint Venture will repay the first mortgage loan which is expected to  have
an outstanding balance of $4,859,155 at closing, and $151,103 to a third  party
as a brokerage commission.  An affiliate of the third party providing  property
management services for the property will receive a fee of $90,662 for services 
rendered in connection with  the sale.  The Joint  Venture will  receive the 
remaining proceeds of  approximately  $6,987,315,  less  closing  costs,  
which  will  be distributed among the Partnership  and the affiliate  in 
accordance with  their participating percentages in the Joint Venture.  The 
Partnership is expected to receive  approximately  $3,116,342.    Neither  
the  General  Partner  nor  any affiliate will receive a  brokerage 
commission in connection  with the sale  of the property.  The General Partner 
will be reimbursed by the Joint Venture  for actual expenses incurred in 
connection with the sale.

The Partnership and  the affiliate, through another joint venture, own
Sand  Pebble  Village  I  Apartments  ("Sand  Pebble  I"), located adjacent 
to Sand Pebble II, and have simultaneously contracted to sell Sand  Pebble I 
to the  purchaser, as described elsewhere in this Report.  If  the purchaser 
terminates  this or the  agreement of sale  for Sand Pebble I for any reason, 
the other agreement of sale will also be deemed terminated.

The closing is subject  to the satisfaction of  numerous terms and  conditions,
including the closing of the sale of Sand Pebble I.  There can be no  assurance
that all of the terms and conditions  will be complied with and, therefore,  it
is possible the sale of the property may not occur.

c)  Woodscape Apartments

In  1985,  the  Partnership  funded  a  $3,512,651  loan  collateralized  by  a
wrap-around mortgage on  Woodscape Apartments,  Raleigh, North  Carolina.   The
Partnership subsequently advanced  an additional  $125,000 pursuant  to a  loan
modification.  The Partnership took  title to the property through  foreclosure
in 1992 subject to the  first mortgage loan.   In 1994, the Partnership  repaid
the first  mortgage loan  in the  amount of  $3,387,000 and  paid a  prepayment
penalty of $102,000.

On July 15, 1996, the  Partnership contracted to sell  the property for a  sale
price  of  $9,550,000   to  an  unaffiliated   party,  ERP  Operating   Limited
Partnership, an  Illinois  limited  partnership. The  purchaser  has  deposited
$300,000 into an  escrow account as  earnest money. The  remainder of the  sale
price will be payable in cash at closing, scheduled for August 30, 1996.   From
the proceeds of the sale, the Partnership will pay $167,125 to a third party as
a brokerage commission, and an affiliate of the third party providing  property
management services for the property will  receive a fee for services  rendered
in connection with the sale of the  property of $95,500.  The Partnership  will
receive the remaining proceeds of approximately $9,287,375, less closing costs.
Of such  proceeds, an amount not to exceed $500,000 will  be retained by the 
Partnership and  will not be available  for use  or distribution by  the 
Partnership  until 120  days after the closing.  Neither the General Partner 
nor any affiliate will  receive a brokerage commission in connection with the 
sale of the property. The General Partner will be reimbursed by the 
Partnership for its actual expenses  incurred in connection with the sale.
Affiliates of the General Partner have  recently sold or contracted to sell  24
other properties to the purchaser.  

The closing is subject  to the satisfaction of  numerous terms and  conditions.
There can be no assurance that all of the terms and conditions will be complied
with and, therefore, it is possible the sale of the property may not occur.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
- ----------------------------------------------------------------------

     (a)  FINANCIAL STATEMENTS AND EXHIBITS:

            None

     (B)  PRO FORMA FINANCIAL INFORMATION:

            None

     (C)  EXHIBITS:

          (99) (a)  Agreement of Sale and attachment thereto relating to the 
                    sale of Sand Pebble Village I Apartments, Riverside, 
                    California.

               (b)  Agreement of Sale and attachment thereto relating to the 
                    sale of Sand Pebble Village II Apartments, Riverside, 
                    California.

               (c)  Agreement of Sale and Letter Agreement thereto relating
                    to the sale of Woodscape Apartments, Raleigh, North
                    Carolina.

     No information is required under Items 1, 2, 3, 4, 6 and 8 and these items
have, therefore, been omitted.
Signature
- -------------

     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.

                         BALCOR PENSION  INVESTORS-VI

                         By:  Balcor Mortgage Advisors-VI, an 
                              Illinois general partnership, its 
                              general partner

                         By:  The Balcor Company,
                              a Delaware corporation,
                              a partner

                         By:  /s/ Jerry M. Ogle
                              ------------------------------------
                                  Jerry M. Ogle, Vice President 
                                  and Secretary

Dated:  July 26, 1996