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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): March 26, 2012</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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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center; width: 33%"><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; text-align: center; width: 34%"><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; text-align: center; width: 33%"><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">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(IRS No.)</FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 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: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><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: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">_ 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"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">_ 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"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">_ 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/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
Growth &amp; Income Trust I (the &ldquo;Trust&rdquo;), on its own behalf and own behalf of its wholly-owned subsidiary Berthel
SBIC, LLC (Commission File number 811-08451) (&ldquo;<U>Berthel SBIC</U>&rdquo;), reports as follows:</FONT></P>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: 0.15pt">1.&#9;As
previously reported in a Form 8-K filed on June 22, 2009, the Trust dissolved on June 22, 2009, in accordance with the terms of
its declaration of trust and applicable Delaware statutes. Following the effective date of the Trust&rsquo;s dissolution, the
Trust Advisor has acted as Liquidating Trust Advisor in accordance with the terms of the Trust, for the purpose of prosecuting
and defending suits, whether civil, criminal or administrative, by or against it, and enabling the Trust gradually to settle and
close its business, to dispose of and convey its property, to discharge its liabilities, and to distribute any remaining assets
to the holders of beneficial interests in the Trust, but not for the purpose of continuing the business for which the Trust was
organized. On March 26, 2012, with the Trust having no remaining assets, the Liquidating Trust Advisor completed the winding up
of the Trust, cancelled all outstanding shares of beneficial interests in the Trust, and filed a certificate of cancellation with
the office of the Delaware Secretary of State.</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; border-bottom: Black 1pt solid">&nbsp;</P>

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<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">2.&#9;As
previously reported in a Form 8-K filed on January 8, 2009, the United States District Court for the Northern District of
Iowa (the &ldquo;<U>Court</U>&rdquo;) entered on January 7, 2009, 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. On February 13, 2012, the Court entered an order which
terminated the Berthel SBIC receivership, as previously reported in a Form 8-K filed on February 17, 2012, which report is by
this reference incorporated herein. On March 23, 2012 (the &ldquo;<U>SBIC Dissolution Date</U>&rdquo;), the Trust, as the
sole member of Berthel SBIC approved the dissolution of Berthel SBIC and appointed BFC Planning, Inc., as the Liquidation
Committee pursuant to Berthel SBIC&rsquo;s operating agreement. On March 26, 2012, BFC Planning, Inc.,
completed the dissolution, winding up and liquidation of Berthel SBIC, cancelled all outstanding membership interests in
Berthel SBIC, and filed a certificate of cancellation with the office of the Delaware Secretary of State. </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"><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: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date: March
26, 2012</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">By: BFC Planning,
Inc., an Iowa corporation</FONT></P>

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

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

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Daniel P.
Wegmann, CFO</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": "000-25568", "film-number": "12726499"}, "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): March 26, 2012
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
Growth & Income Trust I (the "Trust"), on its own behalf and own behalf of its wholly-owned subsidiary Berthel
SBIC, LLC (Commission File number 811-08451) ("
Berthel SBIC
"), reports as follows:
1.	As
previously reported in a Form 8-K filed on June 22, 2009, the Trust dissolved on June 22, 2009, in accordance with the terms of
its declaration of trust and applicable Delaware statutes. Following the effective date of the Trust's dissolution, the
Trust Advisor has acted as Liquidating Trust Advisor in accordance with the terms of the Trust, for the purpose of prosecuting
and defending suits, whether civil, criminal or administrative, by or against it, and enabling the Trust gradually to settle and
close its business, to dispose of and convey its property, to discharge its liabilities, and to distribute any remaining assets
to the holders of beneficial interests in the Trust, but not for the purpose of continuing the business for which the Trust was
organized. On March 26, 2012, with the Trust having no remaining assets, the Liquidating Trust Advisor completed the winding up
of the Trust, cancelled all outstanding shares of beneficial interests in the Trust, and filed a certificate of cancellation with
the office of the Delaware Secretary of State.
2.	As
previously reported in a Form 8-K filed on January 8, 2009, the United States District Court for the Northern District of
Iowa (the "
Court
") entered on January 7, 2009, 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 which
terminated the Berthel SBIC receivership, as previously reported in a Form 8-K filed on February 17, 2012, which report is by
this reference incorporated herein. On March 23, 2012 (the "
SBIC Dissolution Date
"), the Trust, as the
sole member of Berthel SBIC approved the dissolution of Berthel SBIC and appointed BFC Planning, Inc., as the Liquidation
Committee pursuant to Berthel SBIC's operating agreement. On March 26, 2012, BFC Planning, Inc.,
completed the dissolution, winding up and liquidation of Berthel SBIC, cancelled all outstanding membership interests in
Berthel SBIC, and filed a certificate of cancellation with the office of the Delaware Secretary of State.
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.
Date: March
26, 2012
Berthel
Growth & Income Trust I
(Registrant)
By: BFC Planning,
Inc., an Iowa corporation
Its: Trust
Advisor
By:
/s/
Daniel P. Wegmann
Daniel P.
Wegmann, CFO