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) October 18, 1995

                            OUTLET CENTRE PARTNERS
                     -----------------------------------
                           Exact Name of Registrant


Illinois                                     0-16717
- ---------------------------                  ----------------------
State or other jurisdiction                  Commission file number
of organization


2355 Waukegan Road
Suite A200
Bannockburn, Illinois                        36-3498737
- --------------------------                   ---------------------
Address of principal                         I.R.S. Employer 
executive offices                            Identification
                                             Number

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

             Registrant's telephone number, including area code:
                                (708) 267-1600
<PAGE>
ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
- -------------------------------------------------------

Effective October 18, 1995, Outlet Centre Partners (the "Registrant") has
terminated its audit agreement with Arthur Andersen LLP to act as the
Registrant's independent accounting firm and has engaged Coopers & Lybrand LLP
as its new independent accounting firm.  The report of Arthur Andersen LLP on
the financial statements of the Registrant in the past two years did not
contain any adverse opinion or any disclaimer of opinion, nor was it qualified
or modified as to uncertainty, audit scope, or accounting principles.  There
existed no disagreements relating to any matter of accounting principles or
practices, financial statement disclosures,  auditing scope and procedures or
compliance with applicable rules which resulted in the termination of Arthur
Andersen LLP as the Registrant's independent accounting firm.  The decision to
change accounting firms was approved by the General Partner of the Registrant.

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

     (A)  FINANCIAL STATEMENTS:

          None

     (B)  PRO FORMA FINANCIAL INFORMATION:

          None

     (C)  EXHIBITS:

          (16) Letter from Arthur Andersen LLP dated October 18,
               1995 regarding the change in the Registrant's
               certifying accountant.

          

No information is required under Items 1, 2, 3, 5, 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.


                              OUTLET CENTRE PARTNERS

                              By:  Balcor Partners-XXII,
                                   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: October 18, 1995
<PAGE>
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{"company-data": {"conformed-name": "OUTLET CENTRE PARTNERS", "cik": "0000812094", "assigned-sic": "6519", "irs-number": "363498737", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16717", "film-number": "95581384"}, "business-address": {"street1": "BALCOR PLZ", "street2": "4849 GOLF RD", "city": "SKOKIE", "state": "IL", "zip": "60077", "phone": "7086772900"}, "mail-address": {"street1": "BALCOR PLZ", "street2": "4849 GOLF ROAD", "city": "SKOKIE", "state": "IL", "zip": "60077"}}
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) October 18, 1995

                            OUTLET CENTRE PARTNERS
                     -----------------------------------
                           Exact Name of Registrant

Illinois                                     0-16717
- ---------------------------                  ----------------------
State or other jurisdiction                  Commission file number
of organization

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                        36-3498737
- --------------------------                   ---------------------
Address of principal                         I.R.S. Employer 
executive offices                            Identification
                                             Number

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

             Registrant's telephone number, including area code:
                                (708) 267-1600
ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
- -------------------------------------------------------

Effective October 18, 1995, Outlet Centre Partners (the "Registrant") has
terminated its audit agreement with Arthur Andersen LLP to act as the
Registrant's independent accounting firm and has engaged Coopers & Lybrand LLP
as its new independent accounting firm.  The report of Arthur Andersen LLP on
the financial statements of the Registrant in the past two years did not
contain any adverse opinion or any disclaimer of opinion, nor was it qualified
or modified as to uncertainty, audit scope, or accounting principles.  There
existed no disagreements relating to any matter of accounting principles or
practices, financial statement disclosures,  auditing scope and procedures or
compliance with applicable rules which resulted in the termination of Arthur
Andersen LLP as the Registrant's independent accounting firm.  The decision to
change accounting firms was approved by the General Partner of the Registrant.

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

     (A)  FINANCIAL STATEMENTS:

          None

     (B)  PRO FORMA FINANCIAL INFORMATION:

          None

     (C)  EXHIBITS:

          (16) Letter from Arthur Andersen LLP dated October 18,
               1995 regarding the change in the Registrant's
               certifying accountant.

          

No information is required under Items 1, 2, 3, 5, 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.

                              OUTLET CENTRE PARTNERS

                              By:  Balcor Partners-XXII,
                                   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: October 18, 1995