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: March 30, 2004
                        (Date of earliest event reported)


                       Zond-PanAero Windsystem Partners I,
                        a California Limited Partnership
             (Exact Name of Registrant as Specified in its Charter)

          California             0-13510                   77-003535
(State or Other Jurisdiction     (Commission              (IRS Employer
      of Incorporation)          File Number)           Identification No.)


               1221 Lamar Street, Suite 1600, Houston, Texas 77010
                    (Address of Principal Executive Offices)


                                 (713) 853-0530
              (Registrant's telephone number, including area code)


                     1400 Smith Street, Houston, Texas 77002
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>




Item 5.          Other Events.

         Attached hereto as Exhibit 99.1 is the unaudited financial and business
information of Zond-PanAero Windsystem Partners I, a California Limited Partner-
ship (the "Partnership") for the fiscal year ended December 31, 2003 (the
"Operating Report").  As explained in the Partnership's Current Report on Form
8-K filed with the Securities and Exchange Commission on November 14, 2003,
Arthur Andersen LLP resigned as the independent accountant of the Partnership on
February 5, 2002.  The Partnership did not have an independent accountant from
that date until January 28, 2004, when the Partnership retained Hein &
Associates LLP.  Hein & Associates LLP has not completed its audit for the
fiscal year ended December 31, 2003.  Accordingly, the Partnership is now
providing the Operating Report attached hereto.

         The Partnership intends to file quarterly and annual operating reports
using Form 8-K until the Partnership is able to recommence filing periodic
reports on Forms 10-K and 10-Q.

FORWARD LOOKING STATEMENTS

         THIS FORM 8-K, INCLUDING THE EXHIBIT ATTACHED HERETO, CONTAINS
STATEMENTS THAT ARE FORWARD-LOOKING WITHIN THE MEANING OF SECTION 27A OF THE
SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934
(THE "EXCHANGE ACT").  INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING
STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND THAT ACTUAL RESULTS
COULD DIFFER MATERIALLY AS A RESULT OF KNOWN AND UNKNOWN RISKS AND
UNCERTAINTIES, INCLUDING GENERAL ECONOMIC CONDITIONS, FUTURE TRENDS, AND OTHER
RISKS, UNCERTAINTIES AND FACTORS DISCLOSED IN THE OPERATING REPORT ATTACHED AS
AN EXHIBIT TO THIS FORM 8-K.

DISCLAIMERS

         ENRON WIND SYSTEMS, LLC ("EWS," FORMERLY KNOWN AS ENRON WIND SYSTEMS,
INC.), THE PARENT OF ZOND WINDSYSTEMS MANAGEMENT LLC, THE GENERAL PARTNER OF THE
PARTNERSHIP (THE "GENERAL PARTNER"), FILED FOR CHAPTER 11 BANKRUPTCY ON FEBRUARY
20, 2002.  SUBSEQUENTLY, ON MAY 10, 2002, EWS AND CERTAIN OF ITS AFFILIATED
COMPANIES (COLLECTIVELY, "ENRON WIND") SOLD THEIR ENTIRE BUSINESS EXCEPT CERTAIN
ASSETS AND LIABILITIES TO GENERAL ELECTRIC COMPANY.  EWS RETAINED ITS INDIRECT
EQUITY INTERESTS IN THE PARTNERSHIP, INCLUDING THE GENERAL PARTNER INTEREST.  AS
A CONSEQUENCE OF THESE EVENTS, THE MANAGEMENT OF ENRON WIND, THE GENERAL PARTNER
AND THE PARTNERSHIP CHANGED.  THE INFORMATION AVAILABLE TO COMPILE THE ATTACHED
OPERATING REPORT HAS BEEN PROVIDED ON THE BASIS OF INFORMATION AVAILABLE TO
CURRENT MANAGEMENT AT THIS DATE.  IT IS THEREFORE POSSIBLE THAT THERE MAY BE
EVENTS OR ISSUES THAT HAVE NOT YET BEEN DISCOVERED BY THE CURRENT MANAGEMENT
PROVIDING THE INFORMATION TO COMPILE THE OPERATING REPORT AND THAT THE OPERATING
REPORT MAY NOT FULLY ACCOUNT FOR THESE EVENTS OR ISSUES.


                                       2
<PAGE>


         THE OPERATING REPORT HAS NOT BEEN REVIEWED OR AUDITED BY AN INDEPENDENT
AUDITOR.  THE OPERATING REPORT IS SUBJECT TO FURTHER REVIEW AND POTENTIAL
ADJUSTMENT AND MAY NOT BE INDICATIVE OF THE PARTNERSHIP'S FINANCIAL CONDITION OR
OPERATING RESULTS.  SUCH INFORMATION SHOULD NOT BE RELIED UPON AS A FULLY
COMPLIANT PERIODIC REPORT IN ACCORDANCE WITH THE REQUIREMENTS OF THE EXCHANGE
ACT.

Item 7.          Financial Statements and Exhibits.

        (c)      Exhibits.

99.1     Unaudited financial and business information for the fiscal year ended
         December 31, 2003


                                       3

<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.


                                  Zond-PanAero Windsystem Partners I,
                                  a California Limited Partnership

                                      By:  Zond Windsystems Management LLC,
                                           General Partner

Date: March 30, 2004                  By:  /s/ Eric D. Gadd
                                           ------------------------------------
                                           Name:  Eric D. Gadd
                                           Title:  President and Chief Executive
                                                   Officer


                                       4
<PAGE>



                                  EXHIBIT INDEX

Exhibit       Description

99.1          Unaudited financial and business information for the fiscal year
              ended December 31, 2003
[{"type": "8-K", "sequence": "1", "filename": "was51338-k.txt", "secsgml_size_bytes": 5911}]
{"company-data": {"conformed-name": "ZOND PANAERO WINDSYSTEM PARTNERS I", "cik": "0000767404", "assigned-sic": "4911", "irs-number": "770035358", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-13510", "film-number": "04701251"}, "business-address": {"street1": "13000 JAMESON RD", "city": "TEHACHAPI", "state": "CA", "zip": "93561", "phone": "6618236766"}, "mail-address": {"street1": "13000 JAMESON RD", "city": "TEHACHAPI", "state": "CA", "zip": "93561"}}
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: March 30, 2004
                        (Date of earliest event reported)

                       Zond-PanAero Windsystem Partners I,
                        a California Limited Partnership
             (Exact Name of Registrant as Specified in its Charter)

          California             0-13510                   77-003535
(State or Other Jurisdiction     (Commission              (IRS Employer
      of Incorporation)          File Number)           Identification No.)

               1221 Lamar Street, Suite 1600, Houston, Texas 77010
                    (Address of Principal Executive Offices)

                                 (713) 853-0530
              (Registrant's telephone number, including area code)

                     1400 Smith Street, Houston, Texas 77002
          (Former Name or Former Address, if Changed Since Last Report)
Item 5.          Other Events.

         Attached hereto as Exhibit 99.1 is the unaudited financial and business
information of Zond-PanAero Windsystem Partners I, a California Limited Partner-
ship (the "Partnership") for the fiscal year ended December 31, 2003 (the
"Operating Report").  As explained in the Partnership's Current Report on Form
8-K filed with the Securities and Exchange Commission on November 14, 2003,
Arthur Andersen LLP resigned as the independent accountant of the Partnership on
February 5, 2002.  The Partnership did not have an independent accountant from
that date until January 28, 2004, when the Partnership retained Hein &
Associates LLP.  Hein & Associates LLP has not completed its audit for the
fiscal year ended December 31, 2003.  Accordingly, the Partnership is now
providing the Operating Report attached hereto.

         The Partnership intends to file quarterly and annual operating reports
using Form 8-K until the Partnership is able to recommence filing periodic
reports on Forms 10-K and 10-Q.

FORWARD LOOKING STATEMENTS

         THIS FORM 8-K, INCLUDING THE EXHIBIT ATTACHED HERETO, CONTAINS
STATEMENTS THAT ARE FORWARD-LOOKING WITHIN THE MEANING OF SECTION 27A OF THE
SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934
(THE "EXCHANGE ACT").  INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING
STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND THAT ACTUAL RESULTS
COULD DIFFER MATERIALLY AS A RESULT OF KNOWN AND UNKNOWN RISKS AND
UNCERTAINTIES, INCLUDING GENERAL ECONOMIC CONDITIONS, FUTURE TRENDS, AND OTHER
RISKS, UNCERTAINTIES AND FACTORS DISCLOSED IN THE OPERATING REPORT ATTACHED AS
AN EXHIBIT TO THIS FORM 8-K.

DISCLAIMERS

         ENRON WIND SYSTEMS, LLC ("EWS," FORMERLY KNOWN AS ENRON WIND SYSTEMS,
INC.), THE PARENT OF ZOND WINDSYSTEMS MANAGEMENT LLC, THE GENERAL PARTNER OF THE
PARTNERSHIP (THE "GENERAL PARTNER"), FILED FOR CHAPTER 11 BANKRUPTCY ON FEBRUARY
20, 2002.  SUBSEQUENTLY, ON MAY 10, 2002, EWS AND CERTAIN OF ITS AFFILIATED
COMPANIES (COLLECTIVELY, "ENRON WIND") SOLD THEIR ENTIRE BUSINESS EXCEPT CERTAIN
ASSETS AND LIABILITIES TO GENERAL ELECTRIC COMPANY.  EWS RETAINED ITS INDIRECT
EQUITY INTERESTS IN THE PARTNERSHIP, INCLUDING THE GENERAL PARTNER INTEREST.  AS
A CONSEQUENCE OF THESE EVENTS, THE MANAGEMENT OF ENRON WIND, THE GENERAL PARTNER
AND THE PARTNERSHIP CHANGED.  THE INFORMATION AVAILABLE TO COMPILE THE ATTACHED
OPERATING REPORT HAS BEEN PROVIDED ON THE BASIS OF INFORMATION AVAILABLE TO
CURRENT MANAGEMENT AT THIS DATE.  IT IS THEREFORE POSSIBLE THAT THERE MAY BE
EVENTS OR ISSUES THAT HAVE NOT YET BEEN DISCOVERED BY THE CURRENT MANAGEMENT
PROVIDING THE INFORMATION TO COMPILE THE OPERATING REPORT AND THAT THE OPERATING
REPORT MAY NOT FULLY ACCOUNT FOR THESE EVENTS OR ISSUES.

                                       2
THE OPERATING REPORT HAS NOT BEEN REVIEWED OR AUDITED BY AN INDEPENDENT
AUDITOR.  THE OPERATING REPORT IS SUBJECT TO FURTHER REVIEW AND POTENTIAL
ADJUSTMENT AND MAY NOT BE INDICATIVE OF THE PARTNERSHIP'S FINANCIAL CONDITION OR
OPERATING RESULTS.  SUCH INFORMATION SHOULD NOT BE RELIED UPON AS A FULLY
COMPLIANT PERIODIC REPORT IN ACCORDANCE WITH THE REQUIREMENTS OF THE EXCHANGE
ACT.

Item 7.          Financial Statements and Exhibits.

        (c)      Exhibits.

99.1     Unaudited financial and business information for the fiscal year ended
         December 31, 2003

                                       3
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.

                                  Zond-PanAero Windsystem Partners I,
                                  a California Limited Partnership

                                      By:  Zond Windsystems Management LLC,
                                           General Partner

Date: March 30, 2004                  By:  /s/ Eric D. Gadd
                                           ------------------------------------
                                           Name:  Eric D. Gadd
                                           Title:  President and Chief Executive
                                                   Officer

                                       4
EXHIBIT INDEX

Exhibit       Description

99.1          Unaudited financial and business information for the fiscal year
              ended December 31, 2003