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<BODY><P align=center><FONT face="Times New Roman, Times, Serif" size=2><B><FONT size=4>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549</FONT></B> </FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B><FONT size=5>FORM 8-K</FONT></B> </FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>CURRENT REPORT </B></FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>Date of Report (Date of earliest event reported): October 24, 2005</B> </FONT></P>

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<TD align=center width="100%"><FONT face="Times New Roman, Times, Serif" size=2><B><FONT size=5>OWENS MORTGAGE INVESTMENT FUND,<BR></FONT><FONT size=4>a California Limited Partnership</FONT></B> </FONT></TD></TR>
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<TD align=center width="100%"><FONT face="Times New Roman, Times, Serif" size=2>(Exact name of registrant as specified in its charter) </FONT></TD></TR>
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<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2><B>California </B></FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><B>000-17248 </B></FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><B>68-0023931</B> </FONT></TD></TR>
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<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>(State or other jurisdiction<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of incorporation) </FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>(Commission <BR>File Number) </FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;(IRS Employer<BR>Identification No.) </FONT></TD></TR>
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<TD align=left width="50%"><FONT face="Times New Roman, Times, Serif" size=2><B>2221 Olympic Boulevard<BR>Walnut Creek, California </B></FONT></TD>
<TD align=right width="50%"><FONT face="Times New Roman, Times, Serif" size=2><BR><B>94595</B> </FONT></TD></TR>
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<TD align=left width="50%"><FONT face="Times New Roman, Times, Serif" size=2>(Address of principal executive offices) </FONT></TD>
<TD align=right width="50%"><FONT face="Times New Roman, Times, Serif" size=2>(Zip Code) </FONT></TD></TR>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>Registrant&#146;s telephone number, including area code: <B><U>(925) 935-3840</U></B> </FONT></P>
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<TD align=center width="100%"><FONT face="Times New Roman, Times, Serif" size=2><B>Not Applicable</B> </FONT></TD></TR>
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<TD align=center width="100%"><FONT face="Times New Roman, Times, Serif" size=2>(Former name or former address, if changed since last report.) </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>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 (see General Instruction A.2. below): </FONT></TD></TR>
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<TD align=right width=60><FONT face="Times New Roman, Times, Serif" size=2>[ </FONT></TD>
<TD align=left width=15><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width=775><FONT face="Times New Roman, Times, Serif" size=2>] Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
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<TD align=right width=60><FONT face="Times New Roman, Times, Serif" size=2>[ </FONT></TD>
<TD align=left width=15><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width=775><FONT face="Times New Roman, Times, Serif" size=2>] Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
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<TD align=left width=15><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width=775><FONT face="Times New Roman, Times, Serif" size=2>] Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
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<TD align=left width=15><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width=775><FONT face="Times New Roman, Times, Serif" size=2>] Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B><U><FONT size=3>TABLE OF CONTENTS</FONT></U></B> </FONT></P>

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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><U>Item 1.02 Termination of a Material Definitive Agreement<BR>Signatures</U> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B>Section 1 &#150; Registrant&#146;s Business and Operations</B> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B><I>Item 1.02 Termination of a Material Definitive Agreement</I></B> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 10, 2005, as amended on August 9, 2005 and October 3, 2005, Owens Mortgage Investment Fund (the Registrant) entered into a Purchase and Sale Agreement and Escrow Instructions (Agreement), as Seller of a property owned by it in San Jose, California (the Property), with Venture Development Corporation, an unrelated California corporation, as Buyer. Pursuant to Instruction B.3. of Form 8-K, the Registrant hereby incorporates by reference Item 5 of Form 10-Q filed on August 11, 2005 and Form 8-K filed on October 5, 2005, which provide a brief description of the material terms and conditions of the Agreement (and amendments thereto). </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On October 19, 2005, the Registrant and Buyer mutually agreed to cancel the Agreement and to release one another from any and all liability in connection with the escrow. In addition, the Buyer&#146;s deposit of $50,000 was agreed to be refunded. </FONT></TD></TR>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>SIGNATURES </B></FONT></P>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 thereunto duly authorized. </FONT></TD></TR>
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<TD width=300><FONT face="Times New Roman, Times, Serif" size=2><BR><BR><BR><BR><BR><BR>Dated: October 24, 2005 </FONT></TD>
<TD width=300><FONT face="Times New Roman, Times, Serif" size=2>OWENS MORTGAGE INVESTMENT FUND,<BR>a California Limited Partnership<BR><BR>By: Owens Financial Group, Inc., General Partner<BR><BR><BR>By: <U>/s/ Bryan H. Draper</U><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bryan H. Draper, Chief Financial Officer </FONT></TD></TR>
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{"company-data": {"conformed-name": "OWENS MORTGAGE INVESTMENT FUND A CALIF LTD PARTNERSHIP", "cik": "0000841501", "assigned-sic": "6162", "irs-number": "680023931", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17248", "film-number": "051151584"}, "business-address": {"street1": "2221 OLYMPIC BLVD", "street2": "P O BOX 2308", "city": "WALNUT CREEK", "state": "CA", "zip": "94595", "phone": "925-280-5393"}, "mail-address": {"street1": "2221 OLYMPIC BLVD", "street2": "P O BOX 2308", "city": "WALNUT CREEK", "state": "CA", "zip": "94595"}, "former-company": [{"former-conformed-name": "OWENS MORTGAGE INVESTMENT FUND", "date-changed": "19940902"}, {"former-conformed-name": "OWENS MORTGAGE INVESTMENT FUND II", "date-changed": "19920703"}]}
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): October 24, 2005
OWENS MORTGAGE INVESTMENT FUND,
a California Limited Partnership
(Exact name of registrant as specified in its charter)
California
000-17248
68-0023931
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
2221 Olympic Boulevard
Walnut Creek, California
94595
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(925) 935-3840
Not Applicable
(Former name or former address, if changed since last report.)
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 (see General Instruction A.2. below):
[
] 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))
TABLE OF CONTENTS
Item 1.02 Termination of a Material Definitive Agreement
Signatures
Section 1 – Registrant's Business and Operations
Item 1.02 Termination of a Material Definitive Agreement
On June 10, 2005, as amended on August 9, 2005 and October 3, 2005, Owens Mortgage Investment Fund (the Registrant) entered into a Purchase and Sale Agreement and Escrow Instructions (Agreement), as Seller of a property owned by it in San Jose, California (the Property), with Venture Development Corporation, an unrelated California corporation, as Buyer. Pursuant to Instruction B.3. of Form 8-K, the Registrant hereby incorporates by reference Item 5 of Form 10-Q filed on August 11, 2005 and Form 8-K filed on October 5, 2005, which provide a brief description of the material terms and conditions of the Agreement (and amendments thereto).
On October 19, 2005, the Registrant and Buyer mutually agreed to cancel the Agreement and to release one another from any and all liability in connection with the escrow. In addition, the Buyer's deposit of $50,000 was agreed to be refunded.
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 thereunto duly authorized.
Dated: October 24, 2005
OWENS MORTGAGE INVESTMENT FUND,
a California Limited Partnership
By: Owens Financial Group, Inc., General Partner
By:
/s/ Bryan H. Draper
Bryan H. Draper, Chief Financial Officer