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: August 30, 1995

                       UNITED INVESTORS GROWTH PROPERTIES 
             (Exact name of registrant as specified in its charter)


           MISSOURI                     0-17645              43-1483928
   (State or other jurisdiction of    (Commission         (I.R.S. Employer
   incorporation or organization)     File Number)         Identification
                                                               Number)


                          One Insignia Financial Plaza
                              Post Office Box 1089
                        Greenville, South Carolina  29602
                     (Address of Principal Executive Office)


        Registrant's telephone number, including area code (803) 239-1000





                                                               



ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS

    On August 30, 1995, Renaissance Village Apartments located in Seattle,
Washington, was sold to an unaffiliated party, Kauri Investments, Ltd.  United
Investors Growth Properties owned a 60% interest in Renaissance Village
Associates.  In the General Partner's opinion, it was in the Partnership's best
interest to sell the property.  Total consideration was $4,100,000.  The
Partnership recognized a gain on the sale of approximately $165,000.  The
minority interest share of this gain was approximately $66,000.



ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

(B).      PRO FORMA FINANCIAL INFORMATION

    Renaissance Village Apartments was sold to Kauri Investments, Ltd. on August
30, 1995.  The following pro forma consolidated balance sheet of the Partnership
assumes the property had been sold at June 30, 1995.
<TABLE>
                                       PRO FORMA CONSOLIDATED BALANCE SHEET
                                                    (UNAUDITED)            

<CAPTION>

                              June 30, 1995     Pro Forma          June 30, 1995
                               As Reported     Adjustments           Pro Forma  

<S>                           <C>              <C>                 <C>
 Cash                          $   345,000     $   (22,543)   (1)   $   322,457
 Other assets                      577,885         (29,503)   (1)       548,382
 Land                            2,572,105        (592,918)   (1)     1,979,187

                                                                               
 Buildings & related                     
     personal property, net     14,761,608      (3,234,454)   (1)    11,527,154
                                                                               
 Total assets                  $18,256,598     $(3,879,418)         $14,377,180
                                                                               

 Accrued liabilities           $   447,908         (27,788)   (1)     $ 420,120
                                          
 Mortgage notes payable         16,960,476      (3,878,980)   (1)    13,081,496
                                                                               
                                
 Total liabilities              17,408,384      (3,906,768)          13,501,616

                                                                               
 Minority interest                  10,657         (10,657)   (1)            --
                                                                               
                                  
 Partner's Capital                 837,557          38,007              875,564

                                                                               
 Total liabilities and                                                         
     partners capital          $18,256,598     $(3,879,418)         $14,377,180

<FN>
(1) Represents pro forma adjustments to reflect the disposition of assets and
settlement of applicable liabilities related to the sale of Renaissance Village
Apartments.
</TABLE>



    The following pro forma consolidated statements of loss assume Renaissance
Village Apartments had been sold as of June 30, 1995 and December 31, 1994,
respectively.  The following pro forma consolidated statements of loss do not
reflect the gain realized from the sale. 


<TABLE>
                                             PRO FORMA CONSOLIDATED STATEMENTS OF LOSS
                                                         (UNAUDITED)      
<CAPTION>
                                     For the six months ended                    For the year ended
                                          June 30, 1995                           December 31, 1994
                                                                                          
                                             Adjustment                              Adjustments
                                As Reported     (2)       Pro Forma    As Reported        (2)       Pro Forma
<S>                            <C>         <C>           <C>          <C>           <C>           <C>  
 Total revenues                 $1,837,835  $(412,259)    $1,425,576   $ 3,521,603   $  (769,515)  $2,752,088
                                                                                                             
 Operating expenses                494,381   (119,634)       374,747       966,341      (228,999)     737,342

 General and administrative         35,495         --         35,495        67,236            --       67,236
 Property management fees           97,189    (19,659)        77,530       187,351       (38,474)     148,877
 Maintenance                       148,633    (30,937)       117,696       387,343       (68,305)     319,038
 Depreciation and
 amortization                      358,491    (74,183)       284,308       753,409      (192,603)     560,806

 Interest                          818,133   (196,431)       621,702     1,710,239      (394,524)   1,315,715
 Property taxes                    202,859    (39,923)       162,936       388,209       (76,281)     311,928
 Provision for value
 impairment                             --         --             --     1,362,212    (1,362,212)          --
 Tenant reimbursements             (77,024)        --        (77,024)     (131,989)           --     (131,989)

 Total expenses                  2,078,157   (480,767)     1,597,390     5,690,351    (2,361,398)   3,328,953
                                                                                                             
 Minority interest in net                                                                                    
 loss ofjoint venture               27,403    (27,403)            --       636,753      (636,753)          --
                                                                                                             

 Net (loss)  income             $ (212,919)  $  41,105    $ (171,814)  $(1,531,995)  $   955,130   $ (576,865)
                                                                                                             
 Net ( loss) income                                                                                          
 allocated to general                                                                                        
 partner (1%)                   $   (2,129)  $     411    $   (1,718)  $   (15,320)  $     9,551   $   (5,769)
 Net (loss) income                                                                                           
 allocated to                                                                                                
 limited partner (99%)            (210,790)    40,694       (170,096)   (1,516,675)      945,579     (571,096)
                                                                                                             

                                $ (212,919) $  41,105     $ (171,814)  $(1,531,995)  $   955,130   $ (576,865)
                                                                                                             

 Net (loss) income per                                                                            
 limited                                                                               
 partnership unit               $    (5.36) $    1.03     $    (4.33)  $    (38.60)  $     24.07   $   (14.53) 


<FN>
(2) Represents pro forma adjustments to remove the consolidated revenues and expenses related to Renaissance
Village Apartments as a result of the sale.

Certain reclassifications have been made to the 1994 balances to conform to the 1995 presentation.

</TABLE>

                                                  SIGNATURES


      In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                              UNITED INVESTORS GROWTH PROPERTIES        
                              (A Missouri Limited Partnership)

                              By:   United Investors Real Estate, Inc., a
                                    Delaware corporation, its General Partner

      
                              By:   /s/Carroll D. Vinson                       
                                    Carroll D. Vinson
                                    President

     
                              By:   /s/Robert D. Long, Jr.                    
                                    Robert D. Long, Jr.
                                    Controller and Principal
                                    Accounting Officer


                              Date: September 14, 1995


(C)   EXHIBITS


Exhibit No.             Description

  10.16                 Purchase and Sale Agreement, made as of the 19th of
                        July, 1995, by and between Kauri Investments, Ltd., a
                        Washington corporation, and Renaissance Village
                        Associates, JV, a Kansas joint venture.

  10.17                 Amendment to Purchase and Sale Agreement, made as of the
                        10th day of August, 1995, by and between Kauri
                        Investments, Ltd., a Washington corporation, and
                        Renaissance Village Associates, JV, a Kansas joint
                        venture.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 10828}]
{"company-data": {"conformed-name": "UNITED INVESTORS GROWTH PROPERTIES", "cik": "0000831663", "assigned-sic": "6500", "irs-number": "431483928", "state-of-incorporation": "MO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17645", "film-number": "95573976"}, "business-address": {"street1": "ONE INSIGNIA FIANACIAL PLAZA", "street2": "P O BOX 1089", "city": "GREENVILLE", "state": "SC", "zip": "29602", "phone": "8032391000"}, "mail-address": {"street1": "ONE INSIGNIA FINANCIAL PLAZA", "street2": "P.O. BOX 1089", "city": "GREENVILLE", "state": "SC", "zip": "29602"}}
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: August 30, 1995

                       UNITED INVESTORS GROWTH PROPERTIES 
             (Exact name of registrant as specified in its charter)

           MISSOURI                     0-17645              43-1483928
   (State or other jurisdiction of    (Commission         (I.R.S. Employer
   incorporation or organization)     File Number)         Identification
                                                               Number)

                          One Insignia Financial Plaza
                              Post Office Box 1089
                        Greenville, South Carolina  29602
                     (Address of Principal Executive Office)

        Registrant's telephone number, including area code (803) 239-1000

                                                               

ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS

    On August 30, 1995, Renaissance Village Apartments located in Seattle,
Washington, was sold to an unaffiliated party, Kauri Investments, Ltd.  United
Investors Growth Properties owned a 60% interest in Renaissance Village
Associates.  In the General Partner's opinion, it was in the Partnership's best
interest to sell the property.  Total consideration was $4,100,000.  The
Partnership recognized a gain on the sale of approximately $165,000.  The
minority interest share of this gain was approximately $66,000.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

(B).      PRO FORMA FINANCIAL INFORMATION

    Renaissance Village Apartments was sold to Kauri Investments, Ltd. on August
30, 1995.  The following pro forma consolidated balance sheet of the Partnership
assumes the property had been sold at June 30, 1995.

                                       PRO FORMA CONSOLIDATED BALANCE SHEET
                                                    (UNAUDITED)
June 30, 1995     Pro Forma          June 30, 1995
                               As Reported     Adjustments           Pro Forma
Cash                          $   345,000     $   (22,543)   (1)   $   322,457
 Other assets                      577,885         (29,503)   (1)       548,382
 Land                            2,572,105        (592,918)   (1)     1,979,187

                                                                               
 Buildings & related                     
     personal property, net     14,761,608      (3,234,454)   (1)    11,527,154
                                                                               
 Total assets                  $18,256,598     $(3,879,418)         $14,377,180
                                                                               

 Accrued liabilities           $   447,908         (27,788)   (1)     $ 420,120
                                          
 Mortgage notes payable         16,960,476      (3,878,980)   (1)    13,081,496
                                                                               
                                
 Total liabilities              17,408,384      (3,906,768)          13,501,616

                                                                               
 Minority interest                  10,657         (10,657)   (1)            --
                                                                               
                                  
 Partner's Capital                 837,557          38,007              875,564

                                                                               
 Total liabilities and                                                         
     partners capital          $18,256,598     $(3,879,418)         $14,377,180
(1) Represents pro forma adjustments to reflect the disposition of assets and
settlement of applicable liabilities related to the sale of Renaissance Village
Apartments.
The following pro forma consolidated statements of loss assume Renaissance
Village Apartments had been sold as of June 30, 1995 and December 31, 1994,
respectively.  The following pro forma consolidated statements of loss do not
reflect the gain realized from the sale. 

                                             PRO FORMA CONSOLIDATED STATEMENTS OF LOSS
                                                         (UNAUDITED)
For the six months ended                    For the year ended
                                          June 30, 1995                           December 31, 1994
                                                                                          
                                             Adjustment                              Adjustments
                                As Reported     (2)       Pro Forma    As Reported        (2)       Pro Forma
Total revenues                 $1,837,835  $(412,259)    $1,425,576   $ 3,521,603   $  (769,515)  $2,752,088
                                                                                                             
 Operating expenses                494,381   (119,634)       374,747       966,341      (228,999)     737,342

 General and administrative         35,495         --         35,495        67,236            --       67,236
 Property management fees           97,189    (19,659)        77,530       187,351       (38,474)     148,877
 Maintenance                       148,633    (30,937)       117,696       387,343       (68,305)     319,038
 Depreciation and
 amortization                      358,491    (74,183)       284,308       753,409      (192,603)     560,806

 Interest                          818,133   (196,431)       621,702     1,710,239      (394,524)   1,315,715
 Property taxes                    202,859    (39,923)       162,936       388,209       (76,281)     311,928
 Provision for value
 impairment                             --         --             --     1,362,212    (1,362,212)          --
 Tenant reimbursements             (77,024)        --        (77,024)     (131,989)           --     (131,989)

 Total expenses                  2,078,157   (480,767)     1,597,390     5,690,351    (2,361,398)   3,328,953
                                                                                                             
 Minority interest in net                                                                                    
 loss ofjoint venture               27,403    (27,403)            --       636,753      (636,753)          --
                                                                                                             

 Net (loss)  income             $ (212,919)  $  41,105    $ (171,814)  $(1,531,995)  $   955,130   $ (576,865)
                                                                                                             
 Net ( loss) income                                                                                          
 allocated to general                                                                                        
 partner (1%)                   $   (2,129)  $     411    $   (1,718)  $   (15,320)  $     9,551   $   (5,769)
 Net (loss) income                                                                                           
 allocated to                                                                                                
 limited partner (99%)            (210,790)    40,694       (170,096)   (1,516,675)      945,579     (571,096)
                                                                                                             

                                $ (212,919) $  41,105     $ (171,814)  $(1,531,995)  $   955,130   $ (576,865)
                                                                                                             

 Net (loss) income per                                                                            
 limited                                                                               
 partnership unit               $    (5.36) $    1.03     $    (4.33)  $    (38.60)  $     24.07   $   (14.53)
(2) Represents pro forma adjustments to remove the consolidated revenues and expenses related to Renaissance
Village Apartments as a result of the sale.

Certain reclassifications have been made to the 1994 balances to conform to the 1995 presentation.
SIGNATURES

      In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                              UNITED INVESTORS GROWTH PROPERTIES        
                              (A Missouri Limited Partnership)

                              By:   United Investors Real Estate, Inc., a
                                    Delaware corporation, its General Partner

      
                              By:   /s/Carroll D. Vinson                       
                                    Carroll D. Vinson
                                    President

     
                              By:   /s/Robert D. Long, Jr.                    
                                    Robert D. Long, Jr.
                                    Controller and Principal
                                    Accounting Officer

                              Date: September 14, 1995

(C)   EXHIBITS

Exhibit No.             Description

  10.16                 Purchase and Sale Agreement, made as of the 19th of
                        July, 1995, by and between Kauri Investments, Ltd., a
                        Washington corporation, and Renaissance Village
                        Associates, JV, a Kansas joint venture.

  10.17                 Amendment to Purchase and Sale Agreement, made as of the
                        10th day of August, 1995, by and between Kauri
                        Investments, Ltd., a Washington corporation, and
                        Renaissance Village Associates, JV, a Kansas joint
                        venture.