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): September 23, 1997


                          Everest Futures Fund, L.P. 
             (Exact name of registrant as specified in its charter)


              Iowa              0-17555                42-1318186
         (State or other      (Commission            (IRS Employer
          jurisdiction of      File Number)           Identification No.)
          organization)



            508 North Second St., Suite 302, Fairfield, Iowa    52556
           (Address of principal executive offices)           (Zip Code)


     Registrant's telephone number, including area code:  (515)472-5500

                      __________________________________ 
       (Former name or former address, if changed since last report).




                    
Item 1.    Changes in Control of Registrant

           Not Applicable.

           
Item 2.    Acquisition or Disposition of Assets

           Not Applicable.

           
Item 3.    Bankruptcy or Receivership

           Not Applicable.

            
Item 4.    Changes in Registrant's Certifying Accountant

           Ernst & Young LLP, the former accountant of the Registrant, 
was dismissed on September 23, 1997.  Ernst & Young LLP gave an
unqualified opinion to the Registrant for the past two fiscal
years ended December 31, 1995 and December 31, 1996.  The
decision to change accountants was recommended by the Board of
Directors of the General Partner of the Registrant.  During the
Registrant's two most recent fiscal years preceding the
dismissal of Ernst & Young LLP there were no disagreements with
Ernst & Young LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure which disagreements, if not resolved to the
satisfaction of Ernst & Young LLP, would have caused Ernst &
Young LLP to make a reference to the subject matter of the
disagreement(s) in connection with its reports.  During the
Registrant's two most recent fiscal years preceding the
dismissal of Ernst & Young LLP there was no occurrence of 
events as described in Item 304(a)(1)(v) paragraphs (A) through
(D).
           
           The Registrant engaged KPMG Peat Marwick LLP as its new
independent accountant effective September 24, 1997.  The
Registrant has not consulted KPMG Peat Marwick LLP during the
Registrant's two most recent fiscal years.        

           The Registrant has provided Ernst & Young LLP with a copy of
this Form 8-K and Ernst & Young LLP has provided to the
Registrant a copy of a letter addressed to the Securities and
Exchange Commission stating that it agrees with the statements
made by the Registrant in this Form 8-K.  The letter provided by
Ernst & Young LLP to the Securities and Exchange Commission is
attached hereto as Exhibit A.
                            
                            Page 2




Item 5.    Other Events

           Not Applicable.

           
Item 6.    Resignations of Registrant's Directors

           Not Applicable.

           
Item 7.    Financial Statements and Exhibits

           Not Applicable.     

           
Item 8.    Change in Fiscal Year.

           Not Applicable. 



           
                             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.



DATE:  September 29, 1997               EVEREST FUTURES FUND, L.P.
                                            (Registrant)


                                        Everest Asset Management, Inc.,
                                        General Partner

                                        BY: /s/ Peter Lamoureux
                                                Peter Lamoureux
                                                President


                                   Page 3





                                                        EXHIBIT A


                      [On Ernst & Young LLP Letterhead]



September 29, 1997


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549


	Re:	Commodity Pool: Everest Futures Fund, L.P.,
                Commission File No. 0-17555


Gentlemen:

We have read Item 4 of Form 8-K dated September 23, 1997 of
Everest Futures Fund, L.P. and are in agreement with the
statements contained in the paragraphs on page 2 therein.  We
have no basis to agree or disagree with other statements of the
registrant contained therein.

			
                         /s/  Ernst & Young LLP
                              ERNST & YOUNG LLP
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4974}]
{"company-data": {"conformed-name": "EVEREST FUTURES FUND L P", "cik": "0000837919", "assigned-sic": "6221", "irs-number": "421318186", "state-of-incorporation": "IA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17555", "film-number": "97687968"}, "business-address": {"street1": "508 N SECOND ST", "street2": "STE 302", "city": "FAIRFIELD", "state": "IA", "zip": "52556", "phone": "5154725500"}, "mail-address": {"street1": "508 N SECOND ST", "street2": "SUITE 302", "city": "FAIRFIELD", "state": "IA", "zip": "52556"}, "former-company": [{"former-conformed-name": "EVEREST ENERGY FUTURES FUND L P", "date-changed": "19920331"}, {"former-conformed-name": "EVEREST ENERGY FUND L P", "date-changed": "19881211"}]}
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): September 23, 1997

                          Everest Futures Fund, L.P. 
             (Exact name of registrant as specified in its charter)

              Iowa              0-17555                42-1318186
         (State or other      (Commission            (IRS Employer
          jurisdiction of      File Number)           Identification No.)
          organization)

            508 North Second St., Suite 302, Fairfield, Iowa    52556
           (Address of principal executive offices)           (Zip Code)

     Registrant's telephone number, including area code:  (515)472-5500

                      __________________________________ 
       (Former name or former address, if changed since last report).

                    
Item 1.    Changes in Control of Registrant

           Not Applicable.

           
Item 2.    Acquisition or Disposition of Assets

           Not Applicable.

           
Item 3.    Bankruptcy or Receivership

           Not Applicable.

            
Item 4.    Changes in Registrant's Certifying Accountant

           Ernst & Young LLP, the former accountant of the Registrant, 
was dismissed on September 23, 1997.  Ernst & Young LLP gave an
unqualified opinion to the Registrant for the past two fiscal
years ended December 31, 1995 and December 31, 1996.  The
decision to change accountants was recommended by the Board of
Directors of the General Partner of the Registrant.  During the
Registrant's two most recent fiscal years preceding the
dismissal of Ernst & Young LLP there were no disagreements with
Ernst & Young LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure which disagreements, if not resolved to the
satisfaction of Ernst & Young LLP, would have caused Ernst &
Young LLP to make a reference to the subject matter of the
disagreement(s) in connection with its reports.  During the
Registrant's two most recent fiscal years preceding the
dismissal of Ernst & Young LLP there was no occurrence of 
events as described in Item 304(a)(1)(v) paragraphs (A) through
(D).
           
           The Registrant engaged KPMG Peat Marwick LLP as its new
independent accountant effective September 24, 1997.  The
Registrant has not consulted KPMG Peat Marwick LLP during the
Registrant's two most recent fiscal years.        

           The Registrant has provided Ernst & Young LLP with a copy of
this Form 8-K and Ernst & Young LLP has provided to the
Registrant a copy of a letter addressed to the Securities and
Exchange Commission stating that it agrees with the statements
made by the Registrant in this Form 8-K.  The letter provided by
Ernst & Young LLP to the Securities and Exchange Commission is
attached hereto as Exhibit A.
                            
                            Page 2

Item 5.    Other Events

           Not Applicable.

           
Item 6.    Resignations of Registrant's Directors

           Not Applicable.

           
Item 7.    Financial Statements and Exhibits

           Not Applicable.     

           
Item 8.    Change in Fiscal Year.

           Not Applicable. 

           
                             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.

DATE:  September 29, 1997               EVEREST FUTURES FUND, L.P.
                                            (Registrant)

                                        Everest Asset Management, Inc.,
                                        General Partner

                                        BY: /s/ Peter Lamoureux
                                                Peter Lamoureux
                                                President

                                   Page 3

                                                        EXHIBIT A

                      [On Ernst & Young LLP Letterhead]

September 29, 1997

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

	Re:	Commodity Pool: Everest Futures Fund, L.P.,
                Commission File No. 0-17555

Gentlemen:

We have read Item 4 of Form 8-K dated September 23, 1997 of
Everest Futures Fund, L.P. and are in agreement with the
statements contained in the paragraphs on page 2 therein.  We
have no basis to agree or disagree with other statements of the
registrant contained therein.

			
                         /s/  Ernst & Young LLP
                              ERNST & YOUNG LLP