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<P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C.  20549</P>
</B><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">FORM 8-K</P>
</B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">CURRENT REPORT</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Date of Report: February 3, 2005<BR>
(Date of earliest event reported)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">Inland Land Appreciation Fund, L.P.<BR>
</B>(Exact name of registrant as specified in the charter)</P>
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<P>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=654>
<TR><TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Delaware</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">0-18431</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">36-3544798</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P>(State or other jurisdiction of incorporation)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P>(Commission File No.)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P>(IRS Employer Identification No.)</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=3><P ALIGN="CENTER">2901 Butterfield Road<BR>
Oak Brook, Illinois 60523<BR>
(Address of Principal Executive Offices)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">(630) 218-8000<BR>
(Registrant's telephone number including area code)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Not Applicable<BR>
Former name or former address, if changed since last report)</P>
<P>&nbsp;</P>
<P>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):</P>
<P>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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</FONT><FONT SIZE=2><P>&nbsp;</P>
</FONT><B><P ALIGN="JUSTIFY">Item 9.01&nbsp;&nbsp;Financial Statements and Exhibits.</P>
</B><FONT SIZE=3>
<P>(c)&nbsp;&nbsp;Exhibits</P>
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<U><FONT SIZE=3><P>Exhibit</U></FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<U><FONT SIZE=3><P>Description</U></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="89%" VALIGN="TOP">&nbsp;</TD>
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<FONT SIZE=3><P>16.1</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT SIZE=3><P>Letter of Deloitte &amp; Touche LLP regarding change in certifying accountant.</FONT></TD>
</TR>
</TABLE>

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</FONT><FONT SIZE=2><P>&nbsp;</P>
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<B><P ALIGN="CENTER">SIGNATURES<BR>
</P>
</B><P>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.</P>

<P>&nbsp;</P>
<P>Inland Land Appreciation Fund, L.P.<BR>
(Registrant)</P>

<P>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=421>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=3><P>By:</FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=3><P>/s/ Kelly Tucek</FONT></TD>
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<TR><TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="87%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=3><P> </FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=3><P>Kelly Tucek</FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=3><P> </FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=3><P>Vice President of the General Partner and principal financial officer of Inland Land Appreciation Fund, L.P.</FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="87%" VALIGN="TOP">&nbsp;</TD>
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<FONT SIZE=3><P>Date:</FONT></TD>
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<FONT SIZE=3><P>February 3, 2005</FONT></TD>
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{"company-data": {"conformed-name": "INLAND LAND APPRECIATION FUND LP", "cik": "0000825315", "assigned-sic": "6500", "irs-number": "363544798", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18431", "film-number": "05574529"}, "business-address": {"street1": "2901 BUTTERFIELD RD", "city": "OAK BROOK", "state": "IL", "zip": "60521", "phone": "7082188000"}, "mail-address": {"street1": "2901 BUTTERFIELD ROAD", "city": "OAKBROOK", "state": "IL", "zip": "60521"}, "former-company": {"former-conformed-name": "INLANDS LEVERAGE PLUS FUND LP", "date-changed": "19880928"}}
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: February 3, 2005
(Date of earliest event reported)
Inland Land Appreciation Fund, L.P.
(Exact name of registrant as specified in the charter)
Delaware
0-18431
36-3544798
(State or other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer Identification No.)
2901 Butterfield Road
Oak Brook, Illinois 60523
(Address of Principal Executive Offices)
(630) 218-8000
(Registrant's telephone number including area code)
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))
Item 9.01  Financial Statements and Exhibits.
(c)  Exhibits
Exhibit
Description
16.1
Letter of Deloitte & Touche LLP regarding change in certifying accountant.
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 hereunto duly authorized.
Inland Land Appreciation Fund, L.P.
(Registrant)
By:
/s/ Kelly Tucek
Kelly Tucek
Vice President of the General Partner and principal financial officer of Inland Land Appreciation Fund, L.P.
Date:
February 3, 2005