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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font STYLE='FONT-SIZE:16PT'>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font STYLE='FONT-SIZE:16PT'>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font STYLE='FONT-SIZE:10PT'>WASHINGTON, DC 20549</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font STYLE='FONT-SIZE:16PT'>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font STYLE='FONT-SIZE:10PT'><b>CURRENT
  REPORT PURSUANT</b></font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font STYLE='FONT-SIZE:10PT'>TO
  SECTION 13 OR 15(D) OF THE</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font STYLE='FONT-SIZE:10PT'>SECURITIES
  EXCHANGE ACT OF 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Date of report (Date of earliest event reported): December 31, 2006</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Commission File Number: 333-26933</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><b><font style='font-size:18pt'>COMMONWEALTH INCOME &amp; GROWTH FUND I</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Exact name of registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>&nbsp;</font></p>

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                    <td align=center valign=top width="280"><b><font style='font-size:10pt'>Pennsylvania</font></b><br>
<font style='font-size:10pt'>(State or other jurisdiction of </font><br>
<font style='font-size:10pt'>incorporation or organization)</font><br></td>
        <td align=center width="280" >&nbsp;</td>
                    <td align=center valign=top width="280"><b><font style='font-size:10pt'>23-2735641</font></b><br>
<font style='font-size:10pt'>(I.R.S. Employer </font><br>
<font style='font-size:10pt'>Identification Number)</font></td>
        <td width="50">&nbsp;</td></tr></table>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Brandywine One, Suite 200, 2 Christy Drive</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10pt'>Chadds
      Ford, Pennsylvania 19314</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Address, including zip code, of principal executive offices)</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>(610) 594-9600</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Registrant&#146;s telephone number including area code)</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font style='font-size:10pt'>Check the appropriate box below if the Form 8-K filing is intended to</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>simultaneously satisfy the filing obligation of the registrant under any of the</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>following provisions (see General Instruction A.2. below):</font></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font style='font-size:10pt'>Section 8 - Other Events</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 8.01 Other Events.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Commonwealth Income &amp; Growth Fund I, a Pennsylvania limited partnership, has been fully liquidated as of December 31, 2006. Liquidation began on July 1, 2005 and final distributions were sent to limited partners on December 29, 2006.</font></p>

<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font STYLE='FONT-SIZE:10PT'>SIGNATURE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>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></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12pt'>&nbsp;</font></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>COMMONWEALTH
          INCOME &amp; GROWTH FUND I</font></p>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font STYLE='FONT-SIZE:10PT'>BY:</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>COMMONWEALTH INCOME &amp; GROWTH FUND, INC., its General Partner</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;By:</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10pt'>/s/ Kimberly A. Springsteen</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Date&nbsp;&nbsp;January 5, 2007</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Kimberly A. Springsteen </font><br> <font style='font-size:10pt'>Chief Executive Officer</font></p> </td> </tr></table>
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[{"type": "8-K", "sequence": "1", "filename": "b416681_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 14300}]
{"company-data": {"conformed-name": "COMMONWEALTH INCOME & GROWTH FUND I", "cik": "0000913141", "assigned-sic": "7350", "irs-number": "232735641", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28404", "film-number": "07512446"}, "business-address": {"street1": "470 JOHN YOUNG WAY", "street2": "SUITE 300", "city": "EXTON", "state": "PA", "zip": "19341", "phone": "610-594-9600"}, "mail-address": {"street1": "470 JOHN YOUNG WAY", "street2": "SUITE 300", "city": "EXTON", "state": "PA", "zip": "19341"}}
Prepared and Filed by St Ives Financial
UNITED STATES
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 (Date of earliest event reported): December 31, 2006
Commission File Number: 333-26933
COMMONWEALTH INCOME & GROWTH FUND I
(Exact name of registrant as specified in its charter)
Pennsylvania
(State or other jurisdiction of
incorporation or organization)
23-2735641
(I.R.S. Employer
Identification Number)
Brandywine One, Suite 200, 2 Christy Drive
Chadds
      Ford, Pennsylvania 19314
(Address, including zip code, of principal executive offices)
(610) 594-9600
(Registrant's telephone number including area code)
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))
Section 8 - Other Events
Item 8.01 Other Events.
Commonwealth Income & Growth Fund I, a Pennsylvania limited partnership, has been fully liquidated as of December 31, 2006. Liquidation began on July 1, 2005 and final distributions were sent to limited partners on December 29, 2006.
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, thereunto duly authorized.
COMMONWEALTH
          INCOME & GROWTH FUND I
BY:
COMMONWEALTH INCOME & GROWTH FUND, INC., its General Partner
By:
/s/ Kimberly A. Springsteen
Date  January 5, 2007
Kimberly A. Springsteen
Chief Executive Officer