Item 1. Business.
(a) General Development of Business Certificates of Participation ("COPs") represent an assignment from the issuing general partners of some, but not all, of their rights to participate in the profits, losses and gains of, and to receive distributions from Burger King Limited Partnership I, Burger King Limited Partnership II, and Burger King Limited Partnership III. On May 10, 1996, Burger King Limited Partnership II ("BK-II") completed the sale of its 29 remaining restaurant properties and was subsequently dissolved in December 1996. Accordingly, COPs' investment in BK-II Properties Inc. ("GP-II"), the general partner of BK-II, was also dissolved in December 1996.
The remaining issuing general partners and their respective partnerships are BK I Realty Inc. (formerly Shearson/BK Realty, Inc.) ("GP-I"), a New York corporation and the general partner of Burger King Limited Partnership I ("BK-I"), a New York limited partnership; and BK III Restaurants Inc. (formerly Shearson/BK Restaurants, Inc.) ("GP-III"), a New York corporation and general partner of Burger King Limited Partnership III ("BK-III"), a New York limited partnership. (GP-I and GP-III are collectively referred to herein as the "General Partners". BK-I and BK-III are collectively referred to herein as the "Partnerships".) Each of the General Partners are affiliates of Lehman Brothers Inc. ("Lehman") (formerly Shearson Lehman Brothers, Inc. ("Shearson"), see Item 10).
COPs includes an assignment from GP-I of some, but not all, of GP- I's rights to participate in the profits, losses and gains of, and to receive distributions from BK-I (the "BK-I COPs"). More specifically, BK-I COPs represent, in the aggregate, an assignment to the holders of the BK-I COPs ("BK-I COPs Holders") as defined under the terms of the partnership agreement of BK-I (the "BK-I Partnership Agreement"), the rights of GP-I to receive (i) as distributions from BK-I, up to an additional 4% of BK-I's net cash flow from operations for each year that the BK-I limited partners have received cash distributions equal to 12 1/2% per annum of their BK-I remaining invested capital, and, after BK-I Payout, as defined in the BK-I Partnership Agreement, (BK-I "Payout"), 8.89% of BK-I's net property disposition proceeds; and (ii) as allocations by BK-I, 4% of any excess of net taxable income over BK-I's net cash flow from operations; after BK-I Payout, 10.11% of losses; and after BK-I Payout, 10.11% of gain on disposition of BK- I's properties (collectively, the "BK-I Assigned Interest"). The BK-I Assigned Interest has been assigned in equal parts to the BK-I COPs Holders. The unassigned portion of the rights of GP-I to receive distributions and allocations from BK-I represents GP-I's retained interest.
COPs also includes an assignment from GP-III of some, but not all, of GP-III's rights to participate in the profits, losses and gains of, and to receive distributions from BK-III (the "BK-III COPs"). More specifically, BK-III COPs represent, in the aggregate, an assignment to the holders of the BK-III COPs ("BK-III COPs Holders") as defined under the terms of the partnership agreement of BK-III (the "BK-III Partnership Agreement")(collectively, the BK- I Partnership Agreement and the BK-III Partnership Agreement are defined as the "Partnership Agreements"), the rights of GP-III to receive (i) as distributions from BK-III, 4% of BK-III's net cash flow from operations for each year and, after BK-III Payout, as defined in the BK-III Partnership Agreement, (BK-III "Payout"), 4.7% of BK-III's net property disposition proceeds; and (ii) as allocations by BK-III, 4% of net taxable income; after BK-III Payout, 4.88% of losses; and, after BK-III Payout, 4.88% of gain on disposition of BK-III's properties (collectively, the "BK-III Assigned Interest"). The BK-III Assigned Interest has been assigned in equal parts to the BK-III COPs Holders. The unassigned portion of the rights of BK-III represents GP-III's retained interest.
BK-I COPs Holders and BK-III COPs Holders are collectively referred to as "COPs Holders".
BK-I and BK-III originally acquired or ground leased, the sites for, and constructed, 32 and 27, respectively, free-standing Burger Kingr fast-food restaurants (each referred to as the "Property", collectively, the "Properties") which are leased on a net basis to franchisees of Burger King Corporation ("BKC"). Prior to the Partnerships' acquisition of each Property, BKC proposed the site for approval by each respective General Partner. The sites are geographically diversified throughout the United States. No further site acquisitions are anticipated. The General Partners do not manage or operate any Property nor do they acquire or finance the acquisition of the equipment necessary to operate the Properties. BK-I currently owns nine Properties and BK-III currently owns 23 Properties. Reference is made to Item 2

Item 2. Properties.
The following tables set forth the location of sites which the Partnerships have acquired or ground leased as of December 31, 1996. The Partnerships own the completed improvements in fee ownership and either have a fee ownership in the land or a ground leasehold interest in the land as indicated. Also included is the location of sites which the Partnerships have sold as of December 31, 1996, the acquisition date, and the date of sale. Financial information regarding sales includes book value, selling price and gain on the sale.
In the event one of the Properties defaults on its rent obligations, BKC is required to pay to the respective Partnership the minimum rent due under the Property's lease. If a Property remains in default for 12 months, BKC can either declare economic abandonment of the Property and supervise its sale to a third party or purchase the Property from the Partnership at a purchase price which is equal to the greater of the fair market value of the Property or the minimum guaranteed price as set forth in the management agreements between BKC and the Partnerships.
BK-I Properties owned as of December 31, 1996
Atlanta, Georgia* Klamath Falls, Oregon* Decatur, Alabama Springdale, Arkansas Fairfield, Ohio Springfield, Massachusetts* Greenfield, Wisconsin Statesville, North Carolina Greenville, South Carolina
* Subject to a ground lease.
For the year ended December 31, 1996, the Properties located in Statesville (NC), Decatur (AL), Springdale (AR), Atlanta (GA) and Klamath Falls (OR) generated 11%, 14%, 10%, 13% and 13%, respectively, of BK-I's total rental revenues. No individual Property represented 10% or more of BK-I's total assets for the year ended December 31, 1996.
BK-I Properties Sold as of December 31, 1996
Site Acquisition Sale Net Adjusted Gain Location Date Date Book Value Selling Price on Sale 1. Altus, Oklahoma 11/10/82 12/30/91 $ 259,954 $ 290,164 $ 30,210 2. Grand Island, Nebraska 05/07/82 10/01/92 218,064 686,000 467,936 3. Marion, Virginia 11/24/82 10/01/92 119,207 229,900 110,693 4. Sunnyvale, California 02/03/83 10/01/92 151,063 348,000 196,937 5. Greenbelt, Maryland 10/12/82 11/23/92 127,217 478,500 351,283 6. Guilderland, New York 05/20/82 12/23/92 440,742 853,000 412,258 7. Atlantic Highlands, NJ 04/08/83 03/04/93 129,381 158,002 28,621 8. Rohnert Park, California 10/11/82 03/23/93 111,445 206,500 95,055 9. Dothan, Alabama 11/11/82 03/26/93 298,067 725,000 426,933 10. Madison Heights, Virginia 02/23/83 07/01/94 274,271 369,218 94,947 11. Pearl, Mississippi 06/29/82 08/01/94 257,672 427,108 169,436 12. Falmouth, Massachusetts 09/24/82 08/01/94 289,187 568,353 279,166 13. Tucson, Arizona 10/07/82 08/01/94 74,146 161,163 87,017 14. W. Springfield, Massachusetts 10/18/82 08/01/94 104,977 151,391 46,414 15. Jackson, Mississippi 02/06/85 08/01/94 332,299 503,149 170,850 16. Kansas City, Missouri 01/10/83 12/02/94 290,626 536,691 246,065 17. Salem, Massachusetts 09/23/82 12/09/94 335,664 590,264 254,600 18. Pasco, Washington 06/01/82 12/15/94 271,444 618,487 347,043 19. West Allis, Wisconsin 10/07/82 12/15/94 366,838 711,987 345,149 20. Washington, North Carolina 08/20/82 03/08/95 180,837 619,944 439,107 21. Big Spring, Texas 07/01/84 03/31/95 130,499 455,898 325,399 22. Carlsbad, New Mexico 05/12/84 03/31/95 240,175 728,684 488,509 23. Wichita, Kansas 09/08/82 10/01/96 241,905 580,500 338,595
BK-III Properties owned as of December 31, 1996
Albuquerque, New Mexico* Gary, Indiana Atlanta, Georgia Gallatin, Tennessee Brooklyn Park, Maryland* Largo, Florida Chattanooga, Tennessee Memphis, Tennessee Cleburne, Texas Montgomery, Alabama* Columbus, Indiana Mounds View, Minnesota Covina, California Nashville, Tennessee Edison, New Jersey North Augusta, South Carolina Fayetteville, North Carolina* San Bernadino, California* Federal Heights, Colorado* Shelbyville, Tennessee Frankfort, Kentucky Sulphur Springs, Texas Wilson, North Carolina
* Subject to a ground lease.
For the year ended December 31, 1996, no individual Property generated rental revenues of 10% or more of BK-III's total rental revenues. Additionally, no individual Property represented 10% or more of BK-III's total assets for the year ended December 31, 1996.
BK-III Properties Sold as of December 31, 1996
Site Acquisition Sale Net Adjusted Gain Location Date Date Book Value Selling Price on Sale 1. Woodstock, Georgia 07/19/84 04/12/91 $304,047 $380,059 $ 76,012 2. Kansas City, Missouri 05/05/86 02/10/93 336,807 398,189 61,382 3. Waterford Township, MI 03/21/86 03/08/93 430,678 531,809 101,131 4. Delhi Township, Ohio 06/16/86 11/15/96 123,807 507,000 383,193
Item 3.

Item 3. Legal Proceedings.
There are no pending legal proceedings to which the Partnerships' are a party or to which any of their assets are subject.
Item 4.

Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.

Item 5. Market for the Registrant's Units and Related Security Holder Matters.
(a) Market Information No public market for the COPs units (the "Units") presently exists. Each Unit currently consists of one BK-I COPs and one BK-III COPs.
(b) Holders The number of COPs Holders as of December 31, 1996 was 608.
(c) Distributions The following table illustrates the per Unit quarterly cash distributions paid to COPs Holders during the past two years:
Quarter Declared 1996 1995 First Quarter $ 5.77 $ 11.70 (3) Second Quarter 5.33 5.31 (4) Third Quarter 5.59 5.46 Fourth Quarter 18.83 (1) 37.92 Special Distributions 184.47 (2) -- Total Cash Distributions $219.99 $ 60.39
(1) Includes a $2.83 per Unit distribution of net proceeds received from Property sales paid on January 30, 1997.
(2) This amount includes (i) a $171.35 per Unit distribution of net proceeds received from the sale of BK-II's remaining Properties paid on August 30, 1996, and (ii) a liquidating distribution of $13.12 per Unit paid on December 30, 1996 representing COPs' share of BK-II's cash flow from operations for the first and second quarters of 1996 after the payment of BK-II's final expenses and liabilities.
(3) Includes a $5.05 per Unit distribution of net proceeds received from Property sales paid on April 28, 1995.
(4) Includes a $0.39 per Unit distribution of net proceeds received from a Property sale paid on August 1, 1995.
Reference is also made to the "Message to Investors" of the 1996 Annual Report to COPs Holders, which is filed as an exhibit under Item 14, for additional information concerning distributions paid by the Partnership.
Item 6.

Item 6. Selected Financial Data.
The information set forth below should be read in conjunction with the Partnership's Financial Statements and notes thereto and Item 7

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Liquidity and Capital Resources The General Partners do not engage in the sale of goods or services. Their only assets are the investments in the Partnerships.
The prospectuses of BK-I and BK-III specify that BKC had the option to purchase any or all of the Properties at fair market value, determined by an independent appraisal, at any time during the eighth through tenth years following the date of completion of the offering of the Units in each Partnership. The offering of the Units in BK-I and BK-III occurred in 1982 and 1984, respectively, and, therefore, BKC's options to purchase the Properties has expired.
GP-I has had discussions with a number of institutions and other third parties interested in purchasing BK-I's nine remaining Properties. However, an environmental issue at the Greenfield Property has delayed BK-I's efforts to complete a sale of the remaining Properties. BK-I had previously proposed site-specific clean-up standards for the Greenfield Property to the WDNR, whose response has taken significantly longer than originally anticipated. In light of the unanticipated lengthy delay, GP-I has decided to move forward with its efforts to market the Properties for sale during 1997. Upon the sale of the Properties, GP-I intends to distribute the net sales proceeds in accordance with the terms of BK-I's Partnership Agreement. While GP-I is hopeful that a sale of the Properties can be completed during 1997, there can be no assurance that such efforts will be successful.
GP-I believes that the potential environmental remediation costs associated with the Greenfield Property should not exceed approximately $300,000 and, therefore, in accordance with BK-I's Partnership Agreement, such amount has been set aside from BK-I's net cash flow from operations to fund these costs. If the proposed site-specific standards are approved by the WDNR prior to any sale of the Properties, it is expected that any of such reserves spent on the environmental remediation should be recovered from the proceeds of the eventual sale of the Greenfield Property. Therefore, any remediation costs incurred prior to a sale of the Greenfield Property will be capitalized and included in the carrying value of BK-I's Properties. Alternatively, if the sale occurs prior to the receipt of such approval, it is likely that any buyer will attribute a discount to the value of the Greenfield Property in determining an acceptable purchase price.
GP-I believes that BK-I should have sufficient assets with which to pay any potential remediation costs on the Greenfield Property. In the unlikely event that BK-I does not have sufficient assets with which to pay such costs, GP-I is unaware of any Federal or State of Wisconsin environmental law potentially imposing any personal liability on the unitholders of BK-I for their pro-rata share of BK- I's remediation costs. Therefore, except as otherwise provided for in BK-I's Partnership Agreement, unitholders of BK-I may be liable for BK-I's obligations only to the extent of their respective capital contributions.
After a careful evaluation of market conditions, GP-III has decided to commence efforts to market BK-III's remaining 23 Properties during 1997 in a bulk sale transaction. While GP-III is hopeful that a sale of the Properties can be completed during 1997, there can be no assurance that such efforts will be successful. Until all of BK-III's remaining Properties are sold, BK-III intends to continue operating the Properties and will distribute cash flow from operations to the partners in accordance with the terms of the BK-III's Partnership Agreement.
As a result of BK-I's and BK-III's intention to pursue a sale of their respective Properties, the Properties have been reclassified on the Partnership's respective balance sheets as real estate held for sale and are carried at the lower of cost or fair value less any estimated costs to sell the Properties, including any estimated environmental remediation costs.
At December 31, 1996, GP-I's investment in BK-I was $(48,060), reflecting distributions in excess of equity in earnings plus the initial investments. GP-III's investment in BK-III was $878 at December 31, 1996, compared to $(2,424) at December 31, 1995.
COPs Holders receive their pro rata share of the cash distributions assigned by GP-III on a quarterly basis and their pro rata share of the cash distributions assigned by GP-I on an annual basis in accordance with the respective Partnership Agreements.
For 1996, COPs Holders received total distributions of $219.99 per Unit. This included: (i) a cash distribution made as a result of the sale of BK-II's remaining Properties in the amounts of $171.35 per Unit, (ii) the related liquidating distribution in the amount of $13.12 per Unit, (iii) a distribution of BK-I's annual cash flow from operations of $10.66 per Unit, (iv) quarterly distributions of BK-III's cash flow from operations during 1996 totalling $22.03 per Unit, (v) a distribution of net proceeds from the sale of one of BK- I's Properties in the fourth quarter of 1996 in the amount of $1.51 per Unit, and (vi) a distribution of net proceeds from the sale of one of BK-III's Properties in the last quarter of 1996 in the amount of $1.32 per Unit.
Since the inception of COPs, cumulative cash distributions have totaled $972.19 per original $1,000 Unit, including distributions of cash flow from operations in the amount of $764.11 per Unit and distributions of net proceeds from the sales of Properties in the amount of $208.08 per Unit. Distributions of net sales proceeds represent returns of capital which have reduced COPs' Unit size from $1,000 to $791.92.
Results of Operations The results of operations for the 1996, 1995, and 1994 fiscal years are primarily attributable to the investments in BK-I and BK-III.
For the years ended December 31, 1996, 1995 and 1994, GP-I's net income was $23,000, $34,190 and $59,579, respectively. For the years ended December 31, 1996, 1995 and 1994, GP-III's net income was $52,617, $54,119 and $56,858, respectively. The net income fluctuated each year primarily as a result of gains from the sales of Properties, reduced levels of depreciation expense, reduced rental income as a result of the sale of Properties, and increases and decreases in percentage rents received from the franchisees operating each of the Properties. During 1996, BK-I sold a Property, realizing a total gain of $338,595. BK-III also sold a Property during 1996, realizing a gain on the sale of $383,193. During 1995, BK-I sold three Properties, realizing a total gain of $1,253,015. BK-III did not sell any Properties during 1995. During 1994, BK-I sold 10 Properties, realizing a total gain of $2,040,687. BK-III did not sell any Properties during 1994.
Same-store sales for BK-I's remaining Properties during 1996 were $11,654,459 compared to $11,138,721 for 1995, representing an increase of approximately 4.5%. Same-store sales at BK-III's Properties during 1996 were $24,212,417 compared to $23,384,120 for 1995, representing an increase of approximately 3.5%. The increase in same-store sales for both Partnerships' Properties is primarily attributable to BKC's aggressive marketing efforts. Rental income received by the Partnerships from the franchisees at the Properties is equal to the greater of a minimum annual base rent or 8.5% of the Properties' annual food and beverage sales. Therefore, increases in sales at the Properties will often result in an increase in the Partnerships' rental income.
Item 8.

Item 8. Financial Statements and Supplementary Data.
Incorporated by reference to the 1996 Annual Report to COPs Holders, included as an exhibit under Item 14.
Item 9.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
PART III
Item 10.

Item 10. Directors and Executive Officers of the Registrant.
On July 31, 1993, Shearson sold certain of its domestic retail brokerage and asset management businesses to Smith Barney, Harris Upham & Co. Incorporated ("Smith Barney"). Subsequent to this sale, Shearson changed its name to Lehman Brothers Inc. The transaction did not affect the ownership of the Partnerships or the General Partners. However, the assets acquired by Smith Barney included the name "Shearson." Consequently, effective January 24, 1994, Shearson/BK Realty, Inc. and Shearson/BK Restaurants, Inc. changed their names to delete any reference to "Shearson."
COPs has no officers or directors. The General Partners of the Partnerships manage and control the affairs of the Partnerships and have general responsibility and authority in all matters affecting its business. Certain officers and the director of the General Partners are now serving (or in the past have served) as officers or directors of entities which act as general partners of a number of real estate limited partnerships which have sought protection under the provisions of the Federal Bankruptcy Code. The partnerships which have filed bankruptcy petitions own real estate which has been adversely affected by the economic conditions in the market in which that real estate is located and, consequently, the partnerships sought the protection of the bankruptcy laws to protect the partnerships' assets from loss through foreclosure.
The director and executive officers of the General Partners as of December 31, 1996, are set forth below. There are no family relationships between or among any officer and any other officer or director.
Name Age Office Rocco F. Andriola 38 Director, President and Chief Financial Officer Kenneth F. Boyle 33 Vice President Timothy E. Needham 28 Vice President
The foregoing director has been elected to serve as director until the next annual meeting of the General Partners.
Rocco F. Andriola is a Managing Director of Lehman Brothers in its Diversified Asset Group and has held such position since October 1996. Since joining Lehman Brothers in 1986, Mr. Andriola has been involved in a wide range of restructuring and asset management activities involving real estate and other direct investment transactions. From June 1991 through September 1996, Mr. Andriola held the position of Senior Vice President in Lehman's Diversified Asset Group. From June 1989 through May 1991, Mr. Andriola held the position of First Vice President in Lehman's Capital Preservation and Restructuring Group. From 1986-89, Mr. Andriola served as a Vice President in the Corporate Transactions Group of Shearson Lehman Brothers' office of the general counsel. Prior to joining Lehman Brothers, Mr. Andriola practiced corporate and securities law at Donovan Leisure Newton & Irvine in New York. Mr. Andriola received a B.A. from Fordham University, a J.D. from New York University School of Law, and an LL.M in Corporate Law from New York University's Graduate School of Law.
Kenneth F. Boyle is a Vice President of Lehman Brothers in its Diversified Asset Group. Mr. Boyle joined Lehman in January 1991. Mr. Boyle is a Certified Public Accountant and was employed by the accounting firm of KPMG Peat Marwick LLP from 1985 to 1990. Mr. Boyle graduated from the State University of New York at Binghamton with a B.S. degree in Accounting.
Timothy E. Needham is an Associate of Lehman Brothers and assists in the management of commercial real estate in the Diversified Asset Group. Mr. Needham joined Lehman in September 1995. Prior to joining Lehman, Mr. Needham was a consultant with KPMG Peat Marwick LLP in the Banking and Investment Services Group from 1994- 1995. Mr. Needham received his master's degree in international management from the American Graduate School of International Management in December 1993. Previous to entering graduate school, Mr. Needham worked in Tokyo during 1991, for approximately one year, doing market research for a Japanese firm. In addition, Mr. Needham is currently a candidate for the designation of Chartered Financial Analyst, Level III.
Item 11.

Item 11. Executive Compensation.
Officers and the director of the General Partners are employees of Lehman and are not compensated by the Partnerships or the General Partners for services rendered in connection with the Partnerships.
Item 12.

Item 12. Security Ownership of Certain Beneficial Owners and Management.
(a) Security ownership of certain beneficial owners The Registrant knows of no person who beneficially owns more than 5% of the Units.
(b) Security ownership of management GP-I and GP-III, under the terms of the Partnership Agreements of BK-I and BK-III, respectively, manage the affairs of BK-I and BK-III, respectively. GP-I and GP-III retained a share of the cash distribution and the allocable profit or loss of BK-I and BK-III in accordance with COPs' prospectus. Neither the director nor the officers of the General Partners own any Units.
(c) Changes in control None.
Item 13.

Item 13. Certain Relationships and Related Transactions.
(a) Transactions with Management and Others There have been no material transactions since the beginning of the registrants' last fiscal year between the Partnerships, their management and others, as defined in Regulation S-K 229.404.
(b) Certain Business Relationships There have been no business transactions between the director and officers of the General Partners and the Partnerships.
(c) Indebtedness of Management No management person is indebted in any amount to the Partnerships.
(d) Transactions with Promoters There have been no transactions with promoters.
PART IV
Item 14.

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a)(1) Financial Statements and Supplementary Data:
GP-I:
Independent Auditors' Report Financial Statements: Balance Sheets at December 31, 1996 and 1995 Statements of Operations for the years ended December 31, 1996, 1995 and 1994 Statements of Changes in Stockholder's Deficit for the years ended December 31, 1996, 1995 and 1994 Statements of Cash Flows for the years ended December 31, 1996, 1995 and 1994 Notes to the Financial Statements
GP-III:
Independent Auditors' Report Financial Statements: Balance Sheets at December 31, 1996 and 1995 Statements of Operations for the years ended December 31, 1996, 1995 and 1994 Statements of Changes in Stockholder's Deficit for the years ended December 31, 1996, 1995 and 1994 Statements of Cash Flows for the years ended December 31, 1996, 1995 and 1994 Notes to the Financial Statements
The financial statements for GP-I and GP-III are incorporated by reference to COPs' Annual Report to COPs Holders for the year ended December 31, 1996.
(2) Financial Statement Schedules:
No other schedules are presented because the information is not applicable or is included in the financial statements or notes thereto.
(3) Exhibits:
99.1 BK-I:
Independent Auditors' Report Financial Statements: Balance Sheets at December 31, 1996 and 1995 Statements of Operations for the years ended December 31, 1996, 1995 and 1994 Statements of Partners' Capital (Deficit) for the years ended December 31, 1996, 1995 and 1994 Statements of Cash Flows for the years ended December 31, 1996, 1995 and 1994 Notes to the Financial Statements
99.2 BK-III:
Independent Auditors' Report Financial Statements: Balance Sheets at December 31, 1996 and 1995 Statements of Operations for the years ended December 31, 1996, 1995 and 1994 Statements of Partners' Capital (Deficit) for the years ended December 31, 1996, 1995 and 1994 Statements of Cash Flows for the years ended December 31, 1996, 1995 and 1994 Notes to the Financial Statements
13.1 Annual Report to COPs Holders for the year ended December 31, 1996.
13.2 Annual Report to COPs Holders for the years ended December 31, 1995, 1994 and 1993, incorporated by reference to exhibit 13 to COPs' Form 10-K for those respective years.
27.1 Financial Data Schedule for BK I Realty Inc.
27.2 Financial Data Schedule for BK III Restaurants Inc.
(b) Reports on Form 8-K:
(1) There have been no reports filed on Form 8-K during the last quarter of the period covered by this report.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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: April 15, 1997
CERTIFICATES OF PARTICIPATION BK I REALTY INC. BK III RESTAURANTS INC.
BY: BK I Realty Inc. BK III Restaurants Inc. Registrant
BY: /s/ Rocco F. Andriola Name: Rocco F. Andriola Title: Director, President and Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated.
BK I REALTY INC. BK III RESTAURANTS INC. Registrant
Date: April 15, 1997 BY: /s/ Rocco F. Andriola Rocco F. Andriola Director, President and Chief Financial Officer
Date: April 15, 1997 BY: /s/ Kenneth F. Boyle Kenneth F. Boyle Vice President
Date: April 15, 1997 BY: /s/ Timothy E. Needham Timothy E. Needham Vice President