UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

~~__________~~ _________________________________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR0R 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~SECURITIES~~Date of Report ~~EXCHANGE~~(date ~~ACT~~of OFearliest ~~1934~~event reported): December 22, 2006

~~Date~~Commission File ofNumber: ~~Report (Date of earliest event reported)~~ 0-28376

~~December~~Professional Lease ~~22,~~Management ~~2004~~Income ~~(December~~Fund ~~22,~~I ~~2004)~~ Liquidating Trust

Commission File Number 0-28376

PROFESSIONAL LEASE MANAGEMENT INCOME FUND I, L.L.C.

(Exact name of registrant as specified in its charter)

California 94-3209289 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 200 Nyala Farms Road Westport CT 06880 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (203) 341-0555

	Delaware		94-3209289
	(State or other jurisdiction of Incorporation)		(I.R.S. Employer Identification No.)

~~Item~~405 Lexington ~~4.01 Changes~~Avenue, ~~in Registrant's Certifying Accountant.~~ 67th Floor

~~On December 22~~New York, ~~2004,~~NY the Manager of Professional Lease Management Income Fund I, L.C.C. (the “Fund”) approved the engagement of Grant Thornton LLP (“Grant Thornton”) as the Fund’s principal independent auditors effective immediately. As previously disclosed, the Fund’s previous auditors, Ernst & Young, LLP, declined to stand for re-election.10174

~~During~~(Address of ~~the~~Principal ~~Fund’s~~Executive ~~fiscal years ended December 31, 2002 and 2003 and through the subsequent interim periods preceding their engagement, the Fund did not consult with Grant Thornton on any matters described in Item 304(a~~Offices)~~(2)(i)~~ ~~or Item 304~~(~~a)(2)(ii)~~Zip ~~of Regulation S-K.~~Code)

Registrant’s telephone number, including area code: (212) 682-3344

Item 8.01 Other Events

On December 22, 2006, PLM Financial Services Inc., the Trustee of Professional Lease Management Income Fund I Liquidating Trust (the “Liquidating Trust”), declared a cash distribution of $4.35 per unit of beneficial interest in the Liquidating Trust, payable on December 27, 2006 to beneficial interest holders of record of the Liquidating Trust as of December 22, 2006. The total amount to be distributed will be $28.8 million of which $7.2 million will be distributed to the Trustee, reflecting its beneficial interest in the Liquidating Trust, and $21.6 million will be distributed to other holders of beneficial interest in the Liquidating Trust.

The cash for this distribution came from operations and from the sale of equipment.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, ~~as amended,~~ the ~~registrant~~ Registrant has duly caused this report to be signed on its behalf by the undersigned ~~thereunto~~ hereunto duly authorized.

~~Date:~~Professional Lease ~~December~~Management ~~22,~~Income ~~2004 PROFESSIONALLEASE MANAGEMENT INCOME FUND~~ Fund I, ~~L.C.C.~~ Liquidating Trust

By: PLM Financial Services, Inc., its Trustee

~~Manager~~By: s/s Richard K Brock

By:/s/ Richard K Brock

Richard K Brock

Chief Financial Officer

Date: December 22, 2006

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