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 (Date of earliest event reported): ~~February~~March 1326, ~~2011~~2012

Berthel Growth & Income Trust I

(Exact name of registrant as specified in its charter)

Iowa	33-89506	52-1915821
(State of Incorporation)	(Commission File Number)	(IRS No.)

701 Tama Street, Marion, Iowa 52302

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (319) 447-5700

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:

£ _ 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 8.01 Other Events.

Berthel ~~SBIC,~~Growth ~~LLC~~& ~~(Commission~~Income ~~File~~Trust ~~number~~I ~~811-08451)~~ (~~“Berthel SBIC”) is a wholly-owned subsidiary of~~ the ~~registrant. The registrant previously reported that on January 7, 2009, the United States District Court for the Northern District of Iowa (the~~ “~~Court~~Trust”), ~~entered~~on aits ~~Consent~~own ~~Order~~behalf and ~~Judgment~~own ~~(the~~behalf ~~“Receivership~~of ~~Order”)~~its bywholly-owned ~~which~~subsidiary ~~the~~Berthel ~~Court~~SBIC, ~~appointed~~LLC ~~the~~(Commission ~~United~~File ~~States~~number ~~Small Business Administration (the “SBA”~~811-08451) ~~as the receiver~~ (~~the~~ “~~Receiver~~Berthel SBIC”) ~~for~~, ~~Berthel~~reports ~~SBIC.~~as follows:

On1. As ~~February~~previously ~~13,~~reported ~~2012,~~in ~~the~~a ~~Court~~Form ~~entered~~8-K anfiled ~~order~~on ~~(the~~June ~~“Final~~22, ~~Order”)~~2009, athe ~~copy~~Trust ofdissolved ~~which~~on isJune ~~furnished~~22, as2009, ~~Exhibit 99.1~~in ~~hereto.~~accordance Inwith the ~~Final~~terms ~~Order,~~of its ~~the~~declaration ~~Court~~of ~~(i)~~trust ~~approves the Third~~ and ~~Final~~applicable ~~Receiver’s~~Delaware ~~Report~~statutes. ~~for~~Following the ~~Period~~effective ~~January~~date ~~1, 2011,~~of ~~through December 19, 2011 (~~the ~~“Final Receiver~~Trust’s ~~Report”)~~dissolution, ~~(ii)~~the Trust ~~approves~~Advisor ~~every~~has ~~act,~~acted ~~tranaction, receipt~~as ~~and~~Liquidating ~~disbursement~~Trust ~~reported~~Advisor in accordance with the ~~Final~~terms ~~Receiver’s~~of ~~Report~~the Trust, ~~(iii)~~for ~~orders~~ the ~~termination~~purpose of ~~the~~prosecuting and ~~Berthel~~defending ~~SBIC~~suits, ~~receivership~~whether civil, ~~(iv)~~ ~~discharges~~criminal ~~all~~or ~~claims~~administrative, by or against it, and ~~obligations~~enabling of the ~~receivership~~Trust ~~estate,~~gradually ~~the~~to ~~Receiver~~settle and close ~~Berthel~~its ~~SBIC~~business, ~~(v)~~to ~~lifts~~dispose ~~the~~of ~~stay~~ and ~~injunction~~convey ~~imposed~~its byproperty, ~~paragraph~~to 7discharge ofits ~~the Receivership Order~~liabilities, ~~(vi)~~and ~~discharges~~to ~~the~~distribute ~~SBA~~any asremaining ~~Receiver,~~assets to ~~(vii)~~the ~~discharges~~holders ~~and~~of ~~releases the~~beneficial ~~SBA,~~interests ~~its~~in ~~employees,~~the ~~officers~~Trust, ~~agents,~~but ~~contractors,~~not ~~attorneys~~for ~~and~~the ~~any~~purpose ~~other~~of ~~person~~continuing ~~who~~the ~~acted~~business onfor ~~behalf~~which of the ~~Receiver~~Trust ~~against~~was ~~any~~organized. ~~and~~On ~~all~~March ~~claims~~26, ~~obligations~~2012, ~~and~~with ~~liabilities~~the ~~arising~~Trust ~~from~~having ~~the~~no ~~activities~~remaining assets, ~~management~~the orLiquidating ~~operation~~Trust ofAdvisor ~~Berthel~~completed ~~SBIC,~~ the ~~receivership~~winding up ~~and/or~~of the ~~receivership estate~~Trust, ~~and~~cancelled ~~(viii)~~all ~~unconditionally~~outstanding ~~transfers~~shares ~~control~~ of ~~Berthel~~beneficial ~~SBIC~~interests toin the ~~registrant.~~Trust, Aand ~~copy~~filed a certificate of ~~the~~cancellation with ~~Final~~the ~~Receiver’s~~office ~~Report~~of isthe ~~furnished~~Delaware asSecretary ~~Exhibit~~of 99State.~~2 hereto.~~

~~Item~~2. As 9previously reported in a Form 8-K filed on January 8, 2009, the United States District Court for the Northern District of Iowa (the “Court”) entered on January 7, 2009, a Consent Order and Judgment (the “Receivership Order”) by which the Court appointed the United States Small Business Administration (the “SBA”) as the receiver (the “Receiver”) for Berthel SBIC.01 ~~Financial~~On ~~Statements~~February 13, 2012, the Court entered an order which terminated the Berthel SBIC receivership, as previously reported in a Form 8-K filed on February 17, 2012, which report is by this reference incorporated herein. On March 23, 2012 (the “SBIC Dissolution Date”), the Trust, as the sole member of Berthel SBIC approved the dissolution of Berthel SBIC and ~~Exhibits~~appointed BFC Planning, Inc., as the Liquidation Committee pursuant to Berthel SBIC’s operating agreement. On March 26, 2012, BFC Planning, Inc., completed the dissolution, winding up and liquidation of Berthel SBIC, cancelled all outstanding membership interests in Berthel SBIC, and filed a certificate of cancellation with the office of the Delaware Secretary of State.

(d) Exhibits. The following exhibits are furnished herewith:

Exhibit 99.1 Order of the U.S. District Court for the Northern District of Iowa, Cedar Rapids Division Filed February 13, 2012

Exhibit 99.2 Third and Final Receiver’s Report for the Period January 1, 2011, through December 19, 2011

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.

Date: March 26, 2012

Berthel Growth & Income Trust I

(Registrant)

~~February~~By: BFC Planning, 17Inc., ~~2012~~an Iowa corporation

~~(Date)~~Its: Trust Advisor

By: /s/ ~~Ronald~~ ODaniel P. ~~Brendengen~~Wegmann

~~Ronald~~Daniel OP. ~~Brendengen~~Wegmann, ~~Chief Financial Officer of Berthel~~CFO

Fisher & Company Planning, Inc., Trust Advisor

Filing Compare · BERTHEL GROWTH & INCOME TRUST I