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): October 3, 2001

RWB MEDICAL INCOME
PROPERTIES 1 LIMITED
PARTNERSHIP

(Exact name of Registrant as Specified in its Charter)

Louisiana	2-92396	72-1007233
(State or other Jurisdiction of	(Commission File Number)	(IRS Employer
Incorporation or Organization)		Identification No.)

400 Northridge Road
Atlanta, GA

30350

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (770) 668-1080

Not Applicable

(Former name or former address, if changed since last report)

ITEM 5. OTHER EVENTS

On October 3, 2001 RWB Medical Income Properties 1 Limited Partnership (the "Partnership") distributed to its partners of record on that date the amount of $65.77 per Unit out of the Partnership’s assets. This distribution was made in connection with the Partnership’s planned liquidation as described in its Current Reports on Form 8-K filed February 18, 1997, and represented the final cash distribution to its partners. The Partnership retained an aggregate of $35,975 ($1.57 per unit) to cover expenses associated with completing the termination of the Partnership. On October 9, 2001, the Louisiana Secretary of State issued a Certificate of Termination of Partnership.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

RWB MEDICAL INCOME
PROPERTIES 1 LIMITED
PARTNERSHIP

By: RWB Management Corp.,
Managing General Partner

By: /s/ John H. Stoddard
John H. Stoddard, President

Date: October 11 , 2001

RWB MEDICAL INCOME PROPERTIES 1 LTD PARTNERSHIP 8-K