UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ~~FORM 8-K~~

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: February 3, 2005
(Date of earliest event reported)

Inland's Monthly Income Fund, L.P.

(Exact name of registrant as specified in the charter)

Delaware	0-16790	36-3525989
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

2901 Butterfield Road Oak Brook, Illinois 60523 (Address of Principal Executive Offices) ~~(630) 218-8000 (Registrant's telephone number including area code) Not Applicable Former name or former address, if changed since last report)~~

~~Item~~(630) ~~2. Acquisition~~218-8000 (Registrant's ortelephone ~~Disposition~~number ofincluding ~~Assets~~ area code)

OnNot November 17, 2000, the Partnership sold one of its assets, the Rantoul Walmart, located at Route 136 and Lon Drive, Rantoul, Illinois to Walmart Stores, Inc. an unaffiliated third party, for $2,750,000, on an all cash basis. The property had aApplicable ~~basis~~Former ofname ~~approximately~~or ~~$1,829,000,~~former ~~resulting in a gain of approximately $921~~address,~~000,~~ ~~net~~if ofchanged ~~closing~~since ~~costs. Proceeds~~last totaling $985,000 were used to pay off the mortgage payable to a third party. Net sales proceeds of approximately $1,705,000 will be distributed to the Limited Partners in December 2000. Item 7. Financial Statements and Exhibits report)

~~Financial~~Check ~~Statements~~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. ~~Not~~2. ~~Applicable~~below):

~~Pro~~[ ~~Forma~~] ~~Financial~~Written ~~Information~~communications -pursuant ~~Narrative~~to Rule 425 under the Securities Act (17 CFR 230.425)

As[ a] ~~result~~Soliciting ofmaterial ~~the~~pursuant ~~sale of the property, prospectively there will be no property operations included in the financial statements of the Partnership relating~~ to ~~this~~Rule ~~property. The~~14a-12 ~~following~~under ~~sets forth~~ the ~~amounts~~Exchange ofAct ~~selected~~(17 ~~accounts~~CFR ~~in the financial statements of the Partnership relating to this property~~240.14a-12)

	For the year ended December 31,1999
Rental Income	$234,948
Operating Expenses	2,619
Interest Expense	53,582
Depreciation	72,696
Net Income	106,051

[ ] 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 9.01 Financial Statements and Exhibits.

Exhibit	Description

16.1	Letter of Deloitte & Touche LLP regarding change in certifying accountant.

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.

~~Pursuant~~Inland's toMonthly ~~the~~Income ~~requirements of the Securities Exchange Act of 1934~~Fund, ~~the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~L.P. (Registrant)

		Inland Monthly Income Fund, L.P.
By:	/s/ Kelly Tucek
		(Registrant)
	Kelly Tucek
By:	/s/ Kelly Tucek
	Vice President of the General Partner and principal financial officer of Inland's Monthly Income Fund, L.P.
	Kelly Tucek
Date:	February 3, 2005
	Principal Financial Officer, and Principal Accounting Officer
Date:	November 28, 2000

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