December 16, 2004

Andrew Mew
Staff Accountant
Division of Corporate Finance
United States Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-0409


Re:		Yager/Kuester Public Fund Limited Partnership (the “Company”)
		Form 8-K filed November 30, 2004

Dear Mr. Mew:

In response to your December 7, 2004 letter, the Company has filed a Form 8-K/A (amendment) to the above-referenced Form 8-K. A copy of that filing is enclosed herein.

Furthermore, as requested in your December 7, 2004 letter, the Company states and acknowledges the following:

1.		The Company is responsible for the adequacy and accuracy of the disclosure in the filings;

2.		Staff comments or changes to disclosure in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing; and

3.		The Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

Sincerely,

/s/ Thomas K. Emery

Thomas K. Emery
Principal Financial Officer of Registrant

YAGER KUESTER PUBLIC FUND 1986 LIMITED PARTNERSHIP 8-K/A