SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


[X]		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002


[ ]		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO

Commission file number 0-18982

IEA INCOME FUND X, L.P.

(Exact name of registrant as specified in its charter)


California		94-3098648




(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

One Front Street, 15th Floor, San Francisco, California 94111
(Address of principal executive offices) (Zip Code)

(415) 677-8990
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X]. No[ ].

TABLE OF CONTENTS


PART I — FINANCIAL INFORMATION
	Item 1. Financial Statements
		Balance Sheets
		Statements of Operations
		Statements of Cash Flows
Notes to Unaudited Financial Statements
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
	Item 3. Quantitative and Qualitative Disclosures About Market Risk
	Item 4. Controls and Procedures
PART II — OTHER INFORMATION
	Item 6. Exhibits and Reports on Form 8-K
SIGNATURES
EXHIBIT INDEX
Exhibit 99.1
Exhibit 99.2

IEA INCOME FUND X, L.P.

Report on Form 10-Q for the Quarterly Period
Ended September 30, 2002

TABLE OF CONTENTS


			PAGE
PART I — FINANCIAL INFORMATION




	Item 1.	Financial Statements




		Balance Sheets – September 30, 2002 (unaudited) and December 31, 2001	4




		Statements of Operations for the three and nine months ended September 30, 2002 and 2001 (unaudited)	5




		Statements of Cash Flows for the nine months ended September 30, 2002 and 2001 (unaudited)	6




		Notes to Financial Statements (unaudited)	7




	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12




	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15




	Item 4.	Controls and Procedures	16




PART II. — FINANCIAL INFORMATION




	Item 6.	Exhibits and Reports on Form 8-K	17

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

Presented herein are the Registrant’s balance sheets as of September 30, 2002 and December 31, 2001, statements of operations for the three and nine months ended September 30, 2002 and 2001, and statements of cash flows for the nine months ended September 30, 2002 and 2001.

IEA INCOME FUND X, L.P.

Balance Sheets

(Unaudited)


					September 30,			December 31,
					2002			2001

				Assets




Current assets:




	Cash and cash equivalents, includes $433,834 at September 30, 2002 and $599,980 at December 31, 2001 in interest-bearing accounts				$	472,139		$	614,980




	Net lease receivables due from Leasing Company (notes 1 and 2)					12,111			66,298

			Total current assets			484,250			681,278

Container rental equipment, at cost						7,146,934			9,460,689




	Less accumulated depreciation					5,020,907			6,226,228

		Net container rental equipment				2,126,027			3,234,461

			Total assets		$	2,610,277		$	3,915,739

				Partners’ Capital




Partners’ capital (deficit):




	General partner				$	(128,000	)	$	(100,501	)




	Limited partners					2,738,277			4,016,240

			Total partners’ capital		$	2,610,277		$	3,915,739

The accompanying notes are an integral part of these financial statements.

IEA INCOME FUND X, L.P.

Statements of Operations

(Unaudited)


			Three Months Ended						Nine Months Ended

			September 30,			September 30,			September 30,			September 30,
			2002			2001			2002			2001

Net lease revenue (notes 1 and 3)			$	81,228		$	158,151		$	289,004		$	586,164




Other operating expenses:




	Depreciation			117,882			169,305			392,577			518,164




	Other general and administrative expenses			14,280			15,989			45,089			51,740




	Net loss on disposal of equipment			43,508			73,570			206,638			252,657

		Loss from operations		(94,442	)		(100,713	)		(355,300	)		(236,397	)




Other income:




	Interest income			1,426			5,044			4,981			20,247

		Net loss	$	(93,016	)	$	(95,669	)	$	(350,319	)	$	(216,150	)

Allocation of net (loss) income:




	General partner		$	(930	)	$	6,264		$	(3,503	)	$	23,632




	Limited partners			(92,086	)		(101,933	)		(346,816	)		(239,782	)

			$	(93,016	)	$	(95,669	)	$	(350,319	)	$	(216,150	)

Limited partners’ per unit share of net loss			$	(2.35	)	$	(2.60	)	$	(8.85	)	$	(6.12	)

The accompanying notes are an integral part of these financial statements.

IEA INCOME FUND X, L.P.

Statements of Cash Flows

(Unaudited)


		Nine Months Ended

		September 30,			September 30,
		2002			2001

Net cash provided by operating activities		$	280,859		$	626,184




Cash flows provided by investing activities:




	Proceeds from sale of container rental equipment		531,443			663,762




Cash flows used in financing activities:




	Distribution to partners		(955,143	)		(1,454,210	)

Net decrease in cash and cash equivalents			(142,841	)		(164,264	)




Cash and cash equivalents at January 1			614,980			777,520

Cash and cash equivalents at September 30		$	472,139		$	613,256

The accompanying notes are an integral part of these financial statements.

IEA INCOME FUND X, L.P.

IEA INCOME FUND X LP 10-Q