UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549
                                      --------

                                    FORM 10-Q

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

For the quarter ended June 30, 2000          Commission File Number 0-15755
                      -------------                                 -------

                           FJS PROPERTIES FUND I, L.P.
                           ---------------------------
             (Exact name of registrant as specified in its charter)

            Delaware                                      13-3252067
            --------                                      ----------
 (State or other jurisdiction of                       (I.R.S. Employer
                                                       -
 incorporation or organization)                       Identification No.)
                                                      -------------------

       264 Route 537 East
         Colts Neck, NJ                                      07722
         --------------                                      -----
(Address of principal executive offices)                  (Zip code)

Registrant's telephone number, including area code:       (732) 542-9209
                                                          --------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 of 15(d) of the  Securities  and  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
                               -------       --------

Authorized 100,000 limited partnership  interests of which 16,788 have been sold
as of August 5, 2000.



<PAGE>



FJS PROPERTIES FUND I, L.P.
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INDEX
------------------------------------------------------------------------------


Part I: FINANCIAL INFORMATION

Item 1:  Financial Statements

         Balance sheets as of June 30, 2000 [Unaudited]
         and December 31, 1999....................................     1

         Statement of Operations for the three and six months ended
         June 30, 2000 and 1999 [Unaudited].......................     2

         Statement of Partners' Capital for the six months
         ended June 30, 2000 [Unaudited]..........................     3

         Statements of Cash Flows for the six months ended
         June 30, 2000 and 1999 [Unaudited].......................     4

         Notes to Financial Statements [Unaudited]................     5

Item 2:  Management's Discussion and Analysis of Financial Condition
         and Results of Operations................................     6

Part III: OTHER INFORMATION

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

Signature.........................................................     9







<PAGE>



PART I - FINANCIAL INFORMATION
Item 1.  FINANCIAL STATEMENTS
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FJS PROPERTIES FUND I, L.P.
------------------------------------------------------------------------------


BALANCE SHEETS
------------------------------------------------------------------------------

                                                        June 30,    December 31,
                                                        --------    ------------
                                                         2 0 0 0       1 9 9 9
                                                         -------       -------
                                                       [Unaudited]
Assets:
Current Assets:
  Cash and Cash Equivalents                            $   297,652   $  217,906
  Cash - Escrow                                            116,976      119,379
  Cash - Security Deposits                                 139,162      132,748
  Other Current Assets                                      57,064       22,268
                                                       -----------   ----------

Total Current Assets                                       610,854      492,301
                                                       -----------   ----------

Property Investment:
  Land                                                   2,296,804    2,296,804
  Buildings                                              6,569,125    6,569,125
  Furniture, Fixtures and Improvements                   2,604,511    2,376,165
                                                       -----------   ----------

Totals - At Cost                                        11,470,440   11,242,094

Less: Accumulated Depreciation                          (5,244,471)  (5,073,750)
                                                       ------------  -----------

Property Investment - Net                                6,225,969    6,168,344
                                                       -----------   ----------

Other Assets                                               166,860      250,216
                                                       -----------   ----------

Total Assets                                           $ 7,003,683   $6,910,861
                                                       ===========   ==========

Liabilities and Partners' Capital (Deficit):
Current Liabilities:
  Accounts Payable                                     $    74,785   $  108,403
  Accrued Interest                                          37,401       37,740
  Other Accrued Expenses                                    94,918        6,755
  Due to Related Party                                       4,554       16,689
  Tenant Security Deposits Payable                         139,162      132,748
  Mortgage Payable - Current Portion                        90,150       85,557
  Deferred Income - Current Portion                          7,143        7,143
                                                       -----------   ----------

Total Current Liabilities                                  448,113      395,035
                                                       -----------   ----------

Long-Term Liabilities:
  Mortgage Payable - Non-Current Portion                 4,513,384    4,559,381
  Deferred Income - Non-Current Portion                     14,286       17,857
                                                       -----------   ----------

Total Long-Term Liabilities                              4,527,670    4,577,238
                                                       -----------   ----------

Partners' Capital (deficit):
  General Partner                                       (1,215,580)  (1,216,473)
  Limited Partners                                       3,243,480    3,155,061
                                                       -----------   ----------

Total Partners' Capital (deficit)                        2,027,900    1,938,588
                                                       -----------   ----------

Total Liabilities and Partners' Capital (deficit)      $ 7,003,683   $6,910,861
                                                       ===========   ==========

See Accompanying Notes to These Financial Statements.



                                        1

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FJS PROPERTIES FUND I, L.P.
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STATEMENTS OF OPERATIONS
[UNAUDITED]
------------------------------------------------------------------------------


                                  Three months ended         Six months ended
                                       June 30,                  June 30,
                                       --------                  --------
                                  2 0 0 0     1 9 9 9      2 0 0 0      1 9 9 9
                                  -------     -------      -------      -------

Revenue:
  Rental                         $ 617,048   $ 561,425   $1,198,168  $1,105,308
  Interest                           2,000       4,371        4,449       9,171
                                 ---------   ---------   ----------  ----------

  Total Revenue                    619,048     565,796    1,202,617   1,114,479
                                 ---------   ---------   ----------  ----------

Expenses:
  Operating                        172,005     199,714      320,897     397,103
  General and administrative       198,161     162,446      383,885     320,418
  Interest                         112,546     114,192      225,598     228,850
  Depreciation and amortization     92,923      76,927      182,925     152,267
                                 ---------   ---------   ----------  ----------

  Total Expenses                   575,635     553,279    1,113,305   1,098,638
                                 ---------   ---------   ----------  ----------

Net Income                          43,413      12,517       89,312      15,841
                                 =========   =========   ==========  ==========

  Income Per Limited Partnership
   Unit                          $    2.56   $     .74   $     5.27  $      .94
                                 =========   =========   ==========  ==========

  Distributions Per Limited
   Partnership Unit.             $       0   $    2.20   $        0  $     4.48

  Weighted Average Number of Limited
   Partnership Units Outstanding    16,788      16,788       16,788      16,788

See Accompanying Notes to These Financial Statements.




                                        2

<PAGE>



FJS PROPERTIES FUND I, L.P.
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STATEMENT OF PARTNERS' CAPITAL
[UNAUDITED]
------------------------------------------------------------------------------


                                                                           Total
                                             General     Limited      Partners'
                                             Partner    Partners       Capital

Partners' Capital - December 31, 1999     $(1,216,473) $ 3,155,061   $1,938,588

  Net Income for the six months
      ended June 30, 2000                        893        88,419       89,312
                                          ----------   -----------   ----------

  Partners' Capital - June 30, 2000
      [Unaudited]                         $(1,215,580) $ 3,243,480   $2,027,900
                                          ============ ===========   ==========



See Accompanying Notes to These Financial Statements.




                                        3

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FJS PROPERTIES FUND I, L.P.
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STATEMENTS OF CASH FLOWS
[UNAUDITED]
------------------------------------------------------------------------------


                                                           Six months ended
                                                               June 30,
                                                               --------
                                                          2 0 0 0      1 9 9 9
                                                          -------      -------

Operating activities:
  Net income                                           $    89,312   $   15,841
  Adjustments to reconcile net income to
     net cash provided by operating activities:
   Depreciation                                            170,721      140,063
   Amortization                                             12,204       12,204
   Deferred Income                                          (3,571)      (3,571)

  Changes in Assets and Liabilities:
     Decrease (Increase) in escrow                           2,403      (11,394)
     (Increase) in security deposits                        (6,414)      (3,196)
     (Increase) in other current assets                    (34,796)     (25,956)
     Decrease (increase) in other assets                    71,152       (1,542)
     Increase in accounts payable
          and accrued expenses                              54,206       86,583
     (Decrease) in due to related party                    (12,135)     (15,189)
     Increase in tenant security deposits                    6,414        3,196
                                                       -----------   ----------

  Net Cash Provided by Operating Activities                349,496      197,039
                                                       -----------   ----------

Investing Activities:
  Capital Expenditures                                    (228,346)    (104,045)
                                                       ------------  -----------

   Net Cash (used in) Investing Activities                (228,346)    (104,045)
                                                       ------------  -----------

Financing Activities:
  Principal Payments on Mortgages                          (41,404)     (38,183)
  Cash Distributions to Partners                                 0      (75,970)
                                                       -----------   -----------

   Net cash (used in) Financing Activities                 (41,404)    (114,153)
                                                       ------------  -----------

  Net increase [decrease] in cash and cash equivalents      79,746      (21,159)

Cash and Cash Equivalents - Beginning of Period            217,906      458,782
                                                       -----------   ----------

  Cash and Cash Equivalents - End of Period            $   297,652   $  437,623
                                                       ===========   ==========

Supplemental disclosure of cash flow information:
  Interest paid                                        $   225,937   $  229,157
                                                       ===========   ==========

  For purposes of the statement of cash flows, the Company  considers all highly
liquid debt instruments  purchased with a maturity of three months or less to be
cash equivalents.

See Accompanying Notes to These Financial Statements.




                                        4

<PAGE>



FJS PROPERTIES FUND I, L.P.
NOTES TO FINANCIAL STATEMENTS
[UNAUDITED]
------------------------------------------------------------------------------




[A] Significant Accounting Policies

Significant  accounting policies of FJS Properties Fund I, L.P. are set forth in
the Partnership's  Form 10-K for the year ended December 31, 1999, as filed with
the Securities and Exchange Commission.

[B] Basis of Reporting

The balance sheet as of June 30, 2000,  the  statements  of  operations  for the
three and six months  ended June 30, 2000 and 1999,  the  statement of partners'
capital for the six months ended June 30, 2000, and the statements of cash flows
for the six  months  ended  June 30,  2000 and 1999  have been  prepared  by the
Partnership without audit. The accompanying  unaudited financial statements have
been prepared in accordance with generally  accepted  accounting  principles for
interim  financial  information and with the  instructions to Form 10-Q and Rule
10-01 of Regulation S-X. Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting  principles for complete
financial  statements.  In the opinion of the managing partner,  such statements
include all adjustments  [consisting  only of normal  recurring items] which are
considered  necessary for a fair  presentation of the financial  position of the
Partnership  at June 30, 2000,  and the results of its operations and cash flows
for the three months then ended. It is suggested that these financial statements
be read in  conjunction  with Form S-11 filed with the  Securities  and Exchange
Commission  on  April  25,  1985 and with the  financial  statements  and  notes
contained in the Partnership's Form 10-K for the year ended December 31, 1999.




                                        5

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FJS PROPERTIES FUND I, L.P.
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Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF  OPERATIONS
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LIQUIDITY AND CAPITAL RESOURCES

As of the present date,  the  Partnership  owns and operates one  Property,  the
Pavilion Apartments, and does not intend to acquire any other property.

Cash flow from Pavilion  should be sufficient to permit the  Partnership to make
the constant monthly payments due prior to maturity on the first mortgage and to
meet its monthly  operating  expenses.  However,  should there be a  significant
decrease in Pavilion's occupancy or rental rates, there can be no assurance that
the Partnership would be able to obtain sufficient funds to make such payments.

The holder of the first  mortgage on the Pavilion  Apartments  has agreed to the
withdrawal of $59,675 from an escrow account held by the first mortgagee.  These
funds are  intended to be  utilized  for capital  improvements  at the  Pavilion
Apartments,  in particular,  among other items, for roof repairs that are needed
at  the  property.  $59,675  was  disbursed  from  the  escrow  account  to  the
Partnership on May 22, 2000. The Partnership will reestablish the escrow account
with payments of $5,000 per month  commencing  July 2000 and continuing  monthly
for twelve months. It is anticipated that cash flow from the Pavilion Apartments
will be sufficient to make such payments.

OPERATIONS

The  Partnership  has  operated the  Pavilion  Apartments,  located in West Palm
Beach, Florida since January 1985.

The  project  operated  with  occupancies  in the  mid-90%  range for the second
quarter of 2000.  Physical occupancy stands at 98.7% as of August 4, 2000. There
are presently 4 units vacant (including one model apartment),  with two of those
units rented for August occupancy and one unit available for rental.

Rental  revenues  increased to $617,048 from  $561,425,  and to $1,198,168  from
$1,105,308  for the three and six month  periods ended June 30, 2000 as compared
to the comparable  periods of the prior year. These increases were  attributable
to the increased  rental rates  enjoyed by the Pavilion  Apartments as well as a
reduction in vacancies at the project. Operating expenses,  consisting mainly of
real estate taxes,  repairs and maintenance and utilities  decreased to $172,005
from  $199,714 and to $320,897 from  $397,103 for the  comparable  three and six
month periods of 2000 and 1999 respectively. The decrease was principally from a
reduction  in amounts  expended  on  landscaping,  water and sewer  charges  and
sanitation expenses,  as well as a reduction in real estate taxes as a result of
a reduction  in the assessed  valuation  of the project.  A reduction in amounts
expensed for  replacements  was offset by an increase in repairs and maintenance
at the project.  In addition  there was a reduction in amounts paid for electric
expense  during the  second  quarter of the year,  resulting  from  overpayments
during  the first  quarter of 2000 which  were  credited  to the second  quarter
expenses.



                                        6

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FJS PROPERTIES FUND I, L.P.
------------------------------------------------------------------------------


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF  OPERATIONS
------------------------------------------------------------------------------



   During  the  second  quarter  of 2000 the  following  sums were  expended  on
capitalizable replacements.

         Item                                     Amount spent
         Stoves/Refrigerators/Dishwashers         $  27,506.90
         Carpeting                                $  26,947.63
         Carpet Machine                           $   2,326.70
         Tile Replacement                         $  19,581.33
         Roofs                                    $  19,500.00
         Sewer Line Replacement                   $   3,948.93
         Misc. Interior Improvements              $  18,606.73
                                                  ------------

         Total:                                   $ 118,418.22
                                                  ============

General  and  administrative  expenses  increased  to $198,161  and  $383,885 as
compared to $162,446 and $320,418 for the comparable three and six month periods
of the prior year  respectively.  This  reflects  increases  in court  costs and
eviction  expenses as well as real estate  commissions for tenant  referrals and
security expenses, as well as increases in professional fees incurred.

INFLATION

As of the present date,  inflation has not had a major impact on the  operations
of the Partnership.




                                        7

<PAGE>



FJS PROPERTIES FUND I, L.P.
------------------------------------------------------------------------------


PART II - OTHER INFORMATION
------------------------------------------------------------------------------



Item 6. Exhibits and Reports on Form 8-K


[a] Exhibits as required by Item 601 of Regulation S-K:

None Required

[b] Reports on From 8-K:

None filed during the quarter for which this report is submitted.




                                        8

<PAGE>


FJS PROPERTIES FUND I, L.P.
------------------------------------------------------------------------------


SIGNATURE
------------------------------------------------------------------------------




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 thereunto duly authorized.


                                 FJS PROPERTIES FUND I, L.P.




Date: August 7, 2000             By: /s/ Andrew C. Alson
                                    ----------------------------------
                                       Andrew C. Alson
                                       (President and Chief Financial Officer)
                                       FJS Properties, Inc.
                                       General Partner



                                        9