U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q/A

(MARK ONE)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001

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

    Transition Period From ___________ To ___________


                        COMMISSION FILE NUMBER 333-32800


                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)
             (Exact Name of Registrant as Specified in Its Charter)


            NEVADA                                               88-0446244
(State or Other Jurisdiction of                              (I.R.S. Employer
 Incorporation or Organization)                              Identification No.)


2901 EL CAMINO AVENUE, SUITE 206, LAS VEGAS, NEVADA                89102
   (Address Of Principal Executive Offices)                      (Zip Code)


                                  702.227.0965
                         (Registrant's Telephone Number)

                           DM MORTGAGE INVESTORS, LLC
               Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report.


Indicate by check 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 [ ]

As of April 30, 2001, the Issuer had 8,232,412 of its Units outstanding.
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

                                                                            Page
                                                                            ----
Balance Sheets as of March 31, 2001 (unaudited) and
 December 31, 2000..........................................................  3

Statements of Income for the Three Months Ended
 March 31, 2001 and 2000 (unaudited)........................................  4

Statement of Members' Equity (unaudited)....................................  5

Statements of Cash Flows for the Three Months ended
 March 31, 2001 and 2000 (unaudited)........................................  6

Notes to Financial Statements...............................................  7

                                       2
<PAGE>
                               VESTIN FUND I, LLC

                                 BALANCE SHEETS


                                              March 31, 2001   December 31, 2000
                                               (Unaudited)         (Audited)
                                              --------------   -----------------
                                               (Restated)
                                     ASSETS

Cash                                            $   815,499        $   370,304
Certificates of deposit                           1,675,000          1,200,000
Due from Managing Member                            172,014            199,396
Interest and other receivables                      628,249            491,122
Investment in mortgage loans                     60,013,923         39,376,619
                                                -----------        -----------
                                                $63,304,685        $41,637,441
                                                ===========        ===========

                         LIABILITIES AND MEMBERS' EQUITY

Liabilities
  Distribution payable to Managing Member       $    27,711        $        --
  Deferred revenues                             $   169,520        $   256,230
                                                -----------        -----------
       Total liabilities                            197,231            256,230
                                                -----------        -----------
Members' equity - authorized 10,000,000 units;
 6,327,479 and 4,173,991 units issued and
 outstanding at $10 per unit at March 31, 2001
 and December 31, 2000, respectively             63,107,454         41,381,211
                                                -----------        -----------
       Total members' equity                     63,107,454         41,381,211
                                                -----------        -----------
       Total liabilities and members' equity    $63,304,685        $41,637,441
                                                ===========        ===========

The accompanying notes are an integral part of these statements.

                                        3
<PAGE>
                               VESTIN FUND I, LLC

                              STATEMENTS OF INCOME
               FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)


                                                    Three Months Ended March 31,
                                                    ----------------------------
                                                       2001              2000
                                                    ----------        ----------
                                                      (Restated)
REVENUES
  Interest income from investment in
   mortgage loans                                   $1,646,508        $        0
  Loan origination fees                                 86,711                 0
  Other interest income                                 43,023                 0
                                                    ----------        ----------

       Total revenues                                1,776,242                 0
                                                    ----------        ----------
OPERATING EXPENSES
  Management fees to Managing Member                     7,184                 0
  Other                                                 21,125                 0
                                                    ----------        ----------

       Total operating expenses                         28,309                 0
                                                    ----------        ----------

NET INCOME                                          $1,747,933        $        0
                                                    ==========        ==========

Net income allocated to members                     $1,747,933        $        0
                                                    ==========        ==========
Net income allocated to members per weighted
 average membership units                           $      .34        $        0
                                                    ==========        ==========

Weighted average membership units                    5,089,337           115,500
                                                    ==========        ==========

The accompanying notes are an integral part of these statements.

                                        4
<PAGE>
                               VESTIN FUND I, LLC

                          STATEMENT OF MEMBERS' EQUITY

                                   (RESTATED)

                                                    Units             Amount
                                                 ------------      ------------

Members' equity at December 31, 2000 (Audited)     4,173,991       $ 41,381,211

Issuance of units (net of offering costs)          2,129,312         21,247,826

Distributions                                             --         (1,483,568)

Reinvestments of distributions                        24,176            241,763

Declared distribution to Managing Member                  --            (27,711)

Net income                                                --          1,747,933
                                                  ----------       ------------

Members' equity at March 31, 2001 (unaudited)      6,327,479       $ 63,107,454
                                                  ==========       ============

The accompanying notes are an integral part of this statement.

                                        5
<PAGE>
                               VESTIN FUND I, LLC

                            STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2001 and 2000
                                   (UNAUDITED)

                                                   Three Months Ended March 31,
                                                  ------------------------------
                                                      2001              2000
                                                  ------------      ------------
                                                     (Restated)
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                      $  1,747,933      $          0
  Adjustments to reconcile net income to net
   cash provided by operating activities:
    Decrease in due from Managing Member                27,382                 0
    Increase in interest and other receivables        (137,127)                0
    Decrease in deferred revenues                      (86,710)                0
                                                  ------------      ------------

       Net cash provided by operating activities     1,551,478                 0
                                                  ------------      ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of investments in mortgage loans        (21,720,458)                0
  Proceeds from loan payoff                          1,083,154                 0
  Investment in certificates of deposit               (475,000)                0
                                                  ------------      ------------

       Net cash used in investing activities       (21,112,304)                0
                                                  ------------      ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from issuance of membership units        21,247,826                 0
  Members' distribution reinvestments                  241,763                 0
  Members' distributions                            (1,483,568)                0
                                                  ------------      ------------

       Net cash provided by financing activities    20,006,021                 0
                                                  ------------      ------------

NET INCREASE IN CASH                                   445,195                 0

CASH, BEGINNING                                        370,304                 0
                                                  ------------      ------------

CASH, ENDING                                      $    815,499      $          0
                                                  ============      ============
Supplemental Non-Cash Financing Activities:
  Declared distribution to Managing Member        $     27,711      $          0
                                                  ============      ============

The accompanying notes are an integral part of these statements.

                                        6
<PAGE>
                               VESTIN FUND I, LLC

                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2001
                                   (UNAUDITED)

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     1.   ORGANIZATION

     Vestin Fund I, LLC, a Nevada Limited  Liability  Company,  (the Company) is
     primarily engaged in the business of mortgage lending.  The Company invests
     in loans secured by real estate through deeds of trust and  mortgages.  The
     Company was  organized  on December 14, 1999 (date of  formation)  and will
     continue until December 31, 2019 unless dissolved prior or extended thereto
     under the provisions of the Operating Agreement.

     Prior to September 1, 2000, the Company was a development stage company. On
     August 23, 2000,  the Company's  Form S-11/A,  as filed with the Securities
     and Exchange  Commission,  became effective for the initial public offering
     of  10,000,000  units of the  Company  at $10 per unit.  Consequently,  the
     Company  commenced  operations  on September 1, 2000. As of March 31, 2001,
     the Company sold 6,327,479 units of the total 10,000,000 units offered. The
     Company will continue to offer its remaining unsold units to the public for
     a period of two years following the effective date of its Form S-11/A.

     The Manager of the Company is Vestin Mortgage,  Inc., a Nevada  corporation
     engaged in the business of brokerage, placement and servicing of commercial
     loans secured by real property. The Manager is a wholly-owned subsidiary of
     Vestin Group, Inc., a Delaware Corporation,  whose common stock is publicly
     held and is traded on the Nasdaq Small Cap Market under the symbol  "VSTN."
     The Company's  Operating  Agreement provides that the Manager has exclusive
     control  over the business of the  Company;  including  the power to assign
     duties,  to determine how to invest the Company's  assets, to sign bills of
     sale,  title  documents,  leases,  notes,  security  agreements,   mortgage
     investments  and  contracts,  and  to  assume  direction  of  the  business
     operations.

     The financial  statements  have been prepared in accordance with Securities
     Exchange   Commission   requirements  for  interim  financial   statements.
     Therefore,  they  do  not  include  all of the  information  and  footnotes
     required by generally accepted accounting principles for complete financial
     statements. The financial statements should be read in conjunction with the
     Form 10-K for the fiscal year ended December 31, 2000 of the Company.

NOTE B - INVESTMENT IN MORTGAGE LOANS

     Investment in mortgage loans as of March 31, 2001 are as follows:

         Bridge                                   $ 4,497,400            7.49%
         Commercial                                11,451,340           19.08%
         Construction                               8,477,040           14.13%
         Acquisition and development               21,856,039           36.42%
         Land                                      13,732,104           22.88%
         Residential                                       --              --%
                                                  -----------          ------

                                                  $60,013,923          100.00%
                                                  ===========          ======

         First mortgages                          $59,763,923           99.58%
         Second mortgages                             250,000             .42%
                                                  -----------          ------

                                                  $60,013,923          100.00%
                                                  ===========          ======

                                        7
<PAGE>
                               VESTIN FUND I, LLC

                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2001
                                   (UNAUDITED)

     The following is a schedule of  maturities of investment in mortgage  loans
     as of March 31, 2001 for the following years ending December 31:

         2001                                     $46,049,133
         2002                                      13,964,790
                                                  -----------

                                                  $60,013,923
                                                  ===========

     The  following  is a schedule  by  geographic  location  of  investment  in
     mortgage loans as of March 31, 2001:

         Arizona                                  $ 2,650,000           4.42%
         California                                 9,458,749          15.76%
         Hawaii                                     8,534,910          14.22%
         Nevada                                    11,173,958          18.62%
         Texas                                     16,891,111          28.15%
         Utah                                       9,705,195          16.16%
         Washington                                 1,600,000           2.67%
                                                  -----------         ------

                                                  $60,013,923         100.00%
                                                  ===========         ======

     As of March 31,  2001,  the  majority of all  mortgage  loan  payments  are
     current  and the loans are  performing  in  accordance  with  their  terms.
     Accordingly,  the Company's management estimates that an allowance for loan
     losses is not deemed necessary.

     The  Company  has  six  mortgage  loan   products   consisting  of  bridge,
     commercial,   construction,   acquisition   and   development,   land,  and
     residential.  Substantially  all  mortgage  loans  have  similar  effective
     interest  rates ranging from 12% to 15%.  Revenue by product will fluctuate
     based upon relative  balances during the period.  Due to the similar nature
     of the effective  interest  rates,  the Company does not report revenues by
     product type.

NOTE C - SUBSEQUENT EVENT

     Subsequent to March 31,2001, the Company raised  approximately  $18,684,000
     from the sale of its units through April 30, 2001.

NOTE D - RESTATEMENT

     During  September 2001, the Company declared a distribution to the Managing
     Member based upon historical yields of distributions during the nine months
     ended  September 30, 2001 made to the other members.  As of March 31, 2001,
     the Managing Member had a weighted average  membership units in the Company
     of approximately  83,000 units. The Company has not made any  distributions
     to the Managing Member to date. Accordingly,  the Company has reflected the
     declared  distribution  in the periods the Managing  Member was entitled to
     receive such distributions  since similar  distributions were made to other
     members  in  those   periods.   Therefore,   the  Company  has  recorded  a
     distribution   payable   totaling   $27,711  as  of  March  31,   2001  for
     distributions  of the same amount  entitled to for the three  months  ended
     March 31, 2001.

                                        8
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

BACKGROUND

Vestin Fund I, LLC (the  "Company")  was  organized in December 1999 as a Nevada
limited  liability  company for the purpose of investing in mortgage loans.  The
Company  invests in loans  secured  by real  estate  through  deeds of trust and
mortgages.  Prior to  September  1, 2000,  the Company was a  development  stage
company.

The Company's  manager is Vestin Mortgage,  Inc., a licensed mortgage company in
the State of Nevada (the "Manager"). The Manager is a wholly-owned subsidiary of
Vestin Group, Inc., a Delaware corporation,  whose common stock is publicly held
and traded on the Nasdaq Small Cap Market under the ticker symbol "VSTN."

The following  financial review and analysis  discusses the Company's  financial
condition and results of operations for the  three-month  period ended March 31,
2001.  Prior to September 1, 2000,  the Company was a development  stage company
with no operational  activities.  This information should be read in conjunction
with the  Company's  financial  statements  and  accompanying  notes  and  other
detailed  information  regarding  the Company  appearing  elsewhere in this Form
10-Q.

OVERVIEW

On August 23,  2000,  the  Company's  Registration  Statement  as filed with the
Securities  and Exchange  Commission  became  effective  for the initial  public
offering of up to 10,000,000 of the Company's units at $10 per unit. The Company
commenced  operations  on September 1, 2000.  As of March 31, 2001,  the Company
sold  approximately  6,205,000  units of the  total  10,000,000  units  offered.
Additionally,  the Company issued  approximately 84,000 units to its Manager for
offering costs paid by them on the Company's behalf,  and  approximately  38,000
units for members'  distribution  reinvested with the Company.  The Company will
continue  to offer  unsold  units to the  public for a period of up to two years
following the effective date of the Registration Statement.

SUMMARY OF FINANCIAL RESULTS

                                                           For the Quarter Ended
                                                               March 31, 2001
                                                               --------------
Total revenues                                                   $1,776,000
Total expenses                                                   $   28,000
Net income                                                       $1,748,000
Earnings per unit:
  Net income allocated to members per weighted
   average membership units                                      $      .34
  Annualized net interest yield to members (a)                        13.74%
  Weighted average membership units                               5,089,337

----------
(a)  The annualized net interest yield to unit holders is calculated  based upon
     the net income  allocated to unit holders per weighted  average units as of
     March 31, 2001  divided by 3 (number of months from  January  2001  through
     March 2001) and multiplied by twelve (12) months,  then divided by ten (the
     $10 cost per unit).

Net income for the  quarter  ended March 31,  2001 was  derived  primarily  from
interest income on mortgage loans approximating $1.6 million, interest income of
approximately  $43  thousand  earned on cash and cash  equivalents  held at bank
institutions and $87 thousand from mortgage origination fees earned.

The weighted  average yield for the three-month  period ended March 31, 2001 for
the Company's mortgage loans was 13.25%.

                                        9
<PAGE>
INVESTMENT IN MORTGAGE LOANS SECURED BY REAL ESTATE PORTFOLIO

As of March 31, 2001, the Company invested approximately $60,014,000 in mortgage
loans secured by real estate. Such loans consisted of twenty-seven (27) loans of
which twenty-six (26) loans are secured through first deeds of trust and one (1)
loan is secured through second deeds of trust. The following is a summary of the
Company's investment in mortgage loans as of March 31, 2001:

Andre Tatibouet               Enchantment Condos             Red Hills Oasis
Art Collection, Inc.          Golden Nugget Holdings         RTA Desert, Inc.
Arvada Ranch LLC              HHG Partners                   South Mountain, LLC
Bridge Aina Le'a, LLC         Intercapital of Texas, Inc.    Sunset-Pecos LP
Brugnara Properties V, LLC    Lakeside Village, LLC          The Ranches
California Property Inv.      LV RV Resort LLC
Car Spa Norco                 Malibu Development
Corona Partnership            Mesquite 643 LLC
Donald Zeiter                 Peace Plaza LLC
Emerald Suites, LLC           Q Summerlin

As of March 31, 2001,  investment in loans secured by real estate had a weighted
average  interest yield of 13.87% with all loans maturing within the next twelve
(12) to twenty-four (24) months.

Losses may be  expected  to occur when  funding  mortgage  loans.  The amount of
losses  will  vary as the  loan  portfolio  is  affected  by  changing  economic
conditions and the financial  position of borrowers.  There is no precise method
of predicting potential losses.

                                       10
<PAGE>
The conclusion that the Company's loans may become uncollectible, in whole or in
part,  is a  matter  of  professional  judgment.  Conventional  lenders  such as
traditional  banks and savings and loan  institutions are subject to federal and
state regulations that require such lenders to perform ongoing analyses of their
loan  portfolios,  loan to value ratios,  reserves,  etc., and to obtain current
information  regarding  their  borrowers  and  the  securing  properties.  As  a
non-conventional  lender, the Company is not subject to such regulations and has
not adopted these practices. Rather, in connection with the quarterly and annual
closing of the Company's accounting records and the preparation of the Company's
financial  statements,  the Manager evaluates  investments in mortgage loans and
determines  whether  the  allowance  for loan  losses is  adequate  to cover the
Company's potential losses. As of March 31, 2001, the Manager determined that no
allowances for loan losses was necessary.

The Manager may evaluate the  following  in using its  professional  judgment to
determine  the adequacy of allowance  for loan losses:  economic  conditions,  a
borrower's financial condition, industry trends, and the loss potential involved
with a loan. The Manager's loan committee may also conduct a quarterly review or
the adequacy of loan losses.

CAPITAL AND LIQUIDITY

Liquidity  is  a  measure  of  a  company's   ability  to  meet  potential  cash
requirements,  including ongoing  commitments to fund lending activities and for
general operation purposes.  The Company believes that interest earned from both
investment  loans and cash held at bank  institutions  in the next twelve months
will be sufficient to meet the Company's capital requirements.  The Company does
not anticipate the need for hiring any employees, acquiring fixed assets such as
office equipment or furniture,  or incurring material office expenses during the
next twelve months  because the Manager will manage the Company's  affairs.  The
Manager  may elect to  receive  an annual  management  fee of up to 0.25% of the
Company's aggregate capital  contributions.  Pursuant to the Company's Operating
Agreement  the maximum  amount of  management  fees the Manager was  entitled to
receive in the first  quarter of 2001 was  $32,000.  As of March 31,  2001,  the
Manager elected to receive $7,200 in management fees.

During the  quarter  ended March 31,  2001,  cash flows  provided  by  operating
activities   approximated  $1.6  million.   Investing  activities  consisted  of
investment  in loans secured by real estate in the amount of $21 million (net of
proceeds  from payoffs of mortgage  loans),  and  investment in  certificate  of
deposits of $475 thousand.  Financing  activities consisted of proceeds from the
sale of units in the amount of $21 million, and distributions of $1.2 million to
the Company's unit holders (net of reinvestments).

The  Company  will rely upon the cash flow from  operations  to provide  for its
capital  requirements.  The Manager believes that cash generated from operations
will be sufficient to provide for its capital requirements for at least the next
12 months. The Company will continue to offer to sell its remaining unsold units
up to a maximum of 10,000,000  units. As of March 31, 2001, the Company has sold
approximately  6.3  million  units  with  proceeds  approximating  $63  million.
Proceeds from future sale of the Company's units will be used to provide capital
for investments in loans. There can be no assurance how many units will be sold.

At March  31,  2001,  the  Company  had  about  $815  thousand  in cash and cash
equivalents,  $1.7 million in  certificates  of deposit and $63 million in total
assets.  On the same date, total  liabilities of the Company  approximated  $170
thousand.  Accordingly, it appears the Company has sufficient working capital to
meet its operating needs in the near term.

                                       11
<PAGE>
The Company  maintains  working  capital  reserves  of at least 3% of  aggregate
members'  capital  accounts in cash and cash  equivalents,  and  certificates of
deposits.  This  reserve is  available  to pay  expenses in excess of  revenues,
satisfy obligations of underlying security  properties,  expend money to satisfy
unforeseen  obligations  and for other  permitted  uses of the working  capital.
Working capital reserves of up to 3% are included in the funds committed to loan
investments  in  determining  what  proportion  of  the  offering  proceeds  and
reinvested distributions have been invested in mortgage loans.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to market risk, primarily from changes in interest rates.
The  Company  does  not  deal in any  foreign  currencies  and  does not own any
options, futures or other derivative instruments.  The Company does not have any
debt.

Most of the Company's  assets consist of investments in mortgage loans.  For the
three month period ended March 31, 2001, the Company's  aggregate  investment in
mortgage loans was $60,014,000 with a weighted average  effective  interest rate
of  13.87%.  These  mortgage  loans  have a  term  of 1 to 2  years.  All of the
outstanding  mortgage loans at March 31, 2001 were fixed rate loans.  All of the
mortgage loans are held for investment purposes; none are held for sale. Most of
the mortgage loans do not have prepayment penalties.

Changes in  interest  rates  would not affect the asset  value of the  Company's
investment in mortgage loans.  However,  a significant  change in interest rates
could  affect  the  Company's  operating  results.  If  interest  rates  decline
significantly,  some of the borrowers could prepay their loans with the proceeds
of a  refinancing  at lower  interest  rates.  This would  reduce the  Company's
earnings and funds  available for  distribution  to unit  holders.  On the other
hand,  a  significant  increase in interest  rates could result in a slowdown in
real estate  development  activity  which would reduce the demand for commercial
mortgage loans. As a result,  the Company might encounter greater  difficulty in
identifying appropriate borrowers.  The Company is not in a position to quantify
the potential impact on its operating results from a material change in interest
rates.

For the first  fiscal  quarter  of 2001,  the  Company  invested  $1,675,000  in
certificates  of deposit  and other  short term  deposit  accounts.  The Company
anticipates  that at least 3% of its assets  will be held in such  accounts as a
cash  reserve;  additional  deposits in such  accounts will be made as funds are
received by the Company from new  investors  and  repayment of loans pending the
deployment of such funds in new mortgage loans.  The Company believes that these
financial assets do not give rise to significant interest rate risk due to their
short term nature.

                                       12
<PAGE>
                                     PART II

                                OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Not Applicable.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

The registration  statement (Commission file number 333-32800) registering up to
10,000,000 of the Company's  units valued at  $100,000,000,  with the Securities
and Exchange Commission became effective on August 23, 2000. The offering of the
Company's  units  commenced  on September  1, 2000.  As of March 31,  2001,  the
Company  had  sold  approximately   6,205,000  of  its  units  for  a  total  of
approximately  $62,000,000.  There is no public trading market for the Company's
units.  The Company's  units are sold where  permitted by the Manager  and/or by
Vestin  Capital,  Inc., a registered  broker/dealer.  The offering will continue
until the earlier of selling 10,000,000 units,  December 31, 2001 or the Manager
determines to end the offering. Investors in the Company must satisfy applicable
state requirements in order to purchase units in the Company.

Pursuant to the Company's  Distribution  Reinvestment  Plan,  members elected to
reinvest their  distributions and receive 24,000 units in the Company,  totaling
$240,000.

In exchange for services provided by the Manager, it has received  approximately
$7,200 in management  fees during the first fiscal  quarter of 2001. The Company
also  credited  the  Manager  with 4,500 units  valued at $45,000  for  offering
expenses paid by the Manager to nonaffiliates on behalf of the Company.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not Applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter was submitted to a vote of security holders,  through the solicitation
of proxies or otherwise, during the first quarter of 2001.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

        2.1      Articles of Organization*

        10.1     Operating Agreement*

----------
* Previously filed.

                                       13
<PAGE>
                                   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 thereunto duly authorized.

VESTIN FUND I, LLC

By: Vestin Mortgage, Inc., its sole manager


    By: /s/ Lance K. Bradford
        -----------------------------------
        Lance K. Bradford
        Director, Secretary and Treasurer
        (Chief Accounting Officer of the
        Manager and Duly Authorized Officer)

Dated: December 11, 2001

                                       14