SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549
                              FORM 10-Q

                  QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934




For Quarter Ended September 30, 1995  Commission File Number 0-10272



           WINTHROP  RESIDENTIAL  ASSOCIATES  I, A  LIMITED  PARTNERSHIP
              (Exact name of registrant as specified in its charter)




            Maryland                                 04-2720493
(State or other jurisdiction          (I.R.S. Employer Identification No.)
incorporation or organization)



One International Place, Boston, MA                          02110
(Address of principal executive offices)                    (Zip Code)




Registrant's telephone number, including area code           (617) 330-8600


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 _________

PART 1 - FINANCIAL INFORMATION
STATEMENTS OF OPERATIONS
<TABLE>

                                                                                Three Months Ended         Nine Months Ended
                                                                                   September 30,              September 30,
(Unaudited) (Note 1)                                                             1995       1994            1995        1994   

<S>                                                                        <C>              <C>             <C>           <C>
Income from Local Limited Partnership cash
   distribution.....................................................       $ 119,622        $    -          $119,622      $    -
Interest income.....................................................            -                -              -              -
                                                                           ----------       ----------     ----------    -------
                                                                             119,622             -           119,622           -

Expenses:
   Amortization.....................................................           1,704            1,704          5,112          5,112
   Interest (Note 4)................................................          16,401           13,202         48,198         35,461
   General and administrative.......................................           6,355            3,298         40,683         31,039
                                                                           ----------          -------        -------        ------
                                                                              24,460           18,204         93,993         71,612
                                                                           ----------          -------        -------        ------

Income (Loss) from operations.......................................          95,162          (18,204)        25,629        (71,612)

Equity in net income of Local Limited
 Partnerships (Note 3)..............................................           1,264           14,711         10,056         33,237
                                                                           ----------         --------     ----------      --------

Net income (loss)...................................................       $  96,426        $  (3,493)     $  35,685      $ (38,375)
                                                                           ----------       ----------   ------------     --------- 

Net income (loss) allocated to General
 Partners...........................................................       $   4,821        $    (175)     $   1,784      $  (1,919)
                                                                           ----------       ----------     ----------     --------- 

Net income (loss) allocated to Limited
 Partners...........................................................       $  91,605        $  (3,318)     $  33,901      $ (36,456)
                                                                           ----------       ----------     ----------     --------- 

Net income (loss) per Unit of Limited
 Partnership Interest...............................................       $    3.58        $    (.13)      $   1.32      $   (1.42)
                                                                           ----------       ----------      ---------    ---------- 
</TABLE>




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

<PAGE>




BALANCE SHEETS
<TABLE>
                                                                                                 September 30,          December 31,
                                                                                                     1995                 1994
                                                                                                 (Unaudited)            (Audited)
ASSETS


<S>                                                                                             <C>                    <C>
Cash and cash equivalents............................................................           $    95,617            $      -
Investments in Local Limited Partnerships (Note 3)...................................             1,620,062              1,615,118
                                                                                                ------------           -----------
                                                                                                $ 1,715,679            $ 1,615,118
                                                                                                ------------        --------------

LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
   Accounts payable and accrued expenses.............................................               430,417                398,543
   Loans payable to affiliate (Note 4)...............................................               666,273                633,271
                                                                                                ------------           -----------
                                                                                                $ 1,096,690            $ 1,031,814
                                                                                                ------------           -----------

Partners' Capital:
   Limited Partners
      Units of  Limited  Partnership  Interest,  $1,000  stated  value per Unit;
       25,676 units authorized, and 25,609
           units issued and outstanding .............................................             1,688,336              1,654,435

General Partners.....................................................................            (1,069,347)            (1,071,131)
                                                                                                ------------           ----------- 
                                                                                                    618,989                583,304
</TABLE>
  The accompanying notes are an integral part of these financial statements.

<PAGE>




STATEMENTS OF CASH FLOWS
<TABLE>

For The Nine Months Ended
September 30, 1995 and 1994 (Unaudited) (Note 1)                1995          1994

Cash flows from operating activities:

<S>                                                                                          <C>                  <C>
   Net income (loss).................................................................        $  35,685            $  (38,375)
   Adjustments to reconcile net income (loss) to cash
    provided by operating activities:
     Amortization......................................................................          5,112                 5,112
     Equity in net income of Local Limited
       Partnerships....................................................................        (10,056)              (33,237)
       Income from Local Limited Partnership cash
      distribution.....................................................................       (119,622)                 -

    Changes in assets and liabilities:
       Increase in accounts payable and accrued
        expenses.......................................................................         31,874                35,462
                                                                                             ----------           ----------

   Net cash used in operating activities...............................................        (57,007)              (31,038)
                                                                                             ----------           ---------- 

   Cash flow from investing activities:
     Cash distributions from Local Limited Partnerships................................        119,622                  -
                                                                                             ----------               ---

Cash flows from financing activities:

   Proceeds from loan payable..........................................................         33,002                31,038
                                                                                             ----------              -------

      Net increase in cash and cash equivalents........................................         95,617                  -

Cash and cash equivalents, beginning of period.........................................            -                    -
                                                                                             ----------             -----

Cash and cash equivalents, end of period...............................................      $  95,617            $     -   
                                                                                             ----------           ----------

</TABLE>


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

<PAGE>




STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
<TABLE>

                                                             UNITS OF
For the Nine Months Ended                                     LIMITED            GENERAL              LIMITED
September 30, 1995 and 1994                                 PARTNERSHIP         PARTNERS'            PARTNERS'           TOTAL
(Unaudited (Note 1)                                           INTEREST           CAPITAL              CAPITAL           CAPITAL  
-------------------                                           ---------        ----------            ---------         ----------


<S>                                                          <C>               <C>                   <C>               <C>
Balance December 31, 1994............................        25,646            $(1,071,131)          $1,654,435        $  583,304
Retirement of units..................................           (37)                  -                    -                 -
Net Income..........................................           -                     1,784               33,901            35,685
                                                              ------         --------------         ------------       ----------
Balance September 30, 1995...........................        25,609            $(1,069,347)          $1,688,336        $  618,989
                                                          ----------           ------------          -----------       ----------


Balance December 31, 1993............................        25,646            $(1,067,731)          $1,719,040        $  651,309
Net loss.............................................           -                   (1,919)             (36,456)          (38,375)
                                                                ----         --------------         ------------       ---------- 
Balance September 30, 1994...........................        25,646            $(1,069,650)          $1,682,584        $  612,934
                                                          ----------           ------------          -----------       ----------



</TABLE>


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

<PAGE>




NOTES TO FINANCIAL STATEMENTS
September 30, 1995
(Unaudited)


1.    ACCOUNTING AND FINANCIAL REPORTING POLICIES

      The condensed  financial  statements included herein have been prepared by
      the  Registrant,  without audit,  pursuant to the rules and regulations of
      the Securities and Exchange  Commission.  The Registrant's  accounting and
      financial  reporting  policies are in conformity  with generally  accepted
      accounting   principles  and  include   adjustments  in  interim   periods
      considered necessary for a fair presentation of the results of operations.
      Certain  information  and  footnote   disclosures   normally  included  in
      financial  statements  prepared  in  accordance  with  generally  accepted
      accounting  principles  have been  condensed  or omitted  pursuant to such
      rules and  regulations.  It is suggested  that these  condensed  financial
      statements be read in  conjunction  with the financial  statements and the
      notes thereto  included in the  Registrant's  latest annual report on Form
      10-K.

      The accompanying financial statements reflect the Partnership's results of
      operations for an interim period and are not necessarily indicative of the
      results of operations for the year ending December 31, 1995.


2.    TAX INCOME/LOSS

      The Partnership's tax income/loss for 1995 is expected to differ from that
      for financial  reporting purposes primarily due to accounting  differences
      in the recognition of construction period costs and depreciation  incurred
      by the Local Limited  Partnerships  and  differences in the recognition of
      equity in net income/loss of Local Limited  Partnerships  under the equity
      method of accounting described below.


3.    INVESTMENT IN LOCAL LIMITED PARTNERSHIPS

      The  Partnership  accounts  for  its  investment  in  each  Local  Limited
      Partnership  on the  equity  method of  accounting.  The  investment  cost
      (including  amounts  paid or  accrued)  is  subsequently  adjusted  by the
      Partnership's  share  of  the  Local  Limited   Partnership's  results  of
      operations and by distributions received or accrued. Costs relating to the
      acquisition   and  selection  of  the  investment  in  the  Local  Limited
      partnership are  capitalized to the investment  account and amortized over
      the  life of the  investment  or until  the  investment  balance  has been
      written down to zero. Costs in excess of the  Partnership's  initial basis
      in the net assets of the Local Limited  Partnership are amortized over the
      estimated  useful lives of the  underlying  assets.  Equity in the loss of
      Local  Limited  Partnerships  is not  recognized  to the  extent  that the
      investment balance would become negative.



<PAGE>

NOTES TO FINANCIAL STATEMENTS
September 30, 1995
(Unaudited)
(Continued)


4.    LOANS PAYABLE TO AFFILIATE

      Beginning in 1986, the Partnership  depleted its available reserves and as
      a  result  borrowed  amounts  from  First  Winthrop   Corporation  ("First
      Winthrop")  to pay  operating  expenses  and fund  operating  deficits  at
      properties  owned by the Local Limited  Partnerships.  The borrowings from
      First  Winthrop  bear  interest at the prime rate (8.75% at September  30,
      1995) plus 1%. The  Partnership  accrued  interest  expense of $48,198 and
      $35,461 to First Winthrop  during the nine months ended September 30, 1995
      and 1994,  respectively.  The Partnership will meet its interest  payments
      and repay First  Winthrop's  loans from cash flow  generated  by the Local
      Limited  Partnerships  or from the  proceeds  of any sales of real  estate
      owned by the Local Limited Partnerships.



<PAGE>




      MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
      CONDITION AND RESULTS OF OPERATIONS

      Net  income for the nine  months  ended  September  30,  1995 was  $35,685
      compared to a net loss of $38,375 for the nine months ended  September 30,
      1994.  This was due  primarily  to  increased  income  from Local  Limited
      Partnership cash  distributions  (Candlewood & Lynnwood Park).  Candlewood
      was able to make a cash  distribution to the Partnership which represented
      its  remaining  cash  balances  after  the  sale of the  property  through
      foreclosure in January 1995.  Lynnwood,  which is now generating  positive
      cash flow,  was able to make a cash  distribution  to the  Partnership  as
      payment of accrued fees due to the local general partner has been made.

      Two  properties,  The Villas and Windscape,  had  previously  defaulted on
      their mortgage obligations. Currently, both properties are operating under
      provisional  workout  arrangements with HUD. The workout  arrangements are
      both effective February 1, 1995 through January 31, 1996. In May 1995, HUD
      informed the local general  partner of Windscape that the mortgage will be
      included in an auction to be held in the fall of 1995.  The local  general
      partner is currently  corresponding  with HUD to request the  Modification
      Agreement  be executed  prior to the sale of the loan to a new  mortgagee.
      The Modification  Agreement essentially allows the mortgagor to recast any
      delinquent  and/or  unpaid  principal  and  interest  at 7.5%  if  certain
      conditions are met.

      Shadowbrook's  workout  agreement  with HUD expired in December  1992. The
      Partnership  was unable to secure an extension  of the workout  agreement.
      The mortgage note was recently sold in an auction by HUD. The  Partnership
      will attempt to negotiate a workout agreement with the new mortgagee.

      Stonewood  defaulted  on its  mortgage  in July  1991  but was  unable  to
      negotiate a workout agreement with HUD. Stonewood's mortgage note was sold
      to a new  mortgagee  in May 1995.  Efforts  are  currently  being  made to
      negotiate a workout agreement with the new mortgagee.

      The five remaining  properties met their financial  obligations during the
      nine months  ended  September  30, 1995,  but did not generate  sufficient
      revenue to distribute any cash flow to the Partnership.

      The Partnership requires cash to pay general and administrative  expenses.
      All cash  requirements are satisfied by Partnership  income and loans from
      First Winthrop.

      Variations for future interim periods will occur as the operating  results
      of the Local Limited Partnership's change and as the Partnership sells its
      interests  in Local  Limited  Partnerships  and the  gains or  losses  are
      recognized.



<PAGE>




SUPPLEMENTARY INFORMATION
REQUIRED PURSUANT TO SECTION 9.4 OF THE PARTNERSHIP AGREEMENT

September 30, 1995 (Unaudited).......................
<TABLE>


1.    Statement of Cash Available for Distribution
      for the three months ended September 30, 1995:


<S>                                                                                                         <C>
Net income.......................................................................................           $  96,426
   Add:   Amortization...........................................................................               1,704
             Equity in net income of Local Limited Partnerships..................................              (1,264)
             Cash added to reserves..............................................................             (96,866)
                                                                                                             -------- 

Cash Available for Distribution..................................................................            $   -   
                                                                                                             --------
</TABLE>


2.    Fees and other  compensation  paid or  accrued by the  Partnership  to the
      General  Partners,  or their  affiliates,  during the three  months  ended
      September 30, 1995:



<TABLE>
Entity Receiving                                                                        Form of
 Compensation                                                                        Compensation              Amount

<S>                                                              <C>                                          <C>
First Winthrop Corporation                                       Interest on Loans to Partnership             $16,401

</TABLE>

All other  information  required  pursuant  to  Section  9.4 of the  Partnership
Agreement  is set  forth in the  attached  Report  on Form  10-Q or  Partnership
Report.
<PAGE>

                                            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.



           WINTHROP RESIDENTIAL ASSOCIATES I,
                A LIMITED PARTNERSHIP
                    (Registrant)

           BY:  ONE WINTHROP PROPERTIES, INC.
                Managing General Partner


           BY:  /s/Anthony R. Page__________
                Anthony R. Page
                Chief Financial Officer


           BY:  /s/Richard J. McCready______
                Richard J. McCready
                Chief Operating Officer

DATED:  November 3, 1995


<PAGE>