<PAGE>   1
                UNITED STATED SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  ------------

                                    FORM 10-Q

                                  ------------

(Mark One)

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

           For the quarterly period ended September 30, 1999
                                                             -----------------

                                       OR

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

           For the transition period from _______________ to _______________

                               COMMISSION FILE NO.
                                     0-14105

                                  ------------

                        MURRAY INCOME PROPERTIES I, LTD.
             (Exact Name of Registrant as Specified in its Charter)


                    TEXAS                               75-1946214
       (State or Other Jurisdiction of               (I.R.S. Employer
        Incorporation or Organization)              Identification No.)

  5550 LBJ FREEWAY, SUITE 675, DALLAS, TEXAS              75240
   (Address of principal executive offices)             (Zip Code)

                                 (972) 991-9090
              (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
                                 ----                   ----


<PAGE>   2



PART I FINANCIAL INFORMATION

ITEM 1.         FINANCIAL STATEMENTS

MURRAY INCOME PROPERTIES I, LTD.
(A LIMITED PARTNERSHIP)
AND CONSOLIDATED JOINT VENTURE
CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                              September 30,              December 31,
                                                                  1999                      1998
                                                             --------------             -------------
                                                              (unaudited)
<S>                                                          <C>                        <C>
ASSETS

Investment properties, at cost:
   Land                                                      $    6,232,801             $   6,232,801
   Buildings and improvements                                    20,456,480                20,389,399
                                                             --------------             -------------
                                                                 26,689,281                26,622,200
   Less accumulated depreciation                                 11,239,205                10,618,469
                                                             --------------             -------------
     Net investment properties                                   15,450,076                16,003,731
Cash and cash equivalents                                         1,908,125                 1,808,765
Accounts receivable, net of allowance of
   $1,704 and $8,676, in 1999 and 1998, respectively                658,931                   641,807
Other assets, at cost, net of accumulated
   amortization of $618,505 and $587,283
   in 1999 and 1998, respectively                                   251,545                   206,930
                                                             --------------             -------------
                                                             $   18,268,677             $  18,661,233
                                                             ==============             =============

LIABILITIES AND PARTNERS' EQUITY

Accounts payable                                             $       20,715             $      13,167
Accrued property taxes                                              201,828                   203,814
Security deposits                                                   176,384                   168,745
                                                             --------------             -------------
       Total liabilities                                            398,927                   385,726
                                                             --------------             -------------

Minority interest in joint venture                                1,269,237                 1,321,510
                                                             --------------             -------------

Partners' equity:
   General Partners:
     Capital contributions                                            1,000                     1,000
     Cumulative net earnings                                        258,775                   239,922
     Cumulative cash distributions                                 (427,321)                 (401,398)
                                                             --------------             -------------
                                                                   (167,546)                 (160,476)
                                                             --------------             -------------

   Limited Partners (28,227 Interests):
     Capital contributions, net of offering costs                24,570,092                24,570,092
     Cumulative net earnings                                     13,136,740                12,212,939
     Cumulative cash distributions                              (20,938,773)              (19,668,558)
                                                             --------------             -------------
                                                                 16,768,059                17,114,473
                                                             --------------             -------------
       Total partners' equity                                    16,600,513                16,953,997
                                                             --------------             -------------
                                                             $   18,268,677             $  18,661,233
                                                             ==============             =============
</TABLE>



See accompanying notes to consolidated financial statements.



                                       2
<PAGE>   3



MURRAY INCOME PROPERTIES I, LTD.
(A LIMITED PARTNERSHIP)
AND CONSOLIDATED JOINT VENTURE
CONSOLIDATED STATEMENTS OF EARNINGS
(UNAUDITED)

<TABLE>
<CAPTION>
                                                                    Three Months Ended                   Nine Months Ended
                                                                       September 30,                       September 30,
                                                              -----------------------------       -----------------------------
                                                                  1999              1998               1999             1998
                                                              -----------       -----------       -----------       -----------

<S>                                                           <C>               <C>               <C>               <C>
INCOME:
   Rental                                                     $   813,389       $   780,682       $ 2,470,748       $ 2,365,909
   Interest                                                        25,059            23,652            68,569            67,543
                                                              -----------       -----------       -----------       -----------
                                                                  838,448           804,334         2,539,317         2,433,452
                                                              -----------       -----------       -----------       -----------

EXPENSES:
   Depreciation                                                   206,621           210,162           620,736           631,255
   Property operating                                             212,862           204,884           626,205           635,455
   General and administrative                                      57,778            60,443           235,812           238,304
   Bad debt (recovery)                                                918               372               733              (837)
                                                              -----------       -----------       -----------       -----------
                                                                  478,179           475,861         1,483,486         1,504,177
                                                              -----------       -----------       -----------       -----------

     Earnings before minority interest                            360,269           328,473         1,055,831           929,275

     Minority interest in joint venture's
      earnings                                                     35,945            34,312           113,177           102,886
                                                              -----------       -----------       -----------       -----------

     Net earnings                                             $   324,324       $   294,161       $   942,654       $   826,389
                                                              ===========       ===========       ===========       ===========

Basic earnings per limited partnership
   interest                                                   $     11.26       $     10.21       $     32.73       $     28.69
                                                              ===========       ===========       ===========       ===========
</TABLE>



See accompanying notes to consolidated financial statements.



                                       3
<PAGE>   4


MURRAY INCOME PROPERTIES I, LTD.
(A LIMITED PARTNERSHIP)
AND CONSOLIDATED JOINT VENTURE
CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' EQUITY
(UNAUDITED)


<TABLE>
<CAPTION>
                                                                       General            Limited
                                                                       Partners           Partners              Total
                                                                     ------------        ------------        ------------

<S>                                                                  <C>                 <C>                 <C>
NINE MONTHS ENDED SEPTEMBER 30, 1998:

  Balance at December 31, 1997                                       $   (148,228)       $ 17,714,604        $ 17,566,376
  Net earnings                                                             16,528             809,861             826,389
  Cash distributions                                                      (25,923)         (1,270,216)         (1,296,139)
                                                                     ------------        ------------        ------------
  Balance at September 30, 1998                                      $   (157,623)       $ 17,254,249        $ 17,096,626
                                                                     ============        ============        ============


NINE MONTHS ENDED SEPTEMBER 30, 1999:

  Balance at December 31, 1998                                       $   (160,476)       $ 17,114,473        $ 16,953,997
  Net earnings                                                             18,853             923,801             942,654
  Cash distributions                                                      (25,923)         (1,270,215)         (1,296,138)
                                                                     ------------        ------------        ------------
  Balance at September 30, 1999                                      $   (167,546)       $ 16,768,059        $ 16,600,513
                                                                     ============        ============        ============
</TABLE>



See accompanying notes to consolidated financial statements.



                                       4
<PAGE>   5


MURRAY INCOME PROPERTIES I, LTD.
(A LIMITED PARTNERSHIP)
AND CONSOLIDATED JOINT VENTURE
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)


<TABLE>
<CAPTION>
                                                                           Nine Months Ended
                                                                             September 30,
                                                                   ------------------------------
                                                                        1999              1998
                                                                   -----------        -----------

<S>                                                                <C>                <C>
Cash flows from operating activities:
    Net earnings                                                   $   942,654        $   826,389

    Adjustments to reconcile net earnings to net
     cash provided by operating activities:
       Bad debts (recoveries), net                                         733               (837)
       Depreciation                                                    620,736            631,255
       Amortization of other assets                                     51,054             57,407
       Minority interest in joint venture's earnings                   113,177            102,886
       Change in assets and liabilities:
          Accounts receivable                                          (17,857)               845
          Other assets                                                 (95,669)           (42,189)
          Accounts payable                                               7,548              1,359
          Accrued property taxes and security deposits                   5,653            (16,996)
                                                                   -----------        -----------
Net cash provided by operating activities                            1,628,029          1,560,119
                                                                   -----------        -----------

Cash flows from investing activities:
    Additions to investment properties                                 (67,081)           (64,619)
                                                                   -----------        -----------

Cash flows from financing activities:
    Distributions to minority interest in joint venture               (165,450)          (156,000)
    Cash distributions                                              (1,296,138)        (1,296,139)
                                                                   -----------        -----------
             Net cash used in financing activities                  (1,461,588)        (1,452,139)
                                                                   -----------        -----------

Net increase in cash and cash equivalents                               99,360             43,361
Cash and cash equivalents at beginning of period                     1,808,765          1,620,246
                                                                   -----------        -----------
Cash and cash equivalents at end of period                         $ 1,908,125        $ 1,663,607
                                                                   ===========        ===========
</TABLE>


See accompanying notes to consolidated financial statements.



                                       5
<PAGE>   6


MURRAY INCOME PROPERTIES I, LTD.
(A LIMITED PARTNERSHIP)
AND CONSOLIDATED JOINT VENTURE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 1999 AND 1998

1.   BASIS OF ACCOUNTING

     The consolidated financial statements include the accounts of the
Partnership and Tower Place Joint Venture (85% owned by the Partnership). All
significant intercompany balances and transactions have been eliminated in
consolidation.

     The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of income and expenses during the reporting
period. Actual results could differ from those estimates.

     Rental income is recognized as earned under the leases. Accordingly, the
Partnership accrues rental income for the full period of occupancy using the
straight line method over the related terms. At September 30, 1999 and December
31, 1998, $419,253 and $457,406, respectively, of accounts receivable related to
such accruals.

     Other assets consist primarily of deferred leasing costs which are
amortized using the straight line method over the lives of the related leases.

     Depreciation is provided over the estimated useful lives of the respective
assets using the straight line method. The estimated useful lives of the
buildings and improvements range from three to twenty-five years.

     The Partnership periodically reevaluates the propriety of the carrying
amounts of investment properties to determine whether current events and
circumstances warrant an adjustment to such carrying amounts. Such evaluations
are performed utilizing annual appraisals performed by independent appraisers as
well as internally developed estimates of expected undiscounted future cash
flows. In the event the carrying value of an individual property exceeds
expected future undiscounted cash flows, the property is written down to the
most recently appraised value. Since inception of the Partnership, none of the
Partnership's properties have required write downs.

     No provision for income taxes has been made as the liabilities for such
taxes are those of the individual Partners rather than the Partnership. The
Partnership files its tax return on the accrual basis used for Federal income
tax purposes.

     Basic earnings and cash distributions per limited partnership interest are
based upon the limited partnership interests outstanding at period-end and the
net earnings and cash distributions allocated to the Limited Partners in
accordance with the Partnership Agreement, as amended.

     For purposes of reporting cash flows, the Partnership considers all
certificates of deposit and highly liquid debt instruments with original
maturities of three months or less to be cash equivalents.

     The following information relates to estimated fair values of the
Partnership's financial instruments as of September 30, 1999 and December 31,
1998. For cash and cash equivalents, accounts and notes receivable, accounts
payable, accrued property taxes payable, and security deposits, the carrying
amounts approximate fair value because of the short maturity of these
instruments.



                                       6
<PAGE>   7

     Effective January 1, 1999, the Partnership implemented the provisions of
Statement of Position (SOP) 98-5, Reporting on the Costs of Start-Up Activities.
SOP 98-5 requires that the costs of start-up activities, including
organizational costs, be expensed as incurred. SOP 98-5 required the initial
application to be recorded as of the beginning of the fiscal year in which the
SOP is first adopted. Due to the nature of capitalized costs of the Partnership,
there was no effect of implementation of this new pronouncement on the financial
condition or results of operations of the Partnership.

2.   PARTNERSHIP AGREEMENT

     Pursuant to the terms of the Partnership Agreement, net profits or losses
of the Partnership and cash distributions are generally allocated 98% to the
Limited Partners and 2% to the General Partners. Cash distributions from the
sale or refinancing of a property are allocated as follows:

(a)      First, all Cash Distributions from Sales or Refinancings shall be
         allocated 99% to the Limited Partners and 1% to the Non-corporate
         General Partner until the Limited Partners have been returned their
         Original Invested Capital from Cash Distributions from Sales or
         Refinancings, plus their Preferred Return from Cash Distributions from
         Operations or Cash Distributions from Sales or Refinancings, or both.

(b)      Next, all Cash Distributions from Sales or Refinancings shall be
         allocated 1% to the Non-corporate General Partner and 99% to the
         Limited Partners and the General Partners. Such 99% will be allocated
         (i) first to the Corporate General Partner in an amount equal to any
         unpaid Cash Distributions from Operations subordinated to the Limited
         Partners' 7% non-cumulative annual return and (ii) thereafter, 80% to
         the Limited Partners and 20% to the General Partners.

         Cash Distributions from Sales or Refinancings (other than the 1% of
         Cash Distributions from Sales or Refinancings payable to the
         Non-corporate General Partner) payable to the General Partners shall be
         allocated 62 1/2% to the Non-corporate General Partner and 37 1/2% to
         the Corporate General Partner.

(c)      Upon the sale of the last property owned by the Partnership, Cash
         Distributions from Sales or Refinancings shall be allocated and paid to
         the Partners in an amount equal to, and in proportion with, their
         existing capital account balances. Such distributions shall be made
         only after distribution of all Cash Distributions from Operations and
         only after all allocations of Partnership income, gain, loss, deduction
         and credit (including net gain from the sale or other disposition of
         the properties) have been closed to the Partners' respective capital
         accounts.

3.   INVESTMENT PROPERTIES

     The Partnership owns and operates Mountain View Plaza, a shopping center
located in Scottsdale, Arizona and Castle Oaks Village, a shopping center
located in Castle Hills (San Antonio), Texas. In addition, the Partnership owns
an 85% interest in Tower Place Joint Venture, a joint venture which owns Tower
Place Festival Shopping Center located in Pineville (Charlotte), North Carolina.
The remaining 15% interest in the joint venture is owned by Murray Income
Properties II, Ltd. ("MIP II"), an affiliated real estate limited partnership.
The Tower Place Joint Venture Agreement provides that the Partnership will share
profits, losses, and cash distributions according to the Partnership's 85%
ownership interest in the joint venture.

     The Partnership has adopted Statement of Financial Accounting Standards No.
131, "Disclosures about Segments of an Enterprise and Related Information",
which established standards for the way that public business enterprises report
information about operating segments in audited financial statements, as well as
related disclosures about products and services, geographic areas, and major
customers. The Partnership defines each of its shopping



                                       7
<PAGE>   8

centers as operating segments; however, management has determined that all of
its properties have similar economic characteristics and also meet the other
criteria which permit the properties to be aggregated into one reportable
segment. Management of the Partnership makes decisions about resource allocation
and performance assessment based on the same financial information presented
throughout these consolidated financial statements.

4.   OTHER

     Information furnished in this interim report reflects all adjustments
consisting of normal recurring adjustments, which, in the opinion of management,
are necessary to reflect a fair presentation of the results for the periods
presented.

     The financial information included in this interim report as of September
30, 1999 and for the three and nine months ended September 30, 1999 and 1998 has
been prepared by management without audit by independent public accountants. The
Partnership's 1998 annual report contains audited consolidated financial
statements including the notes to the consolidated financial statements and
should be read in conjunction with financial information contained in this
interim report.

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

Liquidity and Capital Resources

     As of September 30, 1999, the Partnership had cash and cash equivalents of
$1,908,125. Such amounts represent cash generated from operations and working
capital reserves.

     Rental income from leases with escalating rental rates is accrued using the
straight line method over the related lease terms. At September 30, 1999 and
December 31, 1998, $419,253 and $457,406, respectively, of accounts receivable
related to such accruals. Accounts receivable also consist of tenant
receivables, receivables for rent collected (but not yet remitted to the
Partnership by the property management companies), and interest receivable on
short-term investments. The increase in accounts receivable of $17,857 from
December 31, 1998 to September 30, 1999 is primarily due to an increase in
receivables for rent collected (but not yet remitted to the Partnership by the
property management companies) at Tower Place and Castle Oaks, offset by a
decrease in the receivables described above at Tower Place. As of September 30,
1999 and December 31, 1998, the Partnership had allowances of $1,704 and $8,676
respectively, for uncollectible accounts receivable.

     The decrease of $1,986 in accrued property taxes from December 31, 1998 to
September 30, 1999 is primarily due to the payment of 1998 property taxes for
the Partnership's properties.

     During the three months ended September 30, 1999, the Partnership made Cash
Distributions from Operations totaling $432,046 relating to the three month
period ended June 30, 1999. Subsequent to September 30, 1999, the Partnership
made Cash Distributions from Operations of $432,046 relating to the three months
ended September 30, 1999. The distributed funds were derived from the net cash
flow generated from operations of the Partnership's properties and from interest
earned, net of administrative expenses, on funds invested in short-term money
market instruments.

     Future liquidity is currently expected to result from cash generated from
the operations of the Partnership's properties (which could be affected
negatively in the event of weakened occupancies and/or rental rates), interest
earned on funds invested in short-term money market instruments and ultimately
through the sale of the Partnership's properties.



                                       8
<PAGE>   9

Results of Operations

     Rental income increased $104,839 for the nine months ended September 30,
1999 as compared to the same period in 1998. The following information details
the rental income generated, bad debt expense incurred, and average occupancy
for the periods shown for the Partnership's properties.

<TABLE>
<CAPTION>
                                                          Three Months Ended                      Nine Months Ended
                                                             September 30,                          September 30,
                                                    ------------------------------         --------------------------------
                                                        1999               1998               1999                 1998
                                                    -----------        -----------         ----------          ------------

<S>                                                 <C>                <C>                 <C>                 <C>
Mountain View Plaza Shopping Center
   Rental income                                    $   258,878        $   238,274         $   737,277         $   706,996
   Bad debt expense (recovery)                              -0-                768                (185)              1,278
   Average occupancy                                         97%                98%                 97%                 98%

Castle Oaks Village Shopping Center
   Rental income                                    $   106,261        $   107,847         $   358,849         $   325,644
   Bad debt expense (recovery)                              -0-               (464)                -0-              (1,938)
   Average occupancy                                         87%                92%                 91%                 92%

Tower Place Festival Shopping Center
   Rental income                                    $   448,250        $   434,561         $ 1,374,622         $ 1,333,269
   Bad debt expense (recovery)                              918                 68                 918                (177)
   Average occupancy                                         98%                95%                 98%                 97%
</TABLE>

     Rental income at Mountain View Plaza in Scottsdale, Arizona increased
$30,281 for the nine months ended September 30, 1999 as compared to the same
period in 1998 due to higher tenant reimbursements for real estate taxes and
insurance costs.

     Occupancy at Mountain View averaged 97% during the third quarter, a one
percent decrease from the previous quarter. One tenant who occupied 1,125 square
feet vacated its space upon expiration of its lease. One tenant who occupies
1,127 square feet renewed its lease for three years and a tenant who occupies
1,080 square feet renewed its lease for one year. In September two new light
standards were added to the parking lot in order to increase visibility at
night. Also, management has signed a contract to have all of the tenant signs
replaced with more modern and updated signs which should enhance the appearance
of the shopping center.

     Rental income at Castle Oaks Village in Castle Hills (San Antonio), Texas
increased $33,205 for the nine months ended September 30, 1999 as compared to
the same period in 1998 primarily due to an increase in rental rates, and higher
tenant reimbursements for common area maintenance costs, real estate taxes, and
insurance costs.

     Occupancy at Castle Oaks averaged 87% for the quarter, a five percent
decrease from the previous quarter. One tenant who occupied 1,800 square feet
signed a lease to move to another space which contains 2,990 square feet. This
lease commenced November 1, 1999. Two tenants who occupy a total of 1,755 square
feet renewed their leases for three years and a tenant who occupies 1,800 square
feet renewed its lease for two years. One tenant who occupied 1,800 square feet
vacated its space upon expiration of its lease.

     Rental income at Tower Place Festival in Pineville (Charlotte), North
Carolina increased $41,353 for the nine months ended September 30, 1999 as
compared to the same period in 1998 primarily due to an increase in rental rates
offset by a decrease in tenant reimbursements for common area maintenance costs
and insurance costs. The increase is also due to the receipt of a



                                       9
<PAGE>   10

lease termination fee from a tenant who elected, pursuant to its lease, to
terminate its lease effective October 5, 1999.

     Occupancy at Tower Place averaged 98% for the third quarter, a one percent
decrease from the previous quarter. Two tenants who occupied a total of 2,310
square feet vacated their spaces prior to the expiration of their leases.
Another tenant who occupied 1,400 square feet vacated its space; however this
tenant has indicated it will continue to pay rent according to the terms of its
lease which expires on March 31, 2000. Two tenants who occupy 2,800 square feet
renewed their leases for three years. During the quarter, some of the wood trim
along the fascia of the property was repaired and painted.

     Depreciation is provided over the estimated useful lives of the respective
assets using the straight line method. The estimated useful lives of the
buildings and improvements range from three to twenty-five years.

     Property operating expenses consist primarily of real estate taxes,
property management fees, insurance costs, utility costs, repair and maintenance
costs, leasing and promotion costs, and amortization of deferred leasing costs.
Property operating expenses decreased $9,250 for the nine months ended September
30, 1999 as compared to the same period in 1998 primarily because of lower
repair and maintenance costs and security costs at Tower Place offset by higher
legal fees at Mountain View and higher real estate taxes at each of the
partnership's properties. Mountain View's total operating expenses increased
primarily due to increased legal and professional fees incurred in the rezoning
of the property and an increase in real estate taxes. Castle Oaks' total
operating expenses were flat with increases in real estate taxes and property
management fees offset by decreases in landscaping costs. Tower Place's total
operating expenses decreased due to lower repair and maintenance costs, security
costs and real estate taxes.

     General and administrative expenses incurred are related to legal and
accounting expenses, rent, investor services costs, salaries and benefits and
various other costs required for the administration of the Partnership,
including reimbursements of shared direct operating costs to Murray Income
Properties II, Ltd. General and administrative expenses decreased $2,492 for the
nine months ended September 30, 1999 as compared to the same period in 1998 with
decreases in investor services costs and telephone expenses offset by increases
in salaries and benefits.

     The Partnership recognized that the arrival of the Year 2000 poses a unique
challenge to the ability of its information technology system and
non-information technology systems to recognize the date change from December
31, 1999 to January 1, 2000. As of September 30, 1999 the Partnership has
completed its assessment and made certain changes to provide for continued
functionality of its systems. An assessment of the readiness of the
Partnership's external entities, such as vendors, customers, payment systems and
others is nearing completion and based on information received to date,
management believes its most critical external entities will be operational. Due
to the nature and extent of the Partnership's operations that are effected by
Year 2000 issues, the Partnership does not believe that Year 2000 issues will
have a material adverse effect on the business operation or the financial
performance of the Partnership. There can be no assurance, however, that Year
2000 issues will not adversely affect the Partnership or its business. The
Partnership believes that the cost to make appropriate changes to its internal
and external systems will not be significant and that such costs will be funded
completely through operations.

     Words or phrases when used in the Form 10-Q or other filings with the
Securities and Exchange Commission, such as "does not believe" and "believes",
or similar expressions are intended to identify "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.



                                       10
<PAGE>   11

ITEM 3.       QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

     The Partnership's financial instruments consist of cash and cash
equivalents, accounts receivable, accounts payable, accrued property taxes
payable, and security deposits. The carrying amount of these instruments
approximates fair value due to the short-term nature of these instruments.
Therefore, the Partnership believes it is relatively unaffected by interest rate
changes or other market risks.



                                       11
<PAGE>   12


PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)      Exhibits:

              3a    Agreement of Limited Partnership of Murray Income
                    Properties, Ltd.-84. Reference is made to Exhibit A of the
                    Prospectus dated May 31, 1984 contained in Amendment No. 2
                    to Partnership's Form S-11 Registration Statement. (File
                    No. 2-90016)

              3b    Amended and Restated Certificate and Agreement of Limited
                    Partnership dated as of May 23, 1984. Reference is made to
                    Exhibit 3b to the 1989 Annual Report on Form 10-K filed with
                    the Securities and Exchange Commission on March 31, 1989.
                    (File No.
                    0-14105)

              3c    Amended and Restated Certificate and Agreement of Limited
                    Partnership dated as of June 25, 1984. Reference is made to
                    Exhibit 3c to the 1989 Annual Report on Form 10-K filed with
                    the Securities and Exchange Commission on March 31, 1989.
                    (File No. 0-14105)

              3d    Amended and Restated Certificate and Agreement of Limited
                    Partnership dated as of November 27, 1984. Reference is made
                    to Exhibit 3d to the 1989 Annual Report on Form 10-K filed
                    with the Securities and Exchange Commission on March 31,
                    1989. (File No.
                    0-14105)

              3e    Amended and Restated Certificate and Agreement of Limited
                    Partnership dated as of April 1, 1985. Reference is made to
                    Exhibit 3e to the 1989 Annual Report on Form 10-K filed with
                    the Securities and Exchange Commission on March 31, 1989.
                    (File No.
                    0-14105)

              3f    Amended and Restated Certificate and Agreement of Limited
                    Partnership dated as of November 15, 1989. Reference is made
                    to Exhibit 3f to the 1989 Annual Report on Form 10-K filed
                    with the Securities and Exchange Commission on March 31,
                    1989. (File No.
                    0-14105)

              3g    Amended and Restated Certificate and Agreement of Limited
                    Partnership dated as of January 10, 1990. Reference is made
                    to Exhibit 3g to the 1989 Annual Report on Form 10-K filed
                    with the Securities and Exchange Commission on March 31,
                    1989. (File No.
                    0-14105)

              27    Financial Data Schedule.  Filed herewith.

              99a   Glossary, as contained in the Prospectus dated May 31, 1984
                    filed as part of Amendment No. 2 to Registrant's Form S-11
                    Registration Statement. (File No. 2-90016) Filed herewith.

              99b   Article XIII of the Agreement of Limited Partnership as
                    contained in the Prospectus dated May 31, 1984 filed as part
                    of the Amendment No. 2 to Registrant's Form S-11
                    Registration Statement. (File No. 2-90016) Filed herewith.

              99c   Amendment number nine to the Agreement of Limited
                    Partnership contained in the Proxy Statement dated October
                    11, 1989. Filed herewith.



                                       12
<PAGE>   13

              99d   Management Compensation as contained in the Prospectus
                    (Pages 10 through 17) dated May 31, 1984 filed as part of
                    Amendment No. 2 to Registrant's Form S-11 Registration
                    Statement. (File No. 2-90016) Filed herewith.

     (b)      Reports on Form 8-K filed during the quarter ended September 30,
              1999:

              None




                                       13
<PAGE>   14

                                   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.

                                      MURRAY INCOME PROPERTIES I, LTD.

                                      By:     Murray Realty Investors VIII, Inc.
                                              A General Partner



Date:  November 5, 1999               By:      /s/ Mitchell Armstrong
                                           -------------------------------------
                                              Mitchell Armstrong
                                              President
                                              Chief Financial Officer


<PAGE>   15


                                INDEX TO EXHIBITS


<TABLE>
<CAPTION>
     EXHIBIT
      NUMBER        DESCRIPTION
     -------        -----------

<S>                 <C>
       3a           Agreement of Limited Partnership of Murray Income Properties, Ltd.-84.  Reference is
                    made to Exhibit A of the Prospectus dated May 31, 1984 contained in Amendment No. 2 to
                    Partnership's Form S-11 Registration Statement. (File No. 2-90016)

       3b           Amended and Restated Certificate and Agreement of Limited Partnership dated as of May
                    23, 1984. Reference is made to Exhibit 3b to the 1989 Annual Report on Form 10-K filed
                    with the Securities and Exchange Commission on March 31, 1989. (File No. 0-14105)

       3c           Amended and Restated Certificate and Agreement of Limited Partnership dated as of June
                    25, 1984. Reference is made to Exhibit 3c to the 1989 Annual Report on Form 10-K filed
                    with the Securities and Exchange Commission on March 31, 1989. (File No. 0-14105)

       3d           Amended and Restated Certificate and Agreement of Limited Partnership dated as of
                    November 27, 1984. Reference is made to Exhibit 3d to the 1989 Annual Report on Form
                    10-K filed with the Securities and Exchange Commission on March 31, 1989. (File No.
                    0-14105)

       3e           Amended and Restated Certificate and Agreement of Limited Partnership dated as of April
                    1, 1985. Reference is made to Exhibit 3e to the 1989 Annual Report on Form 10-K filed
                    with the Securities and Exchange Commission on March 31, 1989. (File No. 0-14105)

       3f           Amended and Restated Certificate and Agreement of Limited Partnership dated as of
                    November 15, 1989. Reference is made to Exhibit 3f to the 1989 Annual Report on Form
                    10-K filed with the Securities and Exchange Commission on March 31, 1989. (File No.
                    0-14105)

       3g           Amended and Restated Certificate and Agreement of Limited Partnership dated as of
                    January 10, 1990. Reference is made to Exhibit 3g to the 1989 Annual Report on Form 10-K
                    filed with the Securities and Exchange Commission on March 31, 1989. (File No. 0-14105)

       27           Financial Data Schedule.  Filed herewith.

       99a          Glossary, as contained in the Prospectus dated May 31, 1984 filed as part of Amendment
                    No. 2 to Registrant's Form S-11 Registration Statement.  (File No. 2-90016) Filed
                    herewith.

       99b          Article XIII of the Agreement of Limited Partnership as contained in the Prospectus
                    dated May 31, 1984 filed as part of the Amendment No. 2 to Registrant's Form S-11
                    Registration Statement.  (File No. 2-90016) Filed herewith.

       99c          Amendment number nine to the Agreement of Limited Partnership contained in the Proxy
                    Statement dated October 11, 1989. Filed herewith.

       99d          Management Compensation as contained in the Prospectus (Pages 10 through 17) dated May
                    31, 1984 filed as part of Amendment No. 2 to Registrant's Form S-11 Registration
                    Statement.  (File No. 2-90016) Filed herewith.
</TABLE>