United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549


                                   Form 10-QSB


(Mark One)
[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934


                 For the quarterly period ended June 30, 2002


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


             For the transition period from _________to _________

                         Commission file number 0-14533


             OXFORD RESIDENTIAL  PROPERTIES I LIMITED PARTNERSHIP
       (Exact name of small business issuer as specified in its charter)



          Maryland                                               52-1322906
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                          55 Beattie Place, PO Box 1089
                       Greenville, South Carolina 29602
                   (Address of principal executive offices)


                                 (864) 239-1000
                           (Issuer's telephone number)


<PAGE>

                         PART I - FINANCIAL INFORMATION



ITEM 1.     FINANCIAL STATEMENTS




             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)
                       (in thousands, except unit data)

                                  June 30, 2002

<TABLE>
<CAPTION>


Assets
<S>                                                                            <C>
  Cash and cash equivalents                                                    $ 320
  Receivables and deposits                                                         762
  Restricted escrows                                                               409
  Other assets                                                                     252
  Investment properties:
   Land                                                         $ 3,681
   Buildings and improvements                                     42,177
                                                                  45,858
   Less accumulated depreciation                                 (21,859)       23,999
                                                                              $ 25,742
Liabilities and Partners' (Deficit) Capital
Liabilities
  Accounts payable                                                              $ 84
  Tenant security deposits                                                         145
  Accrued taxes                                                                    276
  Other liabilities                                                                298
  Due to general partner                                                         1,381
  Mortgage notes payable                                                        19,131

Partners' (Deficit) Capital
  General partners                                               $ (943)
  Assignor limited partner                                             1
  Assignee unit holders (25,714 units issued and 23,558
    outstanding)                                                   5,369         4,427
                                                                              $ 25,742

         See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
                       (in thousands, except unit data)
<TABLE>
<CAPTION>

                                                    Three Months Ended      Six Months Ended
                                                         June 30,               June 30,
                                                     2002        2001        2002       2001
Revenues:
<S>                                                <C>         <C>         <C>        <C>
  Rental income                                    $ 2,018     $ 2,097     $ 3,953    $ 4,188
  Other income                                         189         160         347        277
      Total revenues                                 2,207       2,257       4,300      4,465

Expenses:
  Operating                                            820         809       1,648      1,624
  General and administrative                            20          38          42         71
  Depreciation                                         368         437         853        755
  Interest                                             440         429         850        856
  Property taxes                                       272         229         501        453
       Total expenses                                1,920       1,942       3,894      3,759

Income before cumulative effect                        287         315         406        706
Cumulative effect on prior years of a change
  in accounting principle for the cost of
  capital improvements and replacements                 --          --          --      1,120

Net income                                          $ 287       $ 315       $ 406     $ 1,826

Net income allocated to general partners (2%)        $ 6         $ 6         $ 8        $ 36
Net income allocated to limited partner (98%)          281         309         398      1,790

                                                    $ 287       $ 315       $ 406     $ 1,826
Per assignee unit:
  Income before cumulative effect                  $ 11.93     $ 13.12     $ 16.89    $ 29.37
  Cumulative effect on prior years of a change
   in accounting principle for the cost of
   capital improvements and replacements                --          --          --      46.61

Net income                                         $ 11.93     $ 13.12     $ 16.89    $ 75.98

Proforma amounts assuming the new accounting
  principle was applied
  retroactively:
   Net income                                       $ 287       $ 315       $ 406      $ 706
   Net income per assignee unit                    $ 11.93     $ 13.12     $ 16.89    $ 29.37

Distribution per assignee unit                     $ 39.05       $ --      $ 54.12      $ --

         See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

            CONSOLIDATED STATEMENT OF PARTNERS' (DEFICIT) CAPITAL
                                   (Unaudited)
                                (in thousands)

<TABLE>
<CAPTION>


                                Assignee   General      Assignor        Assignee
                                 Units    Partners   Limited Partner  Unit Holders     Total

Partners' (deficit) capital
<S>           <C> <C>            <C>       <C>             <C>           <C>          <C>
  at December 31, 2001           23,558    $ (951)         $ 1           $ 6,246      $ 5,296

Distributions to partners            --        --             --          (1,275)      (1,275)

Net income for the six
  months ended June 30, 2002         --         8             --             398          406

Partners' (deficit) capital
  at June 30, 2002               23,558    $ (943)         $ 1           $ 5,369      $ 4,427

         See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                (in thousands)
<TABLE>
<CAPTION>

                                                                  Six Months Ended
                                                                        June 30,
                                                                  2002        2001
Cash flows from operating activities:
<S>                                                              <C>         <C>
  Net income                                                     $ 406       $ 1,826
  Adjustments to reconcile net income to net cash
   provided by operating activities:
     Depreciation                                                   853          755
     Amortization of loan costs                                      34           32
     Cumulative effect on prior years of a change in
      accounting principle for the costs of capital
      improvements and replacements                                  --       (1,120)
     Changes in assets and liabilities:
      Receivables and deposits                                     (153)         (82)
      Other assets                                                  (56)         (56)
      Accounts payable                                             (159)         409
      Tenant security deposits                                      (25)          (6)
      Due to general partner                                        130           78
      Accrued property tax                                          120          139
      Other liabilities                                              64          193
          Net cash provided by operating activities               1,214        2,168

Cash flows from investing activities:
  Property improvements and replacements                           (291)        (928)
  Net withdrawals from restricted escrows                           132           56
          Net cash used in investing activities                    (159)        (872)

Cash flows from financing activities:
  Payments on mortgage notes payable                               (262)        (242)
  Distributions to partners                                      (1,275)      (1,150)
  Repayment of loan from affiliate                                 (199)          --
  Advances from affiliate                                            --          242
          Net cash used in financing activities                  (1,736)      (1,150)

Net (decrease) increase in cash and cash equivalents               (681)         146
Cash and cash equivalents at beginning of period                  1,001        1,599

Cash and cash equivalents at end of period                       $ 320       $ 1,745

Supplemental disclosure of cash flow information:
  Cash paid for interest                                         $ 804        $ 816

At December 31, 2000, distributions of approximately $1,150,000 were accrued and
paid during the six months ended June 30, 2001.

         See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note A - Financial Statements

The  accompanying   unaudited   consolidated   financial  statements  of  Oxford
Residential  Properties I Limited  Partnership (the "Partnership" or "ORP") have
been prepared in accordance with generally  accepted  accounting  principles for
interim financial  information and with the instructions to Form 10-QSB and Item
310(b)  of  Regulation  S-B.  Accordingly,  they  do  not  include  all  of  the
information and footnotes required by generally accepted  accounting  principles
for  complete  financial  statements.  In  the  opinion  of  Oxford  Residential
Properties I Corporation  (the  "Managing  General  Partner"),  all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation have been included.  Operating results for the three and six months
ended June 30, 2002, are not  necessarily  indicative of the results that may be
expected for the fiscal year ending December 31, 2002. For further  information,
refer to the consolidated financial statements and footnotes thereto included in
the  Partnership's  Annual  Report on Form  10-KSB  for the  fiscal  year  ended
December 31, 2001.  The  Managing  General  Partner is an affiliate of Apartment
Investment  and  Management  Company  ("AIMCO"),  a publicly  traded real estate
investment trust.

Certain  reclassifications  have been made to the 2001 amounts to conform to the
2002 presentation.

Note B - Transactions with Affiliates

The Partnership has no directors or officers.  The Managing  General Partner and
its affiliates do not receive any direct compensation,  but receive fees and are
reimbursed  by ORP  for  any  actual  direct  costs  and  expenses  incurred  in
connection with the operation of the Partnership.

Expense  reimbursements are for an affiliate's  personnel costs, travel expenses
and  interest  on  interim  working  capital  advances,  which  are not  covered
separately by fees. Total reimbursements to the Managing General Partner and its
affiliates  for the six  month  periods  ended  June  30,  2002  and  2001,  was
approximately  $21,000  and  $11,000,   respectively,   for  administrative  and
accounting related costs.

During the six months ended June 30, 2002, an affiliate of the Managing  General
Partner  received   approximately  $14,000  for  fees  related  to  construction
management  services.  There were no such fees during the six months  ended June
30, 2001. The  construction  management  service fees are calculated  based on a
percentage of current year additions to the investment properties.

Under  the  Property  Management  Agreement  with NHP  Management  Company,  the
management fee is equal to 5% of gross collections for all properties;  however,
40% of this fee is subordinated until certain distribution  preference levels to
the Assignee  Unit  Holders are  achieved.  Total  property  management  fees of
approximately  $217,000  and $214,000 for the six months ended June 30, 2002 and
2001,  respectively,  were  charged to expense  and are  included  in  operating
expense on the consolidated statement of operations. Property management fees of
approximately  $85,000  for the six month  period  ended June 30, 2002 have been
deferred and are included in other liabilities on the accompanying  consolidated
balance sheet.

Beginning in 2001, the  Partnership  began insuring its properties up to certain
limits through coverage provided by AIMCO which is generally  self-insured for a
portion of losses and  liabilities  related  to workers  compensation,  property
casualty and vehicle liability. The Partnership insures its properties above the
AIMCO  limits  through  insurance  policies  obtained  by  AIMCO  from  insurers
unaffiliated with the Managing General Partner. During the six months ended June
30,  2002 and 2001,  the  Partnership  was  charged by AIMCO and its  affiliates
approximately  $116,000 and $123,000,  respectively,  for insurance coverage and
fees associated with policy claims administration.

Note C - Change in Accounting Principle

Effective  January 1, 2001,  the four  properties  comprising  the ORP portfolio
changed their thresholds for capitalizing expenditures for certain enhancements,
replacements and  improvements to the investment real estate,  and changed their
method of accounting to capitalize  expenditures  for certain  replacements  and
improvements,  such as asphalt paving,  major landscaping,  common area interior
and exterior  painting.  Management  believes  that these  accounting  principle
changes are preferable  because they provide a better  matching of expenses with
the  related  benefit  of the  expenditures  and are  consistent  with  industry
practice  and policies of the Managing  General  Partner.  During the six months
ended  June  30,  2001,  ORP  recognized  a  cumulative   effect  adjustment  of
approximately  $1,120,000,  which is the result of applying the  afore-mentioned
change in accounting  principles  retroactively to prior periods. The accounting
principle  changes  will not have an effect on cash flow,  funds  available  for
distribution or fees payable to the Managing General Partner and affiliates.

Note D - Casualty Event

The Landings  Apartments  suffered damage from a fire in April 2001. Repair work
has been completed,  however,  the cost of the repairs is being disputed between
the contractor and the insurance company.  The Partnership is unable to estimate
the reimbursable cost of the repairs or the insurance  proceeds to ultimately be
received  as of June 30,  2002  and,  therefore,  the  Partnership  is unable to
estimate any gain or loss relating to this casualty.  The consolidated financial
statements do not include any adjustments which might result from the outcome of
this contingency.

<PAGE>

ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The  matters  discussed  in this Form  10-QSB  contain  certain  forward-looking
statements  and  involve  risks and  uncertainties  (including  changing  market
conditions,   competitive  and  regulatory   matters,   etc.)  detailed  in  the
disclosures  contained  in this  Form  10-QSB  and the  other  filings  with the
Securities and Exchange Commission made by the Registrant from time to time. The
discussions of the  Registrant's  business and results of operations,  including
forward-looking  statements  pertaining  to such  matters,  does not  take  into
account the effects of any changes to the  Registrant's  business and results of
operations.  Accordingly,  actual  results  could differ  materially  from those
projected in the forward-looking  statements as a result of a number of factors,
including those identified herein.

The Partnership's investment properties consist of four apartment complexes. The
following  table sets forth the average  occupancy of the properties for the six
months ended June 30, 2002 and 2001:

                                                   Average Occupancy
      Property                                      2002       2001

      The Landings Apartments (1)                   93%        89%
        Indianapolis, Indiana
      Shadow Oaks Apartments                        95%        93%
        Tampa, Florida
      Raven Hill Apartments (2)                     92%        98%
        Burnsville, Minnesota
      Fairlane East Apartments (3)                  90%        96%
        Dearborn, Michigan

(1)   The Managing General Partner  attributes the increase in average occupancy
      at The  Landings  Apartments  to units  damaged  in a fire in  April  2001
      becoming available to lease in 2002, as repairs have been completed.

(2)   The Managing General Partner  attributes the decrease in average occupancy
      at Raven Hill  Apartments  to the  availability  of new homes and low home
      mortgage interest rates.

(3)   The Managing General Partner  attributes the decrease in average occupancy
      at Fairlane  East  Apartments  to job  layoffs by a major  employer in the
      area.

Results of Operations

The  Partnership's  net income for the three and six months  ended June 30, 2002
was approximately $287,000 and $406,000, respectively, as compared to net income
for the three and six months ended June 30, 2001 of  approximately  $315,000 and
$1,826,000,  respectively.  The  decrease in net income for the six months ended
June 30, 2002 is primarily due to the recognition of approximately $1,120,000 in
2001 of a cumulative  effect on prior years of a change in accounting  principle
as discussed below.

Income  before the  cumulative  effect on prior years of a change in  accounting
principle was  approximately  $287,000 and $406,000 for the three and six months
ended June 30,  2002,  respectively,  as  compared to income  before  cumulative
effect of approximately $315,000 and $706,000 for the three and six months ended
June 30, 2001, respectively. The decrease in income before the cumulative effect
for the six months  ended June 30, 2002 was due to a decrease in total  revenues
and an increase in total expenses.  The decrease in income before the cumulative
effect for the three  months  ended June 30, 2002 was due to a decrease in total
revenues partially offset by a decrease in total expenses.

The  decrease in total  revenues for both of the three and six months ended June
30, 2002 is primarily due to a decrease in rental income  partially offset by an
increase in other  income.  The decrease in rental  income is primarily due to a
decrease in occupancy at Raven Hill and Fairlane East  Apartments and a decrease
in the average  rental rate at The  Landings,  Shadow Oaks,  and  Fairlane  East
Apartments.  The  increase in other  income is  primarily  due to an increase in
utilities reimbursements and late charges at all of the Partnership's investment
properties  partially  offset by a  decrease  in  interest  income  due to lower
balances on deposit in interest bearing accounts at all properties.

The  increase  in total  expenses  for the six months  ended  June 30,  2002 was
primarily due to increases in operating, property tax, and depreciation expenses
partially  offset by a decrease  in general  and  administrative  expenses.  The
increase in  operating  expense is  primarily  due to  increases in property and
insurance  expenses.  The  increase in property  expense  was due  primarily  to
increases  in salary  and  benefits  related  costs  primarily  at The  Landings
Apartments  and Raven Hill  Apartments.  The increase in property tax expense is
due to an increase in the assessed  value of Fairlane East  Apartments and Raven
Hill  Apartments.  The  increase in  insurance  expense is  primarily  due to an
increase in premiums at Fairlane East  Apartments.  The increase in depreciation
expense is due to fixed asset  additions  during the prior  twelve  months being
placed into service.  The decrease in general and administrative  expense is due
to decreases in the costs associated with the management of the Partnership.

The  decrease in total  expenses  for the three  months  ended June 30, 2002 was
primarily due to decreases in general and administrative  expenses, as discussed
above,  and  depreciation  expense  partially offset by an increase in operating
expenses,  as discussed above. The decrease in depreciation expense is primarily
due to the timing of assets becoming fully depreciated.

Effective  January 1, 2001,  the four  properties  comprising  the ORP portfolio
changed their thresholds for capitalizing expenditures for certain enhancements,
replacements and  improvements to the investment real estate,  and changed their
method of accounting to capitalize  expenditures  for certain  replacements  and
improvements,  such as asphalt paving,  major landscaping,  common area interior
and exterior  painting.  Management  believes  that these  accounting  principle
changes are preferable  because they provide a better  matching of expenses with
the  related  benefit  of the  expenditures  and are  consistent  with  industry
practice  and policies of the Managing  General  Partner.  During the six months
ended  June  30,  2001,  ORP  recognized  a  cumulative   effect  adjustment  of
approximately  $1,120,000,  which is the result of applying the  afore-mentioned
change in accounting  principles  retroactively to prior periods. The accounting
principle  changes  will not have an effect on cash flow,  funds  available  for
distribution or fees payable to the Managing General Partner and affiliates.

As part of the ongoing  business plan of the  Partnership,  the Managing General
Partner monitors the rental market  environment of its investment  properties to
assess the feasibility of increasing rents,  maintaining or increasing occupancy
levels and protecting  the  Partnership  from increases in expenses.  As part of
this plan, the Managing General Partner attempts to protect the Partnership from
the burden of  inflation-related  increases in expenses by increasing  rents and
maintaining a high overall  occupancy  level.  However,  due to changing  market
conditions,  which  can  result  in the use of  rental  concessions  and  rental
reductions to offset softening market conditions, there is no guarantee that the
Managing General Partner will be able to sustain such a plan.

Liquidity and Capital Resources

At June 30, 2002, the Partnership had cash and cash equivalents of approximately
$320,000 compared to approximately  $1,745,000 at June 30, 2001. The decrease in
cash and cash  equivalents  for the six  months  ended  June 30,  2002  from the
Partnership's  year ended  December 31, 2001 was  approximately  $681,000.  This
decrease is due to approximately $1,736,000 of cash used in financing activities
and approximately $159,000 of cash used in investing activities partially offset
by approximately $1,214,000 of cash provided by operating activities.  Cash used
in  financing  activities  consisted  of  distributions  paid  to the  partners,
repayment of advances  from an affiliate  of the  Managing  General  Partner and
principal payments on the mortgages encumbering the investment properties.  Cash
used in investing  activities consisted of capital improvements and replacements
partially  offset by net withdrawals from restricted  escrows  maintained by the
mortgage lender. The Partnership invests its working capital in interest bearing
accounts.

The sufficiency of existing  liquid assets to meet future  liquidity and capital
expenditure   requirements   is  directly   related  to  the  level  of  capital
expenditures  required at the  properties  to  adequately  maintain the physical
assets and other  operating needs of the Partnership and to comply with Federal,
state and local legal and regulatory requirements.  Capital improvements planned
for each of the Partnership's properties are detailed below.

The Landings Apartments

Approximately $50,000 has been budgeted for 2002 for capital improvements at The
Landings Apartments consisting primarily of floor covering replacements, heating
and air conditioning  replacements and structural  improvements.  During the six
months ended June 30, 2002, the Partnership  completed  approximately $63,000 of
budgeted  and  unbudgeted  capital  improvements  at  The  Landings  Apartments,
consisting primarily of floor covering  replacement,  water heater replacements,
structural improvements,  interior decoration,  cabinets,  office computers, and
plumbing improvements.  These improvements were funded from operating cash flow.
Additional  capital  improvements  may be  considered  and  will  depend  on the
physical  condition  of the  property  as  well  as the  anticipated  cash  flow
generated by the property and replacement reserves.

Shadow Oaks Apartments

Approximately  $129,000 has been budgeted for 2002 for capital  improvements  at
Shadow Oaks  Apartments  consisting  primarily of floor  covering  replacements,
appliances,  sprinkler  system,  water heaters,  light fixtures,  and structural
improvements.  During  the six  months  ended  June 30,  2002,  the  Partnership
completed   approximately  $108,000  of  capital  improvements  at  Shadow  Oaks
Apartments,  consisting primarily of exterior painting, major landscaping, light
fixtures, and floor covering  replacements.  These improvements were funded from
operating cash flow.  Additional capital improvements may be considered and will
depend on the physical condition of the property as well as the anticipated cash
flow generated by the property and replacement reserves.

Raven Hill Apartments

Approximately  $115,000 has been budgeted for 2002 for capital  improvements  at
Raven Hill Apartments consisting primarily of floor covering  replacements,  air
conditioning replacements,  appliances, and fire safety enhancements. During the
six months ended June 30, 2002, the Partnership completed  approximately $57,000
of capital improvements at Raven Hill Apartments,  consisting primarily of floor
covering replacement,  appliances,  electrical breakers,  and plumbing fixtures.
These  improvements  were funded from  operating cash flow.  Additional  capital
improvements may be considered and will depend on the physical  condition of the
property as well as the  anticipated  cash flow  generated  by the  property and
replacement reserves.

Fairlane East Apartments

Approximately  $148,000 has been budgeted for 2002 for capital  improvements  at
Fairlane East Apartments  consisting  primarily of floor covering  replacements,
appliances,  electrical,  fire safety enhancement,  and structural improvements.
During  the  six  months  ended  June  30,  2002,  the   Partnership   completed
approximately  $63,000 of capital  improvements  at  Fairlane  East  Apartments,
consisting  primarily  of  appliance  and  floor  covering   replacements,   air
conditioning, drapes and miniblinds, and interior decoration. These improvements
were  funded  from  operating  cash flow and  replacement  reserves.  Additional
capital improvements may be considered and will depend on the physical condition
of the property as well as the  anticipated  cash flow generated by the property
and replacement reserves.

The additional  capital  expenditures will be incurred only if cash is available
from operations or from Partnership  reserves.  To the extent that such budgeted
capital improvements are completed,  the Partnership's  distributable cash flow,
if any, may be adversely affected at least in the short term.

The  Partnership's  assets  are  currently  thought  to be  sufficient  for  any
near-term needs  (exclusive of capital  improvements)  of the  Partnership.  The
mortgage indebtedness of approximately  $19,131,000 is amortized over 120 months
with required  balloon  payments of  approximately  $18,175,000 due in 2004. The
Managing General Partner will attempt to refinance such indebtedness and/or sell
the  properties  prior  to such  maturity  date.  If the  properties  cannot  be
refinanced or sold for a sufficient amount, the Partnership will risk losing the
properties through foreclosure.

The Partnership  distributed  the following  amounts during the six months ended
June 30, 2002 and 2001 (in thousands, except per unit data):
<TABLE>
<CAPTION>

                      Six Months      Per Limited       Six Months      Per Limited
                        Ended         Partnership         Ended         Partnership
                    June 30, 2002         Unit        June 30, 2001         Unit

<S>                     <C>              <C>               <C>              <C>
Operations              $1,275           $54.12            $ --             $ --
</TABLE>

The  Partnership's  cash  available  for  distribution  is reviewed on a monthly
basis. Future cash distributions will depend on the levels of net cash generated
from  operations,  the  availability  of cash  reserves,  and the timing of debt
maturities,  refinancings  and/or  property  sales.  There can be no  assurance,
however,  that the Partnership  will generate  sufficient  funds from operations
after  required  capital  improvements  to permit further  distributions  to its
partners during the remainder of 2002 or subsequent periods.

Other

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO  and its  affiliates  owned  13,217  Assignee  Units  in the
Partnership representing 56.10% of the outstanding units at June 30, 2002. It is
possible that AIMCO or its affiliates will acquire additional  Assignee Units in
the  Partnership  in exchange for cash or a combination of cash and units in the
operating  partnership  of AIMCO  either  through  private  purchases  or tender
offers. Under the terms of ORP's Partnership Agreement, limited partners holding
a majority of the  Assignee  Units are entitled to take action with respect to a
variety of matters,  which would include without  limitation,  voting on certain
amendments  to the  Partnership  Agreement  and  voting to remove  the  Managing
General  Partner.  As a result of its  ownership  of  56.10% of the  outstanding
Assignee Units, AIMCO is in a position to control all such voting decisions with
respect to the Partnership. Although the Managing General Partner owes fiduciary
duties to the limited partners of the Partnership,  the Managing General Partner
also owes fiduciary duties to AIMCO as its sole  stockholder.  As a result,  the
duties of the Managing  General Partner,  as managing  general  partner,  to the
Partnership  and its limited  partners may come into conflict with the duties of
the Managing General Partner to AIMCO, as its sole stockholder.

Critical Accounting Policies and Estimates

The consolidated financial statements are prepared in accordance with accounting
principles generally accepted in the United States which require the Partnership
to  make  estimates  and  assumptions.  The  Partnership  believes  that  of its
significant  accounting  policies,  the following may involve a higher degree of
judgment and complexity.

Impairment of Long-Lived Assets

Investment  properties  are  recorded at cost,  less  accumulated  depreciation,
unless  considered  impaired.  If  events  or  circumstances  indicate  that the
carrying  amount of a property may be  impaired,  the  Partnership  will make an
assessment of its  recoverability  by estimating  the  undiscounted  future cash
flows,  excluding  interest  charges,  of the property.  If the carrying  amount
exceeds the aggregate  future cash flows,  the  Partnership  would  recognize an
impairment  loss to the extent the carrying amount exceeds the fair value of the
property.

Real  property  investments  are  subject  to varying  degrees of risk.  Several
factors  may  adversely  affect  the  economic  performance  and  value  of  the
Partnership's  investment  properties.  These  factors  include  changes  in the
national,  regional and local economic  climate;  local  conditions,  such as an
oversupply  of  multifamily   properties;   competition   from  other  available
multifamily  property  owners and changes in market  rental  rates.  Any adverse
changes in these factors could cause an impairment in the Partnership's assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
Rental income  attributable to leases is recognized monthly as it is earned. The
Partnership will offer rental concessions during  particularly slow months or in
response  to  heavy  competition  from  other  similar  complexes  in the  area.
Concessions are charged to income as incurred.



<PAGE>


                           PART II - OTHER INFORMATION



ITEM 3.     EXHIBITS AND REPORTS ON FORM 8-K

            a)    Exhibits:

                  Exhibit 3.1, Amended and Restated Agreement and Certificate of
                  Limited Partnership (incorporated by reference to Exhibit A of
                  the Prospectus of the Partnership, dated May 24, 1985).

                  Exhibit 99,  Certification  of Chief  Executive  Officer and
                  Chief Financial Officer.

            b) Reports on Form 8-K filed during the quarter ended June 30, 2002:

                  None.




<PAGE>




                                   SIGNATURES



In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                              OXFORD   RESIDENTIAL    PROPERTIES   I   LIMITED
                              PARTNERSHIP


                              By:   Oxford Residential Properties I Corporation
                                    Managing General Partner


                              By:   /s/Patrick J. Foye
                                    Patrick J. Foye
                                    Executive Vice President


                              By:   /s/Thomas C. Novosel
                                    Thomas C. Novosel
                                    Senior Vice President
                                    and Chief Accounting Officer


                              Date: August 14, 2002



<PAGE>


Exhibit 99


                          Certification of CEO and CFO
                     Pursuant to 18 U.S.C. Section 1350,
                            As Adopted Pursuant to
                Section 906 of the Sarbanes-Oxley Act of 2002



In  connection  with the Quarterly  Report on Form 10-QSB of Oxford  Residential
Properties I Limited Partnership (the  "Partnership"),  for the quarterly period
ended June 30, 2002 as filed with the Securities and Exchange  Commission on the
date hereof (the  "Report"),  Patrick J. Foye,  as the  equivalent  of the Chief
Executive Officer of the Partnership,  and Paul J. McAuliffe,  as the equivalent
of the Chief  Financial  Officer  of the  Partnership,  each  hereby  certifies,
pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

      (1)   The Report fully complies with the  requirements of Section 13(a) or
            15(d) of the Securities Exchange Act of 1934; and

      (2)   The  information  contained in the Report  fairly  presents,  in all
            material respects, the financial condition and results of operations
            of the Partnership.


                                    /s/  Patrick J. Foye
                                    Name:  Patrick J. Foye
                                    Date:  August 14, 2002


                                    /s/  Paul J. McAuliffe
                                    Name:  Paul J. McAuliffe
                                    Date:  August 14, 2002


This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002, be deemed filed by the  Partnership for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.