FORM 10-QSB--QUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                        Quarterly or Transitional Report



                   U.S. Securities and Exchange Commission
                             Washington, D.C. 20549


                                   Form 10-QSB


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


                 For the quarterly period ended June 30, 2001


[ ]   TRANSITION REPORT PURSUANT TO 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)



Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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>



                         PART I - FINANCIAL INFORMATION



ITEM 1.     FINANCIAL STATEMENTS


a)

             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

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

                                  June 30, 2001

<TABLE>
<CAPTION>


Assets
<S>                                                                           <C>
  Cash and cash equivalents                                                   $ 1,745
  Tenant security deposits                                                         134
  Deferred costs, net of amortization of $2,758                                    159
  Other assets                                                                   1,368
  Investment properties:
   Land                                                         $ 3,681
   Buildings and improvements                                     40,867
                                                                  44,548
   Less accumulated depreciation                                 (20,043)       24,505
                                                                              $ 27,911
Liabilities and Partners' (Deficit) Capital
Liabilities
  Accounts payable and accrued expenses                                       $ 1,167
  Tenant security deposits                                                         190
  Other liabilities                                                              1,122
  Due to general partner                                                           242
  Mortgage notes payable                                                        19,645

Partners' (Deficit) Capital
  General partners                                               $ (954)
  Assignor limited partner                                             1
  Assignee unit holders (23,558 units outstanding)                 6,498         5,545
                                                                              $ 27,911

         See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

b)
             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,
                                                   2001       2000        2001       2000
Revenues:
<S>                                              <C>         <C>        <C>         <C>
  Rental income                                  $ 2,097     $ 2,035    $ 4,188     $ 3,982
  Other income                                       160         103        277         187
      Total revenues                               2,257       2,138      4,465       4,169

Expenses:
  Operating                                          809         805      1,624       1,561
  Property taxes                                     229         229        453         405
  Interest                                           429         432        856         867
  Depreciation                                       437         337        755         647
  General and administrative                          38          41         71          86
       Total expenses                              1,942       1,844      3,759       3,566

Income before cumulative effect                      315         294        706         603
Cumulative effect on prior years of a change
  in accounting principle for the cost of
  capital improvements and replacements               --          --      1,120          --

Net income                                        $ 315       $ 294     $ 1,826      $ 603

Net income allocated to general partner (2%)       $ 6         $ 6        $ 36       $ 12
Net income allocated to limited partner (98%)        309         288      1,790         591

                                                  $ 315       $ 294     $ 1,826      $ 603
Per assignee unit:
  Income before cumulative effect                $ 13.12     $ 12.21    $ 29.37     $ 25.03
  Cumulative effect on prior years of a change
   in accounting principle for the cost of
   capital improvements and replacements              --          --      46.61          --

Net income                                       $ 13.12     $ 12.21    $ 75.98     $ 25.03

Weighted average number of assignee units
  outstanding                                     23,558      23,583     23,558      23,611

Proforma amounts assuming the new accounting
  principle was applied retroactively:
   Net income                                     $ 315       $ 315      $ 706       $ 597
   Net income per limited partnership unit       $ 13.12     $ 13.10    $ 29.37     $ 24.78

         See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

c)

             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

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

<TABLE>
<CAPTION>

                                                    Limited Partners' Interests

                                     General        Assignee        Assignor
                                     Partners     Unit Holders   Limited Partner    Total

Partners' (deficit) capital
<S>           <C> <C>                 <C>             <C>            <C>           <C>
  at December 31, 2000                $ (990)         $ 1            $ 4,708       $ 3,719

Net income for the six
  months ended June 30, 2001              36             --            1,790         1,826

Partners' (deficit) capital
  at June 30, 2001                    $ (954)         $ 1            $ 6,498       $ 5,545

         See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>

d)
             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

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

                                                                  Six Months Ended
                                                                        June 30,
                                                                  2001        2000
Cash flows from operating activities:
<S>                                                             <C>           <C>
  Net income                                                    $ 1,826       $ 603
  Adjustments to reconcile net income to net cash
   provided by operating activities:
     Depreciation                                                   755          647
     Amortization of loan costs                                      32           33
     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:
      Tenant security deposits liability                             (6)          22
      Tenant security deposits                                       62          (22)
      Other assets                                                 (200)         (25)
      Accounts payable and accrued expenses                         734          (27)
      Other liabilities                                              85           81
          Net cash provided by operating activities               2,168        1,312

Cash flows from investing activities:
  Working capital reserve                                            --           22
  Net withdrawals from (deposits to) restricted escrows              56          (94)
  Capital improvements and replacements                            (928)        (202)
          Net cash used in investing activities                    (872)        (274)

Cash flows from financing activities:
  Distributions paid                                             (1,150)        (355)
  Payments on mortgage notes payable                               (242)        (222)
  Due to general partner                                            242           --
  Purchase of assignee units                                         --          (60)
          Net cash used in financing activities                  (1,150)        (637)

Net increase in cash and cash equivalents                           146          401
Cash and cash equivalents at beginning of period                  1,599        1,322

Cash and cash equivalents at end of period                      $ 1,745      $ 1,723

Supplemental disclosure of cash flow information:
  Cash paid for interest                                         $ 816        $ 834

Supplemental disclosure of non-cash activity:
  Distribution payable                                            $ --        $ 353

         See Accompanying Notes to Consolidated Financial Statements
</TABLE>


<PAGE>

e)

             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, 2001, are not  necessarily  indicative of the results that may be
expected for the fiscal year ending December 31, 2001. For further  information,
refer to the consolidated financial statements and footnotes thereto included in
the Partnership's  Annual Report on Form 10-K for the fiscal year ended December
31, 2000. The Managing  General Partner is an affiliate of Apartment  Investment
and Management Company ("AIMCO"), a publicly traded real estate investment trust
(see "Note B - Transfer of Control").

For financial  reporting  purposes,  the net income per assignee unit of limited
partnership of ORP ("Assignee Unit") has been calculated by dividing the portion
of the  Partnership's net income allocable to Assignee Unit Holders (98%) by the
weighted average of Assignee Units outstanding.  In all computations of earnings
per Assignee Unit, the weighted average of Assignee Units outstanding during the
period constitutes the basis for the net income amounts per Assignee Unit on the
consolidated statements of operations.

Certain  reclassifications  have been made to the 2000 amounts to conform to the
2001 presentation.

Note B - Transfer of Control

On September 20, 2000,  AIMCO acquired 100% ownership  interest in Oxford Realty
Financial  Group,  Inc.  ("ORFG"),  the sole shareholder of the Managing General
Partner,  as well as other  interests in various Oxford  entities.  As a result,
AIMCO controls the Managing  General Partner and thereby controls the management
of ORP and its four investment properties.  In addition, in connection with this
transaction,  AIMCO acquired 4,997  assignee units or  approximately  21% of ORP
through an ORFG  affiliate.  The Managing  General Partner does not believe that
this  transaction  has had or will have a  material  effect on the  affairs  and
operations of the Partnership.

Note C - 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  period ended June 30,  2001,  were  approximately
$11,000 for administrative and accounting related costs, compared to $29,000 for
the same period in 2000.

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 Limited  Partners or Assignee  Unit  Holders are  achieved.  Total  property
management fees of approximately  $214,000 and $203,000 for the six months ended
June 30, 2001 and 2000,  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,
2001  have  been  deferred  and  are  included  in  other   liabilities  on  the
accompanying consolidated balance sheet.

In accordance with the Partnership  Agreement,  the Managing General Partner has
loaned the Partnership  funds to cover operational  expenses.  At June 30, 2001,
the amount of the outstanding  loans and accrued interest for the funds to cover
operational  expenses  was  approximately  $242,000  and are  included in Due to
General  Partner.  Interest  is  charged  at the prime  rate  plus 2%.  Interest
expenses was approximately  $2,000 and $8,000 for the three and six months ended
June 30, 2001, respectively, and is included in interest expense.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership, AIMCO and its affiliates currently own 11,152 Assignee Units in the
Partnership  representing  approximately  47.34% of the outstanding units. It is
possible that AIMCO or its affiliates will acquire additional Assignee Units for
cash or in  exchange  for 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 approximately 47.34% of the outstanding Assignee Units, AIMCO is in
a position to  significantly  influence all voting decisions with respect to the
Partnership.  When voting on matters,  AIMCO  would in all  likelihood  vote the
Units it acquired in a manner  favorable to the interest of the Managing General
Partner because of its affiliation with the Managing General Partner.

Note D - Segment Reporting

Statement of Financial Standards ("SFAS") No. 131, "Disclosure about Segments of
an Enterprise and Related  Information"  established  standards for the way that
public business  enterprises  report  information  about  operating  segments in
annual financial  statements and requires that those enterprises report selected
information  about  operating  segments in interim  financial  reports.  It also
established  standards  for related  disclosures  about  products and  services,
geographic  areas,  and  major  customers.  As  defined  in SFAS  No.  131,  the
Partnership  has only one  reportable  segment.  The  Managing  General  Partner
believes that  segment-based  disclosures  will not result in a more  meaningful
presentation than the consolidated financial statements as currently presented.

Note E - Distributions

During the six months ended June 30, 2001, the  Partnership  paid a distribution
of  $1,150,000  to  the  limited  partners  ($48.82  per  assignee  unit).  This
distribution  was accrued as of December 31,  2000.  During the six months ended
June 30, 2000, the  Partnership  paid a distribution  of $355,000 to the limited
partners  ($15.00  per  assignee  unit).  This  distribution  was  accrued as of
December 31,  1999.  The  Partnership  declared  and accrued a  distribution  of
$353,000 to the limited partners ($15.00 per assignee unit) as of June 30, 2000.

Note F - 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.  In the first quarter of
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.

<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, 2001 and 2000:

                                                   Average Occupancy
      Property                                      2001       2000

      The Landings Apartments                       89%        91%
        Indianapolis, Indiana
      Shadow Oaks Apartments                        93%        95%
        Tampa, Florida
      Raven Hill Apartments                         98%        98%
        Burnsville, Minnesota
      Fairlane East Apartments                      96%        95%
        Dearborn, Michigan

Results of Operations

The  Partnership's  net income for the three and six months  ended June 30, 2001
was  approximately  $315,000 and  $1,826,000,  respectively,  as compared to net
income  for the  three  and six  months  ended  June 30,  2000 of  approximately
$294,000  and  $603,000,  respectively.  The  increase in net income for the six
months ended June 30, 2001 is primarily due to the recognition of  approximately
$1,120,000  of a  cumulative  effect on prior  years' of a change in  accounting
principle.  Income  before the  cumulative  effect on prior years of a change in
accounting  principle was approximately  $315,000 and $706,000 for the three and
six  months  ended  June 30,  2001,  respectively,  as  compared  to  income  of
approximately  $294,000 and $603,000 for the three and six months ended June 30,
2000,  respectively.  The increase in income  before the  cumulative  effect was
primarily due to an increase in total revenues  partially  offset by an increase
in total expenses.

The increase in total  revenues is due to an increase in rental income and other
income.  The  increase  in rental  income is due to an  increase  in the average
rental  rates  for all of the  Partnership's  investment  properties  which  was
partially  offset by the decrease in occupancy  at The Landings  Apartments  and
Shadow Oaks  Apartments.  The increase in other  income is  primarily  due to an
increase  in  varuous  tenant  charges  at all of the  Partnership's  investment
properties and an increase in interest income as a result of higher average cash
balances held in interest bearing accounts.

The  increase  in total  expenses  for the three  months  ended June 30, 2001 is
primarily  due to an increase in  depreciation  expense.  The  increase in total
expenses for the six months ended June 30, 2001 is primarily  due to an increase
in operating,  property tax and depreciation expenses. The increase in operating
expenses  is  primarily  due to an  increase  in total  utilities  at Raven Hill
Apartments,  especially for natural gas. The increase in property tax expense is
primarily due to an increase in the  assessment  value of Raven Hill  Apartments
for 2001, the receipt of refunds during 2000 for prior years pertaining to Raven
Hill and The Landings Apartments,  and the timing of the receipt of property tax
billings for The Landings Apartments which affected the recording of the accrual
at both  June 30,  2001 and  2000.  The  increase  in  depreciation  expense  is
primarily due to the change in accounting principle as discussed below.

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.  In the first quarter of
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 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  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 General Partner will
be able to sustain such a plan.

Liquidity and Capital Resources

At June 30, 2001, the Partnership had cash and cash equivalents of approximately
$1,745,000  compared to approximately  $1,723,000 at June 30, 2000. The increase
in cash and cash  equivalents  for the six months  ended June 30,  2001 from the
Partnership's  year ended  December 31, 2000 was  approximately  $146,000.  This
increase  is due to  approximately  $2,168,000  of cash  provided  by  operating
activities  partially  offset  by  approximately  $1,150,000  of  cash  used  in
financing  activities  and  approximately  $872,000  of cash  used in  investing
activities. Cash used in financing activities consisted of distributions paid to
the partners and principal payments on the mortgages  encumbering the investment
properties  partially  offset by advances made by the Managing  General Partner.
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

Based on a report received from an independent third party consultant  analyzing
necessary  exterior  improvements  and  estimates  made by the Managing  General
Partner on interior  improvements,  it is estimated that the property  requires,
but is not limited to, approximately  $318,000 of capital improvements which are
anticipated to be completed in 2001. The exterior capital  improvements  include
hot water heater replacement, soffit, stairwell and balcony improvements, window
replacements,  outdoor recreational facility improvements, major landscaping and
irrigation  improvements.  The interior  capital  improvements  include $375 per
apartment  unit which  includes,  but is not limited to,  flooring and appliance
replacements  and  interior  improvements.  During the six months ended June 30,
2001, the Partnership completed  approximately  $335,000 of capital improvements
at The Landings Apartments,  consisting primarily of floor covering replacement,
water  heater  replacements,   structural  improvements,  cabinet  replacements,
electrical  improvements,   recreational  facility  improvements,  and  plumbing
improvements.  These  improvements  were  funded  from  operating  cash flow and
replacement reserves.

Shadow Oaks Apartments

Based on a report received from an independent third party consultant  analyzing
necessary  exterior  improvements  and  estimates  made by the Managing  General
Partner on interior  improvements,  it is estimated that the property  requires,
but is not limited to, approximately  $267,000 of capital improvements which are
anticipated to be completed in 2001. The exterior capital  improvements  include
soffit, exterior painting,  major landscaping and irrigation  improvements.  The
interior  capital  improvements  include $375 per apartment unit which includes,
but  is not  limited  to,  flooring  and  appliance  replacements  and  interior
improvements.  During  the six  months  ended  June 30,  2001,  the  Partnership
completed   approximately  $201,000  of  capital  improvements  at  Shadow  Oaks
Apartments,  consisting primarily of exterior painting,  plumbing  improvements,
furniture  and fixtures and  appliance and floor  covering  replacements.  These
improvements were funded from operating cash flow and replacement reserves.

Raven Hill Apartments

Based on a report received from an independent third party consultant  analyzing
necessary  exterior  improvements  and  estimates  made by the Managing  General
Partner on interior  improvements,  it is estimated that the property  requires,
but is not limited to, approximately  $487,000 of capital improvements which are
anticipated to be completed in 2001. The exterior capital  improvements  include
gutters,  plumbing and electrical  enhancements,  outdoor recreational  facility
improvements,  major  landscaping  and  irrigation  improvements.  The  interior
capital improvements include $375 per apartment unit which includes,  but is not
limited to,  flooring and  appliance  replacements  and  interior  improvements.
During  the  six  months  ended  June  30,  2001,  the   Partnership   completed
approximately  $104,000  of  capital  improvements  at  Raven  Hill  Apartments,
consisting primarily of floor covering replacement, roof replacement and heating
improvements.  These  improvements  were  funded  from  operating  cash flow and
replacement reserves.

Fairlane East Apartments

Based on a report received from an independent third party consultant  analyzing
necessary  exterior  improvements  and  estimates  made by the Managing  General
Partner on interior  improvements,  it is estimated that the property  requires,
but is not limited to, approximately  $570,000 of capital improvements which are
anticipated to be completed in 2001. The exterior capital  improvements  include
gutters, HVAC replacement, exterior painting, balcony improvements,  parking lot
enhancements,  major  landscaping,  irrigation  and draining  improvements.  The
interior  capital  improvements  include $375 per apartment unit which includes,
but  is not  limited  to,  flooring  and  appliance  replacements  and  interior
improvements.  During  the six  months  ended  June 30,  2001,  the  Partnership
completed  approximately  $288,000  of capital  improvements  at  Fairlane  East
Apartments,  consisting primarily of appliance and floor covering  replacements,
exterior  painting,  roof  replacement,  cabinet  replacements  and recreational
facility  improvements.  These improvements were funded from operating cash flow
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  $19,645,000 requires monthly payments of
principal and interest and matures  February 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.

During the six months ended June 30, 2001, the  Partnership  paid a distribution
of  $1,150,000  to  the  limited  partners  ($48.82  per  assignee  unit).  This
distribution  was accrued as of December 31,  2000.  During the six months ended
June 30, 2000, the  Partnership  paid a distribution  of $355,000 to the limited
partners  ($15.00  per  assignee  unit).  This  distribution  was  accrued as of
December 31,  1999.  The  Partnership  declared  and accrued a  distribution  of
$353,000 to the limited partners ($15.00 per assignee unit) as of June 30, 2000.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership, AIMCO and its affiliates currently own 11,152 Assignee Units in the
Partnership  representing  approximately  47.34% of the outstanding units. It is
possible that AIMCO or its affiliates will acquire additional Assignee Units for
cash or in  exchange  for 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 approximately 47.34% of the outstanding Assignee Units, AIMCO is in
a position to  significantly  influence all voting decisions with respect to the
Partnership.  When voting on matters,  AIMCO  would in all  likelihood  vote the
Units it acquired in a manner  favorable to the interest of the Managing General
Partner because of its affiliation with the Managing General Partner.

<PAGE>

                           PART II - OTHER INFORMATION


ITEM 3.     EXHIBITS AND REPORTS ON FORM 8-K

            a) Exhibits:

               None.

            b) Reports on Form 8-K filed during the quarter ended June 30, 2001:

               None.

               Reports  on Form 8-K filed  subsequent  to second  quarter  of
               2001:

               Current  Report on Form 8-K dated  July 13,  2001 and filed on
               July 19, 2001,  disclosing  the dismissal of Reznick  Fedder &
               Silverman,  P.C. as the Registrant's certifying accountant and
               the  appointment  of Ernst  and  Young  LLP as the  certifying
               accountant for the year ended December 31, 2001.


<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/Martha L. Long
                                    Martha L. Long
                                    Senior Vice President
                                    and Controller


                              Date: