=================================================================
                          UNITED STATES

               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 March 31, 2000

                               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 number:  0-14533
                --------------------------------

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

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

  7200 Wisconsin Avenue, 11th floor,  Bethesda, Maryland 20814
      (Address of principal executive offices)  (Zip Code)

Registrant's telephone number, including area code:  301 654-3100

Securities Registered Pursuant to Section 12(b) of the Act:  NONE

   Securities Registered Pursuant to Section 12(g) of the Act:
                         Assignee Units

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  / /.

There  is  no  public  trading market  for  the  Assignee  Units.
Therefore, the Assignee Units had neither a market selling  price
nor an average bid or asked price within the 60 days prior to the
date of this filing.

Index to Exhibits is on page 3.
=================================================================

<PAGE 2>

 OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                            FORM 10-Q

                 PART I - FINANCIAL INFORMATION

Item 1.    Financial Statements.
    The  financial statements of the Partnership, and  the  notes
thereto,  are  incorporated herein by reference  to  sequentially
numbered  pages 11 through 16 included in ORP's Quarterly  Report
(Unaudited).

Item 2.
Management's Discussion and Analysis of Financial Condition and
Results of Operations.
   A  discussion  of  ORP's financial condition  and  results  of
operations  for the three-month period ended March 31,  2000,  is
incorporated herein by reference to sequentially numbered pages 6
through  9  entitled  "Report of Management"  included  in  ORP's
Quarterly Report (Unaudited).

                   PART II - OTHER INFORMATION

Item 1. Legal Proceedings.
    The  Registrant  is engaged from time to time  in  litigation
incident  to  its business; however, there are no  pending  legal
proceedings whose potential effects are considered to be material
by the Managing General Partner.

Item 2. Changes in Securities.
  None.

Item 3.   Defaults Upon Senior Securities.
  None.

Item 4.   Submission of Matters to a Vote of Security Holders.
   None.

Item 5.   Other Information.
   None.

Item 6.    Exhibits and Reports on Form 8-K
   (a) Exhibits.

   For a list of Exhibits as required by Item 601 of Regulation
   S-K, see Exhibit Index on page 3 of this report.

   (b) Reports on Form 8-K

       None.

   No other items were applicable.

<PAGE 3>

       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                            FORM 10-Q

                          EXHIBIT INDEX

(Listed according to the number assigned in the Exhibit Table in
Item 601 of Regulation S-K.)

(11) Statement regarding computation of per share earnings.

     The information to compute earnings per share is provided in
     the  financial  statements and notes thereto of  the  Oxford
     Residential  Properties  I Limited  Partnership's  Quarterly
     Report  (Unaudited)  to Assignee Unit Holders,  attached  as
     Exhibit 20 (sequentially numbered pages 11 through 16).

(20) Report furnished to security holders.

     Oxford  Residential   Properties  I  Limited   Partnership's
     Quarterly  Report (Unaudited) dated March 31, 2000,  follows
     on sequentially numbered pages 5 through 17 of this report.

(27) Financial Data Schedule.


<PAGE 4>


       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                            FORM 10-Q

                           SIGNATURES

    Pursuant  to the requirements of Section 13 or 15(d)  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.

              Oxford Residential Properties I Limited Partnership

              By:  Oxford Residential Properties I Corporation
                   Managing General Partner of the registrant


Date: 5/4/00  By:  /s/ Richard R. Singleton
      ------       ----------------------------------------------
                   Richard R. Singleton
                   Senior Vice President and
                   Chief Financial Officer


   Pursuant to the requirements of the Securities Exchange Act of
1934,  this report has been signed below by the following persons
on  behalf  of the registrant and in the capacities  and  on  the
dates indicated.


Date: 5/4/00  By:  /s/ Leo E. Zickler
      ------       ----------------------------------------------
                   Leo E. Zickler
                   Chairman of the Board of Directors and
                   Chief Executive Officer


Date: 5/4/00  By:  /s/ Francis P. Lavin
      ------       ----------------------------------------------
                   Francis P. Lavin
                   President
















<PAGE 5>

       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                        Quarterly Report
                           (Unaudited)

                         March 31, 2000





















       CONTENTS

       Report of Management
       Average Occupancy
       Summary of Project Data
       Consolidated Balance Sheets
       Consolidated Statements of Operations
       Consolidated Statement of Partners' Capital
       Consolidated Statements of Cash Flows
       Notes to Consolidated Financial Statements
       Instructions for Investors who wish to reregister or
       transfer ORP Assignee Units


<PAGE 6>

-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------

   The following report provides additional information about the
consolidated financial condition of Oxford Residential Properties
I  Limited Partnership ("ORP" or the "Partnership") as  of  March
31,  2000,  and its consolidated results of operations  and  cash
flows  for  the  quarter ended March 31, 2000.  This  report  and
analysis  should be read together with the consolidated financial
statements   and   related  notes  thereto   and   the   selected
consolidated financial data appearing elsewhere in this Quarterly
Report.

Recent Developments

   On behalf of the Partnership, Oxford Residential Properties  I
Corporation  ("Managing General Partner"), will  consider  offers
made  by  Assignee  Unitholders who wish to sell  their  Assignee
Units  at  such  prices  as may be set by  the  Managing  General
Partner from time to time.  The prices that will be paid will  be
established  by reference to prevailing secondary  market  prices
that  will be determined solely by the Managing General  Partner.
This  is  neither an offer to purchase nor a solicitation  of  an
offer  to  sell by the Partnership.  Since July 1995 and  through
March  31,  2000  ORP  has  purchased, in  the  aggregate,  2,110
Assignee Units for approximately $843,000.

Liquidity and Capital Resources

   Current  Position.  At March 31, 2000, ORP held $1,332,000  in
cash and cash equivalents, compared to $1,322,000 at December 31,
1999.  The increase of $10,000 represents the amount by which the
properties'   net   operating   incomes   after   debt   service,
refurbishment expenses, and capitalized improvements exceeds  the
sum of the following:   (i) distributions  made  on March 1, 2000
to Partners of record  as   of   December   31,   1999   totaling
approximately  $355,000,  (ii) the  purchase  of  Assignee  Units
totaling   approximately  $34,000,  and  (iii)  the  payment   of
Partnership  administrative expenses  during  the  quarter  ended
March 31, 2000 totaling $45,000.

   Other  Assets  shown on the accompanying consolidated  Balance
Sheet increased by $197,000 to $1,206,000 at March 31, 2000, from
$1,009,000 at December 31, 1999.  The increase in Other Assets is
primarily  a result of an increase in prepaid property insurance,
property  tax  escrow  subaccounts and  the  replacement  reserve
account.   Other  Assets include primarily  a  Liquidity  Reserve
Subaccount  (for  debt service), a Recurring Replacement  Reserve
Subaccount  (for  property improvements),  a  Property  Insurance
Escrow,  and  a  Property Tax Escrow for each  of  the  Operating
Partnerships totaling approximately $894,000 at March  31,  2000.
These  Subaccounts are funded and maintained monthly, as  needed,
from  property  income (except security deposits), in  accordance
with  the requirements pursuant to each property's loan agreement
and  based  on expenditures anticipated in the following  months.
Accounts  Receivable and Prepaid Expenses totaling  $258,000  and
$266,000  at  March 31, 2000, respectively, are also included  in
Other Assets.

    Unamortized  deferred  costs  relating  to  organization  and
refinancing costs (discussed in prior reports) at March 31,  2000
were  $243,000, compared to $260,000 at December 31, 1999.  These
costs are being amortized over the term of the mortgages.

  Accounts payable and accrued expenses shown on the consolidated
Balance  Sheet  were $464,000 at March 31, 2000  and  $380,00  at
December 31, 1999.

   Property Operations.  ORP's future liquidity and level of cash
distributions are dependent upon the net operating  income  after
debt    service,   refurbishment   expenses,   and    capitalized
improvements  generated by ORP's four investment  properties  and
proceeds  from  any sale or refinancing of those properties.   To
the  extent  any individual property does not generate sufficient
cash  to  cover  its  operating needs,  including  debt  service,
deficits  would  be  funded  by cash  generated  from  the  other
investment properties, if any, working capital reserves, if  any,
or  borrowings  by ORP.  Property improvements in  the  aggregate
amount  of  $102,000 were made for the quarter  ended  March  31,
2000,  compared to $234,000 for the same period in 1999.  Of  the
$102,000  of  property improvements, $76,000 was capitalized  for
financial  statement  purposes for the quarter  ended  March  31,
2000,   compared  to  $176,000  of  the  $234,000   of   property
improvements for the same period in 1999.

<PAGE 7>
-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------

  Other Sources.  Since 1994, 40% of the property management fees
owed to NHP Management Company ("NHP") have been subordinated  to
the receipt by the Assignee Unit Holders of certain returns.   As
of  March  31,  2000  and  December 31, 1999,  deferred  property
management  fees  to  NHP  amounted  to  $911,000  and  $871,000,
respectively.

Results of Operations

    The  net operating income, before debt service, refurbishment
expenses, and capitalized property improvements, from each of the
four  investment properties for the quarter ended March 31, 2000,
as compared to the quarter ended March 31, 1999, is as follows:

<TABLE>
-----------------------------------------------------------------
<CAPTION>
                                           (in thousands)
Property                             Three months ended March 31,
                                     ----------------------------
                                        2000            1999
-----------------------------------------------------------------
<S>                                  <C>             <C>
Fairlane East, Dearborn, MI          $   465         $   445
The Landings, Indianapolis, IN           127             136
Raven Hill, Burnsville, MN               376             347
Shadow Oaks, Tampa, FL                   139             138
-----------------------------------------------------------------
Total Net Operating Income           $ 1,107         $ 1,066
=================================================================
</TABLE>

                Three months ended March 31, 2000
            versus three months ended March 31, 1999

    In the aggregate, the net operating income of the properties,
before  debt service, refurbishment  expenses,  and   capitalized
property  improvements,  reported  by  ORP for the quarter  ended
March  31, 2000,  increased by 3.9% compared to the quarter ended
March 31, 1999. Set forth below is a discussion of the properties
which compares their respective  operations  for  the three-month
periods ended March 31, 2000 and 1999.

Fairlane East

    Fairlane  East's net operating income for the  quarter  ended
March 31, 2000 increased by 4.5% from the same period in 1999 due
to  a  6.6%  decrease  in  apartment  expenses.   The  property's
apartment  expense   decrease  is  primarily  attributable  to  a
decrease  in  maintenance  expenses, specifically,  snow  removal
expenses.  Average occupancy for the quarter ended March 31, 2000
decreased  to 92%, compared to 96% for the same period  in  1999.
This temporary decline in occupancy is attributable to new rental
competition  beginning  in the fourth quarter  of  1999  offering
rent-up  discounts.  The weighted average rent collected for  the
quarter  ended  March 31, 2000 increased to $1,050,  compared  to
$1,010  for  the  same  period in 1999.  During  the  three-month
period ended March 31, 2000, the Partnership expended $31,000  on
property   improvements,   including  $17,000   capitalized   for
accounting  purposes.  The Managing General  Partner  anticipates
slightly higher spending levels on property improvements for  the
remainder  of  2000, as compared to the year ended  December  31,
1999, to improve its competitive position.

The Landings

   The Landings' net operating income for the quarter ended March
31, 2000 decreased by 6.6% from the same period in 1999 due to  a
7.4%  decrease  in revenues offset by nearly an 8.5% decrease  in
apartment  expenses.   Average occupancy for  the  quarter  ended
March  31,  2000 decreased to 87%, compared to 93% for  the  same
period in 1999.  This decline in occupancy and decrease in rental
income  is  due  primarily  new  rental  competition in the first
quarter  of 2000  in  addition  to generally  soft  rental market
conditions in the  Indianapolis area.  The  weighted average rent
collected for the month ended March 31, 2000  increased  slightly
to  $634, compared to $631 for the same period in  1999.   During
the three-month period ended March  31,   2000,  the  Partnership
expended $12,000 on  property improvements,   including   $10,000
capitalized for accounting purposes. The Managing General Partner
anticipates   slightly   higher   spending   levels  on  property
improvements for the remainder  of  2000, as compared to the year
ended December 31, 1999.

<PAGE 8>

-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------

Raven Hill

    Raven Hill's net operating income for the quarter ended March
31, 2000 increased by approximately 8.4% from the same period  in
1999 due to a 6.6% increase in revenues offset by a 4.9% increase
in  apartment  expenses.  The increase in revenues  is  primarily
attributable to an increase in rental income.  Average  occupancy
for  the  quarter ended March 31, 2000 increased to 98%, compared
to  97%  for the same period in 1999.  The weighted average  rent
collected for the month ended March 31, 2000 increased by 4.3% to
$779,  compared to $747 for the same period in 1999.  During  the
three-month period ended March 31, 2000, the Partnership expended
$26,000  for property improvements, including $22,000 capitalized
for   accounting   purposes.    The  Managing   General   Partner
anticipates   slightly   lower  spending   levels   on   property
improvements for the remainder of 2000, as compared to  the  year
ended December 31, 1999.

Shadow Oaks

    Shadow Oaks' net operating income for the quarter ended March
31, 2000  increased  by less than 1% from the same period in 1999
due to  a 2.6%  increase in revenues offset by a 4.2% increase in
apartment expenses.  Average  occupancy  for  the  quarter  ended
March 31, 2000 decreased  to 94%, compared to 95%  for  the  same
period  in  1999.  The weighted average rent  collected  for  the
month ended March 31, 2000 increased by 4.9% to $512, compared to
$488 for the same period in  1999.  During the three-month period
ended  March  31,  2000,  the  Partnership  expended  $33,000  on
property  improvements,   including   $28,000   capitalized   for
accounting  purposes.   The Managing  General Partner anticipates
slightly higher spending levels on property improvements for  the
remainder  of  2000,  as  compared to the year ended December 31,
1999.

Consolidated Statements of Operations-Other Income and Deductions

   For  the  three-month period ended March 31, 2000,  ORP's  net
income increased by approximately 19% compared to the prior  year
comparative  period  due  to  a  1.7%  increase  in revenues  and
approximately a  1% decrease in total  expenses.  Interest income
for  the  three-month  periods  ended March 31, 2000 and 1999 was
$18,000 and $19,000, respectively.  Other income was $66,000  and
$61,000, respectively,  for the  three-month  periods ended March
31,  2000 and  1999.  The increase was primarily due to increased
rental income.

  ORP's administrative expenses for the three-month periods ended
March 31, 2000 and 1999 were $45,000 and $24,000, respectively.

   The  terms of the mortgage loans require the borrowers to make
equal  installment  payments over the term of  the  loans.   Each
payment  consists of interest on the unpaid balance of the  loans
and  a  reduction of loan principal.  The interest paid on  these
loans  decreases each period, while the portion  applied  to  the
loan  principal  increases each period.  As  a  result,  interest
expense  was  $418,000 and $427,000, respectively, and  principal
paid  was $110,000 and $102,000 for the three-month periods ended
March 31, 2000 and 1999, respectively.

   Depreciation expense for the three-month periods  ended  March
31,  2000  and  1999  was  $310,000 and  $299,000,  respectively.
Amortization expense for the three-month periods ended March  31,
2000 and 1999 was $17,000 and $17,000, respectively.

   For the three-month periods ended March 31, 2000 and 1999,  of
the  total  property  improvements in the  aggregate  amounts  of
$102,000   and  $234,000,  respectively,  $26,000  and   $58,000,
respectively,  were  classified  as  refurbishment  expenses  for
financial statement purposes.  The remaining balances of  $76,000
and   $176,000,  respectively,  were  capitalized  for  financial
statement purposes.

<PAGE 9>

THIS   REPORT   CONTAINS  STATEMENTS  THAT  ARE   FORWARD-LOOKING
STATEMENTS   WITHIN   THE  MEANING  OF  THE  PRIVATE   SECURITIES
LITIGATION  REFORM  ACT OF 1995, SECTION 21E  OF  THE  SECURITIES
EXCHANGE  ACT  OF  1934,  AS AMENDED,  AND  SECTION  27A  OF  THE
SECURITIES  ACT OF 1933, AS AMENDED, AND IS SUBJECT TO  THE  SAFE
HARBORS   CREATED   BY  THOSE  SECTIONS.   THESE  FORWARD-LOOKING
STATEMENTS  REFLECT MANAGEMENT'S CURRENT VIEWS  WITH  RESPECT  TO
FUTURE  EVENTS  AND  FINANCIAL PERFORMANCE.  ACTUAL  RESULTS  MAY
DIFFER  MATERIALLY  FROM THOSE DESCRIBED IN  THE  FORWARD-LOOKING
STATEMENTS,  AND  WILL  BE AFFECTED BY A  VARIETY  OF  RISKS  AND
FACTORS.  THESE STATEMENTS ARE SUBJECT TO MANY UNCERTAINTIES  AND
RISKS,  AND  SHOULD  NOT  BE CONSIDERED GUARANTEES  OF  FINANCIAL
PERFORMANCE.   READERS  SHOULD REVIEW CAREFULLY  ORP's  FINANCIAL
STATEMENTS  AND  THE  NOTES THERETO,  AS  WELL  AS  RISK  FACTORS
DESCRIBED  IN  THE SEC FILINGS.  ORP DISCLAIMS ANY OBLIGATION  TO
PUBLICLY  RELEASE THE RESULTS OF ANY REVISIONS TO THESE  FORWARD-
LOOKING  STATEMENTS  WHICH  MAY BE  MADE  TO  REFLECT  EVENTS  OR
CIRCUMSTANCES OCCURRING SUBSEQUENT TO THE FILING OF THE FORM 10 Q
WITH THE SEC OR OTHERWISE TO REVISE OR UPDATE ANY ORAL OR WRITTEN
FORWARD-LOOKING STATEMENT THAT MAY BE MADE FROM TIME TO  TIME  BY
OR ON BEHALF OF ORP.

<PAGE 10>

<TABLE>
--------------------------------------------------------------------------------------------------------------------------
<CAPTION>

Average Occupancy
-------------------------------------------------------------------------------------------
The average occupancy for each of the four investment properties is shown in
the following chart:
                                                     For the Quarter Ended
Property/                Acquisition   -----------------------------------------------------
Location                     Date
____________________________________________________________________________________________
                                        3/31/99    6/30/99   9/30/99   12/31/99   3/31/00
--------------------------------------------------------------------------------------------
<S>                        <C>             <C>       <C>       <C>        <C>       <C>
Fairlane East              12/23/85        96%       97%       98%        94%       92%
Dearborn, Michigan
The Landings               10/31/84        93%       96%       93%        88%       87%
Indianapolis, Indiana
Raven Hill                 12/24/86        97%       98%       98%        98%       98%
Burnsville, Minnesota
Shadow Oaks                 2/07/85        95%       94%       95%        92%       94%
Tampa, Florida
--------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
-----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Summary of Project Data (in thousands)
-----------------------------------------------------------------------------------------------------------------------------
                                       2000 Operating Results through 3/31/00 (in thousands)
                                       --------------------------------------------------------------------------------------
                             Average Rent Collected<F1>                             NOI
                             --------------------------                       Before Property                     NOI
Property/            No. of      March       March      Apartment  Apartment   Improvements      Property<F2>    Before
Location              Units      2000        1999        Revenues  Expenses   & Debt Service   Improvements  Debt Service<F3>
----------------------------------------------------------------------------------------------------------------------------
<S>                    <C>      <C>         <C>           <C>        <C>          <C>             <C>          <C>
Fairlane East          244      $1,050      $1,025        $  730     $ 265        $  465          $  31        $  434
Dearborn, Michigan
The Landings           150         634         629           252       125           127             12           115
Indianapolis, Indiana
Raven Hill             304         779         749           726       350           376             26           350
Burnsville, Minnesota
Shadow Oaks            200         512         482           305       166           139             33           106
Tampa, Florida
----------------------------------------------------------------------------------------------------------------------------
 Total                 898                                $2,013     $ 906        $1,107          $ 102        $1,005
============================================================================================================================
<FN>
<F1> Represents net rental revenue collected for the month divided by the
     average number of units occupied during the month.
<F2> Represents  total  property  improvement  costs,  including  capitalized
     costs totaling $76,000 incurred during the quarter ended March 31, 2000.
<F3> The total of $1,005,000 is $173,000 (20.8%) higher than the comparable
     total for the quarter ending March 31, 1999.

</FN>

</TABLE>
<PAGE 11>

Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Balance Sheets (in thousands)
<TABLE>
<CAPTION>
                                   March 31, 2000  December 31, 1999
                                     (Unaudited)
--------------------------------------------------------------------
<S>                                   <C>               <C>
Assets
Investment properties, at cost
 Land                                 $  3,681          $  3,681
 Buildings and improvements, net
  of accumulated depreciation
  of $17,672 and $17,361,
  respectively                          19,630            19,864
--------------------------------------------------------------------
  Total Investment Properties           23,311            23,545
--------------------------------------------------------------------
Cash and cash equivalents                1,332             1,322
Working capital reserve                      0                22
Tenant security deposits                   197               178
Deferred costs, net of amortization
 of $2,671 and $2,657, respectively        243               260
Other assets                             1,206             1,009
--------------------------------------------------------------------
                                         2,978             2,791
--------------------------------------------------------------------
  Total Assets                         $26,289           $26,336
====================================================================
Liabilities and Partners' Capital
  Liabilities
 Mortgage notes payable                $20,231           $20,341
 Accounts payable and
  accrued expenses                         464               380
  Distributions payable                      0               355
 Other liabilities                         911               871
 Tenant security deposits                  197               178
--------------------------------------------------------------------
  Total Liabilities                     21,803            22,125
--------------------------------------------------------------------
Partners' Capital
 General Partners                       (1,005)           (1,011)
 Assignor Limited Partner                    1                 1
 Assignee Unit Holders (25,714
  Assignee Units issued and 23,604
  outstanding for March 31, 2000;
  23,667 outstanding for
  December 31, 1999)                     5,490             5,221
--------------------------------------------------------------------
  Total Partners' Capital                4,486             4,211
--------------------------------------------------------------------
  Total Liabilities and
   Partners' Capital                   $26,289           $26,336
====================================================================

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

</TABLE>

<PAGE 12>
Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Statements of Operations (in thousands, except Net
Income per Assignee Unit and Weighted average number of Assignee
Units Outstanding)    (Unaudited)
--------------------------------------------------------------------

<TABLE>
<CAPTION>
                                     Three months ended March 31,
                                     ----------------------------
                                         2000            1999
--------------------------------------------------------------------
<S>                                  <C>              <C>
Apartment Revenues
 Rental income                       $  1,947         $  1,918
  Other income                             66               61
--------------------------------------------------------------------
  Total Apartment Revenues              2,013            1,979
--------------------------------------------------------------------

Apartment Expenses
  Maintenance                             273              279
  Operating                               203              184
  Administrative                          125              119
  Property management fees                 99               97
  Property taxes                          176              202
  Marketing                                30               32
--------------------------------------------------------------------
 Total Apartment Expenses                 906              913
--------------------------------------------------------------------
Net Operating Income                    1,107            1,066
--------------------------------------------------------------------
Other Deductions
  Interest expense                        418              427
  Depreciation and amortization           327              316
  Refurbishment expenses                   26               58
  Interest income                         (18)             (19)
  Partnership administrative expenses      45               24
--------------------------------------------------------------------
  Total Other Deductions             $    798         $    806
--------------------------------------------------------------------
Net Income                           $    309         $    260
====================================================================
Net Income Allocated to Assignee
 Unit Holders                        $    303         $    255
====================================================================
Net Income per Assignee Unit         $  12.80         $  10.60
====================================================================
Weighted average number of
  Assignee Units Outstanding           23,639           24,063
====================================================================

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

</TABLE>

<PAGE 13>
Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Statement of Partners' Capital (in thousands)
--------------------------------------------------------------------
<TABLE>
<CAPTION>
                              For the period ended March 31, 2000
                              -----------------------------------
                                 Limited Partners'
                                    Interests
                               --------------------
                               Assignee    Assignor
                                 Unit      Limited  General
                               Holders     Partner  Partners  Total
--------------------------------------------------------------------
<S>                           <C>            <C>   <C>       <C>
Balance, December 31, 1999    $5,221         $1    $(1,011)  $4,211
--------------------------------------------------------------------

Net income, March 31, 2000       303          0          6      309

Purchase of Assignee Units       (34)         0          0      (34)

--------------------------------------------------------------------
Balance, March 31, 2000       $5,490         $1    $(1,005)  $4,486
    (Unaudited)
====================================================================

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

</TABLE>

<PAGE 14>
Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Statements of Cash Flows (in thousands)
(Unaudited)
--------------------------------------------------------------------
<TABLE>
<CAPTION>
                                       Three months ended March 31,
                                     -------------------------------
                                              2000         1999
--------------------------------------------------------------------
<S>                                        <C>          <C>
Operating activities
 Net income                                $   309      $   260
 Adjustments to reconcile net income
   to net cash provided by operating
   activities:
     Depreciation and amortization             327          316
 Changes in assets and liabilities:
   Tenant security deposits liability           19            2
   Tenant security deposits                    (19)          (2)
   Other assets                               (197)        (241)
   Accounts payable and accrued expenses        84          149
   Other liabilities                            40           39
--------------------------------------------------------------------
Net cash provided by operating activities      563          523
--------------------------------------------------------------------
Investing activities
 Working capital reserve                        22         (391)
 Additions to investment properties            (76)        (176)
--------------------------------------------------------------------
Net cash provided by (used in) investing
 activities                                    (54)        (567)
--------------------------------------------------------------------
Financing activities
 Distributions paid                           (355)        (361)
Mortgage principal paid                       (110)        (102)
 Purchase of Assignee Units                    (34)         (62)
--------------------------------------------------------------------
Net cash used in financing activities         (499)        (525)
--------------------------------------------------------------------
Net increase (decrease) in cash and
 cash equivalents                               10         (569)
Cash and cash equivalents, beginning
 of period                                   1,322        1,288
--------------------------------------------------------------------
Cash and cash equivalents, end
 of period                                 $ 1,332       $  719
====================================================================
     The accompanying notes are an integral part of these
            consolidated financial statements.

</TABLE>

<PAGE 15>
-----------------------------------------------------------------
Notes to Consolidated Financial Statements
-----------------------------------------------------------------

Note 1.  Financial Statements.

   The  consolidated financial statements reflect all adjustments
which,  in  the  opinion  of  Oxford  Residential  Properties   I
Corporation, the managing general partner (the "Managing  General
Partner")  of Oxford Residential Properties I Limited Partnership
("ORP" or the "Partnership"), are necessary to present fairly the
Partnership's  Consolidated Balance Sheets as of March  31,  2000
and  December 31, 1999, the Consolidated Statements of Operations
for  the  three-month periods ended March 31, 2000 and 1999,  the
Consolidated Statement of Partners' Capital as of March 31, 2000,
and the Consolidated Statements of Cash Flows for the three-month
periods  ended  March 31, 2000 and 1999, according  to  generally
accepted  accounting principles.  Although the  Managing  General
Partner  believes the disclosures presented are adequate to  make
the  information not misleading, these statements should be  read
in conjunction with the audited consolidated financial statements
and the notes included in the Partnership's Annual Report for the
year ended December 31, 1999.

   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.

Note 2.  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  were  not covered separately by fees. Total reimbursements
to the Managing General Partner and its affiliates for the three-
month period ended March 31, 2000, were approximately $18,000 for
administrative and accounting-related costs, compared to  $23,000
for the same period in 1999.

   An  affiliate of NHP Management Company, the property manager,
has  a  separate services agreement with Oxford Realty  Financial
Group,  Inc.  ("ORFG"),  an affiliate  of  the  Managing  General
Partner, pursuant to which ORFG provides certain services to  NHP
in  exchange for service fees in an amount equal to 25.41% of all
fees  collected  by NHP from certain properties, including  those
owned by the Partnership.

Note 3.  Other Liabilities

   Other  Liabilities.  Under the Property Management  Agreements
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.  Property
management  fees  of  $40,000  and $39,000  for  the  three-month
periods  ended March 31, 2000 and 1999, respectively,  have  been
deferred.

Note 4.  Mortgage Notes Payable.

   Effective January 12, 1994, separate mortgage loans were  made
to  each  of the four ownership entities (as discussed  in  prior
reports)   in   the  aggregate  original  principal   amount   of
$22,362,000.   These mortgage loans are not cross-collateralized,
nor  are  they  cross-defaulted.  Each note bears interest  at  a
fixed  rate of 8.25% per annum and matures on February 11,  2004.
The total monthly principal and interest payment is $176,000.  As
of  March  31, 2000, the total outstanding balance  of  the  four
mortgage  notes payable was $20,231,000.  The properties  are  in
compliance  with their respective debt service agreements  as  of
March 31, 2000.

<PAGE 16>
-----------------------------------------------------------------
Notes to Consolidated Financial Statements
-----------------------------------------------------------------

The individual outstanding mortgage notes payable as of March 31,
2000, and monthly debt service are as follows:

<TABLE>
<CAPTION>
-----------------------------------------------------------------
Property Collateralizing Debt      Outstanding      Monthly
(in thousands)                      Mortgage     Debt Service<F1>
-----------------------------------------------------------------
<S>                                 <C>               <C>
Fairlane East, Dearborn, Michigan   $  9,296          $  81
The Landings, Indianapolis, Indiana    3,064             26
Raven Hill, Burnsville, Minnesota      4,682             41
Shadow Oaks, Tampa, Florida            3,189             28
-----------------------------------------------------------------
                                    $ 20,231          $ 176
=================================================================
<FN>
<F1> Includes principal and interest.
</FN>
</TABLE>




<PAGE 17>
-----------------------------------------------------------------
Instructions for Investors who wish to reregister or transfer ORP
Assignee Units
-----------------------------------------------------------------

Please follow the instructions below if you wish to reregister or
transfer  ownership  of  your  Oxford  Residential  Properties  I
Limited Partnership ("ORP" or the "Partnership") Assignee  Units.
No  transfers or sales can be effected without the consent of the
Managing  General  Partner  and  the  completion  of  the  proper
documents.


  To  cover  the costs associated with processing transfers,  MMS
  Escrow & Transfer Agency, Inc. ("MMS"), the transfer agent  for
  ORP,  charges  $25  for  each transfer of  ORP  Assignee  Units
  between  related parties, and $50 per seller for each  transfer
  for consideration (sale).  The only exception is a transfer  to
  a  surviving  joint  holder of Assignee Units  when  the  other
  joint  holder  dies,  in which case no  fee  is  charged.   MMS
  charges  $150  for  the  conversion of Assignee  Units  into  a
  limited partner interest.

  To  transfer  ownership of Assignee Units  held  in  a  Merrill
  Lynch   account,  please  have  your  Merrill  Lynch  financial
  consultant contact Merrill Lynch Partnership Operations in  New
  Jersey  at  (201)  557-1619 to request the  necessary  transfer
  documents.   Merrill  Lynch Partnership  Operations  will  only
  accept  calls  from your financial consultant.  YOU  MUST  HAVE
  THE  PROPER TRANSFER DOCUMENTS FROM MERRILL LYNCH TO  EFFECT  A
  TRANSFER.   Your financial consultant must contact  Partnership
  Operations,  as  ORP  Investor  Services  does  not  send   out
  transfer  papers  for Assignee Units held in  a  Merrill  Lynch
  account.

  Investors who no longer hold their Assignee Units in a  Merrill
  Lynch  account  should contact ORP Investor Services  at  (248)
  614-4550  or  P.O.  Box  7090, Troy,  Michigan  48007-9921,  to
  obtain   transfer  documents.   YOU  MUST  OBTAIN  THE   PROPER
  TRANSFER  DOCUMENTS  FROM ORP INVESTOR  SERVICES  TO  EFFECT  A
  TRANSFER OF ASSIGNEE UNITS WHICH YOU HOLD PERSONALLY.

  To  redeposit  your  ORP  units into a Merrill  Lynch  account,
  please  notify  ORP  Investor Services  in  writing  after  the
  Merrill  Lynch account has been opened.  ORP Investor  Services
  will  then instruct Merrill Lynch to deposit the Assignee Units
  into the account.

  Please  remember to notify ORP Investor Services in writing  at
  the  address  below or by calling (248) 614-4550 in  the  event
  you  change  your mailing address or your financial consultant.
  We  can  then  continue to provide you and your  representative
  with   timely  information  about  your  investment  in  Oxford
  Residential Properties I Limited Partnership.

  The  Quarterly Report on Form 10-Q for the quarter ended  March
  31,  2000,  filed with the Securities and Exchange  Commission,
  is  available to Assignee Unit Holders and may be  obtained  by
  writing:


                        Investor Services
       Oxford Residential Properties I Limited Partnership
                          P.O. Box 7090
                    Troy, Michigan 48007-9921

                         (248) 614-4550