<PAGE 1>
====================================================================

                              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 September 30, 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 12 through 17 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 nine-month period ended September 30, 2000, is
incorporated herein by reference to sequentially numbered pages 6
through  10  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 and other

      A  report  on  Form  8-K was filed with  the  Securities  &
      Exchange  Commission  on  July 13, 2000  regarding  certain
      contractual arrangements that could result in a  change  in
      control of the Registrant.

      A  report  on  Form  8-K was filed with  the  Securities  &
      Exchange  Commission  on September  20,  2000  regarding  a
      change of auditors.

      A report on Form 8-K was filed with the Securities &
      Exchange Commission on October 5, 2000 regarding the
      consummation of the Contractual Arrangement discussed in
      the Form 8-K filed on July 13, 2000.



<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 12 through 17).

(20) Report furnished to security holders.

     Oxford   Residential   Properties  I  Limited   Partnership's
     Quarterly  Report  (Unaudited)  dated  September  30,  2000,
     follows on sequentially numbered pages 5 through 18 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: 11/13/00 By:  /s/ Martha Long
      --------     --------------------------------------------
                   Martha Long
                   Chief Accounting 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: 11/13/00 By:  /s/ Peter Kompaniez
      --------      -------------------------------------------
                    Peter Kompaniez
                    Director and President


Date: 11/13/00 By:  /s/ Patrick J. Foye
      --------      -------------------------------------------
                    Patrick J. Foye
                    Director and
                    Executive Vice President



<PAGE 5>
---------------------------------------------------------------









       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                        Quarterly Report
                           (Unaudited)

                       September 30, 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 of 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
September  30,  2000, and its consolidated results of  operations
for  the  three and nine-month periods ended September 30,  2000,
and  its cash flows for the nine-month period ended September 30,
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

   Change  in  Control of Managing General Partner.  On September
20,  2000,  Apartment Investment and Management Company ("AIMCO")
(NYSE:  AIV) acquired all of the stock of Oxford Realty Financial
Group,  Inc. ("ORFG"), that it did not already own,  as  well  as
other  interests in various Oxford entities.  ORFG is the  parent
company  of  ORP's  Managing General Partner, Oxford  Residential
Properties I Corporation (the "Managing General Partner"). AIMCO,
a  publicly-traded real estate investment trust headquartered  in
Denver,  Colorado, owns and manages a geographically  diversified
portfolio of approximately 365,000 apartments and is one  of  the
largest  owners  and  managers of apartment  communities  in  the
nation.   AIMCO currently serves as the property manager for  all
four of ORP's investment properties.

   With  the  completion of this transaction, AIMCO now owns  the
Managing General Partner of ORP, Oxford Residential Properties  I
Corporation, and thereby controls the management of ORP  and  its
four  investment properties.  Effective as of the closing of  the
acquisition,   the  executive  officers  of  Oxford   Residential
Properties I Corporation are those set forth on AIMCO's  Schedule
13D  for ORP, dated September 20, 2000.  With the acquisition  of
ORFG  on September 20, 2000, AIMCO acquired 4,997 assignee  units
or approximately 21% of ORP through an ORFG affiliate.

    Tender  Offer.  On October 10, 2000, AIMCO/Bethesda  Holdings
Acquisition,  Inc.  (AIMCO/Bethesda),  an  affiliate  of   AIMCO,
commenced  a tender offer to acquire up to 99% of all outstanding
ORP  units  at $845 per assignee unit. Such offer price  will  be
reduced  for any distributions subsequently made by ORP prior  to
the expiration of the AIMCO/Bethesda offer should it be extended.
The  next  distribution  would  be the  semi-annual  distribution
payable  to holders of record as of December 31, 2000 payable  at
the end of February 2001.  In a filing made by AIMCO/Bethesda  on
November  7,  2000,  it was reported that as of  that  day  3,762
assignee  units  had  been  tendered and  that  their  offer  was
extended from November 7, 2000 to November 27, 2000.

    Previously,  on September 28, 2000, AIMCO/Bethesda  purchased
1,033 ORP assignee units at a purchase price of $845 per assignee
unit from Mackenzie Patterson, Inc. and certain of its affiliates
(together  the  "Mackenzie  Entities"),  all  unaffiliated  third
parties.  As a result of this transaction, the Mackenzie Entities
terminated  their previously announced offer to  purchase  up  to
8,000  ORP  assignee units at a price of $650 per assignee  unit.
Considering  the  assignee units acquired by  AIMCO  through  the
acquisition of ORFG and through the acquisition of the  Mackenzie
Entities'  units  acquired by AIMCO/Bethesda,  AIMCO  held  6,030
assignee  units  or  approximately 25%  of  all  outstanding  ORP
assignee units prior to the AIMCO/Bethesda tender.

   Management's Intent.  If AIMCO/Bethesda acquires a substantial
number of ORP assignee units, it will increase AIMCO's ability to
influence  voting decisions with respect to ORP and  may  control
such  voting decisions, including but not limited to the  removal
of   a  general  partner,  most  amendments  to  the  partnership
agreements  and  the sale of all or substantially  all  of  ORP's
partnership assets.

    However,  the Managing General Partner, now an  affiliate  of
AIMCO,  is proposing to continue to operate ORP and not liquidate
it  at  the present time.  In accordance with the terms of  ORP's
limited  partnership  agreement,  the  Managing  General  Partner
continually  considers  whether a  property  should  be  sold  or
otherwise  disposed of after consideration of  relevant  factors,
including  prevailing  market conditions, the  condition  of  the
properties  and  tax considerations, with the view  to  achieving
maximum capital appreciation for ORP and its investors.   At  the
current time, the Managing General Partner believes that  a  sale
of  the properties would not be advantageous given current market
conditions.


<PAGE 7>
-----------------------------------------------------------------
Report of Management
-----------------------------------------------------------------

Liquidity and Capital Resources

   Current  Position.  At September 30, 2000, ORP held $1,318,000
in  cash  and cash  equivalents and the working capital  reserve,
compared  to  $1,344,000  at December 31,  1999,  representing  a
decrease  of  approximately 1.9%.  The  decrease  of  $26,000  is
primarily  attributable to the properties' net operating  incomes
after  debt  service,  refurbishment  expenses,  and  capitalized
improvements   offset  by  the  sum  of   the   following:    (i)
distributions made on February 28, 2000 to Partners of record  as
of  December  31,  1999 totaling approximately  $355,000  and  on
August  25,  2000  to  Partners of record as  of  June  30,  2000
totaling  approximately $353,000, (ii) the purchase  of  Assignee
Units  totaling approximately $60,000, and (iii) the  payment  of
Partnership administrative expenses during the nine-month  period
ended September 30, 2000 totaling $134,000.

   Other  Assets  shown on the accompanying consolidated  Balance
Sheet  increased by $269,000 to $1,278,000 at September 30, 2000,
from  $1,009,000  at December 31, 1999.  The  increase  in  Other
Assets is primarily a result of an increase in prepaid contracts,
property  insurance,  and  the property tax  escrow  subaccounts.
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 $1,138,000 at September 30, 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  $73,000  and
$67,000 at September 30, 2000, respectively, are also included in
Other Assets.

    Unamortized  deferred  costs  relating  to  organization  and
refinancing  costs (discussed in prior reports) at September  30,
2000  were  $212,000 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 increased by $161,000 to $541,000 at September  30,
2000,  from  $380,000  at  December 31, 1999,  primarily  due  to
increases  in the amount of property taxes accrued, although  not
yet paid, at the end of the nine-month period.

   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 $931,000 were made for the nine months ended September
30,  2000, compared to $799,000 for the same period in 1999.   Of
the  $931,000 of property improvements, $767,000 was  capitalized
for  financial  statement  purposes for  the  nine  months  ended
September  30,  2000, compared to $532,000  of  the  $799,000  of
property improvements for the same period in 1999.

  Other Sources.  Since 1994, 40% of the property management fees
owed  to  NHP Management Company ("NHP"), an affiliate  of  AIMCO
have  been  subordinated  to the receipt  by  the  Assignee  Unit
Holders  of  certain  returns.  As  of  September  30,  2000  and
December  31,  1999,  deferred property management  fees  to  NHP
amounted to $994,000 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  September  30,
2000, as compared to the quarter ended September 30, 1999, is  as
follows:


<PAGE 8>
<TABLE>
------------------------------------------------------------------------------
Report of Management
------------------------------------------------------------------------------
<CAPTION>
                                    (in thousands)            (in thousands)
                                  Three months ended         Nine months ended
                                     September 30,             September 30,
                                  ------------------       -------------------
Property                           2000        1999           2000       1999
------------------------------------------------------------------------------
<S>                             <C>          <C>            <C>        <C>
Fairlane East, Dearborn, MI     $   468      $  406         $1,373     $ 1,348
The Landings, Indianapolis, IN      106          98            370         345
Raven Hill, Burnsville, MN          384         387          1,162       1,107
Shadow Oaks, Tampa, FL              120         139            399         422
------------------------------------------------------------------------------
   Total Net Operating Income   $ 1,078      $1,030         $3,304     $ 3,222
==============================================================================
</TABLE>

                  Three months ended September 30, 2000 versus
                     three months ended September 30, 1999

    In  the  aggregate,  the net operating  income,  before  debt
service,   refurbishment  expenses,  and   capitalized   property
improvements, reported by ORP for the quarter ended September 30,
2000,  increased by 4.7% compared to the quarter ended  September
30,  1999.   Set  forth below is a discussion of  the  properties
which  compares  their respective operations for the  three-month
periods ended September 30, 2000 and 1999.

Fairlane East

    Fairlane  East's net operating income for the  quarter  ended
September  30,  2000 increased by 15.3% from the same  period  in
1999  due  to a 5.7% increase in revenues and a 5.7% decrease  in
apartment   expenses.  The  increase  in  revenues  is  primarily
attributable  to  increased rental income caused  by  lower  than
budgeted  vacancy and concession rates.  The property's apartment
expense  decrease  is  primarily  attributable  to  decreases  in
maintenance and operating expenses compared to the same period in
1999.   For the three-month periods ended September 30, 2000  and
1999, average occupancy decreased to 98%.  During the three-month
period   ended  September  30,  2000,  the  Partnership  expended
$239,000 on property improvements, including $215,000 capitalized
for accounting purposes.

The Landings

    The  Landings'  net operating income for  the  quarter  ended
September 30, 2000 increased by 8.2% from the same period in 1999
due to a 9.7% increase in revenues offset by a 10.3% increase  in
apartment  expenses.   The  increase  in  revenues  is  primarily
attributable  to increased occupancy.  The increase in  apartment
expenses is primarily attributable to increases in administrative
and   maintenance  costs.   For  the  three-month  periods  ended
September 30, 2000 average occupancy increased to 94% compared to
93%  for the same period in 1999.  During the three-month  period
ended  September  30, 2000, the Partnership expended  $66,000  on
property   improvements,   including  $46,000   capitalized   for
accounting purposes.

Raven Hill

    Raven  Hill's  net  operating income for  the  quarter  ended
September  30, 2000 decreased by approximately 1% from  the  same
period  in  1999 due to a 6.3% increase in revenues offset  by  a
14.9%  increase in apartment expenses.  The increase in  revenues
is  primarily  attributable to an increase in rental  income  and
other  income.  The increase in apartment expenses  is  primarily
attributable to increases in maintenance and operating  expenses.
For  the  three-month period ended September 30, 2000  and  1999,
average  occupancy was 98%.  During the three-month period  ended
September 30, 2000, the Partnership expended $333,000 on property
improvements,  including  $286,000  capitalized  for   accounting
purposes.

Shadow Oaks

    Shadow  Oaks'  net  operating income for  the  quarter  ended
September  30,  2000 decreased by 13.7% from the same  period  in
1999  due  to  a  2.4% increase in revenues  offset  by  a  16.0%
increase  in  apartment expenses.  The increase in  revenues  was
primarily  attributable to an increase in  other  rental  income.
The  increase in apartment expenses is primarily due to increases
in  administrative, maintenance and operating expenses.  For  the


<PAGE 9>
-----------------------------------------------------------------
Report of Management
-----------------------------------------------------------------

three-month  periods ended September 30, 2000  average  occupancy
decreased  to  89% compared to 95% for the same period  in  1999.
During  the  three-month  period ended September  30,  2000,  the
Partnership expended $22,000 on property improvements,  including
$17,000 capitalized for accounting purposes.

           Nine months ended September 30, 2000 versus
              nine months ended September 30, 1999

    In  the  aggregate,  the net operating  income,  before  debt
service,   refurbishment  expenses,  and   capitalized   property
improvements,  reported  by ORP for the nine-month  period  ended
September 30, 2000, increased by $82,000, or 2.5% compared to the
same  period  ended September 30, 1999.  Set  forth  below  is  a
discussion  of  the  properties which compares  their  respective
operations  for the nine-month periods ended September  30,  2000
and 1999.

Fairlane East

   Fairlane East's net operating income for the nine months ended
September 30, 2000 increased by 1.9% from the same period in 1999
due  to a 2.8% increase in revenues offset by a 4.3% increase  in
apartment  expenses.   The  increase in  revenues  was  primarily
attributable  to  the property's increased  rental  income.   The
property's  apartment expense increase is primarily  attributable
to  an  increase  in property taxes.  For the nine-month  periods
ended  September  30,  2000 average occupancy  decreased  to  96%
compared  to  98%  for  the same period in  1999.   The  weighted
average  rent  collected for the month ended September  30,  2000
increased  by  5.6% to $1,065, compared to $1,007  for  the  same
period in 1999.  During the nine-month period ended September 30,
2000, the Partnership expended $330,000 on property improvements,
including  $272,000  capitalized for  accounting  purposes.   The
Managing  General  Partner anticipates slightly  higher  spending
levels on property improvements in 2000, as compared to the  year
ended December 31, 1999, to improve its competitive position.

The Landings

    The  Landings' net operating income for the nine months ended
September 30, 2000 increased by 7.2% from the same period in 1999
due  to  a  1.1%  increase in revenues and  a  3.5%  decrease  in
apartment  expenses.   The  decrease in  apartment  expenses  was
primarily attributable to reduced property taxes.  For the  nine-
month   periods  ended  September  30,  2000  average   occupancy
decreased  to 92% compared to  93% for the same period  in  1999.
The weighted average rent collected for the month ended September
30, 2000 increased by 9.8% to $647, compared to $589 for the same
period in 1999.  During the nine-month period ended September 30,
2000,  the Partnership expended $97,000 on property improvements,
including  $70,000  capitalized  for  accounting  purposes.   The
Managing  General  Partner anticipates  slightly  lower  spending
levels on property improvements in 2000, as compared to the  year
ended December 31, 1999.

Raven Hill

    Raven  Hill's net operating income for the nine months  ended
September 30, 2000 increased by approximately 5.0% from the  same
period  in  1999 due to a 5.4% increase in revenues offset  by  a
6.0% increase in apartment expenses.  The increase in revenues is
primarily  a result of increased rental income.  The increase  in
apartment  expenses is primarily attributable to an  increase  in
operating and administrative expenses.  Average occupancy for the
nine  months ended September 30, 2000  and 1999 average occupancy
was   98%.   The  weighted average rent collected for  the  month
ended  September 30, 2000 increased by 5.7% to $802, compared  to
$759  for the same period in 1999.  During the nine-month  period
ended  September 30, 2000, the Partnership expended $413,000  for
property  improvements  of  which $350,000  was  capitalized  for
accounting  purposes.  The Managing General  Partner  anticipates
slightly higher spending levels on property improvements in 2000,
as compared to the year ended December 31, 1999.

Shadow Oaks

    Shadow  Oaks'  net  operating income for  the  quarter  ended
September 30, 2000 decreased by 5.5% from the same period in 1999
due  to a 2.4% increase in revenues offset by a 9.2% increase  in
apartment  expenses.   The increase in revenues  is  primarily  a
result  of  increased rental income.  The increase  in  apartment


<PAGE 10>
-----------------------------------------------------------------
Report of Management
-----------------------------------------------------------------

expenses    is    primarily   attributable   to   increases    in
administrative,  maintenance  and  operating  expenses.   Average
occupancy  for the nine months ended September 30,  2000  average
occupancy  decreased to 90% compared to 95% for the  same  period
last  year.   The weighted average rent collected for  the  month
ended September 30, 2000 increased by approximately 9.4% to $546,
compared  to $499 for the same period in 1999.  During the  nine-
month  period ended September 30, 2000, the Partnership  expended
$90,000  on  property improvements, including $74,000 capitalized
for accounting purposes. The Managing General Partner anticipates
slightly lower spending levels on property improvements in  2000,
as compared to the year ended December 31, 1999.

Consolidated Statements of Operations-Other Income and Deductions

   For the nine-month period ended September 30, 2000, ORP's  net
income  increased by approximately 21.5% compared  to  the  prior
year comparative period due to a 3.4% increase in revenues offset
by  a  1.4%  increase  in total expenses.  Interest  income  from
operating  funds for the nine-month periods ended  September  30,
2000  and  1999  was  $71,000 and $75,000,  respectively.   Other
income  was  $215,000 and $240,000, respectively, for  the  nine-
month  periods ended September 30, 2000 and 1999.   The  decrease
was  primarily  due  to  decreases in interest  income  from  the
Replacement  Reserve Escrow accounts maintained for each  of  the
properties in the portfolio.

   ORP's administrative expenses for the nine-month periods ended
September   30,  2000  and  1999  were  $134,000  and   $130,000,
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   $1,247,000  and  $1,274,000,  respectively,   and
principal  paid  was  $337,000 and $311,000  for  the  nine-month
periods ended September 30, 2000 and 1999, respectively.

  Depreciation expense for the nine-month periods ended September
30, 2000 and 1999 was $1,029,000 and $958,000, respectively.  The
increase  in  depreciation expense is  due  to  the  increase  in
property improvements capitalized for accounting purposes for the
nine  months ended September 30, 2000 compared to the same period
in  1999.  Amortization expense for the nine-month periods  ended
September   30,   2000   and  1999  was  $48,000   and   $49,000,
respectively.

   For  the nine-month periods ended September 30, 2000 and 1999,
of  the  total property improvements in the aggregate amounts  of
$930,000  and  $799,000,  respectively,  $165,000  and  $267,000,
respectively,  were  classified  as  refurbishment  expenses  for
financial statement purposes.  The remaining balances of $765,000
and   $532,000,  respectively,  were  capitalized  for  financial
statement purposes.

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 11>
<TABLE>
------------------------------------------------------------------------------
Average Occupancy
------------------------------------------------------------------------------
<CAPTION>

The average occupancy for each of the four investment properties is shown in
the following chart:
                                                      For the Quarter Ended
Property/            Acquisition     __________________________________________________________
Location                Date         6/30/99   9/30/99   12/31/99   3/31/00   6/30/00   9/30/00
-----------------------------------------------------------------------------------------------
<S>                   <C>              <C>       <C>        <C>       <C>       <C>       <C>
Fairlane East         12/23/85         97%       98%        94%       92%       97%       98%
Dearborn, Michigan
The Landings          10/31/84         96%       93%        88%       87%       96%       94%
Indianapolis, Indiana
Raven Hill            12/24/86         98%       98%        98%       98%       99%       98%
Burnsville, Minnesota
Shadow Oaks            2/07/85         94%       95%        92%       94%       95%       89%
Tampa, Florida

</TABLE>
--------------------------------------------------------------------------------
Summary of Project Data (in thousands)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                            2000 Operating Results through 9/30/00 (in thousands)
                                      -----------------------------------------------------------
                           Average Rent Collected<F1>                         NOI
                           --------------------------                  Before Property                      NOI
Property/            No. of   September September  Apartment Apartment  Improvements     Property         Before
Location             Units       2000      1999     Revenues  Expenses & Debt Service Improvements<F2>Debt Service<F3>
------------------------------------------------------------------------------------------------------------------
<S>                   <C>      <C>       <C>          <C>       <C>           <C>         <C>              <C>
Fairlane East         244      $1,099    $1,009       $2,296    $  923        $1,373      $  330           $1,043
Dearborn, Michigan
The Landings          150         663       596          826       456           370          97              273
Indianapolis, Indiana
Raven Hill            304         839       763        2,212     1,050         1,162         413              749
Burnsville, Minnesota
Shadow Oaks           200         563       499          925       526           399          90              309
Tampa, Florida
-----------------------------------------------------------------------------------------------------------------
       Total          898                             $6,259    $2,955        $3,304      $  930           $2,374
-----------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
[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  $766,000  incurred during the nine month period  ended  September  30,
2000.
<F3>The total NOI after debt service of $2,374,000 is $49,000 (2%) less than the
comparable total for the nine month period ending September 30, 1999.
</FN>
--------------------------------------------------------------------------------


<PAGE 12>
<TABLE>
--------------------------------------------------------------------
Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
<CAPTION>

Consolidated Balance Sheets (in thousands)

                              September 30, 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 $18,390 and $17,361,
    respectively                         19,600           19,864
------------------------------------------------------------------
  Total Investment Properties            23,281           23,545
------------------------------------------------------------------
Cash and cash equivalents                 1,318            1,322
Working capital reserve                       0               22
Tenant security deposits                    193              178
Deferred costs, net of amortization
 of $2,705 and $2,657, respectively         212              260
Other assets                              1,278            1,009
------------------------------------------------------------------
                                          3,001            2,791
------------------------------------------------------------------
  Total Assets                         $ 26,282         $ 26,336
==================================================================
Liabilities and Partners' Capital
 Liabilities
  Mortgage notes payable               $ 20,004         $ 20,341
  Accounts payable and accrued expenses     541              380
  Distributions payable                       0              355
  Other liabilities                         994              871
  Tenant security deposits                  193              178
-----------------------------------------------------------------
  Total Liabilities                      21,732           22,125
-----------------------------------------------------------------
Partners' Capital
 General Partners                          (996)          (1,011)
 Assignor Limited Partner                     1                1
 Assignee Unit Holders (25,714
   Assignee Units issued and 23,558
   outstanding for September 30, 2000;
   23,667 outstanding for
   December 31, 1999)                     5,545            5,221
-----------------------------------------------------------------
  Total Partners' Capital                 4,550            4,211
-----------------------------------------------------------------
  Total Liabilities and
    Partners' Capital                  $ 26,282         $ 26,336
=================================================================
</TABLE>

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


<PAGE 13>
<TABLE>
-------------------------------------------------------------------------------
Oxford Residential Properties I Limited Partnership and Subsidiaries
-------------------------------------------------------------------------------
Consolidated Statements of Operations (in thousands, except Net Income per
(Unaudited)                            Assignee Unit and Weighted average
                                       number of Assignee Units Outstanding)
-------------------------------------------------------------------------------
<CAPTION>
                              Three months ended            Nine months ended
                                 September 30,                September 30,
                             ---------------------        --------------------
                              2000           1999          2000          1999
-------------------------------------------------------------------------------
<S>                         <C>            <C>           <C>           <C>
Apartment Revenues
  Rental income             $2,062         $1,944        $6,044        $5,812
  Other income                  73             72           215           240
-------------------------------------------------------------------------------
  Total Apartment Revenues   2,135          2,016         6,259         6,052
-------------------------------------------------------------------------------
Apartment Expenses
  Maintenance                  367            346           958           958
  Operating                    170            161           535           490
  Administrative               168            131           439           386
  Property management fees     105            100           308           299
  Property taxes               214            216           619           603
  Marketing                     33             32            96            94
-------------------------------------------------------------------------------
  Total Apartment Expenses   1,057            986         2,955         2,830
-------------------------------------------------------------------------------
Net Operating Income         1,078          1,030         3,304         3,222
-------------------------------------------------------------------------------
Other Deductions
  Interest expense             413            423         1,247         1,274
  Depreciation and amortizatio 397            347         1,077         1,007
  Refurbishment expenses        97             95           165           267
  Interest income              (26)           (24)          (71)          (75)
  Partnership administrative
   expenses                     48             41           134           130
-------------------------------------------------------------------------------
  Total Other Deductions       929            882         2,552         2,603
-------------------------------------------------------------------------------
Net Income                 $   149         $  148        $  752        $  619
===============================================================================
Net Income Allocated to
  Assignee Unit Holders    $   146         $  145        $  737        $  607
===============================================================================
Net Income per
  Assignee Unit            $  6.19         $ 6.18        $31.11        $26.31
===============================================================================
Weighted average number of
  Assignee Units
  Outstanding               23,558         23,773        23,701        23,901
===============================================================================
</TABLE>
               The accompanying notes are an integral part of these
                       consolidated financial statements.



<PAGE 14>
<TABLE>
-------------------------------------------------------------------------------
Oxford Residential Properties I Limited Partnership and Subsidiaries
-------------------------------------------------------------------------------
Consolidated Statement of Partners' Capital (in thousands)
-------------------------------------------------------------------------------
<CAPTION>

                                  For the period ended September 30, 2000
                                  ---------------------------------------
                                     Limited Partners'
                                        Interests
                                  --------------------
                                  Assignee        Assignor     General
                                Unit Holders  Limited Partner  Partners   Total
-------------------------------------------------------------------------------
<S>                                <C>             <C>         <C>       <C>
Balance, December 31, 1999         $5,221          $ 1         $(1,011)  $4,211
-------------------------------------------------------------------------------
Net income, September 30, 2000        737            0              15      752

Distribution to Assignee Unit Holders(353)           0               0     (353)

Purchase of Assignee Units            (60)           0               0      (60)
-------------------------------------------------------------------------------
Balance, September 30, 2000
  (Unaudited)                      $5,545           $1           $(996)  $4,550
===============================================================================
</TABLE>
         The accompanying notes are an integral part of these consolidated
                             financial statements.



<PAGE 15>
<TABLE>
-------------------------------------------------------------------------------
Oxford Residential Properties I Limited Partnership and Subsidiaries
-------------------------------------------------------------------------------
Consolidated Statements of Cash Flows (in thousands)
(Unaudited)
-------------------------------------------------------------------------------
<CAPTION>
                                              Nine months ended September 30,
                                             ----------------------------------
                                                   2000              1999
-------------------------------------------------------------------------------
<S>                                             <C>               <C>
Operating activities
 Net income                                     $   752           $   619
 Adjustments to reconcile net income to net
   cash provided by operating activities:
     Depreciation and amortization                1,077             1,007
 Changes in assets and liabilities:
   Tenant security deposits liability                15                 3
   Tenant security deposits                         (15)               (3)
   Other assets                                    (269)             (276)
   Accounts payable and accrued expenses            163               235
   Other liabilities                                123               121
-------------------------------------------------------------------------------
Net cash provided by operating activities         1,846             1,706
-------------------------------------------------------------------------------
Investing activities
 Working capital reserve                             22               (22)
 Additions to investment properties                (767)             (532)
-------------------------------------------------------------------------------
Net cash (used in) provided by
 investing activities                              (745)             (554)
-------------------------------------------------------------------------------
Financing activities
  Distributions paid                               (708)             (718)
  Mortgage principal paid                          (337)             (311)
  Purchase of Assignee Units                        (60)             (199)
-------------------------------------------------------------------------------
Net cash used in financing activities            (1,105)           (1,228)
-------------------------------------------------------------------------------
Net decrease in cash and cash equivalents            (4)              (76)
Cash and cash equivalents, beginning of period    1,322             1,288
-------------------------------------------------------------------------------
Cash and cash equivalents, end of period        $ 1,318           $ 1,212
-------------------------------------------------------------------------------
</TABLE>
             The accompanying notes are an integral part of these consolidated
                                   financial statements.



<PAGE 16>
-----------------------------------------------------------------
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  September  30,
2000  and  December  31,  1999, the  Consolidated  Statements  of
Operations  for  the  three-month and  nine-month  periods  ended
September  30,  2000  and  1999, the  Consolidated  Statement  of
Partners'  Capital as of September 30, 2000, and the Consolidated
Statements  of  Cash  Flows  for  the  nine-month  periods  ended
September  30,  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.

   Change  in  Control of Managing General Partner.  On September
20,  2000,  Apartment Investment and Management Company ("AIMCO")
(NYSE:  AIV) acquired all of the stock of Oxford Realty Financial
Group,  Inc. ("ORFG"), that it did not already own,  as  well  as
other  interests in various Oxford entities.  ORFG is the  parent
company  of  ORP's  Managing General Partner, Oxford  Residential
Properties  I Corporation (the "Managing General Partner").

   With  the completion of this transaction, AIMCO now  owns  the
Managing General Partner of ORP, Oxford Residential Properties  I
Corporation, and thereby controls the management of ORP  and  its
four  investment properties.  Effective as of the closing of  the
acquisition,   the  executive  officers  of  Oxford   Residential
Properties I Corporation are those set forth on AIMCO's  Schedule
13D  for ORP, dated September 20, 2000.  With the acquisition  of
ORFG  on September 20, 2000, AIMCO acquired 4,997 assignee  units
or approximately 21% of ORP through an ORFG affiliate.

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 nine-
month period ended September 30, 2000, were approximately $42,000
for  administrative  and accounting-related  costs,  compared  to
$62,000 for the same period in 1999.

   An  affiliate of the Managing General Partner, NHP  Management
Company  performs property management services for the  four  ORP
investment properties.

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  $123,000 and $120,000  for  the  nine-month
periods  ended  September 30, 2000 and 1999,  respectively,  have
been deferred.


<PAGE 17>
-----------------------------------------------------------------
Notes to Consolidated Financial Statements
-----------------------------------------------------------------

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  September 30, 2000, the total outstanding balance of the four
mortgage  notes payable was $20,004,000.  The properties  are  in
compliance  with their respective debt service agreements  as  of
September 30, 2000.

The individual outstanding mortgage notes payable as of September
30, 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         $9,192            $  81
The Landings, Indianapolis, Indiana        3,030               26
Raven Hill, Burnsville, Minnesota          4,629               41
Shadow Oaks, Tampa, Florida                3,153               28
-----------------------------------------------------------------
                                         $20,004            $ 176
=================================================================
</TABLE>

[FN]
<F1> Includes principal and interest.
</FN>

<PAGE 18>
-----------------------------------------------------------------
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
  September  30,  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