December 14, 1995


          Decade's Monthly Income and Appreciation Fund
                     - A Limited Partnership

       Second Supplemental Letter to All Limited Partners


                          Introduction

     In addition to the information set forth in the Offer to
Purchase and the Annexes and Exhibits thereto and the First
Supplemental Letter sent to all Limited Partners, Limited
Partners of Decade's Monthly Income & Appreciation Fund -- A
Limited Partnership (the "Partnership") should carefully consider
the following information in deciding whether to tender limited
partnership interests ("Interests") for $800 cash per Interest
under the terms and subject to the conditions set forth in this
Offer to Purchase, the Supplemental Letters to Limited Partners
and in the related Letter of Acceptance (which constitute the
"Offer").  The Offer, proration period, and withdrawal rights
will expire at 12:00 midnight, Milwaukee time, on December 29,
1995, unless extended by the Partnership.  The Partnership will
also accept up to 3,707 Interests, conditioned upon the expected
financing described in this letter.


                Expected Financing To Fund Offer

     The Partnership intends to enter into a credit facility with
Associated Bank, N.A. ("Credit Facility"), and such financing
would be available to fund additional purchases of Interests in
this Offer.  While the Agreement has to be executed and approved
by Associated Bank N.A.'s board of directors, it is intended that
the Credit Facility will provide that the Partnership may borrow
up to $1,850,000 at an interest rate of prime (reset daily).  The
Partnership will provide Associated Bank N.A. with a first
mortgage and assignment of rents from The Meadows I and also pay
a 1/2% origination fee.  The Credit Facility will be due three
years after it is entered into, and interest payments and
amortization payments, based upon a 25-year term, would be due on
the first of each month.

     It is anticipated that the Credit Facility will be entered
into on or about December 28, 1995.  The Partnership will notify
Limited Partners of Associated Bank N.A.'s commitment to the
Credit Facility via a press release or another supplemental
letter.  The Credit Facility is conditioned upon Associated Bank
N.A. receiving an appraisal of The Meadows I in excess of
$2,500,000, receiving a suitable architect's inspection report,
and receiving an acceptable Phase I environmental report on The
Meadows I.  The Partnership believes it will be able to provide
such documents and assist Associated Bank N.A. in obtaining such
documents.  The Credit Facility will be prepayable by the
Partnership at any time, without premium or penalty.  The
Partnership will be required to make prepayments from the
proceeds of any sale of The Meadows I.

     The Partnership anticipates making required interest and
principal payments on the Credit Facility from operating cash
flow.


                      Offer Expiration Date

     As a result of arranging financing to purchase additional
Interests, the Partnership has decided to extend the Offer,
withdrawal and proration rights, until December 29, 1995, 12:00
midnight, Milwaukee time.


         Minimum Number of Interests and Offer Proration

     The Partnership will accept 3,707 Interests, conditioned
upon entering into the Credit Facility prior to December 29,
1995.  If more than 3,707 Interests are tendered the Partnership
will prorate tendered Interests as follows:

     1.   The Partnership will first accept all of the tenders
from Limited Partners who own less than 100 Interests and who
tender all of their Interests by the Expiration Date.  If this
amount is in excess of 3,707, the Partnership will prorate
purchases based upon the amount of Interests the Partnership can
purchase (a minimum of 3,707) times the ratio of (a) the number
of Interests tendered by each Limited Partner who owns less than
100 Interests and tendered all of their Interests to (b) the
total number of Interests tendered by all Limited Partners who
own less than 100 Interests and tender all of their Interests (up
to 3,707).  The General Partner will prorate such that every
Limited Partner who has prorated Interests will not hold
fractional Interests and will not hold less than three Interests.

     2.   If the above category of tendering Limited Partners has
been satisfied and if there are funds to purchase other Interests
tendered, the Partnership will do so.  This second category will
consist of those (i) Limited Partners who own 100 or more
Interests and (ii) Limited Partners who own less than 100
Interests and who tendered some, but not all, of their Interests. 
If necessary, the Partnership will prorate tenders based upon the
ratio of the number of Interests tendered by each Limited Partner
in this second category to the total number of Interests tendered
by the remaining Limited Partners in this second category (up to
the maximum it can purchase), provided that the General Partner
may round the prorated amount such that a Limited Partner who
tenders Interests does not hold any fractional Interest and must
hold at least three Interests.  If a Limited Partner decides to
tender some, but not all, Interests, such Limited Partner must
tender an amount such that the Limited Partner does not hold
fractional Interests and holds at least three Interests.


                   Tendered Interests To Date

     As of noon, December 13, 1995, 219 Limited Partners have
tendered 1,860.11 Interests.