December 14, 1995





Re:  Decade's Monthly Income & Appreciation Fund
     Offer to Purchase Limited Partnership Interests

Dear Investor:

     Enclosed with this letter is a Second Supplemental Letter to
all Limited Partners to provide additional information with
respect to the Offer to Purchase Limited Partnership Interests
dated November 21, 1995.  The Second Supplemental Letter provides
additional information with respect to the proposed mortgage
financing on The Meadows I Apartments, and assuming such
financing is arranged, an increase in the minimum number of
Interests to be purchased from 1,313 to 3,707, and the extension
of the Offer from December 21, 1995 to December 29, 1995.

     Please note.  The Offer by the Partnership to purchase your
Limited Partnership Interests for cash has been extended and will
expire at 12:00 midnight, Milwaukee, Wisconsin time on Friday,
December 29, 1995 (unless otherwise extended by the Partnership). 
If you have not already accepted the Offer, and wish to do so,
you must sign and timely return the Letter of Acceptance.

     Please note that our office will be open until noon,
Milwaukee, Wisconsin time, on Friday December 29, 1995.  Our fax
machine (414-792-0808) will be available to receive your Letter
of Acceptance after office hours through 12:00 midnight,
Milwaukee, Wisconsin time.

     Should you have any questions, please feel free to call me.

                                   Very truly yours,

                                   

                                   Michael Sweet
                                   Partnership Manager

MS/mt
Enclosure