Exhibit 99.(a)(4)

                         SCHEDULE TO

     Equity Resource Lexington Fund LP, Eggert Dagbjartsson, its general
partner and Equity Resources Group, Inc., its manager (collectively the
"Purchaser") is offering (the "Offer") to purchase 2,280 units ("Units") of
limited partnership interests in Urban Improvement Fund Limited 1974 (the
"Subject Company") for a purchase price of $150 per Unit in cash. The Offer
and withdrawal rights will expire on June 26,  2001 (the "Expiration Date").

     Offer materials will be mailed to record holders, beneficial holders,
brokers, banks and similar persons whose name appears on the list of limited
partners of the Subject Company ("Limited Partners"). You may obtain a copy
of the tender offer materials with respect to the Offer by calling Equity
Resources Group, Inc., the manager of the Offer, at (617) 876-4800. The
Purchaser does not currently  intend to establish control of the Subject
Company. The general partner of the Subject Company has not  approved  or
disapproved of the Offer.

     If more than 2,280 Units are validly tendered and not withdrawn,
Purchaser will accept up to 2,280 Units, on a pro rata basis. If Purchaser
decides to extend the Offer, Purchaser will promptly send each  Limited
Partner notification of that fact. For Units to be validly tendered pursuant
to the Offer, a properly completed and duly executed Agreement of Sale must
be received by Purchaser. A cash payment for Units will be made within 10
business days following the expiration date of the Offer, as long the
Purchaser has received a properly completed and duly executed Agreement of
Sale and assurances from the general partner of the Subject Company that the
address applicable to the holder of those Units will be changed to
Purchaser's address.  Units  tendered pursuant to the Offer may be withdrawn
at any time prior to the Expiration Date. In the event that the Offer is
extended beyond the Expiration Date, the Units tendered may be withdrawn at
any time up to the date that the Offer, as extended, expires. For a
withdrawal to be effective, a signed, written or facsimile transmission
notice  of withdrawal must be timely received by Purchaser.

    The information required by Exchange  Act Rule 14d-6(d)(1) is  contained
in the Offer to Purchase with respect to the Offer and is incorporated by
reference into this summary advertisement. The complete  terms and conditions
of this Offer are set forth in the Offer to Purchase and related agreement of
sale, which are being filed today with the Securities and Exchange Commission
and mailed to Limited Partners.