U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 14D-9
             Solicitation/Recommendation Statement Pursuant to Section 14(d)(4)
                           of the Securities Exchange Act of 1934

                           FJS PROPERTIES FUND I, L.P.
                            (Name of Subject Company)

                           FJS PROPERTIES FUND I, L.P.
                        (Name of Person Filing Statement)

                      Units of Limited Partnership Interest
                         (Title of Class of Securities)

                                      NONE
                      (CUSIP Number of Class of Securities)

                           Andrew C. Alson, President
                              FJS Properties, Inc.,
                                 General Partner
                               264 Route 537 East
                              Colts Neck, NJ 07722
                                        (908)542-9029
                        (Name, address and telephone number of person
                       authorized to receive notice and communications
                         on behalf of the person filing statement.)






ITEM 1. SECURITY AND SUBJECT COMPANY

        This  statement  relates to Units of Limited  Partnership  Interest (the
"Units") of FJS Properties Fund I, L.P. (the "Subject Company").  The address of
the principal  executive  offices of the Subject  Company is 264 Route 537 East,
Colts Neck, NJ 07722.

ITEM 2. TENDER OFFER OF THE BIDDER

        This  statement  relates to a tender offer to purchase up to 8,266 Units
of the  Subject  Company  for $75 per  Unit  issued  by MP VALUE  FUND 4,  L.P.;
ACCELERATED  HIGH YIELD  INSTITUTIONAL  FUND I, L.P.;  MORAGA  GOLD,  LLC; JDF &
ASSOCIATES,  LLC; and STEVEN GOLD  (collectively  the "Bidders").  The principal
business address of the Bidders other than Steven Gold and JDF & Associates, LLC
is 1640 School  Street,  Suite 100,  Moraga,  CA 94556.  The principal  business
address of Steven Gold is One  Maritime  Plaza,  Suite 725,  San  Francisco,  CA
94111,  and the  principal  address of JDF &  Associates,  LLC is 118 Glynn Way,
Houston, TX 77056.

ITEM 3. IDENTITY AND BACKGROUND

        (a) This  statement is being filed by FJS  Properties  Fund I, L.P., the
Subject  Company.  The business  address of the Subject Company is 264 Route 537
East, Colts Neck, NJ 07722.

        (b) None.

ITEM 4. THE SOLICITATION OR RECOMMENDATION

        (a) The Subject Company is advising that Limited Partners of the Subject
Company reject the tender offer from the Bidders.

        (b) The reason for this  recommendation is that the $75 offered per Unit
substantially  understates  the potential  liquidation  value of the Units based
upon a prior  appraisal of the real estate owned by the Subject  Company as well
as current  discussions  relating to  potential  sale of such real  estate.  See
Exhibit 9(a) annexed hereto.

ITEM 5. PERSONS RETAINED, EMPLOYED OR TO BE COMPENSATED

        None

ITEM 6. RECENT TRANSACTIONS AND INTENT WITH RESPECT TO SECURITIES

        (a) None

        (b) Not applicable

ITEM 7. CERTAIN NEGOTIATIONS AND TRANSACTIONS BY THE SUBJECT COMPANY

        (a) As a result of the receipt of the tender offer,  the Subject Company
has had discussions with a potential purchaser  concerning the potential sale of
the Pavilion  Apartments.  See Exhibit 9(a) for the terms of these  discussions.
The sale of the Pavilion Apartments would constitute a sale of a material amount
of the Subject Company's assets and would result in a liquidation of the Subject
Company and a liquidating distribution to the partners.

        (b) None.

ITEM 8. ADDITIONAL INFORMATION TO BE FURNISHED

        None.

ITEM 9. MATERIAL TO BE FILED AS EXHIBITS

        (a) Recommendation sent to security holders is attached as Exhibit 9(a).

        (b) None.

        (c) Not Applicable.

SIGNATURE.  After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.



                                       FJS PROPERTIES FUND I, L.P.
                                       (Subject Company)
Dated: December 1, 1997                by: FJS PROPERTIES, INC., General Partner


                                            by        Andrew C. Alson
                                                   Andrew C. Alson, President