Securities and Exchange Commission
                             Washington, D.C. 20547

                         ------------------------------
                                 SCHEDULE 14D-9
                                 (RULE 14d-101)

          SOLICITATION/RECOMMENDATION STATEMENT UNDER SECTION 14(d)(4)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                (Amendment No. 1)

                    Shelter Properties I Limited Partnership
- --------------------------------------------------------------------------------
                            (Name of Subject Company)

                    Shelter Properties I Limited Partnership
- --------------------------------------------------------------------------------
                      (Name of Person(s) Filing Statement)

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

                                      None
- --------------------------------------------------------------------------------
                      (CUSIP Number of Class of Securities)

                                 Patrick J. Foye
                            Executive Vice President
                   Apartment Investment and Management Company
                           Colorado Center, Tower Two
                   2000 South Colorado Boulevard, Suite 2-1000
                             Denver, Colorado 80222
                                 (303) 757-8101
- --------------------------------------------------------------------------------
      (Name, Address, and Telephone Number of Person Authorized to Receive
     Notices and Communications on Behalf of the Person(s) Filing Statement)

                                   Copies to:
                                Gregory M. Chait
                                  Robert Barker
                     Powell, Goldstein, Frazer & Murphy LLP
                           191 Peachtree Street, N.E.
                                 Sixteenth Floor
                             Atlanta, Georgia 30303
                                 (404) 572-6600

[ ]  Check the box if the filing relates solely to preliminary communications
     made before the commencement of a tender offer.





         The information in the Offer to Purchase of AIMCO Properties, L.P.,
dated May 13, 2002 (the "Offer"), as supplemented by the Supplement to the Offer
to Purchase, dated June 3, 2002, and Letter to Limited Partners, dated May 13,
2002, is incorporated herein by reference in answer to all of the Items of this
Schedule 14D-9 except as otherwise set forth below:

Item 2.  Identity and Background of Filing Person.

         This Amendment No. 1 to Schedule 14D-9 is being filed by Shelter
Properties I Limited Partnership (the "Registrant"), a South Carolina limited
partnership of which the general partner is Shelter Realty Corporation, a
subsidiary of AIMCO Properties, L.P. The Registrant's business address is
Colorado Center, Tower Two, 2000 South Colorado Boulevard, Suite 2-1000, Denver,
Colorado 80222, and its telephone number is (303) 757-8101. The title of the
class of equity securities to which this statement relates are the units of
limited partnership interest of the Registrant.

Item 9.  Exhibits.

         (a)      Offer to Purchase of AIMCO Properties, L.P. for Units of
                  Limited Partnership Interest of Shelter Properties I Limited
                  Partnership (Exhibit 1 to Schedule TO of AIMCO Properties,
                  L.P., dated May 13, 2002, is incorporated herein by
                  reference).

         (b)      Letter to Limited Partners of Shelter Properties I Limited
                  Partnership, dated May 13, 2002 (Exhibit 4 to Schedule TO of
                  AIMCO Properties, L.P., dated May 13, 2002, is incorporated
                  herein by reference).

         (c)      Supplement to the Offer to Purchase of AIMCO Properties, L.P.
                  for Units of Limited Partnership Interest of Shelter
                  Properties I Limited Partnership (Exhibit 9 to Schedule TO/A
                  of AIMCO Properties, L.P., dated June 3, 2002, is incorporated
                  herein by reference).





                                    SIGNATURE

         After due 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.

Dated: June 3, 2002


                                        SHELTER PROPERTIES I LIMITED PARTNERSHIP


                                        By:  Shelter Realty Corporation
                                             (General Partner)


                                        By:   /s/ Patrick J. Foye
                                              ----------------------------------
                                              Executive Vice President





                                  EXHIBIT INDEX

<Table>
<Caption>
EXHIBIT NO.           DESCRIPTION
- -----------           -----------
            
     (a)       Offer to Purchase of AIMCO Properties, L.P. for Units of Limited
               Partnership Interest of Shelter Properties I Limited Partnership
               (Exhibit 1 to Schedule TO of AIMCO Properties, L.P., dated May
               13, 2002, is incorporated herein by reference).

     (b)       Letter to Limited Partners of Shelter Properties I Limited
               Partnership, dated May 13, 2002 (Exhibit 4 to Schedule TO of
               AIMCO Properties, L.P., dated May 13, 2002, is incorporated
               herein by reference).

     (c)       Supplement to the Offer to Purchase of AIMCO Properties, L.P. for
               Units of Limited Partnership Interest of Shelter Properties I
               Limited Partnership (Exhibit 9 to Schedule TO/A of AIMCO
               Properties, L.P., dated June 3, 2002, is incorporated herein by
               reference).
</Table>