(HATTERAS LOGO)

                                   EXHIBIT A

           COVER LETTER TO OFFER TO PURCHASE AND LETTER OF TRANSMITTAL

      IF YOU DO NOT WANT TO SELL YOUR LIMITED PARTNERSHIP INTERESTS AT THIS
     TIME, PLEASE DISREGARD THIS NOTICE. THIS IS SOLELY NOTIFICATION OF THE
                              FUND'S TENDER OFFER.

June 26, 2008

Dear Hatteras Multi-Strategy Fund I, L.P. Partner:

     We are writing to inform you of important dates relating to a tender offer
by Hatteras Multi-Strategy Fund I, L.P. (the "Fund"). IF YOU ARE NOT INTERESTED
IN HAVING THE FUND REPURCHASE YOUR LIMITED PARTNERSHIP INTEREST OR A PORTION OF
YOUR INTEREST IN THE FUND ("INTEREST") VALUED AS OF SEPTEMBER 30, 2008, PLEASE
DISREGARD THIS NOTICE AND TAKE NO ACTION.

     The tender offer period will begin on June 26, 2008 and will end at 12:00
midnight, Eastern Standard Time, on JULY 25, 2008, AT WHICH POINT THE TENDER
OFFER WILL EXPIRE. The purpose of the tender offer is to provide liquidity to
Partners of the Fund that hold Interests. Interests may be presented to the Fund
for purchase only by tendering them during one of the Fund's announced tender
offers.

     Should you wish to tender your Interest or a portion of your Interest for
purchase by the Fund during this tender offer period, please complete and return
the enclosed Letter of Transmittal so that it is received by UMB Fund Services,
Inc. ("UMBFS") no later than JULY 25, 2008. If you do not wish to have all or
any portion of your Interest repurchased, simply disregard this notice. NO
ACTION IS REQUIRED IF YOU DO NOT WISH TO HAVE ANY PORTION OF YOUR INTEREST
REPURCHASED.

     If you would like to tender your Interest, you should complete, sign and
either (i) mail (via certified mail, return receipt requested) or otherwise
deliver the Letter of Transmittal to Hatteras Multi-Strategy Fund I, L.P., c/o
UMB Fund Services, Inc. at P.O. Box 2175, Milwaukee, Wisconsin 53201-2175,
Attention: Tender Offer Administrator; or (ii) fax it to UMBFS at (816)
860-3138, Attention: Tender Offer Administrator (if by fax, please deliver an
original, executed copy promptly thereafter), so that it is RECEIVED BEFORE
12:00 MIDNIGHT, EASTERN STANDARD TIME, ON JULY 25, 2008.

     If you have any questions, please refer to the enclosed Offer to Purchase
document, which contains additional important information about the tender
offer, or call the Tender Offer Administrator at UMBFS at (800) 504-9070.

Sincerely,

Hatteras Multi-Strategy Fund I, L.P.