CERTIFICATE OF AMENDMENT
                           OF LIMITED PARTNERSHIP FOR
                   LOS ABRIGADOS PARTNERS LIMITED PARTNERSHIP

             Filed pursuant to A.R.S. Section 29-309 and 29-311(b)

I.       Name.  The name of the limited  partnership  is LOS ABRIGADOS  PARTNERS
         LIMITED PARTNERSHIP ("The Partnership").

II.      Amendment.  The First Amended  Certificate of Limited  Partnership  and
         Amended  Agreement of Los Abrigados  Partners Limited  Partnership (the
         "Certificate")  (as amended) is hereby further amended to reflect that,
         as  of  July  1,  1994,  Edward  John  Martori,   Martori   Enterprises
         Incorporated,  Jerome M. White,  Guadalupe  Iniguez,  Trustee,  Wedbush
         Morgan   Securities   (IRA),  and  Joseph  P.  Martori,   Trustee  have
         transferred and assigned all of their right,  title and interest in and
         to their Class A Limited  Partnership  Interests in the  Partnership to
         ILX Incorporated, an Arizona corporation.

Dated:   July 1, 1994.

ILE SEDONA INCORPORATED, an                 OUTGOING CLASS A
Arizona corporation, General                    LIMITED PARTNERS
Partner


By:        Nancy J. Stone                   Edward Martori
      ----------------------                ---------------------  
Title:      Vice President                  Edward John Martori
      ----------------------                


ILX INCORPORATED,                           Martori Enterprises Incorporated
an Arizona corporation, Incoming
Class A Limited Partner

                                            By:    Joseph P. Martori
                                                  -------------------------
                                            Its:     Chairman
                                                  -------------------------

By:      Nancy J. Stone                     Jerome M. White by Steven  White
     -------------------------              --------------------------------
Title:    Executive Vice President          Jerome M. White
     -------------------------


                                            Guadalupe Iniguez
                                            --------------------------------
                                            Guadalupe Iniguez, Trustee


                                            By Joseph P. Martori
                                            --------------------------------
                                            Wedbush Morgan Securities (IRA)


                                            Joseph P. Martori, Trustee
                                            --------------------------------
                                            Joseph P. Martori, Trustee