SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             -----------------------

                                   SCHEDULE TO
         Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934
                             -----------------------

                         AMERICAN REPUBLIC REALTY FUND I
                            (Name of Subject Company)

                              MP VALUE FUND 4, LLC
                              MP VALUE FUND 6, LLC.
                    MACKENZIE PATTERSON SPECIAL FUND 3, LLC.
              PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME 3, L.P.

                                    (Bidders)

                          LIMITED PARTNERSHIP INTERESTS
                         (Title of Class of Securities)

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

                                            Copy to:
C.E. Patterson                              Paul J. Derenthal, Esq.
MacKenzie Patterson, Inc.                   Derenthal & Dannhauser
1640 School Street                          One Post Street, Suite 575
Moraga, California  94556                   San Francisco, California  94104
(925) 631-9100                              (415) 981-4844

                     (Name, Address and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

                            Calculation of Filing Fee

                      Transaction                      Amount of
                      Valuation*                       Filing Fee

                       $175,000                          $35.00

*            For  purposes  of  calculating  the  filing  fee only.  Assumes the
             purchase of 3,500  Units at  a purchase price equal to $50 per Unit
             in cash.

[ ]          Check box if  any part of  the fee is offset  as  provided  by Rule
             0-11(a)(2)  and identify the filing with which the  offsetting  fee
             was previously  paid.  Identify the previous filing by registration
             statement  number,  or the  Form or  Schedule  and the  date of its
             filing.

             Amount Previously Paid:
             Form or Registration Number:
             Filing Party:
             Date Filed:








[ ]          Check box if any  part of the  fee is offset  as  provided  by Rule
             0-11(a)(2)  and identify the filing with which the  offsetting  fee
             was previously  paid.  Identify the previous filing by registration
             statement  number,  or the  Form or  Schedule  and the  date of its
             filing.
             Amount Previously Paid:
             Form or Registration Number:
             Filing Party:
             Date Filed:

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

 Check the  appropriate  boxes below to designate any  transactions to which the
statement relates:

[X]          third party tender offer subject to Rule 14d-1.
[ ]          issuer tender offer subject to Rule 13e-4.
[ ]          going private transaction subject to Rule 13e-3
[ ]          amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]








 .
                                  TENDER OFFER

             This Tender Offer  Statement on Schedule TO relates to the offer by
MP VALUE FUND 4, LLC; MP VALUE FUND 6, LLC; MACKENZIE  PATTERSON SPECIAL FUND 3,
L.P.;  and  PREVIOUSLY   OWNED  MORTGAGE   PARTNERSHIPS   INCOME  FUND  3,  L.P.
(collectively  the  "Purchasers")  to  purchase  up to 3,500  units  of  limited
partnership  interest  (the  "Units")  in  AMERICAN  REPUBLIC  REALTY  FUND I, a
Wisconsin  limited  partnership  (the  "Issuer"),   the  subject  company.   The
Purchasers  are offering to purchase the Units at a purchase  price equal to $50
per Unit, less the amount of any distributions  declared or made with respect to
the Units  between  March 1, 2000 and May 1,  2000,  or such other date to which
this Offer may be extended (the "Expiration  Date"),  upon the terms and subject
to the  conditions  set forth in the Offer to Purchase dated March 27, 2000 (the
"Offer to Purchase") and the related Letter of Transmittal,  copies of which are
attached  hereto as  Exhibits  (a)(1) and (a)(2),  respectively.  The Issuer had
11,000 Units issued and outstanding held by approximately  926 Unitholders as of
December 31, 1998, according to its annual report on Form 10-K for the year then
ended,  which  is the  most  recent  information  available  to  the  Purchasers
concerning  the  outstanding  Units.  The  address  of  the  Issuer's  principal
executive offices is 6210 Campbell Road, Suite 140, Dallas, Texas.

             The  information in the Offer to Purchase,  including all schedules
and annexes  thereto,  is hereby expressly  incorporated  herein by reference in
response  to all the  items of this  Statement,  except as  otherwise  set forth
below.

Item 12.     Exhibits.
             --------

             (a)(1)  Offer to Purchase dated March 27, 2000

             (a)(2)  Letter of Transmittal

             (a)(3)  Form of Letter to Unitholders dated March 27, 2000

             (b)-(h) Not applicable.








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                                   SIGNATURES


             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:       March 27, 2000

MP VALUE FUND 4, LLC

By MacKenzie Patterson, Inc., Manager

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President

MP VALUE FUND 6, LLC

By MacKenzie Patterson, Inc., Manager

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President

MACKENZIE PATTERSON SPECIAL FUND 3, LLC.

By MacKenzie Patterson, Inc., Manager

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President

PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3, LP

By MacKenzie Patterson, Inc., General Partner

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President






                                       2




                                  EXHIBIT INDEX


Exhibit              Description                                            Page

(a)(1)       Offer to Purchase dated March 27, 2000

(a)(2)       Letter of Transmittal

(a)(3)       Form of Letter to Unitholders dated March 27, 2000