Exhibit (a)(6)











                                                    PRESS RELEASE
                                                    FOR IMMEDIATE RELEASE



MacKenzie Patterson, Inc.,
1640 School Street
Moraga, California 94556

                                 August 15, 2000

Offer for units of limited  partnership  interest  ("Units")  in SECURED  INCOME
L.P.,  an Delaware  limited  partnership(the  "Partnership"),  extended  through
September 1, 2000 and purchase price increased to $20.25 per Unit

     MP INCOME FUND 11, L.P.; MP INCOME FUND 12, LLC; MP INCOME FUND 14, LLC; MP
INCOME  FUND  15,  LLC;  MP  INCOME  FUND  16,  LLC;   ACCELERATED   HIGH  YIELD
INSTITUTIONAL  INVESTORS III, LTD.; ACCELERATED HIGH YIELD GROWTH FUND II, LTD.;
ACCELERATED  HIGH  YIELD  INSTITUTIONAL  FUND I,  LTD.;  ACCELERATED  HIGH YIELD
INSTITUTIONAL INVESTORS,  LTD.; ACCELERATED HIGH YIELD PENSION INVESTORS,  LTD.;
ACCELERATED  HIGH YIELD INCOME FUND I, LTD.;  ACCELERATED HIGH YIELD INCOME FUND
II, LTD.; PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3; PREVIOUSLY OWNED
PARTNERSHIPS  INCOME  FUND;  MP-DEWAAY  FUND,  LLC;  SPECIFIED  INCOME  FUND,  A
CALIFORNIA  LIMITED  PARTNERSHIP;  MACKENZIE  PATTERSON  SPECIAL FUND 5, LLC; MP
FALCON  GROWTH FUND,  LLC; MP FALCON  FUND,  LLC; MP VALUE FUND 5, LLC; MP VALUE
FUND 6, LLC;  MACKENZIE  PATTERSON SPECIAL FUND 3, LLC; and MACKENZIE FUND VI, A
CALIFORNIA LIMITED PARTNERSHIP (collectively the "Purchasers") have extended the
expiration  date for their tender  offer to purchase up to 330,000  Units of the
Partnership  through September 1, 2000, and have increased the purchase price to
$20.25 per Unit,  less the  amount of any  distributions  declared  or made with
respect to the Units  between July 14, 2000 and September 1, 2000, or such other
date to which this Offer may be further extended.

         As of August 15, 2000,  2,914 Units had been tendered to the bidders by
security holders and not withdrawn.

         For  further  information,  contact  Christine  Simpson  at  the  above
address.