Exhibit (a)(5)






November 28, 2001



TO:            UNIT HOLDERS OF FJS PROPERTIES FUND I, L.P.

SUBJECT:       OFFER TO PURCHASE UNITS BY MACKENZIE PATTERSON, INC. AFFILIATES

Dear Unit Holder:

The offer by MacKenzie Patterson affiliates to purchase up to 2,500 Units of
limited partnership interest in FJS Properties Fund I, L.P. for a price of $105
per Unit in cash has been extended to December 31, 2001.

The General Partner has recommended you reject our offer on the grounds that the
offer price is "less than the Subject Company's reasonable valuation of the
current value of the Units." We would like to highlight certain important facts
to consider as you compare our offer price and the General Partner's estimated
"value" of the Units.

1)   The GP cites an appraisal  done in 1994, a recent  appraisal  ordered by
     the Managing Agent,  and an offer to buy the property from the Managing
     Agent to arrive at a current value for the property of $7.2 million.  The
     1994  appraisal value was $7.5 million  indicating that the property has
     declined in value since then.

2)   The property's Net Operating  Income reported for the mos recent quarter
     was  negative resulting from a decline in rental income and an increase in
     operating expenses.

3)   The GP has focused on the value of the partnership's property,  which is
     not necessarily the market value of the Units. Illiquid partnership units
     typically trade at a significant discount to full liquidation  value due to
     the uncertainty of liquidation timing. The General Partner has provided no
     estimated liquidation date and there can be no assurance as to when any
     liquidation proceeds might be distributed or the amount of any proceeds
     available for distribution to limited partners.

4)   The Managing Agent is pursuing an 80% equity interest in the General
     Partner from the bankruptcy court which the GP notes may result in
     potential conflicts of interest with Limited Partners, especially as the
     Managing Agent is both managing the property and seeking to buy the
     property from the partnership.

5)   The GP notes that our tender offer may give the lender the right to
     accelerate payoff of the 9.75% interest rate mortgage loan, but does not
     express an opinion as to whether the lender is likely to exercise its right
     to accelerate a loan that currently  bears interest well in excess of
     market rates. The GP also fails to indicate whether or not acceleration
     relieves the partnership of pre-payment penalties it would have to pay if
     it voluntarily prepaid the loan, and whether, as a result, the acceleration
     would have any adverse effect on the Partnership.

We believe our offer price fairly reflects these issues and risks. This is what
we do. Our offer simply affords owners an opportunity to turn their interests
into CASH NOW and at the same time eliminate the annual inconvenience and
expense of waiting for the K-1 to file tax returns. Certainly, you can choose
not to accept our limited offer but if you wish to accept, do so promptly as the
extended offer closes December 31, 2001.

MACKENZIE PATTERSON , INC.