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

                                 Amendment No. 1
                                       to
                                   SCHEDULE TO

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

                       REEVES TELECOM LIMITED PARTNERSHIP
                            (Name of Subject Company)

 MPF-NY 2005, LLC; SCM SPECIAL FUND, LLC; MPF FLAGSHIP FUND 10, LLC; MPF DEWAAY
             PREMIER FUND 3, LLC; AND MACKENZIE PATTERSON FULLER, LP
                                    (Bidders)

                      UNITS OF LIMITED PARTNERSHIP INTEREST
                         (Title of Class of Securities)

                                 None or unknown
                      (CUSIP Number of Class of Securities)
                          ---------------------------
                                                  Copy to:
Christine Simpson                                 Chip Patterson, Esq.
MacKenzie Patterson Fuller, LP                    MacKenzie Patterson Fuller, LP
1640 School Street                                1640 School Street
Moraga, California  94556                         Moraga, California  94556
(925) 631-9100 ext.224                            (925) 631-9100 ext. 206

                     (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

         $905,781                                            $96.92

 *       For purposes of calculating the filing fee only.  Assumes the purchase
         of 1,811,562 Units at a purchase price equal to $0.50 per Unit in cash.

[X]      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: $96.92
         Form or Registration Number: SC TO-T
         Filing Party: MacKenzie Patterson Fuller, LP
         Date Filed: April 26, 2006

[ ]     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: [ ]




The Schedule TO filed as of April 26, 2006 by the above-named  bidders is hereby
amended as set forth below. Items not amended remain unchanged,  and capitalized
terms are used as defined in the original Schedule.

                                  TENDER OFFER

This Tender Offer Statement on Schedule TO relates to the offer (the "Offer") by
MPF-NY 2006,  LLC; SCM Special Fund,  LLC; MPF Flagship Fund 10, LLC; MPF DeWaay
Premier Fund 3, LLC  (collectively  the  "Purchasers")  to purchase all Units of
limited partnership interest (the "Units") in Reeves Telecom Limited Partnership
(the  "Partnership"),  the subject  company,  not already held by purchasers and
their affiliates at a purchase price equal to $0.50 per Unit, less the amount of
any  distributions  declared or made with respect to the Units between April 26,
2006 (the "Offer  Date") and May 26, 2006 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 April 26, 2006 (the "Offer
to Purchase") and the related Letter of Transmittal.

The  Purchasers  have extended the  Expiration  Date to June 16, 2006. As of the
date hereof,  a total of 94,452 Units have been tendered by unitholders  and not
withdrawn.  No other Units have been  tendered to date.  The Offer is also being
amended to replace the purchaser MPF-NY 2005, LLC with MPF-NY 2006, LLC.

Item 12. Exhibits.

(a)(1)   Offer to Purchase dated April 26, 2006*

(a)(2)   Letter of Transmittal*

(a)(3)   Form of Letter to Unit holders dated April 26, 2006*

(a)(4)   Form of Letter to Unit holders dated May 30, 2006

(a)(5)   Form of Press Release

(b)- (h) Not applicable.

* Previously filed and incorporated by reference from the Schedule TO filed with
the SEC by the Purchasers on April 26, 2006

                                   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:   May 30, 2006

MPF-NY 2005, LLC; SCM Special Fund, LLC; MPF Flagship Fund 10, LLC; MPF DeWaay
Premier Fund 3, LLC

By:      /s/ Chip Patterson
         ----------------------------
         Chip Patterson, Senior Vice President of Manager or
         General Partner of each filing person

MACKENZIE PATTERSON FULLER, LP

By:      /s/ Chip Patterson
         ----------------------------
         Chip Patterson, Senior Vice President





                                  EXHIBIT INDEX


Exhibit  Description

(a)(1)   Offer to Purchase dated April 26, 2006*

(a)(2)   Letter of Transmittal*

(a)(3)   Form of Letter to Unit holders dated April 26, 2006*

(a)(4)   Form of Letter to Unit holders dated May 30, 2006

(a)(5)   Form of Press Release

* Previously filed and incorporated by reference from the Schedule TO filed with
the SEC by the Purchasers on April 26, 2006