Exhibit (a)(3)






May 30, 2006



TO:          UNIT HOLDERS OF First Wilkow Venture, a Limited Partnership

SUBJECT:     OFFER TO PURCHASE UNITS

Dear Unit Holder:

As described in the enclosed Offer to Purchase and related Letters of
Transmittal (the "Offer") the Purchasers named in the attached Offer
(collectively the "Purchasers") are offering to purchase all Units of limited
partnership interest (the "Units") in First Wilkow Venture, a Limited
Partnership (the "Partnership") at a purchase price equal to:

                                  $40 per Unit
                                  ------------

The Offer will provide you with an opportunity to liquidate all, or a portion
of, your investment in First Wilkow Venture, a Limited Partnership without the
usual transaction costs associated with market sales or partnership transfer
fees.

After carefully reading the enclosed Offer, if you elect to tender your Units,
mail (using the enclosed pre-addressed, postage paid envelope) or fax (then
mail) a duly completed and executed copy of the Letter of Transmittal (printed
on green paper) and change of address forms, and any other documents required by
the Letter of Transmittal, to the Depositary for the Offer at:

                         MacKenzie Patterson Fuller, LP
                               1640 School Street
                            Moraga, California 94556
                            Facsimile: (925) 631-9119


If you have any questions or need assistance, please call the Depository at
800-854-8357.

This Offer expires (unless extended) July 11, 2006.