Millenium Management
155 N. Lake Avenue
Suite 1000
Pasadena, CA  91101
Phone 626-585-5920
Fax 626-585-5929



May 9, 2003


TO HOLDERS OF ORIGINAL UNITS OF
INCOME GROWTH PARTNERS, LTD. X

     Re:  Offer to Purchase  Original  Units for $850 Per Unit,  dated April 17,
          2003

Dear Unit Holder:

     YOU STILL HAVE UNTIL THE  EXPIRATION DATE OF MAY 19, 2003 TO GET $850 CASH
PER ORIGINAL UNIT. Investors should note that:

     o    The General  Partner has not yet listed the  Partnership's  properties
          for sale.

     o    The General  Partner has stated that if the  properties  were sold for
          $50 Million,  limited partners would receive  approximately  $162 more
          per Unit.  A $50  Million  sales  price  would  represent  about a 17%
          increase from the  appraisal  done a year ago. We believe that such an
          increase in value is unlikely  because the local rental market for the
          properties has softened  substantially  from a year ago,  according to
          brokers for the region.

     o    The Offer price exceeds by $199 per Unit (30%) the highest prior offer
          for Original Units of which Purchaser is aware, made November 12, 2002

     o    The Offer  price  exceeds by at least $463 per Unit (120%) the average
          price per unit for trades of  Partnership  interests  over the last 12
          months.

     o    No distributions can be made on the Original Units until approximately
          $4.1 Million ($510 per unit) more is distributed on the Class A Units,
          which would take 4 to 5 years at the rate of distributions made on the
          Class A Units over the last two years. No distributions have ever been
          made on the Original Units.


     Please sign and return an Agreement  of Transfer and Letter of  Transmittal
promptly (blue form) in the envelope provided to accept our offer.

     For answers to any questions you might have  regarding  these  materials or
our Offer, or assistance in the procedures for accepting our Offer and tendering
your Units, please contact us at (800) 611-4613 (toll free).


                                        Very truly yours,

                                        MILLENIUM MANAGMENT, LLC

     P.S. to Class A Unit Holders:  Several limited partners have indicated they
would  prefer to sell their Class A Units along with their  Original  Units.  If
this applies to you, please contact us to discuss your situation.