LIDO ASSOCIATES, L.L.C. 4343 VON KARMAN AVENUE NEWPORT BEACH, CA 92660 JANUARY 14, 1997 To Holders of Units of Limited Partnership Interests ("Units") of: T. ROWE PRICE REALTY INCOME FUND I, a No-Load Limited Partnership ("TRP I"), T. ROWE PRICE...Lido Associates LLC • January 14th, 1997
------------------------ 1. Information sources are (a) Form 10-K for the years ended September 30, 1995 and 1996 filed with the Securities and Exchange Commission (the "Commission") by (TRP I); (b) Form 10-K for the year ended December 31, 1995 filed with the Commission by each of TRP II, TRP III, and TRP IV; and (c) Form 10-Q for the quarter ended September 30, 1996 filed with the Commission by each of TRP II, TRP III, and TRP IV. B. LIDO OFFER--DISCOUNT PER UNIT
