SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   SCHEDULE TO

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

                                 FINAL AMENDMENT

                    MEVC DRAPER FISHER JURVETSON FUND I, INC.
                                (Name of Issuer)

                    MEVC DRAPER FISHER JURVETSON FUND I, INC.
                      (Name of Person(s) Filing Statement)

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                         (Title of Class of Securities)

                                    553829102
                      (CUSIP Number of Class of Securities)

                                 Michael Tokarz
                    meVC Draper Fisher Jurvetson Fund I, Inc.
                                287 Bowman Avenue
                               Purchase, NY 10577
                                 (914) 251-1825


   (Name, Address and Telephone Number of Person Authorized to Receive Notices
         and Communications on Behalf of the Person(s) Filing Statement)

                                 With a copy to:
                            Kenneth S. Gerstein, Esq.
                            Schulte Roth & Zabel LLP
                                919 Third Avenue
                            New York, New York 10022
                                 (212) 756-2533

                                November 26, 2003
                       (Date Tender Offer First Published,
                       Sent or Given to Security Holders)







                            CALCULATION OF FILING FEE

- ----------------------- -------------------- --------------------- -------------
Transaction Valuation:  $32,507,107.50  (a)  Amount of Filing Fee  $2,629.83 (b)
- ----------------------- -------------------- --------------------- -------------


(a)  Calculated as the aggregate maximum purchase price for limited
     liability company interests.

(b)  Calculated at $80.90 per $1,000,000 of the Transaction Valuation.

[X]  Check the 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:  $2,629.83
Form or Registration No:  SCHEDULE TO, REGISTRATION NO. 005-78303
Filing Party:  MEVC DRAPER FISHER JURVETSON FUND I, INC.
Date Filed:  November 26, 2003

[ ] 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:

[ ]  third-party tender offer subject to Rule 14d-1.

[X]  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: [X].







         This final  amendment  relates to the Issuer Tender Offer  Statement on
Schedule TO (the "Statement")  originally filed November 26, 2003 by MEVC DRAPER
FISHER  JURVETSON FUND I, IN=C.  (the "Fund") in connection with an offer by the
Fund to  purchase  up to  4,038,150  shares  of  common  stock of the Fund  (the
"Shares") on the terms and subject to the  conditions  set forth in the Offer to
Purchase and the related Letter of Transmittal.  Copies of the Offer to Purchase
and Letter of Transmittal were previously filed as Exhibits (a)(1) and (a)(2) to
the Statement on November 26, 2003.

         This is the final  amendment  to the  Statement  and is being  filed to
report the results of the Offer.  Capitalized terms not otherwise defined herein
shall have the meanings ascribed to them in the Offer to Purchase.

         The following information is furnished pursuant to Rule 13e-4(c)(4):

         1. The Offer expired at 5:00 p.m., Eastern Time, on December 31, 2003.

         2. The Valuation Date of the Shares tendered  pursuant to the Offer was
December 31, 2003.

         3. 3,859,558  Shares were validly  tendered and not withdrawn  prior to
the expiration of the Offer,  and all of those Shares were accepted for purchase
by the Fund in accordance with the terms of the Offer.

         4. Payment of the purchase price for the Shares was made on January 10,
2004, in cash, to those Members  tendering their Shares.  Shareholders  received
95% of the  unaudited  net asset value of the Shares  tendered  and accepted for
purchase by the Fund, an amount equal to $8.18 per Share.



                                    SIGNATURE

         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.


                                            MEVC DRAPER FISHER JURVETSON
                                            FUND I, INC.

                                            By:    /s/ Michael Tokarz
                                               --------------------------
                                                  Name:   Michael Tokarz
                                                  Title:  Chairman

January 12, 2004