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

                                 Amendment No. 3
                                       To
                                   SCHEDULE TO

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

                         AMERICAN REPUBLIC REALTY FUND I
                            (Name of Subject Company)

                              MP VALUE FUND 4, LLC
                              MP VALUE FUND 6, LLC.
                    MACKENZIE PATTERSON SPECIAL FUND 3, LLC.
              PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME 3, L.P.
                           MACKENZIE PATTERSON, INC.
                                    (Bidders)

                          LIMITED PARTNERSHIP INTERESTS
                         (Title of Class of Securities)

                                      NONE
                      (CUSIP Number of Class of Securities)
                             -----------------------
                                             Copy to:
C.E. Patterson                               Paul J. Derenthal, Esq.
MacKenzie Patterson, Inc.                    Derenthal & Dannhauser
1640 School Street                           One Post Street, Suite 575
Moraga, California  94556                    San Francisco, California  94104
(925) 631-9100                               (415) 981-4844

                     (Name, Address and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

[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: $35.00
             Form or Registration Number:   Schedule TO
             Filing Party: Above Bidders
             Date Filed:  March 27, 2000

[ ]          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: [X]




                         FINAL AMENDMENT TO TENDER OFFER

     This final  amendment to Tender  Offer  Statement on Schedule TO relates to
the offer by MP VALUE  FUND 4, LLC;  MP VALUE FUND 6, LLC;  MACKENZIE  PATTERSON
SPECIAL FUND 3, L.P.; and PREVIOUSLY OWNED MORTGAGE  PARTNERSHIPS INCOME FUND 3,
L.P.  (collectively  the  "Purchasers") to purchase up to 3,500 units of limited
partnership  interest  (the  "Units")  in  AMERICAN  REPUBLIC  REALTY  FUND I, a
Wisconsin  limited  partnership (the "Issuer"),  the subject company.  The Offer
terminated on May 5, 2000. The Offer resulted in the tender by Unit holders, and
acceptance  for  payment  by the  Purchasers,  of a  total  of 200  Units.  Upon
completion  of the Offer,  the  Purchasers  held an aggregate  of  approximately
1,413.5 Units, or approximately 12.85% of the total outstanding Units.



                                   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 11, 2000

MP VALUE FUND 4, LLC

By MacKenzie Patterson, Inc., Manager

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President

MP VALUE FUND 6, LLC

By MacKenzie Patterson, Inc., Manager

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President

MACKENZIE PATTERSON SPECIAL FUND 3, LLC.

By MacKenzie Patterson, Inc., Manager

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President

PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3, LP

By MacKenzie Patterson, Inc., General Partner

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President


MACKENZIE PATTERSON, INC.

             By:     /s/ C. E. Patterson
                     C.E. Patterson,  President



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