Exhibit 99



                                               February 1, 2002

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

         Re: Arthur Andersen LLP ("Andersen")

Ladies and Gentlemen:

         Pursuant to Temporary Note 3T to Article 3 of Regulation  S-X,  Polaris
Aircraft   Income  Fund  I  (the   "Partnership")   has  obtained  a  letter  of
representation from Andersen, its independent public accountants, that the audit
of the financial  statements of the Partnership included in its Annual Report on
Form 10-K for the year ended December 31, 2001, to which this letter is filed as
an exhibit, was subject to Andersen's quality control system for U.S. accounting
and auditing  practice to provide  reasonable  assurance that the engagement was
conducted  in  compliance  with  professional   standards  and  that  there  was
appropriate   continuity  of  Andersen   personnel  working  on  the  audit  and
availability of national office consultation to conduct the relevant portions of
the audit.  Availability of personnel at foreign  affiliates of Andersen was not
relevant to this audit.

                                 Very truly yours,

                                 POLARIS AIRCRAFT INCOME
                                 FUND I

                                 By: Polaris Investment
                                     Management Corporation,
                                     General Partner

                                 By:  /S/ KEITH HELMING
                                     -----------------------------------------
                                     Name:  Keith Helming
                                     Title:  Chief Financial Officer