10-Q/A

                                 FORM 10-Q
                               AMENDMENT NO. 1

                     SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549


(Mark One)

        (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                    SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended March 31, 1995

                                     OR

       (  ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

                       Commission file number 0-17617


                    LUTHERAN BROTHERHOOD REALTY FUND I,
                     a California limited partnership
           (Exact name of registrant as specified in its charter)

California                                                  94-3046442
(State or other jurisdiction        (I.R.S. Employer Identification No.)
of incorporation or organization)

                          625 Fourth Avenue South
                        Minneapolis, Minnesota 55415
                  (Address of principal executive offices)


                              (612) 339-8091
           (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act 
of 1934 during the preceding 12 months (or for such shorter period that the 
Registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.

Yes   X              No         



                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.


                                        LUTHERAN BROTHERHOOD REALTY FUND I,
                                        a California limited partnership

                                        By:    Lutheran Brotherhood Real
                                               Estate Products Company,
                                               Its General Partner




Date: November 27, 1995                 By: /s/ Mitchell F. Felchle
                                            Mitchell F. Felchle
                                            President



Date: November 27, 1995                 By: /s/ Anita J. T. Young
                                            Anita J. T. Young
                                            Treasurer
                                            (Chief Financial Officer)




INDEX TO EXHIBIT


                                                           PAGE IN
                                                           REGISTRATION
EXHIBIT NUMBER                                             STATEMENT

     27              Financial Data Schedule


2

EX-27

 


<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Lutheran
Brotherhood Realty Fund I Form 10-Q for the Quarter ended March 31, 1995 and 
is qualified in its entirety by reference to such Form 10-Q.

<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                             585
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   585
<PP&E>                                            2248
<DEPRECIATION>                                     281
<TOTAL-ASSETS>                                    4769
<CURRENT-LIABILITIES>                               60
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                        4709
<TOTAL-LIABILITY-AND-EQUITY>                      4769
<SALES>                                            133
<TOTAL-REVENUES>                                   189
<CGS>                                               71
<TOTAL-COSTS>                                       71
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                     78
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                 78
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        78
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0