2007 LETTER TO SHARE MEMBERS

Dear Share Members,

As MONOPOLY I, L.L.C. (M1) closes in on completing its first year in business, it is time to analyze our successes and failures over the past year as well as develop a strategic plan for the coming year. This letter will address the areas in which we have performed exceptionally along with the areas of needed improvement. Also in this report, each member of our management team will identify their key objectives for the coming 12 months.

HIGHEST PRIORITY

Attract and retain share members. Until we reach 100 share members, M1 will not fully achieve its stated growth objectives. Therefore, we will continue to accept investor applications until the company reaches its goal of 100 investors. Each investor is expected to be committed to the company’s growth objectives. Investors are asked to provide a minimum initial investment of $200 with subsequent monthly investments of $200. Investors can make annual investments of $2,400. The maximum investment an investor or jointly held investment account can contribute is $20,000 per year.

Our goal for 2007 is to obtain 70 share members by year-end. In order to accomplish this goal, we all need to proactively solicit investors. Investors will largely come from personal acquaintances (friends and family) of the share members. I ask that each and every one of us make it a point to share our unique financial opportunity with everyone we know until we each bring in two new share members to our company. If every current share member accepts this challenge and achieves it by the end of the year, we as a company will have achieved our highest priority goal of attaining 100 share members.

TARGET MARKET

The U.S. apartment market remained strong in the first quarter, and most areas did not yet show an impact from the recent mortgage crisis as rents rose and the vacancy rate was little changed. Experts are looking ahead for a rise in demand for apartments from people who are no longer able to buy or who lose their homes as mortgage foreclosures rise and mortgage lending standards tighten. On March 13, 2007, USA TODAY reported that the Mortgage Bankers Association said more than 2.1 million Americans with a home loan missed at least one payment at the end of last year — and the rate of new foreclosures hit a record. The state of Missouri experienced 6.1% of loans becoming delinquent during the 4th quarter in 2006. "We haven't seen the full extent of the impact from the increase in foreclosures and the stress on subprime mortgages, and we'll have to keep watching this very closely in the coming quarters," said Sam Chandan, Reis chief economist. In short, M1 should see demand for rental units continue to increase in both the short- and long-term.

ACQUISITIONS

We expect to see a greater demand for one-bedroom apartments. Based on a report published by the census bureau, Joplin has 21,362 housing units, with 8,128, or 38%, of them being rentals. The majority of the rental units are two-bedrooms and three-bedrooms, 31% and 26.3% respectively. One-bedroom apartments represent 17.7% of the rental units available. The demand for one-bedroom apartments is much higher, as 83% of non-family households are 1 person and 48% of family households are 2 persons. With such a discrepancy between supply and demand, it makes strategic sense to purchase apartment buildings with one-bedroom apartments to not only diversify our current holdings, but to also position ourselves for the current and anticipated future increase in demand. Currently M1 does not own any apartment buildings with one-bedroom units.

INTERNAL OPERATIONS

The Internal Operations Team is focused on ensuring that the growth of M1, from a small to mid-size company, is successful. The key customers of the Operations Team are M1 share members and tenants. It is the responsibility of the Operations Team to ensure that robust & efficient processes are in place to protect our customers. Improvements will be made to the existing management succession plan, data and intellectual property management, and standard operating procedures to improve our operating efficiencies and to protect the investments of M1 share members. The improvements in these core processes will be the foundation to ensure current and future company employees will follow processes that meet the needs of M1 share members and tenants.

PROPERTY MANAGEMENT

It makes sense to keep our units in the best possible shape with maintenance and repairs. Well-maintained properties have a greater value, will allow us to raise our rents, and will allow us to keep good tenants in place longer.

Also, by performing routine maintenance and repairs, we can avoid major renovations that will occur when small problems go unresolved.

Capital improvements scheduled for 2007:

 Paint stairs/railings on all sides of building (6th, 3808)
 Stripe parking area (6th)
 Enclose dumpster (6th, 3808/3804)
 Replace balcony carpet (3804)
 Fence-in yard (831 Grand)
 Paint exterior (824 & 831 Grand)
 Budget: $6,500 (5.4% of Gross Rents)

INFORMATION TECHNOLOGY

The Technology Team will have a focus on getting share members more access to information about their investments as well as working with the Marketing Team to give all electronic communications (blog, web site, email etc...) a “Monopoly branded” look and feel.

Over the course of the next few months you can expect to see a web site emerge that will allow for even easier access to your M1 investment information. As we grow, we will try to add additional features to the site to add to the share members’ experience while online with MONOPOLY.

FINANCIALS

The financial strategy of M1 emphasizes reinvestment of income for growth during the first three years of operation, with the company reaching profitability in its first year. Annual revenue projections are, for the current year, $64,800; for 2008, $136,800; and for 2009, $381,200.

As of May 31, 2007 we have accomplished the following:

*GOAL / ACTUAL

Assets: *$1,000,000 / $1,016,709

Liabilities: *$ 800,000 / $ 717,125

Capital Investment: *$ 220,000 / $ 269,698

Share Price: *$ 11.20 / $ 11.80

Net Income: Gain/(Loss): *($17,321) / ($5,582)

# of Share Members: *50 / 36

*GOAL TIME FRAME (June 1, 2006 – June 30, 2007)

SHARE MEMBER EXPECTATIONS

MONOPOLY PROVIDES TWO RATES OF RETURN:

INCOME STREAM:

WHAT TO EXPECT WITH A $200/MONTH INVESTMENT OVER THE 10 YEAR PERIOD:

TOTAL INVESTMENT: $24,000

DIVIDENDS:

YEAR 4-10 (2.5%): $3,000*

YEAR 11-15 (4.5%): $5,000*

YEAR 16-20 (9.6%): $15,500*

*Projected total dividends for the period of time

AFTER 20 YEARS OF DIVIDENDS BEING REINVESTED ALONG WITH ORIGINAL $24,000 INVESTMENT...YOU HAVE A TOTAL OF: $47,500.

YEAR 21: $47,500 x 9.6% = $4,560/year. (LIFE TIME INCOME)

IF YOU CONSIDER YOUR ORIGINAL INVESTMENT OF $24,000 WITH AN INCOME STREAM OF $4,560, THAT REPRESENTS A 19% INCOME STREAM FROM YOUR ORIGINAL INVESTMENT!

STOCK APPRECIATION:

ORGINAL INVESTMENT: $24,000

PROPERTY APPRECIATION RATE: 28.81% (OVER 20 YEAR PERIOD)

YEAR 21: TOTAL INVESTMENT VALUE: $158,301


All financial results are based on projections and actual returns may differ based on amount invested, company operations, and property appreciation rates actually experienced.

SUMMARY

A new survey by Citi Smith Barney (Feb 2007) says that over half of millionaires and 40 percent of affluent investors (those with $100,000 in assets, approximately 25 percent of the U.S. population) surveyed believe that real estate is a good investment.

That's because they practice what they preach. While about 67 percent of American residents own a home, and one in ten people of all economic backgrounds own a second home, among the wealthy, nine out of ten own some sort of real estate investment accounting for one-third of their portfolio, and the majority (52 percent) report that despite a softening housing market, their real estate investments have increased over the last year.

What’s the message from this report?

Answer: If you want a safe and effective way to accumulate wealth over the long-term you MUST invest in real estate.

Obviously, we have all subscribed to this theory, otherwise we wouldn’t be invested in MONOPOLY I, L.L.C. This report, however, reiterates our company’s purpose: Bringing 100 investors together to be part of a unique financial opportunity where they will favorably impact their life and lives of generations to come.

Donald Trump said, “When it comes to reliable investments, real estate investing is the best wealth-builder in the world. It's tangible, it's solid, it’s beautiful, and it's artistic. I just love real estate.”

I agree with Mr. Trump.



William R. Holstine
President/CEO
MONOPOLY I, L.L.C.
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MONOPOLY I, L.L.C. (M1), a limited liability company, is engaged in the acquisition, ownership, management, and redevelopment of rental properties. The company rents and leases its rental units to a diverse base of residents. As of June 1, 2007, M1 owned a real estate portfolio of 5 rental properties containing approximately 26 apartment units located in Joplin, Missouri. M1 was founded in 2006 and is headquartered in Joplin, Missouri. For more information about M1, please visit our blog at www.monopoly1llc.blogspot.com