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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001312323-09-000003.txt : 20090205
<SEC-HEADER>0001312323-09-000003.hdr.sgml : 20090205
<ACCEPTANCE-DATETIME>20090205102611
ACCESSION NUMBER:		0001312323-09-000003
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090205
DATE AS OF CHANGE:		20090205
EFFECTIVENESS DATE:		20090205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Investors Towne Center Partners I L P
		CENTRAL INDEX KEY:			0001312323
		IRS NUMBER:				201450401
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-72144
		FILM NUMBER:		09570336

	BUSINESS ADDRESS:	
		STREET 1:		100 WINNERS CIRCLE
		STREET 2:		SUITE 400
		CITY:			BRENTWOOD
		STATE:			TN
		ZIP:			37027
		BUSINESS PHONE:		615-661-5543

	MAIL ADDRESS:	
		STREET 1:		100 WINNERS CIRCLE
		STREET 2:		SUITE 400
		CITY:			BRENTWOOD
		STATE:			TN
		ZIP:			37027
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0201</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001312323</cik>
        <entityName>Investors Towne Center Partners I L P</entityName>
        <issuerAddress>
            <street1>100 WINNERS CIRCLE</street1>
            <street2>SUITE 400</street2>
            <city>BRENTWOOD</city>
            <stateOrCountry>TN</stateOrCountry>
            <zipCode>37027</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>615-661-5543</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>TN</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2004</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>Edward</middleName>
                <lastName>Himelrick</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>100 Winners Circle</street1>
                <street2>Suite 400</street2>
                <city>Brentwood</city>
                <stateOrCountry>TN</stateOrCountry>
                <zipCode>37027</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>Dale</middleName>
                <lastName>Pierce</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>100 Winners Circle</street1>
                <street2>Suite 400</street2>
                <city>Brentwood</city>
                <stateOrCountry>TN</stateOrCountry>
                <zipCode>37027</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-001549</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2004-11-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Jane M. Higgins</recipientName>
                <recipientCRDNumber>5519116</recipientCRDNumber>
                <associatedBDName>Investors Advisory Services LLC</associatedBDName>
                <associatedBDCRDNumber>47083</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 Winners Circle</street1>
                    <street2>Suite 400</street2>
                    <city>Brentwood</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <zipCode>37027</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <state>KY</state>
                    <state>TN</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Chris A. Keith</recipientName>
                <recipientCRDNumber>4407560</recipientCRDNumber>
                <associatedBDName>Investors Advisory Services LLC</associatedBDName>
                <associatedBDCRDNumber>47083</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 Winners Circle</street1>
                    <street2>Suite 400</street2>
                    <city>Brentwood</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <zipCode>37027</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <state>KY</state>
                    <state>TN</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Ralph M. Kelton</recipientName>
                <recipientCRDNumber>4982479</recipientCRDNumber>
                <associatedBDName>Investors Advisory Services LLC</associatedBDName>
                <associatedBDCRDNumber>47083</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 Winners Circle</street1>
                    <street2>Suite 400</street2>
                    <city>Brentwood</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <zipCode>37027</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <state>KY</state>
                    <state>TN</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Charles M. Renner</recipientName>
                <recipientCRDNumber>5547766</recipientCRDNumber>
                <associatedBDName>Investors Advisory Services LLC</associatedBDName>
                <associatedBDCRDNumber>47083</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 Winners Circle</street1>
                    <street2>Suite 400</street2>
                    <city>Brentwood</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <zipCode>37027</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <state>KY</state>
                    <state>TN</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Joshua G. Tillman</recipientName>
                <recipientCRDNumber>4894979</recipientCRDNumber>
                <associatedBDName>Investors Advisory Services LLC</associatedBDName>
                <associatedBDCRDNumber>47083</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 Winners Circle</street1>
                    <street2>Suite 400</street2>
                    <city>Brentwood</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <zipCode>37027</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <state>KY</state>
                    <state>TN</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>20000000</totalOfferingAmount>
            <totalAmountSold>4021529</totalAmountSold>
            <totalRemaining>15978471</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>25</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>136</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1500000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Commission is 7.5% of Offering.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>500000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Offering &amp; Marketing expenses reimbursed to General Partner and/or affiliates.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Investors Towne Center Partners I L P</issuerName>
                <signatureName>James E. Himelrick, Jr.</signatureName>
                <nameOfSigner>James E. Himelrick, Jr.</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2009-02-05</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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