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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001455473-09-000007.txt : 20091119
<SEC-HEADER>0001455473-09-000007.hdr.sgml : 20091119
<ACCEPTANCE-DATETIME>20091119141440
ACCESSION NUMBER:		0001455473-09-000007
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(5)
FILED AS OF DATE:		20091119
DATE AS OF CHANGE:		20091119
EFFECTIVENESS DATE:		20091119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CM Notes Program I, LLC
		CENTRAL INDEX KEY:			0001455473
		IRS NUMBER:				263823306
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1209

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-126651
		FILM NUMBER:		091195548

	BUSINESS ADDRESS:	
		STREET 1:		1291 WEST GALLERIA DRIVE, SUITE 220
		CITY:			HENDERSON
		STATE:			NV
		ZIP:			89014
		BUSINESS PHONE:		702-795-7930

	MAIL ADDRESS:	
		STREET 1:		1291 WEST GALLERIA DRIVE, SUITE 220
		CITY:			HENDERSON
		STATE:			NV
		ZIP:			89014
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <cik>0001455473</cik>
        <entityName>CM Notes Program I, LLC</entityName>
        <issuerAddress>
            <street1>1291 WEST GALLERIA DRIVE, SUITE 220</street1>
            <city>HENDERSON</city>
            <stateOrCountry>NV</stateOrCountry>
            <zipCode>89014</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>702-795-7930</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
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        <edgarPreviousNameList>
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        <entityType>Limited Liability Company</entityType>
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            <value>2008</value>
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    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Todd</firstName>
                <middleName>B.</middleName>
                <lastName>Parriott</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1291 West Galleria Drive, Suite 220</street1>
                <city>Henderson</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89014</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of CM Notes Manager, LLC, the Manger</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rocky</firstName>
                <middleName>R.</middleName>
                <lastName>Derrick</lastName>
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                <street1>1291 West Galleria Drive, Suite 220</street1>
                <city>Henderson</city>
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                <zipCode>89014</zipCode>
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            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of CM Notes Manager, LLC, the Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <middleName>E.</middleName>
                <lastName>Greene</lastName>
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                <firstName>Stacy</firstName>
                <middleName>M.</middleName>
                <lastName>Riffe</lastName>
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                <city>Henderson</city>
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                <zipCode>89014</zipCode>
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            <relatedPersonRelationshipList>
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        <relatedPersonInfo>
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        <relatedPersonInfo>
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                <middleName>C.</middleName>
                <lastName>Ackerman</lastName>
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                <city>Henderson</city>
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            <relationshipClarification>Executive Officer of CM Notes Manager, LLC, the Manager</relationshipClarification>
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    <offeringData>
        <industryGroup>
            <industryGroupType>REITS and Finance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.5</item>
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                <previousAccessionNumber>0001455473-09-000006</previousAccessionNumber>
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            <dateOfFirstSale>
                <value>2009-01-30</value>
            </dateOfFirstSale>
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        <typesOfSecuritiesOffered>
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        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
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            <recipient>
                <recipientName>Charles E. Delao</recipientName>
                <recipientCRDNumber>1368310</recipientCRDNumber>
                <associatedBDName>Harrison Douglas, Inc.</associatedBDName>
                <associatedBDCRDNumber>16515</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4420 Hotel Circle Court, Suite 350</street1>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92108</zipCode>
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                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>OH</state>
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            </recipient>
            <recipient>
                <recipientName>Robert K. Gump</recipientName>
                <recipientCRDNumber>231970</recipientCRDNumber>
                <associatedBDName>Harrison Douglas, Inc.</associatedBDName>
                <associatedBDCRDNumber>16515</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5320 Carpinteria Ave., G</street1>
                    <city>Carpinteria</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>93103</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
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            </recipient>
            <recipient>
                <recipientName>Rex Bland</recipientName>
                <recipientCRDNumber>2442941</recipientCRDNumber>
                <associatedBDName>CapWest Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>30002</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1625 West Garriott, Suite G</street1>
                    <city>Enid</city>
                    <stateOrCountry>OK</stateOrCountry>
                    <zipCode>73703</zipCode>
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                    <state>TX</state>
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            <recipient>
                <recipientName>Andrew Bolt</recipientName>
                <recipientCRDNumber>1594587</recipientCRDNumber>
                <associatedBDName>Harrison Douglas, Inc.</associatedBDName>
                <associatedBDCRDNumber>16515</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3025 South Parker Road, 801</street1>
                    <city>Aurora</city>
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                <recipientCRDNumber>1458438</recipientCRDNumber>
                <associatedBDName>Harrison Douglas, Inc.</associatedBDName>
                <associatedBDCRDNumber>16515</associatedBDCRDNumber>
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                    <street1>20325 Center Ridge Road, #614</street1>
                    <city>Rocky River</city>
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                    <zipCode>44116</zipCode>
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                <recipientName>Lawrence W. Lambert Sr.</recipientName>
                <recipientCRDNumber>301059</recipientCRDNumber>
                <associatedBDName>CapWest Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>30002</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>633 Berkmar Circle, Suite One</street1>
                    <city>Charlottesville</city>
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                    <zipCode>22901</zipCode>
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                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
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                    <city>Novato</city>
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                    <street2>Suite 2460</street2>
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                    <stateOrCountry>CA</stateOrCountry>
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                    <city>Sacramento</city>
                    <stateOrCountry>CA</stateOrCountry>
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                    <street2>Suite 109</street2>
                    <city>Brea</city>
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                    <city>McKinney</city>
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                </statesOfSolicitationList>
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            <recipient>
                <recipientName>Robert J. Zamecki</recipientName>
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                <associatedBDCRDNumber>41812</associatedBDCRDNumber>
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                    <street1>333 Hegenberger Road</street1>
                    <street2>Suite 514</street2>
                    <city>Oakland</city>
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                    <state>CA</state>
                    <state>OR</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>25000000</totalOfferingAmount>
            <totalAmountSold>1235000</totalAmountSold>
            <totalRemaining>23765000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>24</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>875000</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>CM Notes Program I, LLC</issuerName>
                <signatureName>/Jeffrey D. Barton</signatureName>
                <nameOfSigner>Jeffrey D. Barton</nameOfSigner>
                <signatureTitle>Corp. Secretary and Treas. of Manager-CM Notes Manager, LLC</signatureTitle>
                <signatureDate>2009-11-19</signatureDate>
            </signature>
        </signatureBlock>
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