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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001479122-09-000001.txt : 20091221
<SEC-HEADER>0001479122-09-000001.hdr.sgml : 20091221
<ACCEPTANCE-DATETIME>20091221165542
ACCESSION NUMBER:		0001479122-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20091221
DATE AS OF CHANGE:		20091221
EFFECTIVENESS DATE:		20091221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Real Asset Equity Income Fund I, L.P.
		CENTRAL INDEX KEY:			0001479122
		IRS NUMBER:				271427554
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-137080
		FILM NUMBER:		091252830

	BUSINESS ADDRESS:	
		STREET 1:		3250 LACEY AVENUE
		STREET 2:		SUITE 130
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515
		BUSINESS PHONE:		630-690-1800

	MAIL ADDRESS:	
		STREET 1:		3250 LACEY AVENUE
		STREET 2:		SUITE 130
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001479122</cik>
        <entityName>Real Asset Equity Income Fund I, L.P.</entityName>
        <issuerAddress>
            <street1>3250 LACEY AVENUE</street1>
            <street2>SUITE 130</street2>
            <city>DOWNERS GROVE</city>
            <stateOrCountry>IL</stateOrCountry>
            <zipCode>60515</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>630-690-1800</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>B.</middleName>
                <lastName>Ausdal, Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3250 Lacey Avenue</street1>
                <street2>Suite 130</street2>
                <city>Downers Grove</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60515</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of Issuer's general partner, Real Asset Equity Income Fund I GP, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>J</middleName>
                <lastName>Simpson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3250 Lacey Avenue</street1>
                <street2>Suite 130</street2>
                <city>Downers Grove</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60515</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of Issuer's general partner, Real Asset Equity Income Fund I GP, LLC</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-12-07</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Robert E. Melin</recipientName>
                <recipientCRDNumber>1329025</recipientCRDNumber>
                <associatedBDName>Ausdal Financial Partners, Inc.</associatedBDName>
                <associatedBDCRDNumber>7995</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>220 North Main Street</street1>
                    <street2>Suite 400</street2>
                    <city>Davenport</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <zipCode>52801</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>20000000</totalOfferingAmount>
            <totalAmountSold>316000</totalAmountSold>
            <totalRemaining>19684000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1400000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>$1,400,000 represents an estimate of total sales commissions if offering is fully subscribed</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>40000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The general partner of issuer is entitled to reimbursement of offering and organizational expenses associated with this offering,in an aggregate amount equal to 2% of the gross proceeds from the sale of Units or $40,000, which ever is less</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Real Asset Equity Income Fund I, L.P.</issuerName>
                <signatureName>/James J. Simpson/</signatureName>
                <nameOfSigner>James J. Simpson</nameOfSigner>
                <signatureTitle>Manager of the general partner of Issuer</signatureTitle>
                <signatureDate>2009-12-21</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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