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BIGHORN ASSOCIATES LLC
FIVE CAMBRIDGE CENTER
9TH FLOOR
CAMBRIDGE, MASSACHUSETTS 02142
January 17, 2001
Dear Limited Partner:
We are offering to acquire your units of limited partnership interest
in Resources Accrued Mortgage Investors 2, L.P. (your "partnership") for $90 per
Unit in cash. Enclosed for your review and consideration are documents relating
to our Offer to purchase your Units. Our offer will expire at 12:00 midnight,
New York City time on February 20, 2001 (unless extended by us).
The general partners of your partnership are our affiliates. As a
result of this affiliation, your partnership has indicated that it is remaining
neutral and making no recommendation as to whether its limited partners should
tender their Units in response to our Offer. LIMITED PARTNERS ARE URGED TO READ
OUR OFFER TO PURCHASE AND THE RELATED MATERIALS AND THE ENCLOSED SCHEDULE 14D-9
CAREFULLY AND IN THEIR ENTIRETY BEFORE DECIDING WHETHER TO TENDER THEIR UNITS.
To accept our offer, complete the enclosed letter of transmittal and
return it to us on or prior to February 20, 2001 (unless the offer is extended
by us).
If you have any questions concerning the terms of the offer, or need
assistance in completing the forms necessary to tender your units, please
contact us at (888) 448-5554.
You should evaluate our offer based on your own particular financial
circumstances. Our offer contains numerous terms and conditions that you should
review before making a decision, including certain risk factors that are
summarized on the first page of our offer to purchase. We suggest that you
review our offer to purchase with your personal financial and tax advisors.
BIGHORN ASSOCIATES LLC
