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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 NHRiRhxfXeibRPon40toU16EVJ+++BOL/U8S7B/QOVJqyz67qpzljegxuUYqb3Io
 2ux+slYLQiMQL0uBLidkXA==

<SEC-DOCUMENT>0000950172-06-000138.txt : 20060222
<SEC-HEADER>0000950172-06-000138.hdr.sgml : 20060222
<ACCEPTANCE-DATETIME>20060222095107
ACCESSION NUMBER:		0000950172-06-000138
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020321
FILED AS OF DATE:		20060222
DATE AS OF CHANGE:		20060222

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVANTAGE ADVISERS MULTI - SECTOR FUND I
		CENTRAL INDEX KEY:			0001157543
		IRS NUMBER:				010561092
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		200 PARK AVENUE
		STREET 2:		24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		2126677000

	MAIL ADDRESS:	
		STREET 1:		200 PARK AVENUE
		STREET 2:		24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER HOLDINGS INC
		CENTRAL INDEX KEY:			0000791963
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-10473
		FILM NUMBER:		06634833

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1110, P.O. BOX 2015
		STREET 2:		20 EGLINTON AVE. WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4R 1K8
		BUSINESS PHONE:		(416)322-1515

	MAIL ADDRESS:	
		STREET 1:		PO BOX 2015 SUITE 1110
		STREET 2:		20 EGLINTON AVENUE WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4R 1K8

	FORMER NAME:	
		FORMER CONFORMED NAME:	FAHNESTOCK VINER HOLDINGS INC
		DATE OF NAME CHANGE:	19950725

	FORMER NAME:	
		FORMER CONFORMED NAME:	VINER E A HOLDINGS LTD
		DATE OF NAME CHANGE:	19880622

	FORMER NAME:	
		FORMER CONFORMED NAME:	GOLDALE INVESTMENTS LTD
		DATE OF NAME CHANGE:	19861030
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2002-03-21</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001157543</issuerCik>
        <issuerName>ADVANTAGE ADVISERS MULTI - SECTOR FUND I</issuerName>
        <issuerTradingSymbol>XAMSX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000791963</rptOwnerCik>
            <rptOwnerName>OPPENHEIMER HOLDINGS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PO BOX 2015 SUITE 1110</rptOwnerStreet1>
            <rptOwnerStreet2>20 EGLINTON AVENUE WEST</rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M4R 1K8</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See note 1</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5936.842</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See note 2</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <remarks>1. The Reporting Person is the ultimate corporate parent of the managing member of the Fund's investment adviser.  The Investment Advisory Agreement was dated March 21, 2002.

2. Fund shares are held directly by the adviser and indirectly by the Reporting Person due to its interest in the adviser.  The Reporting Person disclaims beneficial owernship of any Fund shares except as to those in which it may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a)(2).

3. This filing is made on behalf of the Reporting Person and all subsidiaries of the Reporting Person.</remarks>

    <ownerSignature>
        <signatureName>/s/ Deborah Kaback</signatureName>
        <signatureDate>2006-02-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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