2006 Proxy Additional Materials

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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M/I Homes, Inc.

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April 24, 2006

Sean F. Hanna

Fidelity Management & Research Company

Investment Proxy Research Group

19 Congress Street

Boston, MA 02109

Re: M/I Homes, Inc.

Dear Mr. Hanna:

Thank you for taking the time to discuss with M/I Homes, Inc. its proposed 2006 Director Equity Incentive Plan (the “Plan”). As you know, our shareholders will be considering and voting on a proposal to approve the adoption of the Plan at our upcoming Annual Meeting of Shareholders on April 27, 2006. We appreciate Fidelity sharing its thoughts regarding the Plan with us.

Consistent with the discussions between M/I Homes, Inc. and Fidelity, the purpose of this letter is to inform Fidelity that our management will recommend to the Board of Directors of M/I Homes, Inc. at a regularly scheduled Board meeting during the 2006 fiscal year that the Plan be amended in the following respects:

1. That Section 7.00 of the Plan be amended to provide that the grant of Whole-Share Awards under Section 7.00 of the Plan be limited to 5% or less of the Shares authorized under the Plan;

2. That Section 3.01 of the Plan be amended to provide that the Compensation Committee of the Board (or another committee of the Board comprised solely of independent directors) be responsible for the grant and administration of discretionary awards to Directors; and

3. That Section 11.00 of the Plan be amended to provide that shareholder approval be required to amend the Plan to (a) materially increase the benefits accruing to participants under the Plan, (b) materially increase the aggregate number of Shares that may be issued under the Plan, and (c) materially modify the requirements as to eligibility for participation in the Plan.

If you have any questions regarding the foregoing, please call me at your convenience. Again, thank you for your assistance and support.

Very truly yours,

/s/ J. Thomas Mason, Esq.

J. Thomas Mason,

Senior Vice President, General Counsel and

Secretary