<TABLE> <S> <C>


<ARTICLE>                        5
<LEGEND>                         THIS SCHEDULE CONTAINS SUMMARY FINANCIAL
                                 INFORMATION EXTRACTED FROM GREAT NORTHERN
                                 IRON ORE PROPERTIES' BALANCE SHEET AS OF
                                 DECEMBER 31, 1995 AND INCOME STATEMENT FOR
                                 THE YEAR ENDED DECEMBER 31, 1995 AND IS
                                 QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
                                 SUCH FINANCIAL STATEMENTS.

</LEGEND>
       
<S>                                                            <C>
<PERIOD-TYPE>                                                         YEAR
<FISCAL-YEAR-END>                                              DEC-31-1995
<PERIOD-END>                                                   DEC-31-1995
<CASH>                                                             262,525
<SECURITIES>                                                     8,377,338
<RECEIVABLES>                                                    2,314,340
<ALLOWANCES>                                                             0
<INVENTORY>                                                              0
<CURRENT-ASSETS>                                                 7,185,201
<PP&E>                                                          37,837,567
<DEPRECIATION>                                                  32,716,055
<TOTAL-ASSETS>                                                  16,335,426
<CURRENT-LIABILITIES>                                            2,292,519
<BONDS>                                                                  0
<PREFERRED-MANDATORY>                                                    0
<PREFERRED>                                                              0
<COMMON>                                                                 0
<OTHER-SE>                                                      14,042,907
<TOTAL-LIABILITY-AND-EQUITY>                                    16,335,426
<SALES>                                                          9,160,966
<TOTAL-REVENUES>                                                 9,656,304
<CGS>                                                                    0
<TOTAL-COSTS>                                                            0
<OTHER-EXPENSES>                                                 1,507,017
<LOSS-PROVISION>                                                         0
<INTEREST-EXPENSE>                                                       0
<INCOME-PRETAX>                                                  8,149,287
<INCOME-TAX>                                                             0
<INCOME-CONTINUING>                                              8,149,287
<DISCONTINUED>                                                           0
<EXTRAORDINARY>                                                          0
<CHANGES>                                                                0
<NET-INCOME>                                                     8,149,287
<EPS-PRIMARY>                                                         5.43
<EPS-DILUTED>                                                            0
        


</TABLE>