<TABLE> <S> <C>


<ARTICLE>                     5
<CIK>                         0000763541
<NAME>                                                      PS PARTNERS V, LTD.
<MULTIPLIER>                                                                  1
<CURRENCY>                                                               U.S. $
       
<S>                                                                         <C>
<PERIOD-TYPE>                                                            12-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1997
<PERIOD-START>                                                       JAN-1-1997
<PERIOD-END>                                                        DEC-31-1997
<EXCHANGE-RATE>                                                               1
<CASH>                                                                1,002,000
<SECURITIES>                                                                  0
<RECEIVABLES>                                                                 0
<ALLOWANCES>                                                                  0
<INVENTORY>                                                                   0
<CURRENT-ASSETS>                                                         14,000
<PP&E>                                                                1,530,000
<DEPRECIATION>                                                        (430,000)
<TOTAL-ASSETS>                                                       37,306,000
<CURRENT-LIABILITIES>                                                    95,000
<BONDS>                                                                       0
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                      0
<OTHER-SE>                                                           37,211,000
<TOTAL-LIABILITY-AND-EQUITY>                                         37,306,000
<SALES>                                                                       0
<TOTAL-REVENUES>                                                      3,420,000
<CGS>                                                                         0
<TOTAL-COSTS>                                                           112,000
<OTHER-EXPENSES>                                                        190,000
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                            0
<INCOME-PRETAX>                                                       3,118,000
<INCOME-TAX>                                                                  0
<INCOME-CONTINUING>                                                   3,118,000
<DISCONTINUED>                                                                0
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                          3,118,000
<EPS-PRIMARY>                                                             18.19
<EPS-DILUTED>                                                             18.19
        

</TABLE>