1

                  FINANCIAL STATEMENTS AND
                INDEPENDENT AUDITORS' REPORT
                              
                    BURLINGTON ARBORETUM
                     LIMITED PARTNERSHIP
                              
              DECEMBER 31, 1997, 1996 AND 1995
Burlington Arboretum Limited Partnership


                      TABLE OF CONTENTS


INDEPENDENT AUDITORS' REPORT                           2

FINANCIAL STATEMENTS

     BALANCE SHEETS                                    3

     STATEMENTS OF OPERATIONS                          4

     STATEMENTS OF PARTNERS' DEFICIT                   5

     STATEMENTS OF CASH FLOWS                          6

     NOTES TO FINANCIAL STATEMENTS                     7

SUPPLEMENTAL INFORMATION

     INDEPENDENT    AUDITORS'   REPORT    ON    SUPPLEMENTAL
INFORMATION                                            15

     SCHEDULES OF EXPENSES                             16
                INDEPENDENT AUDITORS' REPORT

To the Partners
Burlington Arboretum Limited Partnership
     
     We  have  audited  the accompanying balance  sheets  of
Burlington Arboretum Limited Partnership as of December  31,
1997,   1996  and  1995,  and  the  related  statements   of
operations, partners' deficit and cash flows for each of the
three  years  in the period ended December 31,  1997.  These
financial   statements   are  the  responsibility   of   the
Partnership's management.  Our responsibility is to  express
an  opinion  on  these  financial statements  based  on  our
audits.

     We  conducted  our audits in accordance with  generally
accepted  auditing standards.  Those standards require  that
we plan and perform the audit to obtain reasonable assurance
about  whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis,
evidence  supporting  the amounts  and  disclosures  in  the
financial statements.  An audit also includes assessing  the
accounting principles used and significant estimates made by
management,  as  well  as evaluating the  overall  financial
statement presentation.  We believe that our audits  provide
a reasonable basis for our opinion.

     In  our  opinion, the financial statements referred  to
above   present  fairly,  in  all  material  respects,   the
financial   position   of   Burlington   Arboretum   Limited
Partnership as of December 31, 1997, 1996 and 1995, and  the
results  of its operations, the changes in partners' deficit
and its cash flows for each of the three years in the period
ended  December  31,  1997,  in  conformity  with  generally
accepted accounting principles.





Boston, Massachusetts
March 2, 1998
<TABLE>
            BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                                
                         Balance Sheets
                                
                December 31, 1997, 1996 and 1995
<CAPTION>
                                        1997      1996      1995
<S>                                                     <C> <C>
<C>
                             ASSETS

Investment in Real Estate:
 Land                                         $ 2,074,884   $
2,074,884                           $ 2,074,884
 Buildings, improvements and personal property, net
22,490,754                           23,163,275
23,918,733

                                     24,565,638
25,238,159                           25,993,617

Other Assets:
 Cash                                             287,786
245,774                                 172,005
 Tenant accounts receivable              11,295
43,085                                   22,741
 Reserve for replacements               153,899
82,262                                  110,525
 Security deposits funded               226,814
289,869                                 272,741
 Prepaid expenses and other assets      124,364
100,310                                  95,949
 Mortgage costs, net of accumulated amortization
  of $818,071, $766,447, and $714,823             697,697
749,321                                 800,945

                                      1,501,855
1,510,621                             1,474,906

   Total assets                     $26,067,493
$26,748,780                         $27,468,523

                LIABILITIES AND PARTNERS' DEFICIT

Liabilities Applicable to Investment in Real Estate:
   Mortgage payable                 $29,326,500
$29,326,500                         $29,326,500
  Deferred interest and related fees on mortgage
   payable                            2,266,350
2,216,927                             2,041,122
  Advances from general partner         395,533
395,533                                 395,533
  Advances from Dean Witter/Coldwell Banker       114,831
114,831                                 114,831
  Accrued mortgage interest and service fees      136,858
136,858                                 136,858

                                     32,240,072
32,190,649                           32,014,844

Other Liabilities:
 Accounts payable and accrued expenses             78,887
118,489                                 137,962
 Accrued management fees                 11,382
9,979                                    10,084
 Prepaid rent                             5,725
11,136                                    5,847
 Security deposits payable              223,466
289,211                                 270,478

                                        319,460
428,815                                 424,371

                                     32,559,532
32,619,464                           32,439,215

Partners' Deficit                    (6,492,039)
(5,870,684)                          (4,970,692)
                                   $26,067,493
$26,748,780                        $27,468,523
               See notes to financial statements.
</TABLE>
<TABLE>
            BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                                
                    Statements of Operations
                                
          Years ended December 31, 1997, 1996 and 1995

<CAPTION>
                                       1997      1996      1995
<S>                                                    <C>  <C>
<C>
Revenue:
 Rental income                     $ 4,560,678         $
4,127,965                          $ 3,715,751
 Miscellaneous income                  116,091
53,355                                  40,662

                                     4,676,769
4,181,320                            3,756,413

 Less Vacancies                        105,345
50,711                                  30,834
  Tenant concessions and employee
   and model apartments                 52,810
47,809                                  29,639

                                     4,518,614
4,082,800                            3,695,940

Expenses:
 Rental                                 94,680
53,118                                  89,766
 Administrative                        275,086
232,490                                194,581
 Maintenance                           586,158
609,424                                540,552
 Utilities                             183,782
218,443                                175,816
 Insurance                              60,802
80,225                                  82,844
 Management fee                        156,411
121,375                                118,523
 Real estate taxes                     245,490
246,526                                254,742

                                     1,602,409
1,561,601                            1,456,824

                                     2,916,205
2,521,199                            2,239,116

Other income (expenses):
 Depreciation                         (832,798)
(820,992)                             (832,030)
 Amortization                          (51,624)
(51,624)                               (51,626)
 Interest income                         4,455
3,492                                    5,584
 Interest expense - mortgage        (2,551,006)
(2,445,480)                         (1,907,980)
 Mortgage servicing fees               (73,320)
(73,320)                               (73,319)
 Trustee fees                           (3,940)
(3,940)                                 (5,873)
 Program management fee                (29,327)
(29,327)                               (29,327)

                                    (3,537,560)
(3,421,191)                         (2,894,571)

  Net loss                         $  (621,355)        $
(899,992)                          $  (655,455)



               See notes to financial statements.
</TABLE>
<TABLE>
            BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                                
                 Statements of Partners' Deficit
                                
          Years ended December 31, 1997, 1996 and 1995

<CAPTION>
                                       1997      1996      1995
<S>                                                    <C>  <C>
<C>
Partners' deficit, beginning       $(5,870,684)
$(4,970,692)                       $(4,315,237)

Net loss                              (621,355)
(899,992)                             (655,455)

Partners' deficit, ending          $(6,492,039)
$(5,870,684)                       $(4,970,692)






























               See notes to financial statements.
</TABLE>
<TABLE>
            BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                                
                    Statements of Cash Flows
                                
          Years ended December 31, 1997, 1996 and 1995

<CAPTION>
                                        1997      1996      1995
<S>                                                     <C> <C>
<C>
Cash flows from operating activities:
 Net loss                           $ (621,355)         $
(899,992)                           $ (655,455)
 Adjustments to reconcile net loss to net cash
  Provided by operating activities:
   Depreciation                        832,798
820,992                                832,030
   Amortization                         51,624
51,624                                  51,626
   Decrease (increase) in tenant accounts receivable
31,790                                 (20,344)
22,327
   (Increase) decrease in prepaid and other assets
(24,054)                                (4,361)
6,735
   (Decrease) increase in accounts payable and
     accrued expenses                  (32,102)
55,680                                 (82,002)
   Decrease in accrued mortgage interest and servicing
     Fees                                 -         -
(10,219)
   Increase in deferred interest and related fees on
     Mortgage payable                   49,423
175,805                                 29,326
   Increase (decrease) in accrued management fees
1,403       (105)                       10,084
   (Decrease) increase in prepaid rent            (5,411)
5,289     (4,428)
   (Increase) decrease in security deposits - net
(2,690)                                  1,605
(1,835)

     Net cash provided by operating activities
281,426                                186,193
198,189

Cash flows from investing activities:
 Investment in real estate            (167,777)
(140,687)                             (280,938)
 Decrease (increase) in reserve for replacements
(71,637)                                28,263
(13,859)

     Net cash used in investing activities      (239,414)
(112,424)                             (294,797)

Net increase (decrease) in cash         42,012
73,769                                 (96,608)

Cash beginning                         245,774
172,005                                268,613

Cash ending                         $  287,786          $
245,774                             $  172,005

Supplemental disclosure of cash flow information:
 Cash paid during the year for interest       $2,530,909
$2,288,052                          $1,918,202

Significant non-cash investing activity:
 Investment in real estate included in accounts
  payable                           $    -    $    7,500    $
82,653






               See notes to financial statements.
</TABLE>
          BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                              
                NOTES TO FINANCIAL STATEMENTS

              December 31, 1997, 1996 and 1995


NOTE  A  -  ORGANIZATION  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES

Burlington  Arboretum  Limited Partnership  was  organized  under
the  laws  of  the  Commonwealth of  Massachusetts  on  July  19,
1985,  for  the  purpose of constructing and operating  a  rental
housing  project.   The  project consists of  312  units  located
in   Burlington,   Massachusetts  and  is   currently   operating
under   the   name   of   Burlington  Arboretum.    The   project
contains  both  market  rate  rental units,  moderate,  and  low-
income rentals.

Each   building   of   the  project  has   qualified   and   been
allocated   low-income  housing  credits  pursuant  to   Internal
Revenue  Code  Section 42 (Section 42) which  regulates  the  use
of  the  project  as  to  occupant  eligibility  and  unit  gross
rent,   among   other  requirements.   Each   building   of   the
project  must  meet  the provisions of these  regulations  during
each   of   fifteen   consecutive  years  in  order   to   remain
qualified  to  receive  the  credits.   The  low-income   housing
credits  are  contingent  on its ability to  maintain  compliance
with  applicable  sections of Section 42.   Failure  to  maintain
compliance   with   occupant  eligibility,  and/or   unit   gross
rent,  or  to  correct  noncompliance  within  a  specified  time
period  could  result  in  recapture  of  previously  taken   tax
credits    plus   interest.    In   addition,   such    potential
noncompliance  may  require  an  adjustment  to  the  contributed
capital by the limited partner.

Use of Estimates

The  preparation  of  financial  statements  in  conformity  with
generally  accepted  accounting  principles  requires  management
to  make  estimates  and  assumptions that  affect  the  reported
amounts   of   assets   and   liabilities   and   disclosure   of
contingent   assets  and  liabilities  at   the   date   of   the
financial  statements  and the reported amounts  of  revenue  and
expenses  during  the  reporting period.   Actual  results  could
differ from those estimates.

          BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                              
                NOTES TO FINANCIAL STATEMENTS

              December 31, 1997, 1996 and 1995

NOTE  A  -  ORGANIZATION  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
(continued)

Investment in Real Estate

Investment  in  real  estate is carried  at  cost.   Depreciation
is  provided  for  in amounts sufficient to relate  the  cost  of
depreciable   assets   to   operations   over   their   estimated
service  lives  using  the  straight-line  method  for  financial
reporting purposes.

Mortgage Costs

Mortgage  costs  are  amortized over the  term  of  the  mortgage
using the straight-line method.

Rental Income

Rental  income  is  recognized as  rentals  become  due.   Rental
payments  received  in advance are deferred  until  earned.   All
leases  between  the  Partnership and  tenants  of  the  property
are operating leases.

Income Taxes

No  provision  or  benefit  for income taxes  has  been  included
in  these  financial  statements  since  the  taxable  income  or
loss  passes  through  to,  and is reportable  by,  the  partners
individually.

          BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                              
                NOTES TO FINANCIAL STATEMENTS

              December 31, 1997, 1996 and 1995

NOTE B - INVESTMENT IN REAL ESTATE

Buildings,   improvements  and  personal  property  at   December
31, 1997, 1996 and 1995 are summarized as follows:
<TABLE>
<CAPTION>
         Category   Useful Life              1997      1996
1995
<S>                 <C>        <C>       <C>       <C>
Buildings and improvements               40 years
$28,530,941         $28,405,180          $28,339,646
Personal property    5-10 years            1,177,481
1,142,965             1,142,965

                                29,708,422
29,548,145           29,482,611

Less accumulated depreciation
7,217,668             6,384,870            5,563,878

                               $22,490,754
$23,163,275         $23,918,733
</TABLE>
NOTE C - MORTGAGE PAYABLE

The  Partnership  is  obligated under the terms  of  a  mortgage,
financed  by  the  issuance  of Housing  Revenue  Bonds,  by  the
Burlington    Housing   Authority   (a   subdivision    of    the
Commonwealth    of    Massachusetts).     The    total     amount
outstanding  on  this  obligation  was  $29,326,500  at  December
31,  1997,  1996  and 1995.  Effective August  1,  1994,  certain
terms  of  the  mortgage  were  modified  and  the  Minimum  Base
Interest  rate  was  reduced from 7.25% to  5.35%.  The  mortgage
bears   interest   at   a  Minimum  Base   Interest   of   5.35%.
Interest  is  paid  monthly, but in no event  can  interest  paid
be   less   than  the  Minimum  Base  Interest  of   5.35%.    An
Additional  Base  Interest  of 3.65% is  payable  to  the  extent
of  cash  flow.   Commencing  in 1993,  the  Partnership  decided
to  accrue  Additional  Base  Interest  to  the  extent  of  cash
flows   only,   due   to  the  uncertainty   of   payment    upon
maturity.   Cumulative  unpaid Additional  Base  Interest  up  to
$1,200,000  is  deferred  until  sale  or  refinancing   of   the
project.   To  the  extent there is cash flow  after  payment  of
Minimum  Base  Interest  and Additional  Base  Interest  totaling
9%,  the  Partnership  is  obligated to pay  additional  interest
up  to  20%  of  the excess cash flow, resulting in a  cumulative
interest   rate  not  to  exceed  14%,  the  Contingent  Interest
Rate.
          BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                              
                NOTES TO FINANCIAL STATEMENTS

              December 31, 1997, 1996 and 1995

NOTE C - MORTGAGE PAYABLE (continued)

Interest expensed was as follows:
<TABLE>
<CAPTION>
                                 1997      1996      1995
<S>                                     <C>       <C>       <C>
Minimum base interest         $1,568,964          $1,568,964$1,568,964

Additional base interest         982,042             876,516   339,016

Total interest expensed       $2,551,006          $2,445,480$1,907,980
</TABLE>
Accrued  Additional  Base  Interest at December  31,  1997,  1996
and    1995    was   $2,014,144,   $1,994,047   and   $1,847,567,
respectively.   The  unrecorded  Additional  Base   Interest   at
December   31,   1997,  1996  and  1995  amounted  to   $267,849,
$199,570  and  $97,015, respectively.  Upon  termination  of  the
Partnership   Agreement,   maturity   or   refinance    of    the
mortgage,  this  Additional  Base Interest  may  be  required  to
be paid.

All  unpaid  principal  and  accrued  interest  are  due  on  the
earlier  of  September  22, 2011 (maturity)  or  as  noted  under
the  bond  documents,  the bond holder has the  option  to  cause
the  bonds  to  be  prepaid on any interest payment  date  on  or
after   September  22,  2003  (the  First  Mandatory   Redemption
Date).

In  connection  with the change in the interest  rate,  as  noted
above,  the  First  Mandatory Redemption Date would  be  extended
from   September  22,  2003  to  January  1,  2006.   The   final
maturity  date  of  the  bonds will remain  September  22,  2011.
Such  acceleration  requires  notification  by  the  lender,   in
writing, six months prior to such date.

Under  the  terms  of  the  mortgage agreement,  the  Partnership
is  also  obligated  to  pay monthly  to  the  lender  an  annual
service  fee  of  .25%  of the bonds outstanding.   During  1997,
1996  and  1995,  $73,320,  $73,320  and  $73,319,  respectively,
was   charged   to  operations.   In  addition,  the  Partnership
pays  an  annual  program management fee of  .10%  of  the  bonds
outstanding.   During  1997,  1996  and  1995,  $29,327,  $29,327
and  $29,327,  respectively, was charged to  operations.   As  of
December               31,               1997,               1996

          BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                              
                NOTES TO FINANCIAL STATEMENTS

              December 31, 1997, 1996 and 1995

NOTE C - MORTGAGE PAYABLE (continued)

and  1995,  $252,209,  $222,882 and $193,555,  respectively,  has
been  accrued  and  is  payable to the  extent  of  surplus  cash
flow.

Under  agreements  with  the  mortgage  lender,  the  Partnership
is   required  to  make  monthly  escrow  deposits   for   taxes,
insurance and replacement of project assets.

The   liability  of  the  Partnership  under  the   mortgage   is
limited   to   the   underlying  value   of   the   real   estate
collateral  plus  other  amounts deposited  with  the  lender  or
trustee.

NOTE D - RELATED PARTY TRANSACTIONS

Development Fee

The  project  incurred  a development fee  of  $1,022,100  during
1990   which  was  paid  and  capitalized  as  a  cost   of   the
building.   The  total development fee, under  the  terms  of  an
agreement   entered  into  during  1987,  is   $2,162,000.    The
balance  of  $1,139,900, plus interest  at  10%,  is  due  to  an
affiliate  of  a  Limited  Partner upon sale  or  refinancing  of
the  project.   Due  to  the uncertainty regarding  the  ultimate
payment  of  the  balance of the fee, it has  not  been  recorded
as of December 31, 1997, 1996 and 1995.

Management Fee

The  Management  Agreement is with an affiliate  of  the  general
partner,  Burlington  Apartments, Inc. (BAI)  for  a  fee  of  up
to  5%  of  gross collections.  On November 1, 1994  BAD  entered
into  a  subagent agreement for a base management fee  of  3%  of
gross   collections   with  a  non-related  management   company.
The  subagent  is  also entitled to an incentive  management  fee
based  on  achieving  certain  targeted  gross  receipts.   Total
management  fee  charged to operations in  1997,  1996  and  1995
was   $156,411,  $121,375  and  $118,523,  respectively.   During
1997,                                                          an

          Burlington Arboretum Limited Partnership

                 NOTES TO FINANCIAL STATEMENTS

                December 31, 1997, 1996 and 1995

NOTE D - RELATED PARTY TRANSACTIONS (continued)

incentive   management   fee  of  $20,291   was   paid   to   the
subagent.   This  amount  was  included  in  the  management  fee
charged   to   operations   for  the   period.    The   incentive
management   fee  was  paid  at  .50%  of  gross   receipts,   as
defined per the Management Agreement.

One  requirement  of  the  change in the  Minimum  Base  Interest
rate,  as  described  in  Note C, is that the  general  partner's
management  fee  will  be  accrued  only  if  the  property  pays
interest   on   the  mortgage  at  a  rate  of   7.25%   for   12
consecutive  months.   Since  this  interest  payment  level  was
not  achieved  in  1997, 1996 and 1995,  the  fee  has  not  been
accrued.   The  unpaid  management  fee  at  December  31,  1997,
1996  and  1995  was  $45,266.  For financial statement  purposes
this amount is included in Advances from General Partner.

During  1994,  in  conjunction with the  change  in  the  Minimum
Base  Interest  rate  described in Note C,  the  general  partner
advanced   $105,267   on   behalf   of   the   Partnership.    In
addition,  the  general  partner paid the  final  installment  on
the  line  of  credit  of $25,000.  At December  31,  1997,  1996
and   1995,   the   amount  due  to  the  general   partner   was
$350,267,  which  is  noninterest  bearing  and  due  on  demand.
For  financial  statement purposes this  amount  is  included  in
Advances from General Partner.

NOTE E - ADVANCES FROM DEAN WITTER/COLDWELL BANKER

In  conjunction  with  the change in the  mortgage  described  in
Note  C,  the  bond  servicer,  Dean Witter/Coldwell  Banker  Tax
Exempt  Mortgage  Fund, L.P. advanced funds  to  the  Partnership
to  pay  operating  expenses.  At December  31,  1997,  1996  and
1995,   the  amount  due  to  Dean  Witter/Coldwell  Banker   was
$114,831, which is non-interest bearing and due on demand.

          Burlington Arboretum Limited Partnership

                NOTES TO FINANCIAL STATEMENTS

              December 31, 1997, 1996 and 1995

NOTE F - CONCENTRATION OF CREDIT RISK

The   Partnership  maintains  its  cash  balances  in  one  bank.
The  balances  are  insured  by  the  Federal  Deposit  Insurance
Corporation  up  to  $100,000.  As  of  December  31,  1997,  the
uninsured portion of the cash balances held was $251,810.

The   Partnership  maintains  its  replacement   reserve   escrow
account  with  State Street Bank.  The balances  are  insured  by
the   Federal  Deposit  Insurance  Corporation  up  to  $100,000.
As  of  December  31,  1997, the uninsured portion  of  the  cash
balances held was $53,899.
                    SUPPLEMENTAL INFORMATION
    INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL INFORMATION



To the Partners
Burlington Arboretum Limited Partnership


     Our  audits  were  made  for  the  purpose  of  forming   an
opinion  on  the  basic financial statements taken  as  a  whole.
The  supplemental  information  is  presented  for  purposes   of
additional  analysis  and is not a required  part  of  the  basic
financial  statements.   The supplemental  information  has  been
subjected  to  the  auditing procedures  applied  in  the  audits
of  the  basic  financial  statements and,  in  our  opinion,  is
fairly  stated  in  all  material respects  in  relation  to  the
basic financial statements taken as a whole.





Boston, Massachusetts
March 2, 1998
<TABLE>
            BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                      Schedules of Expenses
          Years ended December 31, 1997, 1996 and 1995
<CAPTION>
                                           1997   1996     1995
<S>                                                      <C>
<C>  <C>
Rental:
 Rental salaries                        $ 44,277         $ 33,664
$ 34,216
 Advertising                              14,876           11,340
13,969
 Bad debts                                28,360            5,797
33,729
 Miscellaneous renting expenses            7,167            2,317
7,852
                                        $ 94,680         $ 53,118
$ 89,766

Administrative:
 Manager's salaries                     $ 58,022         $ 50,458
$ 64,924
 Office salaries                          90,060           85,678
62,634
 Legal                                             3,845    1,462
3,654
 Telephone                                10,066            9,496
7,894
 Accounting                               11,350           10,850
10,350
 Trustee fees                               -      3,950    5,874
 Office supplies and expense              15,355           20,006
11,231
 Postage                                   1,829            2,704
2,045
 ISC administrative                       14,449           13,452
15,179
 Corporate package expense                55,341           17,023
-
 Miscellaneous administrative             14,769           17,411
10,796
                                        $275,086         $232,490
$194,581

Maintenance:
 HVAC maintenance                       $  7,578         $  8,700
$  3,047
 Decorating contract, salaries and supplies      168,636  180,001
177,938
 Cleaning contract                        69,161           63,198
48,173
 Maintenance salaries                     97,549           82,280
72,880
 Grounds maintenance, contract and salaries       59,464   57,257
57,879
 Rubbish removal                          27,361           28,978
25,546
 Miscellaneous maintenance                14,664           12,302
16,289
 Pool salaries and expenses               13,748           12,512
13,964
 Repairs - general                        66,152           89,153
44,357
 Repairs - painting exterior                -        600     -
 Repairs - roof                           14,697           11,874
2,153
 ISC maintenance                          19,656           22,631
26,608
 Fire maintenance                           -      -        5,122
 Motor vehicle expense                     4,568            7,519
7,370
 Snow removal                              3,410           21,612
12,516
 Exterminating                             1,086              968
903
 Recreation services and supplies         15,226            7,211
22,621
 Security contract and supplies            3,202            2,628
3,186
                                        $586,158         $609,424
$540,552
</TABLE>
<TABLE>
            BURLINGTON ARBORETUM LIMITED PARTNERSHIP
                                
                      Schedules of Expenses
                                
          Years ended December 31, 1997, 1996 and 1995
                           (continued)
<CAPTION>
                                           1997   1996     1995
<S>                                                      <C>
<C>  <C>
Utilities:
 Water and sewer                        $116,407         $157,385
$111,681
 Electricity                              60,031           55,349
59,513
 Gas heat                                  7,344            5,709
4,622
                                        $183,782         $218,443
$175,816


</TABLE>