<TABLE> <S> <C>

    <ARTICLE>                                                      5
    <LEGEND>
    This schedule contains summary financial information
    extracted from unaudited financial statements for the
    nine month period ending September 30, 1995 and is 
    qualified in its entirety by reference to such financial
    statements.
    </LEGEND>
    <CIK>                                                 0000759253
    <NAME> Winthrop Financial Associates, A Limited Partnership
    <MULTIPLIER>                                                   1
    <CURRENCY>                                           U.S.DOLLARS
           
    <S>                                     <C>
    <PERIOD-TYPE>                           9-MOS
    <FISCAL-YEAR-END>                                    DEC-31-1994
    <PERIOD-START>                                       JAN-01-1995
    <PERIOD-END>                                         SEP-30-1995
    <EXCHANGE-RATE>                                          1.00000
    <CASH>                                                17,754,000
    <SECURITIES>                                                   0
    <RECEIVABLES>                                         52,358,000
    <ALLOWANCES>                                          33,599,000
    <INVENTORY>                                                    0
    <CURRENT-ASSETS>                                      23,664,000
    <PP&E>                                               198,701,000
    <DEPRECIATION>                                        14,486,000
    <TOTAL-ASSETS>                                       239,518,000
    <CURRENT-LIABILITIES>                                 15,799,000
    <BONDS>                                              180,297,000
    <COMMON>                                                       0
    <PREFERRED-MANDATORY>                                 41,604,000
    <PREFERRED>                                                    0
    <OTHER-SE>                                           (32,423,000)
    <TOTAL-LIABILITY-AND-EQUITY>                         239,518,000
    <SALES>                                                        0
    <TOTAL-REVENUES>                                      53,721,000
    <CGS>                                                          0
    <TOTAL-COSTS>                                         38,866,000
    <OTHER-EXPENSES>                                       6,124,000
    <LOSS-PROVISION>                                               0
    <INTEREST-EXPENSE>                                    11,763,000
    <INCOME-PRETAX>                                       (3,032,000)
    <INCOME-TAX>                                             530,000
    <INCOME-CONTINUING>                                   (3,562,000)
    <DISCONTINUED>                                                 0
    <EXTRAORDINARY>                                                0
    <CHANGES>                                                      0
    <NET-INCOME>                                          (3,562,000)
    <EPS-PRIMARY>                                             (0.20)
    <EPS-DILUTED>                                              0.00
            

    
</TABLE>