<TABLE> <S> <C>


<ARTICLE>                     5
<CIK>                         0000763541
<NAME>                                                     PS PARTNERS V, LTD.
<MULTIPLIER>                                                                 1
<CURRENCY>                                                              U.S. $
       
<S>                                                                        <C>
<PERIOD-TYPE>                                                            6-MOS
<FISCAL-YEAR-END>                                                  DEC-31-1998
<PERIOD-START>                                                      JAN-1-1998
<PERIOD-END>                                                       JUN-30-1998
<EXCHANGE-RATE>                                                              1
<CASH>                                                               1,934,000
<SECURITIES>                                                                 0
<RECEIVABLES>                                                            2,000
<ALLOWANCES>                                                                 0
<INVENTORY>                                                                  0
<CURRENT-ASSETS>                                                     1,936,000
<PP&E>                                                               1,531,000
<DEPRECIATION>                                                       (454,000)
<TOTAL-ASSETS>                                                      37,008,000
<CURRENT-LIABILITIES>                                                   70,000
<BONDS>                                                                      0
<PREFERRED-MANDATORY>                                                        0
<PREFERRED>                                                                  0
<COMMON>                                                                     0
<OTHER-SE>                                                          36,938,000
<TOTAL-LIABILITY-AND-EQUITY>                                        37,008,000
<SALES>                                                                      0
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<CGS>                                                                        0
<TOTAL-COSTS>                                                           63,000
<OTHER-EXPENSES>                                                        91,000
<LOSS-PROVISION>                                                             0
<INTEREST-EXPENSE>                                                           0
<INCOME-PRETAX>                                                      1,720,000
<INCOME-TAX>                                                                 0
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<DISCONTINUED>                                                               0
<EXTRAORDINARY>                                                              0
<CHANGES>                                                                    0
<NET-INCOME>                                                         1,720,000
<EPS-PRIMARY>                                                            10.17
<EPS-DILUTED>                                                            10.17
        

</TABLE>