<TABLE> <S> <C>

<ARTICLE>                     5
<CIK>                         0000763541
<NAME>                                                   PS PARTNERS V, LTD.
<MULTIPLIER>                                                               1
<CURRENCY>                                                             U.S.$
       
<S>                                                                      <C>
<PERIOD-TYPE>                                                          3-MOS
<FISCAL-YEAR-END>                                                DEC-31-1998
<PERIOD-START>                                                    JAN-1-1998
<PERIOD-END>                                                     MAR-31-1998
<EXCHANGE-RATE>                                                            1
<CASH>                                                             1,320,000
<SECURITIES>                                                               0
<RECEIVABLES>                                                          1,000
<ALLOWANCES>                                                               0
<INVENTORY>                                                                0
<CURRENT-ASSETS>                                                   1,321,000
<PP&E>                                                             1,530,000
<DEPRECIATION>                                                     (442,000)
<TOTAL-ASSETS>                                                    37,122,000
<CURRENT-LIABILITIES>                                                 84,000
<BONDS>                                                                    0
<PREFERRED-MANDATORY>                                                      0
<PREFERRED>                                                                0
<COMMON>                                                                   0
<OTHER-SE>                                                        37,038,000
<TOTAL-LIABILITY-AND-EQUITY>                                      37,122,000
<SALES>                                                                    0
<TOTAL-REVENUES>                                                     888,000
<CGS>                                                                      0
<TOTAL-COSTS>                                                         31,000
<OTHER-EXPENSES>                                                      34,000
<LOSS-PROVISION>                                                           0
<INTEREST-EXPENSE>                                                         0
<INCOME-PRETAX>                                                      823,000
<INCOME-TAX>                                                               0
<INCOME-CONTINUING>                                                  823,000
<DISCONTINUED>                                                             0
<EXTRAORDINARY>                                                            0
<CHANGES>                                                                  0
<NET-INCOME>                                                         823,000
<EPS-PRIMARY>                                                           4.84
<EPS-DILUTED>                                                           4.84
        

</TABLE>