<TABLE> <S> <C>

<ARTICLE>                                                            5
<LEGEND>
(Replace this text with legend, if applicable)
</LEGEND>
<CIK>                                                            0000857615
<NAME>                                   Redwood Equipment Leasing Income Fund
<MULTIPLIER>                                                                1
<CURRENCY>                                                       U.S. DOLLARS
       
<S>                                                       <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                 DEC-31-1997
<PERIOD-START>                                                     JAN-1-1997
<PERIOD-END>                                                      JUN-30-1997
<EXCHANGE-RATE>                                                             1
<CASH>                                                                369,300
<SECURITIES>                                                                0
<RECEIVABLES>                                                         102,099
<ALLOWANCES>                                                                0
<INVENTORY>                                                                 0
<CURRENT-ASSETS>                                                      471,399
<PP&E>                                                                      0
<DEPRECIATION>                                                              0
<TOTAL-ASSETS>                                                      1,688,566
<CURRENT-LIABILITIES>                                                  60,734
<BONDS>                                                                     0
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<COMMON>                                                                    0
<OTHER-SE>                                                                  0
<TOTAL-LIABILITY-AND-EQUITY>                                        1,688,566
<SALES>                                                                     0
<TOTAL-REVENUES>                                                      129,878
<CGS>                                                                       0
<TOTAL-COSTS>                                                               0
<OTHER-EXPENSES>                                                       63,280
<LOSS-PROVISION>                                                            0
<INTEREST-EXPENSE>                                                          0
<INCOME-PRETAX>                                                        66,598
<INCOME-TAX>                                                                0
<INCOME-CONTINUING>                                                    66,598
<DISCONTINUED>                                                              0
<EXTRAORDINARY>                                                             0
<CHANGES>                                                                   0
<NET-INCOME>                                                           66,598
<EPS-PRIMARY>                                                           0.000
<EPS-DILUTED>                                                           0.000
        



</TABLE>