<TABLE> <S> <C>


<ARTICLE>                                            6
<LEGEND>
         THIS SCHEDULE CONTAINS SUMMARY FINANCIAL EXTRACTED FROM 
         ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.'S FROM 10-Q FOR 
         THE QUARTER ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS 
         ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

</LEGEND>
<CIK>                         730408
<NAME>                        Atlantic City Boardwalk Associates, L.P.
<MULTIPLIER>                                   1
<CURRENCY>                                     US
       
<S>                            <C>
<PERIOD-TYPE>                  3-MOS
<FISCAL-YEAR-END>                            DEC-31-1997
<PERIOD-START>                               JAN-01-1997
<PERIOD-END>                                 MAR-31-1997
<EXCHANGE-RATE>                                        1
<INVESTMENTS-AT-COST>                                  0
<INVESTMENTS-AT-VALUE>                                 0
<RECEIVABLES>                                    693,000
<ASSETS-OTHER>                                   272,000
<OTHER-ITEMS-ASSETS>                         127,809,000
<TOTAL-ASSETS>                               128,774,000
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                       88,148,000
<OTHER-ITEMS-LIABILITIES>                     19,729,000
<TOTAL-LIABILITIES>                          107,877,000
<SENIOR-EQUITY>                                      450
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                    46,438
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              129,000
<OTHER-INCOME>                              10,033,000
<EXPENSES-NET>                               7,950,000
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        2,009,000
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       2,009,000
<ACCUMULATED-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                           33,000
<INTEREST-EXPENSE>                           3,746,000
<GROSS-EXPENSE>                              8,153,000
<AVERAGE-NET-ASSETS>                        19,892,500
<PER-SHARE-NAV-BEGIN>                           41,973
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
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<EXPENSE-RATIO>                                   0.41
<AVG-DEBT-OUTSTANDING>                     114,339,500
<AVG-DEBT-PER-SHARE>                           254,088
        


</TABLE>