<TABLE> <S> <C>


<ARTICLE>                                            6
<LEGEND>
         This  schedule  contains  summary financial information extracted from 
         Atlantic City  Boardwalk  Associates, L.P.'s form 10-Q for the quarter 
         ended September 30, 1997 and is qualified in it's entirety by reference
         to such financial statements.

</LEGEND>
<MULTIPLIER>                                       1
<CURRENCY>                                         US
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-END>                                   SEP-30-1997
<EXCHANGE-RATE>                                         1
<INVESTMENTS-AT-COST>                                   0
<INVESTMENTS-AT-VALUE>                                  0
<RECEIVABLES>                                     801,000
<ASSETS-OTHER>                                    204,000
<OTHER-ITEMS-ASSETS>                          121,149,000
<TOTAL-ASSETS>                                122,154,000
<PAYABLE-FOR-SECURITIES>                                0
<SENIOR-LONG-TERM-DEBT>                        79,614,000
<OTHER-ITEMS-LIABILITIES>                      20,659,000
<TOTAL-LIABILITIES>                           100,273,000
<SENIOR-EQUITY>                                       450
<PAID-IN-CAPITAL-COMMON>                                0
<SHARES-COMMON-STOCK>                                   0
<SHARES-COMMON-PRIOR>                                   0
<ACCUMULATED-NII-CURRENT>                               0
<OVERDISTRIBUTION-NII>                                  0
<ACCUMULATED-NET-GAINS>                                 0
<OVERDISTRIBUTION-GAINS>                                0
<ACCUM-APPREC-OR-DEPREC>                                0
<NET-ASSETS>                                       48,625
<DIVIDEND-INCOME>                                       0
<INTEREST-INCOME>                                 376,000
<OTHER-INCOME>                                 26,837,000
<EXPENSES-NET>                                 23,631,000
<NET-INVESTMENT-INCOME>                                 0
<REALIZED-GAINS-CURRENT>                                0
<APPREC-INCREASE-CURRENT>                               0
<NET-CHANGE-FROM-OPS>                           2,993,000
<EQUALIZATION>                                          0
<DISTRIBUTIONS-OF-INCOME>                               0
<DISTRIBUTIONS-OF-GAINS>                                0
<DISTRIBUTIONS-OTHER>                                   0
<NUMBER-OF-SHARES-SOLD>                                 0
<NUMBER-OF-SHARES-REDEEMED>                             0
<SHARES-REINVESTED>                                     0
<NET-CHANGE-IN-ASSETS>                          2,993,000
<ACCUMULATED-NII-PRIOR>                                 0
<ACCUMULATED-GAINS-PRIOR>                               0
<OVERDISTRIB-NII-PRIOR>                                 0
<OVERDIST-NET-GAINS-PRIOR>                              0
<GROSS-ADVISORY-FEES>                              98,000
<INTEREST-EXPENSE>                             10,879,000
<GROSS-EXPENSE>                                24,220,000
<AVERAGE-NET-ASSETS>                           20,384,500
<PER-SHARE-NAV-BEGIN>                              41,974
<PER-SHARE-NII>                                         0
<PER-SHARE-GAIN-APPREC>                                 0
<PER-SHARE-DIVIDEND>                                    0
<PER-SHARE-DISTRIBUTIONS>                               0
<RETURNS-OF-CAPITAL>                                    0
<PER-SHARE-NAV-END>                                48,625
<EXPENSE-RATIO>                                      1.19
<AVG-DEBT-OUTSTANDING>                        103,787,500
<AVG-DEBT-PER-SHARE>                              230,639
        


</TABLE>