<TABLE> <S> <C>


<ARTICLE>                     5
<CIK>                         0000702276
<NAME>                                                    PS PARTNERS, LTD.
<MULTIPLIER>                                                              1
<CURRENCY>                                                           U.S. $
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                         3-MOS
<FISCAL-YEAR-END>                                               DEC-31-1998
<PERIOD-START>                                                  JAN-01-1998
<PERIOD-END>                                                    MAR-31-1998
<EXCHANGE-RATE>                                                           1
<CASH>                                                            1,088,000
<SECURITIES>                                                              0
<RECEIVABLES>                                                        58,000
<ALLOWANCES>                                                              0
<INVENTORY>                                                               0
<CURRENT-ASSETS>                                                  1,146,000
<PP&E>                                                           55,553,000
<DEPRECIATION>                                                 (25,993,000)
<TOTAL-ASSETS>                                                   33,666,000
<CURRENT-LIABILITIES>                                             1,075,000
<BONDS>                                                                   0
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               0
<COMMON>                                                                  0
<OTHER-SE>                                                       13,197,000
<TOTAL-LIABILITY-AND-EQUITY>                                     33,666,000
<SALES>                                                                   0
<TOTAL-REVENUES>                                                  2,940,000
<CGS>                                                                     0
<TOTAL-COSTS>                                                     1,076,000
<OTHER-EXPENSES>                                                    608,000
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                        0
<INCOME-PRETAX>                                                     842,000
<INCOME-TAX>                                                              0
<INCOME-CONTINUING>                                                 842,000
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                           0
<CHANGES>                                                                 0
<NET-INCOME>                                                        842,000
<EPS-PRIMARY>                                                         11.44
<EPS-DILUTED>                                                         11.44

        

</TABLE>