WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>                                            6
<LEGEND>
                THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
                FROM ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.'s FORM 10-K FOR
                THE YEAR ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN IT'S
                ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<NAME>                        ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.
<MULTIPLIER>                                         1
<CURRENCY>                                          US
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                           DEC-31-1996
<PERIOD-END>                                DEC-31-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                  443,000
<ASSETS-OTHER>                                 436,000
<OTHER-ITEMS-ASSETS>                       129,538,000
<TOTAL-ASSETS>                             130,417,000
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                     92,120,000
<OTHER-ITEMS-LIABILITIES>                   19,409,000
<TOTAL-LIABILITIES>                        111,529,000
<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>                                    41,973
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              568,000
<OTHER-INCOME>                              39,398,000
<EXPENSES-NET>                              34,474,000
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        4,753,000
<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>                       4,753,000
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          130,000
<INTEREST-EXPENSE>                          16,034,000
<GROSS-EXPENSE>                             35,213,000
<AVERAGE-NET-ASSETS>                        16,511,500
<PER-SHARE-NAV-BEGIN>                           31,411
<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>                             41,973
<EXPENSE-RATIO>                                   2.13
<AVG-DEBT-OUTSTANDING>                     116,284,500
<AVG-DEBT-PER-SHARE>                           258,410
        



</TABLE>