<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, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
          TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER>                                      1

<S>                             <C>
<PERIOD-TYPE>                   12-mos
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-END>                                   DEC-31-1997
<INVESTMENTS-AT-COST>                          0
<INVESTMENTS-AT-VALUE>                         0
<RECEIVABLES>                                      851,000
<ASSETS-OTHER>                                     404,000
<OTHER-ITEMS-ASSETS>                           116,989,000
<TOTAL-ASSETS>                                 118,244,000
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                         75,465,000
<OTHER-ITEMS-LIABILITIES>                       20,954,000
<TOTAL-LIABILITIES>                             96,419,000
<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>                                        48,500
<DIVIDEND-INCOME>                                        0
<INTEREST-INCOME>                                  502,000
<OTHER-INCOME>                                  34,562,000
<EXPENSES-NET>                                  31,386,000
<NET-INVESTMENT-INCOME>                                  0
<REALIZED-GAINS-CURRENT>                                 0
<APPREC-INCREASE-CURRENT>                                0
<NET-CHANGE-FROM-OPS>                            2,937,000
<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>                           2,937,000
<ACCUMULATED-NII-PRIOR>                                  0
<ACCUMULATED-GAINS-PRIOR>                                0
<OVERDISTRIB-NII-PRIOR>                                  0
<OVERDIST-NET-GAINS-PRIOR>                               0
<GROSS-ADVISORY-FEES>                              130,000
<INTEREST-EXPENSE>                              14,242,000
<GROSS-EXPENSE>                                 32,127,000
<AVERAGE-NET-ASSETS>                            20,356,000
<PER-SHARE-NAV-BEGIN>                               41,973
<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>                                 48,500
<EXPENSE-RATIO>                                       1.58
<AVG-DEBT-OUTSTANDING>                         101,713,500
<AVG-DEBT-PER-SHARE>                               226,030


</TABLE>