<TABLE> <S> <C>

<ARTICLE>                  5
       
<S>                                                  <C>
<PERIOD-TYPE>                                        12-MOS
<FISCAL-YEAR-END>                                    MAR-31-1998
<PERIOD-END>                                         MAR-31-1998
<CASH>                                               216,829
<SECURITIES>                                         1,401,639
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       19,586,732<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<COMMON>                                             000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<OTHER-SE>                                           18,187,014
<TOTAL-LIABILITY-AND-EQUITY>                         19,586,732<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     302,486<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     1,936,106<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   20,532
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (3,131,494)<F5>
<EPS-PRIMARY>                                        (86.62)
<EPS-DILUTED>                                        000
<FN>
<F1>Included  in  total  assets:   Investments  in  Local  Limited  Partnerships
$16,342,634, Other investments $1,432,375 and Other assets $21,859. <F2>Included
in Total Liabilities and Equity:  Accounts payable to affiliates  $1,042,390 and
Accounts  payable and accrued expenses  $357,328.  <F3>Total  revenue  includes:
Rental  $85,552,  Investment  $91,226,  Accretion  of  Original  Issue  Discount
$106,661 and Other $19,047.  <F4>Included  in Other Expenses:  Asset  Management
Fees $170,028,  General and Administrative  $194,458,  Property  Management Fees
$8,268,  Rental  operations,  exclusive of depreciation  $61,983,  Provision for
valuation  of real estate  $1,383,384,  Depreciation  $52,185  and  Amortization
$32,135.  <F5>Net loss reflects:  Equity in losses of Local Limited Partnerships
of $1,546,727,  loss on liquidation of interest in Local Limited  Partnership of
$4,182,  gain on transfer and  liquidation  of $73,252 and minority  interest in
loss of Local Limited  Partnerships  $685.  
</FN> 
          

</TABLE>