<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BOTH THE
JUNE 30, 1995 BALANCE SHEET AND STATEMENT OF INCOME AND EXPENSES EXPENSES
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000711512
<NAME> AMERICAN REPUBLIC REALTY FUND I
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                          52,151
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                      16,697,486
<DEPRECIATION>                               7,475,144
<TOTAL-ASSETS>                               9,574,032
<CURRENT-LIABILITIES>                                0
<BONDS>                                      8,330,511
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   3,324,151
<TOTAL-LIABILITY-AND-EQUITY>                 9,574,032
<SALES>                                              0
<TOTAL-REVENUES>                               581,796
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               459,069
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              78,539
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    59,645
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0