<ARTICLE> 5 <CIK> 0000024148 <NAME> CONTINENTAL REAL ESTATE PARTNERS LTD <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 970,846 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 14,044,190 <DEPRECIATION> 10,482,189 <TOTAL-ASSETS> 4,720,012 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 2,372,250 <TOTAL-LIABILITY-AND-EQUITY> 4,720,012 <SALES> 105,459 <TOTAL-REVENUES> 105,459 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 182,280 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (68,704) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (68,704) <EPS-PRIMARY> 0 <EPS-DILUTED> 0