[ARTICLE] 5 [CIK] 0000024148 [NAME] CONTINENTAL REAL ESTATE PARTNERS LTD [PERIOD-TYPE] 3-MOS 6-MOS [FISCAL-YEAR-END] DEC-31-1998 DEC-31-1998 [PERIOD-END] JUN-30-1998 JUN-30-1998 [CASH] 306127 306127 [SECURITIES] 0 0 [RECEIVABLES] 0 0 [ALLOWANCES] 0 0 [INVENTORY] 0 0 [CURRENT-ASSETS] 12366 12366 [PP&E] 0 0 [DEPRECIATION] 0 0 [TOTAL-ASSETS] 318493 318493 [CURRENT-LIABILITIES] 288046 288046 [BONDS] 0 0 [PREFERRED-MANDATORY] 0 0 [PREFERRED] 0 0 [COMMON] 0 0 [OTHER-SE] 30447 30447 [TOTAL-LIABILITY-AND-EQUITY] 318493 318493 [SALES] 5404347 5538296 [TOTAL-REVENUES] 5404347 5538296 [CGS] 0 0 [TOTAL-COSTS] 171037 357746 [OTHER-EXPENSES] 250000 250000 [LOSS-PROVISION] 0 0 [INTEREST-EXPENSE] 0 0 [INCOME-PRETAX] 4983310 4930550 [INCOME-TAX] 0 0 [INCOME-CONTINUING] 4983310 4930550 [DISCONTINUED] 0 0 [EXTRAORDINARY] 0 0 [CHANGES] 0 0 [NET-INCOME] 4983310 4930550 [EPS-BASIC] 157.78 156.11 [EPS-DILUTED] 157.78 156.11