[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