<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BOTH THE JUNE 30, 1996 BALANCE SHEET AND STATEMENT OF INCOME AND 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-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 16,597 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 16,747,882 <DEPRECIATION> 8,103,822 <TOTAL-ASSETS> 8,971,882 <CURRENT-LIABILITIES> 0 <BONDS> 7,620,911 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (3,118,312) <TOTAL-LIABILITY-AND-EQUITY> 8,971,882 <SALES> 0 <TOTAL-REVENUES> 1,177,098 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 944,322 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 135,850 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 114,886 <EPS-PRIMARY> 10.44 <EPS-DILUTED> 0