<ARTICLE> 5
<CIK> 0000739710
<NAME> WELLESLEY LEASE INCOME LTD PSHP II-B FDS 3-31-96
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         178,728
<SECURITIES>                                   101,053
<RECEIVABLES>                                  316,600
<ALLOWANCES>                                    63,913
<INVENTORY>                                          0
<CURRENT-ASSETS>                               431,415
<PP&E>                                         887,299
<DEPRECIATION>                                 855,607
<TOTAL-ASSETS>                                 463,107
<CURRENT-LIABILITIES>                           33,522
<BONDS>                                              0
<COMMON>                                    11,299,475
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                (10,869,890)
<TOTAL-LIABILITY-AND-EQUITY>                   463,107
<SALES>                                         79,692
<TOTAL-REVENUES>                               185,261
<CGS>                                                0
<TOTAL-COSTS>                                    6,056
<OTHER-EXPENSES>                                30,363
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                148,842
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            148,842
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   148,842
<EPS-PRIMARY>                                     5.54
<EPS-DILUTED>                                        0