<ARTICLE> 5 <CIK> 0000739710 <NAME> WELLESLEY LEASE INCOME LIMITED PARTNERSHIP II B <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <CASH> 406,700 <SECURITIES> 99,576 <RECEIVABLES> 101,849 <ALLOWANCES> 71,433 <INVENTORY> 0 <CURRENT-ASSETS> 536,692 <PP&E> 1,344,054 <DEPRECIATION> 1,264,738 <TOTAL-ASSETS> 616,008 <CURRENT-LIABILITIES> 57,123 <BONDS> 0 <COMMON> 11,299,475 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (10,740,590) <TOTAL-LIABILITY-AND-EQUITY> 616,008 <SALES> 286,750 <TOTAL-REVENUES> 601,726 <CGS> 0 <TOTAL-COSTS> 22,957 <OTHER-EXPENSES> 159,975 <LOSS-PROVISION> (48,160) <INTEREST-EXPENSE> 1,984 <INCOME-PRETAX> 464,970 <INCOME-TAX> 0 <INCOME-CONTINUING> 464,970 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 464,970 <EPS-PRIMARY> 16.04 <EPS-DILUTED> 0