<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY IV 12/31/97 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 166,324 <SECURITIES> 0 <RECEIVABLES> 51,237 <ALLOWANCES> 25,985 <INVENTORY> 0 <CURRENT-ASSETS> 227,198 <PP&E> 2,974,475 <DEPRECIATION> 2,341,847 <TOTAL-ASSETS> 859,826 <CURRENT-LIABILITIES> 55,794 <BONDS> 276,379 <PREFERRED-MANDATORY> 12,149,459 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,621,806) <TOTAL-LIABILITY-AND-EQUITY> 859,826 <SALES> 1,014,193 <TOTAL-REVENUES> 1,215,929 <CGS> 0 <TOTAL-COSTS> 64,791 <OTHER-EXPENSES> 656,379 <LOSS-PROVISION> (36,878) <INTEREST-EXPENSE> 36,907 <INCOME-PRETAX> 494,730 <INCOME-TAX> 0 <INCOME-CONTINUING> 494,730 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 494,730 <EPS-PRIMARY> 17.64 <EPS-DILUTED> 0