<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY IVE FDS 6/30/98 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 48,705 <SECURITIES> 0 <RECEIVABLES> 48,196 <ALLOWANCES> 12,814 <INVENTORY> 0 <CURRENT-ASSETS> 109,508 <PP&E> 2,917,284 <DEPRECIATION> 2,547,464 <TOTAL-ASSETS> 479,328 <CURRENT-LIABILITIES> 70,442 <BONDS> 126,907 <PREFERRED-MANDATORY> 12,149,459 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,867,480) <TOTAL-LIABILITY-AND-EQUITY> 479,328 <SALES> 336,364 <TOTAL-REVENUES> 340,390 <CGS> 0 <TOTAL-COSTS> 26,329 <OTHER-EXPENSES> 337,615 <LOSS-PROVISION> 244 <INTEREST-EXPENSE> 9,345 <INCOME-PRETAX> (33,143) <INCOME-TAX> 0 <INCOME-CONTINUING> (33,143) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (33,143) <EPS-PRIMARY> (1.52) <EPS-DILUTED> 0