<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from HCW Pension Real Estate Fund Limited Partnership 1998 Third Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000745538 <NAME> HCW PENSION REAL ESTATE FUND LIMITED PARTNERSHIP <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,157 <SECURITIES> 0 <RECEIVABLES> 378 <ALLOWANCES> 17 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 15,719 <DEPRECIATION> (5,435) <TOTAL-ASSETS> 11,895 <CURRENT-LIABILITIES> 0<F1> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 11,252 <TOTAL-LIABILITY-AND-EQUITY> 11,895 <SALES> 0 <TOTAL-REVENUES> 2,032 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,163 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (131) <EPS-PRIMARY> (8.15)<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>