<ARTICLE>                     5
<CIK>                         0000763541
<NAME>                                                 PS PARTNERS V, LTD.
<MULTIPLIER>                                                             1
<CURRENCY>                                                          U.S. $
       
                                                                    
<PERIOD-TYPE>                                                        3-MOS
<FISCAL-YEAR-END>                                              DEC-31-1998
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<PERIOD-END>                                                   MAR-31-1998
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<EPS-DILUTED>                                                         4.84