<ARTICLE> 5 <CIK> 0000785791 <NAME> ASSOCIATED PLANNERS REALTY FUND <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> APR-01-1995 <PERIOD-END> JUN-30-1995 <CASH> 1,596,325 <SECURITIES> 0 <RECEIVABLES> 24,067 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,637,070 <PP&E> 5,440,602 <DEPRECIATION> 914,278 <TOTAL-ASSETS> 6,993,054 <CURRENT-LIABILITIES> 39,718 <BONDS> 672,675 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,059,573 <TOTAL-LIABILITY-AND-EQUITY> 6,993,054 <SALES> 341,771 <TOTAL-REVENUES> 469,145 <CGS> 248,921 <TOTAL-COSTS> 248,921 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 223,755 <EPS-PRIMARY> 26.05 <EPS-DILUTED> 26.05