[ARTICLE] 5
[CIK] 0000785791
[NAME] ASSOCIATED PLANNERS REALTY FUND

                             
[PERIOD-TYPE]                   9-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-START]                             JAN-01-1995
[PERIOD-END]                               SEP-30-1995
[CASH]                                         173,282
[SECURITIES]                                         0
[RECEIVABLES]                                   23,276
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                               206,715
[PP&E]                                       6,623,238
[DEPRECIATION]                               (942,049)
[TOTAL-ASSETS]                               5,887,904
[CURRENT-LIABILITIES]                           65,795
[BONDS]                                              0
[COMMON]                                             0
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[OTHER-SE]                                   4,565,152
[TOTAL-LIABILITY-AND-EQUITY]                 5,887,904
[SALES]                                        470,722
[TOTAL-REVENUES]                               604,219
[CGS]                                          352,703
[TOTAL-COSTS]                                  352,703
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                                     0
[INTEREST-EXPENSE]                                   0
[INCOME-PRETAX]                                251,516
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                   251,516
[EPS-PRIMARY]                                    29.05
[EPS-DILUTED]                                    29.05