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

                             
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-START]                             JAN-01-1995
[PERIOD-END]                               DEC-31-1995
[CASH]                                         103,300
[SECURITIES]                                         0
[RECEIVABLES]                                   20,876
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                               167,389
[PP&E]                                       6,813,502
[DEPRECIATION]                               (969,821)
[TOTAL-ASSETS]                               6,011,070
[CURRENT-LIABILITIES]                           73,884
[BONDS]                                      1,225,950
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[COMMON]                                             0
[OTHER-SE]                                   4,478,268
[TOTAL-LIABILITY-AND-EQUITY]                 6,011,070
[SALES]                                        618,130
[TOTAL-REVENUES]                               755,788
[CGS]                                          478,914
[TOTAL-COSTS]                                  478,914
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                                     0
[INTEREST-EXPENSE]                                   0
[INCOME-PRETAX]                                276,874
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                   276,874
[EPS-PRIMARY]                                    33.23
[EPS-DILUTED]                                    33.23