<ARTICLE> 5 <CIK> 0000814077 <NAME> ASSOCIATED PLANNERS REALTY GROWTH FUND <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> DEC-31-1995 <CASH> (328) <SECURITIES> 0 <RECEIVABLES> 26,329 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 42,618 <PP&E> 1,326,245 <DEPRECIATION> (40,800) <TOTAL-ASSETS> 1,328,063 <CURRENT-LIABILITIES> 61,313 <BONDS> 1,826,385 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (800,058) <TOTAL-LIABILITY-AND-EQUITY> 1,328,063 <SALES> 243,067 <TOTAL-REVENUES> 243,214 <CGS> 243,384 <TOTAL-COSTS> 243,384 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,912,727 <INTEREST-EXPENSE> 188,998 <INCOME-PRETAX> (2,101,895) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,101,895) <EPS-PRIMARY> (1,009.64) <EPS-DILUTED> (1,009.64)