<ARTICLE> 5 <CIK> 0000808420 <NAME> ASSOCIATED PLANNERS REALTY INCOME FUND <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-31-1995 <PERIOD-END> DEC-31-1995 <CASH> 261,728 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 308,171 <PP&E> 4,699,187 <DEPRECIATION> (626,340) <TOTAL-ASSETS> 4,381,018 <CURRENT-LIABILITIES> 49,786 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,331,232 <TOTAL-LIABILITY-AND-EQUITY> 4,381,018 <SALES> 364,823 <TOTAL-REVENUES> 378,489 <CGS> 238,811 <TOTAL-COSTS> 238,811 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 139,678 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 139,678 <EPS-PRIMARY> 22.94 <EPS-DILUTED> 22.94