<ARTICLE> 5 <CIK> 0000785791 <NAME> ASSOCIATED PLANNERS REALTY FUND <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-31-1995 <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