<ARTICLE> 5 <CIK> 0000814077 <NAME> ASSOCIATED PLANNERS REALTY GROWTH FUND <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 3,282 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,384 <PP&E> 311,878 <DEPRECIATION> (45,930) <TOTAL-ASSETS> 270,332 <CURRENT-LIABILITIES> 286,463 <BONDS> 150,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (166,131) <TOTAL-LIABILITY-AND-EQUITY> 270,332 <SALES> 168,297 <TOTAL-REVENUES> 855,102 <CGS> 161,631 <TOTAL-COSTS> 161,631 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 59,544 <INCOME-PRETAX> 633,927 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 633,927 <EPS-PRIMARY> 304.51 <EPS-DILUTED> 304.51