<ARTICLE> 5
<CIK> 0000808420
<NAME> ASSOCIATED PLANNERS REALTY INCOME FUND
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                         245,154
<SECURITIES>                                         0
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<DEPRECIATION>                               (700,005)
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<BONDS>                                              0
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<SALES>                                        302,887
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<CGS>                                          192,468
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<OTHER-EXPENSES>                                     0
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<EPS-PRIMARY>                                    20.52
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