<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 10,757,207 <SECURITIES> 0 <RECEIVABLES> 84,395<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0<F2> <DEPRECIATION> 0<F2> <TOTAL-ASSETS> 10,841,602 <CURRENT-LIABILITIES> 188,076 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,653,526<F3> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,841,602 <SALES> 0 <TOTAL-REVENUES> 1,612,134<F4> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 715,757<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> (4,027,714)<F2> <CHANGES> 0 <NET-INCOME> 4,924,091<F6> <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes all receivables included in "other assets" on the Balance Sheet. <F2>The Partnership's properties were sold on January 30, 1998 to unaffiliated third parties. The total selling price of the fourteen properties sold was $138,000,000, of which the Partnership received $39,822,700, less closing costs of $846,701. For financial reporting purposes, the Partnership realized a gain of $3,725,484 on the sale. On April 29, 1998 the General Partners sold the Partnership's MBS portfolio for $5,923,541. For financial reporting purposes, the Partnership recognized a gain of $302,230 on the sale. <F3>Deficit of the General Partners of ($661,025) and equity of Limited Partners of $11,314,551. <F4>Includes all revenue of the Partnership. <F5>Includes all operating expenses of the Partnership. <F6>Net income allocated $4,906,163 to the Limited Partners and $17,928 to the General Partners. </FN>