WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Johnstown/Consolidated Income Partners 1997 Second Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000759859 <NAME> JOHNSTOWN/CONSOLIDATED INCOME PARTNERS <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 3,156 <SECURITIES> 0 <RECEIVABLES> 12 <ALLOWANCES> 144 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 12,712 <DEPRECIATION> 5,935 <TOTAL-ASSETS> 11,102 <CURRENT-LIABILITIES> 0<F1> <BONDS> 2,325 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,542 <TOTAL-LIABILITY-AND-EQUITY> 11,102 <SALES> 0 <TOTAL-REVENUES> 1,183 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,033 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 92 <INCOME-PRETAX> 587 <INCOME-TAX> 0 <INCOME-CONTINUING> 587 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 587 <EPS-PRIMARY> 4.51<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>