<ARTICLE> 5 <CIK> 0000804127 <NAME> AEI REAL ESTATE FUND XVI LIMITED PARTNERSHIP <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 894,438 <SECURITIES> 0 <RECEIVABLES> 8,305 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 902,743 <PP&E> 10,237,068 <DEPRECIATION> (2,171,547) <TOTAL-ASSETS> 8,968,264 <CURRENT-LIABILITIES> 274,214 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,499,834 <TOTAL-LIABILITY-AND-EQUITY> 8,968,264 <SALES> 0 <TOTAL-REVENUES> 267,855 <CGS> 0 <TOTAL-COSTS> 128,668 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 139,187 <INCOME-TAX> 0 <INCOME-CONTINUING> 139,187 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 139,187 <EPS-PRIMARY> 9.90 <EPS-DILUTED> 9.90