<ARTICLE> 5 <CIK> 0000808420 <NAME> ASSOCIATED PLANNERS REALTY INCOME FUND <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 51,477 <SECURITIES> 168,949 <RECEIVABLES> 1,712 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 287,006 <PP&E> 4,699,188 <DEPRECIATION> 577,302 <TOTAL-ASSETS> 4,408,892 <CURRENT-LIABILITIES> 48,235 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,360,657 <TOTAL-LIABILITY-AND-EQUITY> 4,408,892 <SALES> 175,633 <TOTAL-REVENUES> 181,159 <CGS> 126,088 <TOTAL-COSTS> 126,088 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 55,071 <EPS-PRIMARY> 8.86 <EPS-DILUTED> 8.86