[ARTICLE] 5
[CIK] 0000808420
[NAME] ASSOCIATED PLANNERS REALTY INCOME FUND

                             
[PERIOD-TYPE]                   9-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-START]                             JAN-01-1995
[PERIOD-END]                               SEP-30-1995
[CASH]                                          76,651
[SECURITIES]                                   172,553
[RECEIVABLES]                                    1,615
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                               303,481
[PP&E]                                       4,699,188
[DEPRECIATION]                               (601,821)
[TOTAL-ASSETS]                               4,400,848
[CURRENT-LIABILITIES]                           46,971
[BONDS]                                              0
[COMMON]                                             0
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[OTHER-SE]                                   4,352,232
[TOTAL-LIABILITY-AND-EQUITY]                 4,400,848
[SALES]                                        283,389
[TOTAL-REVENUES]                               298,989
[CGS]                                          201,383
[TOTAL-COSTS]                                  201,383
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                                     0
[INTEREST-EXPENSE]                                   0
[INCOME-PRETAX]                                 97,606
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                    97,606
[EPS-PRIMARY]                                    15.94
[EPS-DILUTED]                                    15.94