<ARTICLE> 5
<CIK> 0000808420
<NAME> ASSOCIATED PLANNERS REALTY INCOME FUND
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<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