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

                             
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-START]                             JAN-01-1995
[PERIOD-END]                               DEC-31-1995
[CASH]                                         261,728
[SECURITIES]                                         0
[RECEIVABLES]                                        0
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                               308,171
[PP&E]                                       4,699,187
[DEPRECIATION]                               (626,340)
[TOTAL-ASSETS]                               4,381,018
[CURRENT-LIABILITIES]                           49,786
[BONDS]                                              0
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[COMMON]                                             0
[OTHER-SE]                                   4,331,232
[TOTAL-LIABILITY-AND-EQUITY]                 4,381,018
[SALES]                                        364,823
[TOTAL-REVENUES]                               378,489
[CGS]                                          238,811
[TOTAL-COSTS]                                  238,811
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                                     0
[INTEREST-EXPENSE]                                   0
[INCOME-PRETAX]                                139,678
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                   139,678
[EPS-PRIMARY]                                    22.94
[EPS-DILUTED]                                    22.94