<ARTICLE> 5 <CIK> 0000814077 <NAME> ASSOCIATED PLANNERS REALTY GROWTH FUND <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 18,326 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 21,631 <PP&E> 1,316,728 <DEPRECIATION> (56,640) <TOTAL-ASSETS> 1,292,212 <CURRENT-LIABILITIES> 386,952 <BONDS> 1,824,918 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (919,658) <TOTAL-LIABILITY-AND-EQUITY> 1,292,212 <SALES> 118,597 <TOTAL-REVENUES> 118,692 <CGS> 123,369 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 114,923 <INCOME-PRETAX> (119,600) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (119,600) <EPS-PRIMARY> (57.45) <EPS-DILUTED> (57.45)