<ARTICLE>                     5

                                                  
<PERIOD-TYPE>                                        9-MOS
<FISCAL-YEAR-END>                                    MAR-31-2000
<PERIOD-END>                                         DEC-31-1999
<CASH>                                               297,587
<SECURITIES>                                         1,354,928
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       23,181,631<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<COMMON>                                             000
<OTHER-SE>                                           22,741,074
<TOTAL-LIABILITY-AND-EQUITY>                         23,181,631<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     68,979<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     282,966<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (1,729,725)<F5>
<EPS-BASIC>                                        (46.92)
<EPS-DILUTED>                                        000
<FN>
<F1>Total   assets  include   Investments  in  Local  Limited   Partnerships  of
$21,515,686 and Other assets of $13,430. <F2>Total liability and equity includes
Accounts  payable to  affiliates  of $400,898  and  Accrued  expenses of $39,659
<F3>Total revenue includes Investment of $67,779 and Other of $1,200.  <F4>Other
Expenses include Asset Management fees,  related party of $154,665,  General and
administrative  of $105,844 and  Amortization of $22,457.  <F5>Net loss includes
Equity in losses of Local Limited  Partnerships  of  $1,515,738.
</FN>