<ARTICLE>                  5

                                                  
<PERIOD-TYPE>                                        12-MOS
<FISCAL-YEAR-END>                                    MAR-31-2000
<PERIOD-END>                                         MAR-31-2000
<CASH>                                               523,352
<SECURITIES>                                         2,332,268
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       21,702,984<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<COMMON>                                             000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<OTHER-SE>                                           21,406,997
<TOTAL-LIABILITY-AND-EQUITY>                         21,702,984<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     235,508<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     665,462<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (3,006,310)<F5>
<EPS-BASIC>                                        (43.18)
<EPS-DILUTED>                                        000
<FN>
<F1>Included in Total assets: Investments in Local Limited Partnerships of
$18,818,290 and Other assets of $29,074
<F2>Included  in Total  liabilities  and equity:  Deferred  revenue of $131,198,
Accounts  payable to  affiliates  of $121,184 and  Accounts  payable and accrued
expenses of $43,605  <F3>Included  in Total revenue:  Investment of $156,312 and
Other  revenue  of  $79,196   <F4>Included  in  Other   expenses:   General  and
administrative  of $219,794,  Asset  management fees of $247,331,  Provision for
valuation  of  investment  in  Local   Limited   Partnership   of  $174,739  and
Amortization  of  $23,598  <F5>Included  in Net Loss:  Equity in losses of Local
Limited   Partnerships  of  $(2,576,356)
 </FN>