<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-2001 <PERIOD-END> DEC-31-2000 <CASH> 125,243 <SECURITIES> 1,495,513 <RECEIVABLES> 000 <ALLOWANCES> 000 <INVENTORY> 000 <CURRENT-ASSETS> 000 <PP&E> 000 <DEPRECIATION> 000 <TOTAL-ASSETS> 21,161,242<F1> <CURRENT-LIABILITIES> 000 <BONDS> 000 <PREFERRED-MANDATORY> 000 <PREFERRED> 000 <COMMON> 000 <OTHER-SE> 20,645,078 <TOTAL-LIABILITY-AND-EQUITY> 21,161,242<F2> <SALES> 000 <TOTAL-REVENUES> 75,726<F3> <CGS> 000 <TOTAL-COSTS> 000 <OTHER-EXPENSES> 244,845<F4> <LOSS-PROVISION> 000 <INTEREST-EXPENSE> 000 <INCOME-PRETAX> 000 <INCOME-TAX> 000 <INCOME-CONTINUING> 000 <DISCONTINUED> 000 <EXTRAORDINARY> 000 <CHANGES> 000 <NET-INCOME> (1,657,890)<F5> <EPS-BASIC> (44.97) <EPS-DILUTED> 000 <FN> <F1>Included in Total Assets: Investments in Local Limited Partnerships, net of $19,518,164 and Other assets of $22,322 <F2>Included in Total Liabilities and Equity: Accounts payable to affiliate of $476,022 and Accrued expenses of $40,142 <F3>Inclued in Total Revenue: Investment of $74,696 and Other of $1,030 <F4>Included in Other expenses: Asset management fees,related party of $158,037, General and administrative of $55,466, Provision for valuation for $8,884 and Amortization of $22,458 <F5>Included in Net Loss: Equity in losses of Local Limited Partnerships of $(1,488,771) </FN>