<ARTICLE>                  5
       
                                                  
<PERIOD-TYPE>                                        6-MOS
<FISCAL-YEAR-END>                                    MAR-31-1997
<PERIOD-END>                                         SEP-30-1996
<CASH>                                               321,906
<SECURITIES>                                         2,903,812
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     23,355<F1>
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       35,912,554<F2>
<CURRENT-LIABILITIES>                                122,054<F3>
<BONDS>                                              000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<COMMON>                                             000
<OTHER-SE>                                           35,611,182
<TOTAL-LIABILITY-AND-EQUITY>                         35,912,554<F4>
<SALES>                                              000
<TOTAL-REVENUES>                                     105,760<F5>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     259,116<F6>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (2,306,761)<F7>
<EPS-PRIMARY>                                        (33.13)
<EPS-DILUTED>                                        000
<FN>
<F1>Included in Current Assets: Prepaid insurance $7,738 and Interest receivable $15,617
<F2>Included in Total Assets: Investments in Local Limited Partnerships $32,663,481
<F3>Included  in Current  Liabilities:  Accounts  payable to  affiliates  $66,735 and accounts  payable and accrued
expenses $55,319.
<F4>Included in Total Liabilities and Equity: Deferred revenue $179,318
<F5>Total Revenue includes: Investment $96,834, Other $8,926
<F6>Included  in  Other  Expenses:   General  and   Administrative   $129,364,   Asset  management  fees  $114,572,
Amortization $15,180.
<F7>Net Loss includes:  Equity in losses of Local Limited Partnerships of $2,153,405
</FN>