<ARTICLE>                  5
       
                                                  
<PERIOD-TYPE>                                        6-MOS
<FISCAL-YEAR-END>                                    MAR-31-1998
<PERIOD-END>                                         SEP-30-1997
<CASH>                                               211,694
<SECURITIES>                                         1,503,217
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       28,028,615<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<COMMON>                                             000
<OTHER-SE>                                           27,837,052
<TOTAL-LIABILITY-AND-EQUITY>                         28,028,615<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     54,770<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     201,996<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (1,082,165)<F5>
<EPS-PRIMARY>                                        (29.35)
<EPS-DILUTED>                                        000
<FN>
<F1>Included  in total assets is  Investments in Local Limited  Partnerships  of
$26,276,748,  Organizational  costs, net of $14,167 and Other assets of $22,789.
<F2>Total  liability  and  equity  includes  Accounts  payable to  affiliate  of
$169,946 and Accrued expenses of $21,617.
<F3>Total revenue includes Investment of $53,445 and Other of $1,325.
<F4>Included  in Other  Expenses  is Asset  Management  fees,  related  party of
$99,218,  General and  administrative  of $82,806,  and Amortization of $19,972.
<F5>Net  loss  includes  Equity  in  losses  of Local  Limited  Partnerships  of
$934,939.
</FN>