<ARTICLE>                  5
       
                                                  
<PERIOD-TYPE>                                        9-MOS
<FISCAL-YEAR-END>                                    MAR-31-1999
<PERIOD-END>                                         DEC-31-1998
<CASH>                                               213,538
<SECURITIES>                                         1,562,948
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       25,417,131<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<COMMON>                                             000
<OTHER-SE>                                           24,961,171
<TOTAL-LIABILITY-AND-EQUITY>                         25,417,131<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     81,772<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     279,241<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (1,567,863)<F5>
<EPS-PRIMARY>                                        (42.53)
<EPS-DILUTED>                                        000
<FN>
<F1>Total   assets  include   Investments  in  Local  Limited   Partnerships  of
$23,619,828,  Organizational  costs,  net of $1,667 and Other  assets of $19,150
<F2>Total  liability  and equity  includes  Accounts  payable to  affiliates  of
$414,435 and Accrued expenses of $41,525 <F3>Total  revenue includes  Investment
of $74,207 and Other of $7,565 <F4>Other Expenses include Asset Management fees,
related  party  of  $152,295,   General  and   administrative   of  $96,988  and
Amortization of $29,958. <F5>Net loss includes Equity in losses of Local Limited
Partnerships of $1,370,394. 
</FN>