<ARTICLE>                  5

                                                  
<PERIOD-TYPE>                                        12-MOS
<FISCAL-YEAR-END>                                    MAR-31-1999
<PERIOD-END>                                         MAR-31-1999
<CASH>                                               180,030
<SECURITIES>                                         1,455,618
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       24,889,168<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<COMMON>                                             000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<OTHER-SE>                                           24,492,589
<TOTAL-LIABILITY-AND-EQUITY>                         24,889,168<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     103,830<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     385,905<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (2,027,965)<F5>
<EPS-BASIC>                                        (55.01)
<EPS-DILUTED>                                        000
<FN>
<F1>Total assets includes: Investments in Local Limited Partnerships of $23,234,665, and Other assets of $18,855.
<F2>Total liabilities and equity include: Accounts payable to affiliate of $342,233 and Accrued expenses of $54,346.
<F3>Total revenue includes: Investment of $96,265 and Other of $7,565.
<F4>Other expenses include: Asset management fees of $206,220, General and administrative of $140,575, and Amortization of $39,110.
<F5>Net loss includes:  Equity in losses of Local Limited Partnerships of $1,745,890.
</FN>