<ARTICLE>          5

                                                  
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                                    MAR-31-2000
<PERIOD-END>                                         JUN-30-1999
<CASH>                                               158,547
<SECURITIES>                                         1,592,743
<RECEIVABLES>                                        000
<ALLOWANCES>                                         000
<INVENTORY>                                          000
<CURRENT-ASSETS>                                     000
<PP&E>                                               000
<DEPRECIATION>                                       000
<TOTAL-ASSETS>                                       24,348,426<F1>
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<COMMON>                                             000
<OTHER-SE>                                           23,922,721
<TOTAL-LIABILITY-AND-EQUITY>                         24,348,426<F2>
<SALES>                                              000
<TOTAL-REVENUES>                                     23,539<F3>
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     94,727<F4>
<LOSS-PROVISION>                                     000
<INTEREST-EXPENSE>                                   000
<INCOME-PRETAX>                                      000
<INCOME-TAX>                                         000
<INCOME-CONTINUING>                                  000
<DISCONTINUED>                                       000
<EXTRAORDINARY>                                      000
<CHANGES>                                            000
<NET-INCOME>                                         (557,442)<F5>
<EPS-BASIC>                                        (15.12)
<EPS-DILUTED>                                        000
<FN>
<F1>Included  in Total assets is  Investments in Local Limited  Partnerships of
$22,582,703  and Other assets of $14,433.
<F2>Total liability and equity includes Accounts payable to affiliate of
$387,644  and  Accrued  expenses of $38,061.
<F3>Total revenue includes Investment of $22,739 and Other of $800.
<F4>Included in Other expenses is Asset management fees,  related party of
$51,555,  General and  administrative of $35,686 and Amortization of $7,486.
<F5>Net loss includes Equity in losses of Local Limited Partnerships of
$486,254.
</FN>