<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Johnstown/Consolidated Income Partners/2 1996 First Quarter 10-QSB and is qualified in its entirety by reference to usch 10-QSB filing. </LEGEND> <CIK> 0000812431 <NAME> JOHNSTOWN/CONSOLIDATED INCOME PARTNERS/2 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 495 <SECURITIES> 5 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0<F1> <CURRENT-ASSETS> 2,186 <PP&E> 427 <DEPRECIATION> 2,288 <TOTAL-ASSETS> 0<F1> <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,244 <OTHER-SE> 2,288 <TOTAL-LIABILITY-AND-EQUITY> 0 <SALES> 108 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 64 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 44 <EPS-PRIMARY> .63 <EPS-DILUTED> 0 <FN> <F1>The Partnership has an unclassified balance sheet. </FN>