[ARTICLE] 5
[CIK] 0000814077
[NAME] ASSOCIATED PLANNERS REALTY GROWTH FUND

                             
[PERIOD-TYPE]                   9-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-START]                             JAN-01-1995
[PERIOD-END]                               SEP-30-1995
[CASH]                                          15,726
[SECURITIES]                                         0
[RECEIVABLES]                                        0
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                                19,745
[PP&E]                                       3,591,500
[DEPRECIATION]                               (386,246)
[TOTAL-ASSETS]                               3,257,117
[CURRENT-LIABILITIES]                          450,790
[BONDS]                                      1,633,213
[COMMON]                                             0
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[OTHER-SE]                                   1,183,008
[TOTAL-LIABILITY-AND-EQUITY]                 3,257,117
[SALES]                                        168,380
[TOTAL-REVENUES]                               174,986
[CGS]                                          179,893
[TOTAL-COSTS]                                  179,893
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                                     0
[INTEREST-EXPENSE]                             113,922
[INCOME-PRETAX]                              (118,830)
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                 (118,830)
[EPS-PRIMARY]                                  (57.08)
[EPS-DILUTED]                                  (57.08)