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

                                        
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-START]                             JAN-01-1995
[PERIOD-END]                               DEC-31-1995
[CASH]                                           (328)
[SECURITIES]                                         0
[RECEIVABLES]                                   26,329
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                                42,618
[PP&E]                                       1,326,245
[DEPRECIATION]                                (40,800)
[TOTAL-ASSETS]                               1,328,063
[CURRENT-LIABILITIES]                           61,313
[BONDS]                                      1,826,385
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[COMMON]                                             0
[OTHER-SE]                                   (800,058)
[TOTAL-LIABILITY-AND-EQUITY]                 1,328,063
[SALES]                                        243,067
[TOTAL-REVENUES]                               243,214
[CGS]                                          243,384
[TOTAL-COSTS]                                  243,384
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                             1,912,727
[INTEREST-EXPENSE]                             188,998
[INCOME-PRETAX]                                      0
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                               (2,101,895)
[EPS-PRIMARY]                               (1,009.64)
[EPS-DILUTED]                               (1,009.64)