<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Lutheran Brotherhood Realty Fund I Form 10-Q for the Quarter ended March 31, 1996 and is qualified in its entirety by reference to such Form 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 650 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 650 <PP&E> 2248 <DEPRECIATION> 332 <TOTAL-ASSETS> 4779 <CURRENT-LIABILITIES> 83 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4696 <TOTAL-LIABILITY-AND-EQUITY> 4779 <SALES> 132 <TOTAL-REVENUES> 187 <CGS> 75 <TOTAL-COSTS> 75 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 56 <INCOME-TAX> 0 <INCOME-CONTINUING> 56 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 56 <EPS-PRIMARY> 0 <EPS-DILUTED> 0