<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Lutheran Brotherhood Realty Fund I Form 10-Q for the Quarter ended September 30, 1996 and is qualified in its entirety by reference to such Form 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 1,970 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,970 <PP&E> 2,248 <DEPRECIATION> 345 <TOTAL-ASSETS> 5,649 <CURRENT-LIABILITIES> 108 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 5,541 <TOTAL-LIABILITY-AND-EQUITY> 5,649 <SALES> 1,345 <TOTAL-REVENUES> 1,404 <CGS> 229 <TOTAL-COSTS> 229 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,029 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,029 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,029 <EPS-PRIMARY> 0 <EPS-DILUTED> 0