<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Cash Plus V Financial Statements for the three months ended March 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 15,816,155<F1> <SECURITIES> 534,715 <RECEIVABLES> 4,176<F2> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,646 <PP&E> 468,949<F3> <DEPRECIATION> 0 <TOTAL-ASSETS> 16,969,641 <CURRENT-LIABILITIES> 397,203 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 16,523,158<F4> <OTHER-SE> 40,280<F5> <TOTAL-LIABILITY-AND-EQUITY> 16,969,641 <SALES> 0 <TOTAL-REVENUES> 283,380<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 51,606 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 231,774<F7> <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes cash and cash equivalents of $394,437 and investments in commercial paper of $15,421,718. <F2>Includes all receivables of the Partnership included in "Other Assets" on the Balance Sheet. <F3>Includes investment in Joint Venture. <F4>Equity of General Partners ($125,174), Limited Partners $16,657,332. <F5>Unrealized holding gain on MBS of $40,280. <F6>Includes interest income of $157,380 and Partnership's share of Joint Venture net income of $126,000. <F7>Net income allocated $2,318 to General Partners and $229,456 to the Limited Partners. Net Income per unit is $.11. </FN>