<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Swift Energy
Managed Pension Assets Partnership 1988-1, Ltd.'s balance sheet and statement of
operations  contained in its Form 10-Q for the quarter  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>                                         74,723
<SECURITIES>                                   0
<RECEIVABLES>                                  3,015
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               77,738
<PP&E>                                         1,562,439
<DEPRECIATION>                                 (1,406,173)
<TOTAL-ASSETS>                                 234,004
<CURRENT-LIABILITIES>                          2,544
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     231,460
<TOTAL-LIABILITY-AND-EQUITY>                   234,004
<SALES>                                        4,792
<TOTAL-REVENUES>                               5,814
<CGS>                                          0
<TOTAL-COSTS>                                  3,792<F1>
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                (3,024)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (3,024)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (3,024)
<EPS-PRIMARY>                                  0
<EPS-DILUTED>                                  0
<FN>
<F1>Includes  lease  operating  expenses,  production  taxes  and  depreciation,
depletion and  amortization  expense.  Excludes gene al and  administrative  and
interest expense.
</FN>