<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Swift Energy
Managed Pension Assets Partnership 1988-2, Ltd.'s balance sheet and statement of
operations  contained in its Form 10-Q for the quarter  ended March 31, 1997 and
is qualified in its entirety by reference to such finanacial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-END>                                   MAR-31-1997
<CASH>                                         73,529
<SECURITIES>                                   0
<RECEIVABLES>                                  53,517
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               127,046
<PP&E>                                         1,104,523
<DEPRECIATION>                                 (790,747)
<TOTAL-ASSETS>                                 468,868
<CURRENT-LIABILITIES>                          14,647
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     432,588
<TOTAL-LIABILITY-AND-EQUITY>                   468,868
<SALES>                                        47,409
<TOTAL-REVENUES>                               48,570
<CGS>                                          0
<TOTAL-COSTS>                                  23,078<F1>
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                19,572
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            19,572
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   19,572
<EPS-PRIMARY>                                  0
<EPS-DILUTED>                                  0
<FN>
<F1>Includes lease operating expenses, production taxes and depreciation,
depletion and amortization expense.  Excludes general and administrative and
interest expense.
</FN>