<ARTICLE>           5
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
Partnership's  audited  financial  statements  for  the  quarter  ended  October
31,  1997 and is  qualified  in its  entirety  by  reference  to such  financial
statements. 
</LEGEND>
<MULTIPLIER>                                                1,000
       
                                                         
<PERIOD-TYPE>                                               3-MOS
<FISCAL-YEAR-END>                                     JUL-31-1998 
<PERIOD-END>                                          OCT-31-1997  
<CASH>                                                      1,429
<SECURITIES>                                                5,222
<RECEIVABLES>                                              18,724
<ALLOWANCES>                                                    0
<INVENTORY>                                                     0
<CURRENT-ASSETS>                                            1,592    
<PP&E>                                                          0
<DEPRECIATION>                                                  0
<TOTAL-ASSETS>                                             25,862
<CURRENT-LIABILITIES>                                          70
<BONDS>                                                         0
<PREFERRED-MANDATORY>                                           0 
<PREFERRED>                                                     0
<COMMON>                                                        0
<OTHER-SE>                                                 25,792
<TOTAL-LIABILITY-AND-EQUITY>                               25,862
<SALES>                                                         0
<TOTAL-REVENUES>                                              494
<CGS>                                                           0
<TOTAL-COSTS>                                                 139
<OTHER-EXPENSES>                                                0
<LOSS-PROVISION>                                                0
<INTEREST-EXPENSE>                                              0
<INCOME-PRETAX>                                               355
<INCOME-TAX>                                                    0
<INCOME-CONTINUING>                                           355  
<DISCONTINUED>                                                  0
<EXTRAORDINARY>                                                 0
<CHANGES>                                                       0
<NET-INCOME>                                                  355
<EPS-PRIMARY>                                                0.64
<EPS-DILUTED>                                                0.64