<ARTICLE> 5 <LEGEND> THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SIERRA PACIFIC DEVELOPMENT FUND MARCH 31, 1999 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 84,538 <SECURITIES> 0 <RECEIVABLES> 59,014 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 196,028 <PP&E> 5,858,893 <DEPRECIATION> 3,151,793 <TOTAL-ASSETS> 3,276,788 <CURRENT-LIABILITIES> 136,709 <BONDS> 1,708,933 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 1,431,146 <TOTAL-LIABILITY-AND-EQUITY> 3,276,788 <SALES> 214,772 <TOTAL-REVENUES> 214,772 <CGS> 0 <TOTAL-COSTS> 126,351 <OTHER-EXPENSES> 86,305 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 38,537 <INCOME-PRETAX> (34,035) <INCOME-TAX> 0 <INCOME-CONTINUING> (34,035) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (34,035) <EPS-PRIMARY> (1.16) <EPS-DILUTED> (1.16)