<ARTICLE> 5 <CIK> 0000820047 <NAME> FMG RITA RANCH LIMITED PARTNERSHIP <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <EXCHANGE-RATE> 1 <CASH> 594 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 350,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 350,594 <CURRENT-LIABILITIES> 24,150 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 326,444 <TOTAL-LIABILITY-AND-EQUITY> 350,594 <SALES> 50 <TOTAL-REVENUES> 50 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,589 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (7,539) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,539) <EPS-PRIMARY> 0 <EPS-DILUTED> 0