<ARTICLE>           5
<LEGEND>
                    The Schedule contains summary financial 
                    information extracted from the financial
                    statements for Fogelman Mortgage L.P. I
                    and is qualified in its entirety by reference
                    to such financial statements
</LEGEND>

<RESTATED>          
<CIK>               0000800608
<NAME>              Fogelman Mortgage L.P. I
<MULTIPLIER>        1

<FISCAL-YEAR-END>               Dec-31-1997

<PERIOD-START>                  Jan-1-1997

<PERIOD-END>                    Mar-31-1997

<PERIOD-TYPE>                   3-Mos

<CASH>                          1,446,185

<SECURITIES>                    0

<RECEIVABLES>                   26,090,818

<ALLOWANCES>                    0

<INVENTORY>                     0

<CURRENT-ASSETS>                0

<PP&E>                          438,187

<DEPRECIATION>                  0

<TOTAL-ASSETS>                  27,975,190

<CURRENT-LIABILITIES>           371,416

<BONDS>                         0

<PREFERRED-MANDATORY>           0

<PREFERRED>                     0

<COMMON>                        0

<OTHER-SE>                      27,603,774

<TOTAL-LIABILITY-AND-EQUITY>    27,975,190

<SALES>                         0

<TOTAL-REVENUES>                482,221

<CGS>                           0

<TOTAL-COSTS>                   80,786

<OTHER-EXPENSES>                0

<LOSS-PROVISION>                0

<INTEREST-EXPENSE>              0

<INCOME-PRETAX>                 0

<INCOME-TAX>                    0

<INCOME-CONTINUING>             0

<DISCONTINUED>                  0

<EXTRAORDINARY>                 0

<CHANGES>                       0

<NET-INCOME>                    401,435

<EPS-PRIMARY>                   6.28

<EPS-DILUTED>                   0