<ARTICLE>                     6
<LEGEND>       This  schedule   contains  summary   financial   information
               extracted  from  Atlantic City Boardwalk Associates, L.P.'s 
               form 10-Q for  the  quarter ended  March  31, 1996 and is
               qualified in it's entirety  by reference to such financial
               statements.
</LEGEND>
<CIK>                                                                     730408
<NAME>                                  ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.
<MULTIPLIER>                                                                   1
<CURRENCY>                                                                    US
       
                                       
<PERIOD-TYPE>                             3-MOS                      
<FISCAL-YEAR-END>                                                    DEC-31-1996
<PERIOD-START>                                                       JAN-01-1996
<PERIOD-END>                                                         MAR-31-1996
<EXCHANGE-RATE>                                                                1
<INVESTMENTS-AT-COST>                                                          0
<INVESTMENTS-AT-VALUE>                                                         0
<RECEIVABLES>                                                            276,000
<ASSETS-OTHER>                                                           364,000
<OTHER-ITEMS-ASSETS>                                                 132,948,000
<TOTAL-ASSETS>                                                       133,588,000
<PAYABLE-FOR-SECURITIES>                                                       0
<SENIOR-LONG-TERM-DEBT>                                              101,074,000
<OTHER-ITEMS-LIABILITIES>                                             17,456,000
<TOTAL-LIABILITIES>                                                  118,530,000
<SENIOR-EQUITY>                                                              450
<PAID-IN-CAPITAL-COMMON>                                                       0
<SHARES-COMMON-STOCK>                                                          0
<SHARES-COMMON-PRIOR>                                                          0
<ACCUMULATED-NII-CURRENT>                                                      0
<OVERDISTRIBUTION-NII>                                                         0
<ACCUMULATED-NET-GAINS>                                                        0
<OVERDISTRIBUTION-GAINS>                                                       0
<ACCUM-APPREC-OR-DEPREC>                                                       0
<NET-ASSETS>                                                              33,418
<DIVIDEND-INCOME>                                                              0
<INTEREST-INCOME>                                                        144,000
<OTHER-INCOME>                                                         9,848,000
<EXPENSES-NET>                                                         8,889,000
<NET-INVESTMENT-INCOME>                                                        0
<REALIZED-GAINS-CURRENT>                                                       0
<APPREC-INCREASE-CURRENT>                                                      0
<NET-CHANGE-FROM-OPS>                                                    903,000
<EQUALIZATION>                                                                 0
<DISTRIBUTIONS-OF-INCOME>                                                      0
<DISTRIBUTIONS-OF-GAINS>                                                       0
<DISTRIBUTIONS-OTHER>                                                          0
<NUMBER-OF-SHARES-SOLD>                                                        0
<NUMBER-OF-SHARES-REDEEMED>                                                    0
<SHARES-REINVESTED>                                                            0
<NET-CHANGE-IN-ASSETS>                                                   903,000
<ACCUMULATED-NII-PRIOR>                                                        0
<ACCUMULATED-GAINS-PRIOR>                                                      0
<OVERDISTRIB-NII-PRIOR>                                                        0
<OVERDIST-NET-GAINS-PRIOR>                                                     0
<GROSS-ADVISORY-FEES>                                                     33,000
<INTEREST-EXPENSE>                                                     4,108,000
<GROSS-EXPENSE>                                                        9,089,000
<AVERAGE-NET-ASSETS>                                                  14,587,000
<PER-SHARE-NAV-BEGIN>                                                     31,411
<PER-SHARE-NII>                                                                0
<PER-SHARE-GAIN-APPREC>                                                        0
<PER-SHARE-DIVIDEND>                                                           0
<PER-SHARE-DISTRIBUTIONS>                                                      0
<RETURNS-OF-CAPITAL>                                                           0
<PER-SHARE-NAV-END>                                                       33,418
<EXPENSE-RATIO>                                                             0.62
<AVG-DEBT-OUTSTANDING>                                               117,074,000
<AVG-DEBT-PER-SHARE>                                                     260,164