<ARTICLE> 5
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
financial  statements of VMLPZ Mortgage  Investors L.P. as at and for the six
months ended June 30, 1995 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1995
<PERIOD-END>                                   JUN-30-1995
<CASH>                                         $1,570,195
<SECURITIES>                                   0
<RECEIVABLES>                                  15,188
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               1,570,195
<PP&E>                                         0
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 1,756,384
<CURRENT-LIABILITIES>                          321,233
<BONDS>                                        0
<COMMON>                                       0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<OTHER-SE>                                     1,435,151
<TOTAL-LIABILITY-AND-EQUITY>                   1,756,384
<SALES>                                        0
<TOTAL-REVENUES>                               37,928
<CGS>                                          0
<TOTAL-COSTS>                                  260,170
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               (117,608)
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                (222,242)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (222,242)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (222,242)
<EPS-PRIMARY>                                  (0.029)
<EPS-DILUTED>                                  (0.029)