<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF THE MARCH 31, 1996 FORM 10Q OF HIGH CASH PARTNERS, L.P. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,469,237 <SECURITIES> 0 <RECEIVABLES> 143,596 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,612,833 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 24,629,630 <CURRENT-LIABILITIES> 601,579 <BONDS> 14,428,041 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 9,600,010 <TOTAL-LIABILITY-AND-EQUITY> 24,629,630 <SALES> 0 <TOTAL-REVENUES> 608,377 <CGS> 0 <TOTAL-COSTS> 274,951 <OTHER-EXPENSES> 120,735 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 397,323 <INCOME-PRETAX> (184,632) <INCOME-TAX> 0 <INCOME-CONTINUING> (184,632) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (184,632) <EPS-PRIMARY> 0 <EPS-DILUTED> 0