<ARTICLE> 5
<LEGEND>
SWIFT ENERGY MANAGED PENSION ASSETS PARTNERSHIP 1988-1, LTD'S BALANCE SHEET 
AND STATEMENT OF OPERATIONS CONTAINED IN ITS FORM 10-Q FOR THE QUARTER ENDED 
MARCH 31, 1996.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           1,158
<SECURITIES>                                         0
<RECEIVABLES>                                    8,504
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 9,662
<PP&E>                                       1,662,199
<DEPRECIATION>                             (1,351,439)
<TOTAL-ASSETS>                                 320,422
<CURRENT-LIABILITIES>                           33,413
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     287,009
<TOTAL-LIABILITY-AND-EQUITY>                   320,422
<SALES>                                         13,402
<TOTAL-REVENUES>                                13,407
<CGS>                                                0
<TOTAL-COSTS>                                    8,932<F1>
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0    
<INCOME-PRETAX>                                     16
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                 16
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        16
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<FN>
<F1>Includes amortization expense. Excludes general and administrative and
interest expense.
</FN>