<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 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 SEP-30-1996.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                           5,138
<SECURITIES>                                         0
<RECEIVABLES>                                    8,930
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                14,068
<PP&E>                                       1,627,741
<DEPRECIATION>                             (1,372,851)
<TOTAL-ASSETS>                                 268,958
<CURRENT-LIABILITIES>                            1,336
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     267,622
<TOTAL-LIABILITY-AND-EQUITY>                   268,958
<SALES>                                         41,980
<TOTAL-REVENUES>                                42,015
<CGS>                                                0
<TOTAL-COSTS>                                   30,344<F1>
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                (1,896)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (1,896)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,896)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<FN>
<F1>INCLUDES LEASE OPERATING EXPENSES, PRODUCTION TAXES AND DEPRECIATION AND
AMORTIZATION EXPENSE. EXCLUDES GENERAL AND ADMINISTRATIVE AND INTEREST EXPENSE.
</FN>