<ARTICLE> 5
<CIK>      0000819253
<NAME>     FIRST CAPITAL INSURED REAL ESTATE LIMITED PARTNERSHIP
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                        DEC-31-1996
<PERIOD-START>                           JAN-01-1996 
<PERIOD-END>                             SEP-30-1996 
<CASH>                                     1,729,100  
<SECURITIES>                               2,108,800
<RECEIVABLES>                                 96,600
<ALLOWANCES>                                       0  
<INVENTORY>                                        0
<CURRENT-ASSETS>                           3,934,500
<PP&E>                                    29,326,700
<DEPRECIATION>                             6,103,700
<TOTAL-ASSETS>                            27,908,800
<CURRENT-LIABILITIES>                      1,211,400
<BONDS>                                            0
<COMMON>                                           0
<PREFERRED-MANDATORY>                              0
<PREFERRED>                                        0
<OTHER-SE>                                26,672,700
<TOTAL-LIABILITY-AND-EQUITY>              27,908,800
<SALES>                                            0
<TOTAL-REVENUES>                           3,648,800
<CGS>                                              0
<TOTAL-COSTS>                              1,390,200
<OTHER-EXPENSES>                             134,500
<LOSS-PROVISION>                                   0       
<INTEREST-EXPENSE>                                 0
<INCOME-PRETAX>                            1,250,200
<INCOME-TAX>                                       0
<INCOME-CONTINUING>                        1,250,200
<DISCONTINUED>                                     0
<EXTRAORDINARY>                                    0
<CHANGES>                                          0
<NET-INCOME>                               1,250,200
<EPS-PRIMARY>                                   1.80  
<EPS-DILUTED>                                   1.80