<ARTICLE> 5
<CIK>      0000745895
<NAME>     BOETTCHER PENSION INVESTORS, LTD.
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                         OCT-31-1997
<PERIOD-START>                            NOV-01-1996
<PERIOD-END>                              APR-30-1997
<CASH>                                        817,860 
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<CGS>                                               0          
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