<ARTICLE> 5
<CIK> 0000745895
<NAME> BOETTCHER PENSION INVESTORS LTD.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-01-1995
<PERIOD-END>                               JAN-31-1996
<CASH>                                         513,550
<SECURITIES>                                         0
<RECEIVABLES>                                  141,366
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       8,582,007
<DEPRECIATION>                               (572,975)
<TOTAL-ASSETS>                               7,670,652
<CURRENT-LIABILITIES>                                0
<BONDS>                                      5,821,554
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 7,670,652
<SALES>                                              0
<TOTAL-REVENUES>                               308,872
<CGS>                                                0
<TOTAL-COSTS>                                  305,399
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             138,410
<INCOME-PRETAX>                                  3,473
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              3,473
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,473
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0