<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
unaudited consolidated financial statements of Berthel Growth & Income Trust I
as of September 30, 1999, and the nine months ended September 30, 1999, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                         786,418
<SECURITIES>                                         0
<RECEIVABLES>                                  134,595
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              13,266,315
<CURRENT-LIABILITIES>                          112,644
<BONDS>                                      2,500,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   9,366,555<F1>
<TOTAL-LIABILITY-AND-EQUITY>                13,266,315
<SALES>                                              0
<TOTAL-REVENUES>                               460,819
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               491,496
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              24,934
<INCOME-PRETAX>                            (1,160,611)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (1,160,611)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                     (33,817)
<NET-INCOME>                               (1,194,428)
<EPS-BASIC>                                   (113.31)<F2>
<EPS-DILUTED>                                 (113.31)<F2>
<FN>
<F1>Net Assets
<F2>Net Income per Beneficial Share Based on Weighted Average Shares Outstanding
    which was 10,541
</FN>