<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF INTERSTATE LAND INVESTORS II FOR THE THREE MONTHS ENDED
MARCH 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                           2,259
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 2,259
<PP&E>                                       6,534,310
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               6,569,941
<CURRENT-LIABILITIES>                          273,127
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   6,296,814
<TOTAL-LIABILITY-AND-EQUITY>                 6,569,941
<SALES>                                              0
<TOTAL-REVENUES>                                   554
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                10,411
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,379
<INCOME-PRETAX>                                (13,236)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (13,236)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (13,236)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0