<ARTICLE> 5 <CIK> 0000785791 <NAME> ASSOCIATED PLANNERS REALTY FUND L.P. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 503,851 <SECURITIES> 0 <RECEIVABLES> 1,739,508 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,258,673 <PP&E> 2,854,221 <DEPRECIATION> (430,855) <TOTAL-ASSETS> 4,682,039 <CURRENT-LIABILITIES> 12,815 <BONDS> 1,396,829 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,246,044 <TOTAL-LIABILITY-AND-EQUITY> 4,682,039 <SALES> 74,988 <TOTAL-REVENUES> 378,933 <CGS> 72,793 <TOTAL-COSTS> 72,793 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 21,275 <INCOME-PRETAX> 284,865 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 284,865 <EPS-BASIC> 31.98 <EPS-DILUTED> 31.98