<ARTICLE> 5 <CIK> 0000808420 <NAME> ASSOCIATED PLANNERS REALTY INCOME <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 2,698,334 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,704,265 <PP&E> 1,537,354 <DEPRECIATION> (394,090) <TOTAL-ASSETS> 3,854,114 <CURRENT-LIABILITIES> 18,462 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,835,652 <TOTAL-LIABILITY-AND-EQUITY> 3,854,114 <SALES> 47,226 <TOTAL-REVENUES> 251,445 <CGS> 73,212 <TOTAL-COSTS> 73,212 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 178,233 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 178,233 <EPS-PRIMARY> 31.05 <EPS-DILUTED> 31.05