<ARTICLE> 5 <CIK> 0000785791 <NAME> ASSOCIATED PLANNERS REALTY FUND, L.P. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 30,032 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 55,305 <PP&E> 5,470,743 <DEPRECIATION> (1,021,567) <TOTAL-ASSETS> 4,510,963 <CURRENT-LIABILITIES> 52,521 <BONDS> 1,422,816 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,035,626 <TOTAL-LIABILITY-AND-EQUITY> 4,510,963 <SALES> 275,050 <TOTAL-REVENUES> 669,575 <CGS> 185,380 <TOTAL-COSTS> 185,380 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 54,262 <INCOME-PRETAX> 429,933 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 429,933 <EPS-BASIC> 50.83 <EPS-DILUTED> 50.83