<ARTICLE> 5 <LEGEND> Article 5 for 3rd Quarter 10-Q for Bass Mortgage Income Fund I. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <CASH> 224,424 <SECURITIES> 0 <RECEIVABLES> 12,974,598 <ALLOWANCES> 957,000 <INVENTORY> 0 <CURRENT-ASSETS> 166,885 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 12,761,042 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 12,761,042 <TOTAL-LIABILITY-AND-EQUITY> 12,761,042 <SALES> 0 <TOTAL-REVENUES> 1,143,968 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 115,029 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,028,939 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,028,939 <EPS-PRIMARY> .69 <EPS-DILUTED> .69