<ARTICLE>                     5
<LEGEND>
     ARTICLE 5 for 1st Quarter 10-Q for BASS INCOME PLUS FUND.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-Mos
<FISCAL-YEAR-END>                              Dec-31-1996
<PERIOD-END>                                   Mar-31-1996
<CASH>                                         819,872
<SECURITIES>                                   0
<RECEIVABLES>                                  578
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               132,089
<PP&E>                                         11,888,951
<DEPRECIATION>                                 3,080,618
<TOTAL-ASSETS>                                 9,831,808
<CURRENT-LIABILITIES>                          85,213
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     742,443
<TOTAL-LIABILITY-AND-EQUITY>                   9,831,808
<SALES>                                        510,051
<TOTAL-REVENUES>                               542,583
<CGS>                                          0      
<TOTAL-COSTS>                                  191,167
<OTHER-EXPENSES>                               127,842 
<LOSS-PROVISION>                               0      
<INTEREST-EXPENSE>                             214,169
<INCOME-PRETAX>                                9,405  
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            0
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   9,405
<EPS-PRIMARY>                                  .15
<EPS-DILUTED>                                  .15