Exhibit (a)(3)


          CONTACT: The Herman Group, Inc.    D.F. King & Co., Inc.
                   (800) 658-2007            (800) 628-8538

          FOR IMMEDIATE RELEASE 

                      HIGH RIVER TENDER OFFERS FOR MCNEIL 
                         LIMITED PARTNERSHIPS EXTENDED 

                    Dallas, Texas and New York, New York, August 24,
          1995--High River Limited Partnership ("High River") today
          announced that it has extended the expiration date of its
          tender offers (the "Tender Offers") for units of limited
          partnership interest in each of McNeil Pacific Investors
          Fund 1972, McNeil Real Estate Fund V, Ltd., McNeil Real
          Estate Fund IX, Ltd., McNeil Real Estate Fund X, Ltd.,
          McNeil Real Estate Fund XI, Ltd., McNeil Real Estate Fund
          XIV, Ltd., McNeil Real Estate Fund XV, Ltd., McNeil Real
          Estate Fund XX, L.P., McNeil Real Estate Fund XXIV, L.P.
          and McNeil Real Estate Fund XXV, L.P. (collectively, the
          "Partnerships") until 12:00 midnight, New York City time,
          on September 12, 1995.  High River and McNeil Partners,
          L.P., the general partner of each of the Partnerships
          ("McNeil Partners"), also announced that they are currently
          engaged in settlement discussions which, among other
          things, may result in settlement of litigation with respect
          to the Tender Offers.  No assurance can be given as to the
          outcome of those discussions.  

                    The Tender Offers are being made pursuant to the
          Offers to Purchase dated August 3, 1995, as amended and
          supplemented.