<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the
balance sheet as of August 31, 1997 and the statement of income for the period
ended August 31, 1997 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK>                         0000932091
<NAME>                        ILM I LEASE CORPORATION, INC.
<MULTIPLIER>                  1,000
       
                           
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                              AUG-31-1997
<PERIOD-END>                                   AUG-31-1997
<CASH>                                               1,473
<SECURITIES>                                             0
<RECEIVABLES>                                            0
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                     1,972
<PP&E>                                                 591
<DEPRECIATION>                                          93
<TOTAL-ASSETS>                                       2,540
<CURRENT-LIABILITIES>                                1,680
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                                75
<OTHER-SE>                                             699
<TOTAL-LIABILITY-AND-EQUITY>                         2,540
<SALES>                                             18,049
<TOTAL-REVENUES>                                    18,121
<CGS>                                                    0
<TOTAL-COSTS>                                       18,600
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                      (192)
<INTEREST-EXPENSE>                                       0
<INCOME-PRETAX>                                       (497)
<INCOME-TAX>                                          (192)
<INCOME-CONTINUING>                                   (287)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                          (287)
<EPS-PRIMARY>                                         (.04)
<EPS-DILUTED>                                         (.04)