<ARTICLE>                     5
<LEGEND>
This scheudle contains summary financial information extracted from the Balance
Sheet as of August 31, 1997 and the Statement of Income for the year ended
August 31, 1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK>                    0000932092
<NAME>                   ILM II Lease Corporation
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                           AUG-31-1997
<PERIOD-END>                                AUG-31-1997
<CASH>                                            1,156
<SECURITIES>                                          0
<RECEIVABLES>                                        55
<ALLOWANCES>                                          0
<INVENTORY>                                           0
<CURRENT-ASSETS>                                  1,614
<PP&E>                                              486
<DEPRECIATION>                                       70
<TOTAL-ASSETS>                                    2,126
<CURRENT-LIABILITIES>                             1,307
<BONDS>                                               0
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                             52
<OTHER-SE>                                          667
<TOTAL-LIABILITY-AND-EQUITY>                      2,126
<SALES>                                          14,394
<TOTAL-REVENUES>                                 14,433
<CGS>                                                 0
<TOTAL-COSTS>                                    14,500
<OTHER-EXPENSES>                                      0
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                                    0
<INCOME-PRETAX>                                    (67)
<INCOME-TAX>                                       (27)
<INCOME-CONTINUING>                                (40)
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                       (40)
<EPS-PRIMARY>                                     (.01)
<EPS-DILUTED>                                     (.01)