<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the balance
sheet as of August 31, 1998 and the statement of income for the period ended
August 31, 1998 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK>                         0000932091
<NAME>                        ILM I Lease Corporation
<MULTIPLIER>                                     1,000
<CURRENCY>                                         USD
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-START>                             SEP-01-1997
<PERIOD-END>                               AUG-31-1998
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