<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENTS
OF ASSETS & LIABILITIES; STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000846581
<NAME> THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                      58,578,848
<SECURITIES>                                14,950,525
<RECEIVABLES>                                  167,275
<ALLOWANCES>                                    66,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                           170,552,624
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                             244,249,272
<CURRENT-LIABILITIES>                        4,088,875
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                 240,160,397
<TOTAL-LIABILITY-AND-EQUITY>               244,249,272
<SALES>                                              0
<TOTAL-REVENUES>                            27,163,552
<CGS>                                                0
<TOTAL-COSTS>                               11,330,039
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                15,833,513
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0