<ARTICLE> 5 <CIK> 0000879496 <NAME> AFG INVESTMENT TRUST C <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 21,944,450 <SECURITIES> 0 <RECEIVABLES> 1,019,784 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 22,964,234 <PP&E> 92,186,671 <DEPRECIATION> 42,241,976 <TOTAL-ASSETS> 72,908,929 <CURRENT-LIABILITIES> 5,872,745 <BONDS> 30,675,690 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 36,360,494 <TOTAL-LIABILITY-AND-EQUITY> 72,908,929 <SALES> 0 <TOTAL-REVENUES> 19,153,506 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,056,267 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,098,019 <INCOME-PRETAX> 4,999,220 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,999,220 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,999,220 <EPS-PRIMARY> 0 <EPS-DILUTED> 0