<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> JUN-30-2000
<CASH> 214,481
<SECURITIES> 881,681
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 1,980,510<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
000
000
<COMMON> 000
<OTHER-SE> 1,866,045
<TOTAL-LIABILITY-AND-EQUITY> 1,980,510<F2>
<SALES> 000
<TOTAL-REVENUES> 87,453<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 153,019<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (289,165)<F5>
<EPS-BASIC> (5.73)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$874,351, and Other assets of $9,997 <F2>Included in Total Liabilities and
Equity: Accounts Payable to affiliates of $89,550 and Accounts Payable and
accrued expenses of $24,915 <F3>Included in Total Revenue: Investment of $15,373
and Other of $72,080 <F4>Included in Other Expenses: General and administrative
of $98,838, Provision for valuation of investment in Local Limited Partnership
of $50,000 and Amortization of $4,181 <F5>Included in Net Loss: Equity in
losses of Local Limited Partnerships of $223,599 </FN>
</TABLE>