<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> JUN-30-2000
<CASH> 63,153
<SECURITIES> 1,916,226
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 3,306,447<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 3,182,525
<TOTAL-LIABILITY-AND-EQUITY> 3,306,447<F2>
<SALES> 000
<TOTAL-REVENUES> 87,014<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 136,467<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (177,739)<F5>
<EPS-BASIC> (2.93)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$1,299,412 and Other assets of $27,656 <F2>Included in Total Liabilities and
Equity: Accounts payable to affiliates of $98,801 and Accounts payable and
accrued expenses of $25,121 <F3>Included in Total Revenue: Investment of $29,712
and Other of $57,302 <F4>Included in Other Expenses: Asset management fees of
$70,608, General and administrative of $59,567 and Amortization of $6,292
<F5>Included in Net Loss: Equity in losses of Local Limited Partnerships of
$128,286</FN>
</TABLE>