<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<CASH> 269,647
<SECURITIES> 1,893,004
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 3,529,882<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 3,306,239
<TOTAL-LIABILITY-AND-EQUITY> 3,529,882<F2>
<SALES> 000
<TOTAL-REVENUES> 120,891<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 278,774<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (61,592)<F5>
<EPS-BASIC> (1.02)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships, net of
$1,340,552 and Other assets of $26,679
<F2>Included in Total Liabilities and Equity: Accounts payable to affiliates
of $205,138 and Accounts payable and accrued expenses of
$18,505
<F3>Included in Total Revenue: Investment of $60,332 and Other of $60,559
<F4>Included in Other Expenses: Asset management fees of $141,216, General and
administrative of $125,547, Provision for valuation of
investments in Local Limited Partnerships of $300 and Amortization of $11,711
<F5>Included in Net loss: Equity in income of Local Limited Partnerships of
$96,291
</FN>
</TABLE>