<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<CASH> 243,820
<SECURITIES> 1,822,556
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 3,524,818<F1>
<CURRENT-LIABILITIES> 168,121<F2>
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 3,356,697
<TOTAL-LIABILITY-AND-EQUITY> 3,524,818
<SALES> 000
<TOTAL-REVENUES> 181,006<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 1,721,461<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (2,453,290)<F5>
<EPS-BASIC> (40.48)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$1,433,990 and Other assets of $24,452 <F2>Included in Total Liabilities:
Accounts payable to affiliates of $133,681 and Accounts payable and accrued
expenses of $34,440 <F3>Included in Total Revenue: Investment of $114,381 and
Other of $66,625 <F4>Included in Other Expenses: Asset Management Fees of
$274,370, General and administrative of $219,248, Provision for valuation of
investments in Local Limited Partnerships of $1,194,155 and Amortization of
$33,688 <F5>Included in Net Loss: Equity in losses of Local Limited Partnerships
of $658,502 and loss on transfer of interests in Local Limited Partnerships of
$254,333
</FN>
</TABLE>