<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<CASH> 172,793
<SECURITIES> 403,235
<RECEIVABLES> 1,352,695<F1>
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 15,426,960<F2>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 12,230,515
<TOTAL-LIABILITY-AND-EQUITY> 15,426,960<F4>
<SALES> 000
<TOTAL-REVENUES> 212,778<F5>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 3,535,159<F6>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 6,000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (6,671,150)<F7>
<EPS-BASIC> (66.04)
<EPS-DILUTED> 000
<FN>
<F1>Included in Receivables: Interest receivable of $7,350 and Note receivable
of $1,345,345 <F2>Included in Total Assets: Investments in Local Limited
Partnerships of $13,498,237<F4>Included in Total Liabilities and Equity:Accounts
payable to affiliates of $2,371,098, Accounts payable and accrued expenses of
$310,379 and Note payable, affiliate of $514,968 <F5>Included in Total Revenue:
Investment of $36,967, recovery of bad debt of $27,002 and Other of $148,809
<F6>Included in Other Expenses: Asset management fees of $382,512, General and
administrative of $365,743, Provision for valuation of investments in Local
Limited Partnerships of $2,661,103 and Amortization of $125,801 <F7>Included in
Net Loss: Equity in losses of Local Limited Partnerships of $2,556,821 and
loss on liquidation of interests in Local Limited Partnerships of $785,948
</FN>
</TABLE>
