<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<CASH> 116,806
<SECURITIES> 696,102
<RECEIVABLES> 1,339,648<F1>
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 14,396,535<F2>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 10,907,219
<TOTAL-LIABILITY-AND-EQUITY> 14,396,535<F3>
<SALES> 000
<TOTAL-REVENUES> 78,772<F4>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 454,639<F5>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 2,500
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (1,326,337)<F6>
<EPS-BASIC> (13.13)
<EPS-DILUTED> 000
<FN>
<F1>Included in Receivables: Interest receivable of $11,281 and Note receivable
of $1,328,367
<F2>Included in Total Assets: Investments in Local Limited Partnerships of
$12,243,979
<F3>Included in Total Liabilities and Equity: Accounts payable to affiliates
of $2,672,651, Accounts payable and accrued expenses of $301,697 and Note
payable, affiliate of $514,968
<F4>Included in Total Revenue: Investment of $22,810 and Other of $55,962
<F5>Included in Other Expenses: Asset management fees of $190,066, General and
administrative of $219,911 and
Amortization of $44,662
<F6>Included in Net Loss: Equity in losses of Local Limited Partnerships of
$947,970
</FN>
</TABLE>