<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> JUN-30-2000
<CASH> 61,448
<SECURITIES> 891,884
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 17,691,985<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 17,251,997
<TOTAL-LIABILITY-AND-EQUITY> 17,691,985<F2>
<SALES> 000
<TOTAL-REVENUES> 132,866<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 190,051<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (166,315)<F5>
<EPS-BASIC> (2.42)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$16,724,479 and Other assets of $14,174 <F2>Included in Total Liabilities and
Equity: Accounts payable to affiliates of $373,129 and Accounts payable and
accrued expenses of $66,859 <F3> Included in Total Revenue: Investment of
$13,314 and Other of $119,552 <F4>Included in Other Expenses: Asset management
fees of $45,776, General and administrative of $69,445, Provision for valuation
of investments in Local Limited Partnerships of $58,429 and Amortization of
$16,401 <F5>Included in Net Loss: Equity in losses of Local Limited Partnerships
of $109,130</FN>
</TABLE>