<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<CASH> 88,163
<SECURITIES> 854,086
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 17,673,290<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 17,147,265
<TOTAL-LIABILITY-AND-EQUITY> 17,673,290<F2>
<SALES> 000
<TOTAL-REVENUES> 147,684<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 350,375<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (273,810)<F5>
<EPS-BASIC> (3.98)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$16,721,090 and Other assets of $9,951 <F2>Included in Total Liabilities and
Equity: Accounts payable to affiliates of $457,365 and Accounts payable and
accrued expenses of $68,660
<F3> Included in Total Revenue: Investment of $27,382 and Other of $120,302
<F4>Included in Other Expenses: Asset management fees of $91,552, General
and administrative of $167,592,
Provision for valuation of investments in Local Limited Partnerships of $58,429
and Amortization of $32,802
<F5>Included in Net Loss: Equity in losses of Local Limited Partnerships of
$71,119
</FN>
</TABLE>