<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<CASH> 523,352
<SECURITIES> 2,332,268
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 21,702,984<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 21,406,997
<TOTAL-LIABILITY-AND-EQUITY> 21,702,984<F2>
<SALES> 000
<TOTAL-REVENUES> 235,508<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 665,462<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (3,006,310)<F5>
<EPS-BASIC> (43.18)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total assets: Investments in Local Limited Partnerships of
$18,818,290 and Other assets of $29,074
<F2>Included in Total liabilities and equity: Deferred revenue of $131,198,
Accounts payable to affiliates of $121,184 and Accounts payable and accrued
expenses of $43,605 <F3>Included in Total revenue: Investment of $156,312 and
Other revenue of $79,196 <F4>Included in Other expenses: General and
administrative of $219,794, Asset management fees of $247,331, Provision for
valuation of investment in Local Limited Partnership of $174,739 and
Amortization of $23,598 <F5>Included in Net Loss: Equity in losses of Local
Limited Partnerships of $(2,576,356)
</FN>
</TABLE>