<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> JUN-30-2000
<CASH> 254,222
<SECURITIES> 2,652,537
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 21,258,394<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 20,984,364
<TOTAL-LIABILITY-AND-EQUITY> 21,258,394<F2>
<SALES> 000
<TOTAL-REVENUES> 158,616<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 135,999<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (427,315)<F5>
<EPS-BASIC> (6.14)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$18,313,406 and Other assets of $38,229 <F2>Included in Total Liabilities and
Equity: Accounts payable to affiliates of $97,257, Accounts payable and accrued
expenses of $43,580 and Deferred revenue of $133,193 <F3>Included in Total
Revenue: Investment of $42,487 and Other of $116,129 <F4>Included in Other
Expenses:General and administrative of $67,259, Asset management fees of $62,841
and Amortization of $5,899 <F5>Included in Net Loss: Equity in losses of Local
Limited Partnerships of $449,932</FN>
</TABLE>