<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> JUN-30-2000
<CASH> 244,799
<SECURITIES> 1,081,198
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 15,782,772<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 14,284,049
<TOTAL-LIABILITY-AND-EQUITY> 15,782,772<F2>
<SALES> 000
<TOTAL-REVENUES> 53,140<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 105,740<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (356,304)<F5>
<EPS-BASIC> (10.40)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$12,737,433, Other investments of $1,705,094 and Other assets of $14,248
<F2>Included in Total Liabilities and Equity: Accounts payable to affiliates of
$1,475,282 and Accounts payable and accrued expenses of $23,441 <F3>Included in
Total Revenues: Investment of $18,097, Accretion of Original Issue Discount of
$32,587 and Other of $2,456 <F4>Included in Other Expenses: Asset Management
fees of $41,251, General and administrative of $59,338 and Amortization of
$5,151 <F5>Included in Net Loss: Equity in losses of Local Limited Partnerships
of $303,704 </FN>
</TABLE>