<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<CASH> 216,088
<SECURITIES> 1,082,649
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 16,074,536<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 14,638,784
<TOTAL-LIABILITY-AND-EQUITY> 16,074,536<F2>
<SALES> 000
<TOTAL-REVENUES> 313,697<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 559,266<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (1,760,848)<F5>
<EPS-BASIC> (50.44)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$13,088,569, Other investments of $1,672,507 and Other assets of $14,723
<F2>Included in Total Liabilities and Equity: Accounts payable to affiliates of
$1,406,153 and Accounts payable and accrued expenses of $29,599 <F3>Included in
Total Revenue: Investment of $72,855, Accretion of Original Issue Discount of
$124,882 and Other of $115,960 <F4>Included in Other Expenses: Asset management
fees of $163,750, General and administrative of $216,657, Amortization of
$28,859 and Provision for valuation of investments in Local Limited Partnerships
of $150,000 <F5>Included in Net Loss: Equity in losses of Local Limited
Partnerships of $1,515,279 </FN>
</TABLE>