<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<CASH> 126,884
<SECURITIES> 1,257,485
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 15,343,694<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 13,778,356
<TOTAL-LIABILITY-AND-EQUITY> 15,343,694<F2>
<SALES> 000
<TOTAL-REVENUES> 127,158<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 216,802<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (869,143)<F5>
<EPS-BASIC> (25.02)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships,
net of $12,203,838, Other investments of $1,738,681 and
Other assets of $16,806
<F2>Included in Total Liabilities and Equity: Accounts payable to affiliates
of $1,544,411 and Accounts payable and accrued expenses of $20,927
<F3>Included in Total Revenues: Investment of $38,012, Accretion of Original
Issue Discount of $66,174 and Other of $22,972
<F4>Included in Other Expenses: Asset Management fees of $82,502, General and
administrative of $114,222, Provision for valuation of investments in
Local Limited Partnerships of $9,776 and Amortization of $10,302
<F5>Included in Net Loss: Equity in losses of Local Limited Partnerships
of $779,499
</FN>
</TABLE>