<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<CASH> 307,807
<SECURITIES> 2,491,752
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 25,752,403<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
<COMMON> 000
000
000
<OTHER-SE> 25,545,828
<TOTAL-LIABILITY-AND-EQUITY> 25,752,403<F2>
<SALES> 000
<TOTAL-REVENUES> 236,880<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 540,107<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (3,048,493)<F5>
<EPS-BASIC> (59.26)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships of
$22,640,861, Restricted cash of $280,053 and Other assets of $31,930
<F2>Included in Total Liabilities and Equity: Accounts payable to affiliates of
$170,084 and Accounts payable and accrued expenses of $36,491 <F3>Included in
Total Revenue: Investment of $166,318 and Other of $70,562 <F4>Included in Other
Expenses: Asset Management Fees of $297,164, General and administrative of
$210,759 and Amortization of $32,184 <F5>Included in Net Loss: Equity in losses
of Local Limited Partnerships of $2,745,266
</FN>
</TABLE>