<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<CASH> 275,443
<SECURITIES> 2,573,557
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 24,552,414<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
000
000
<COMMON> 000
<OTHER-SE> 24,268,168
<TOTAL-LIABILITY-AND-EQUITY> 24,552,414<F2>
<SALES> 000
<TOTAL-REVENUES> 100,552<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 314,896<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (1,295,366)<F5>
<EPS-BASIC> (25.18)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships,
net of $21,383,047, Restricted cash of $288,971 and Other assets of $31,396
<F2>Included in Total Liabilities and Equity: Accounts payable to affiliates of
$244,014 and Accounts payable and accrued expenses of $40,232
<F3>Included in Total revenue: Investment of $80,530 and Other of $20,022
<F4>Included in Other Expenses: Asset management fees of $150,998, General and
administrative of $112,256, Provision for valuation of investment in Local
Limited Partnership of $35,551 and Amortization of $16,091
<F5>Included in Net Loss: Equity in losses of Local Limited Partnerships of
$1,081,022
</FN>
</TABLE>