<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 151,708
<SECURITIES> 1,613,068
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 21,857,273<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
000
000
<COMMON> 000
<OTHER-SE> 21,183,046
<TOTAL-LIABILITY-AND-EQUITY> 21,857,273<F2>
<SALES> 000
<TOTAL-REVENUES> 50,410<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 201,981<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (1,103,552)<F5>
<EPS-BASIC> (29.93)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships, net of
$20,062,441 and Other assets of $30,056
<F2>Included in Total Liability and Equity: Accounts payable to affiliate of
$639,121 and Accrued expenses of $35,106
<F3>Inclued in Total Revenue: Investment of $49,430 and Other of $980
<F4>Included in Other expenses: Asset management fees, related party of
$105,358, General and administrative of $81,652 and
Amortization of $14,972
<F5>Included in Net Loss: Equity in losses of Local Limited Partnerships of
$951,980
</FN>
</TABLE>