<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 170,425
<SECURITIES> 1,539,683
<RECEIVABLES> 000
<ALLOWANCES> 000
<INVENTORY> 000
<CURRENT-ASSETS> 000
<PP&E> 000
<DEPRECIATION> 000
<TOTAL-ASSETS> 22,315,936<F1>
<CURRENT-LIABILITIES> 000
<BONDS> 000
000
000
<COMMON> 000
<OTHER-SE> 21,725,296
<TOTAL-LIABILITY-AND-EQUITY> 22,315,936<F2>
<SALES> 000
<TOTAL-REVENUES> 24,553<F3>
<CGS> 000
<TOTAL-COSTS> 000
<OTHER-EXPENSES> 101,962<F4>
<LOSS-PROVISION> 000
<INTEREST-EXPENSE> 000
<INCOME-PRETAX> 000
<INCOME-TAX> 000
<INCOME-CONTINUING> 000
<DISCONTINUED> 000
<EXTRAORDINARY> 000
<CHANGES> 000
<NET-INCOME> (552,073)<F5>
<EPS-BASIC> (14.98)
<EPS-DILUTED> 000
<FN>
<F1>Included in Total Assets: Investments in Local Limited Partnerships, net of
$20,587,243 and Other assets of $18,585 <F2>Included in Total Liability and
Equity: Accounts payable to affiliate of $559,074 and Accrued expenses of
$31,566 <F3>Inclued in Total Revenue: Investment of $23,768 and Other of $785
<F4>Included in Other expenses: Asset management fees, related party of $52,679,
General and administrative of $41,797 and Amortization of $7,486 <F5>Included in
Net Loss: Equity in losses of Local Limited Partnerships of $474,664 </FN>
</TABLE>