<ARTICLE> 5
<LEGEND>
This schedule contains summary information extracted from the Registrant Company
Balance Sheets (Unaudited) for September 30, 2000 and Statements of Operations
(Unaudited) for the Nine Months ended September 30, 2000 and is qualified in its
entirety by reference to such financial statements.

<CIK> 0000724332
<NAME> PHOENIX ASSOCIATES
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                      332
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   332
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                   4,104
<CURRENT-LIABILITIES>                            1,378
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   (102,839)
<TOTAL-LIABILITY-AND-EQUITY>                     4,104
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               8,157
<INCOME-PRETAX>                                (8,157)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (8,157)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (8,157)
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0