10-K/A

                        	SECURITIES AND EXCHANGE COMMISSION

                             	Washington, D.C.  20549
                               	___________________

                                   	FORM 10-K/A


              	AMENDMENT TO GENERAL FORM FOR REGISTRATION OF SECURITIES
                         	Filed pursuant to Section 12(g)
                       	THE SECURITIES EXCHANGE ACT OF 1934


                         	ASSOCIATED PLANNERS REALTY FUND
              	(Exact name of registrant as specified in its charter)

                               	AMENDMENT NO. 1

                              	File No. 0-16805
The undersigned Registrant hereby amends the following items, financial
statements, exhibits or other portions of its General Form for Registration
of Securities on Form 10-K as set forth in the pages attached hereto:

                    FINANCIAL DATA SCHEDULE - EXHIBIT 27

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to be signed on its behalf by the
undersigned thereunto duly authorized.


                         Associated Planners Realty Fund          
                             					(Registrant)

Date:	May 29, 1996            


By:	  West Coast Realty Advisors, Inc. (Advisor)                       

			By:                                                                         
			        Michael G. Clark, Vice President/Treasurer

EX-27

 

<ARTICLE> 5
<CIK> 0000785791
<NAME> ASSOCIATED PLANNERS REALTY FUND
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                         103,300
<SECURITIES>                                         0
<RECEIVABLES>                                   20,876
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               167,389
<PP&E>                                       6,813,502
<DEPRECIATION>                               (969,821)
<TOTAL-ASSETS>                               6,011,070
<CURRENT-LIABILITIES>                           73,884
<BONDS>                                      1,225,950
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   4,478,268
<TOTAL-LIABILITY-AND-EQUITY>                 6,011,070
<SALES>                                        618,130
<TOTAL-REVENUES>                               755,788
<CGS>                                          478,914
<TOTAL-COSTS>                                  478,914
<OTHER-EXPENSES>                                     0
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<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                276,874
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   276,874
<EPS-PRIMARY>                                    33.23
<EPS-DILUTED>                                    33.23