<ARTICLE>                  5

                                                  
<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
<CURRENT-LIABILITIES>                                000
<BONDS>                                              000
<PREFERRED-MANDATORY>                                000
<PREFERRED>                                          000
<COMMON>                                             000
<OTHER-SE>                                           21,725,296
<TOTAL-LIABILITY-AND-EQUITY>                         22,315,936
<SALES>                                              000
<TOTAL-REVENUES>                                     24,553
<CGS>                                                000
<TOTAL-COSTS>                                        000
<OTHER-EXPENSES>                                     101,962
<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)
<EPS-BASIC>                                        (14.98)
<EPS-DILUTED>                                        000

<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