BALANCE SHEETS (USD $)	Jun. 29, 2012	Mar. 30, 2012
Cash and cash equivalents	$ 380,637	$ 405,951
Investment in Pemberwick Fund, a short duration bond fund	804,722	801,449
Total cash and liquid investments	1,185,359	1,207,400
Investment in local partnerships	2,361,329	2,267,000
Total assets	3,546,688	3,474,400
Accounts payable and accrued expenses	7,830	26,325
Payable to manager and affiliates	938,953	895,347
Total liabilities	946,783	921,672
Commitments and contingencies
Manager	(137,906)	(138,370)
Beneficial owners (18,654 units of beneficial ownership interest outstanding)	2,735,473	2,689,570
Accumulated other comprehensive income	2,338	1,528
Total equity (deficit)	2,599,905	2,552,728
Total liabilities & equity (deficit)	$ 3,546,688	$ 3,474,400