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AMERICA FIRST PREP FUND 2 ANNOUNCES FIRST QUARTER EARNINGS

 OMAHA, Neb., May 13 /PRNewswire/ -- America First PREP Fund 2 Limited Partnership (AMEX: PF) reported earnings of $297,754 or $.1732 per Beneficial Unit Certificate (BUC) for the quarter ended March 31, 1993. The Partnership's earnings were $341,565 or $.1993 per BUC for the quarter ended March 31, 1992. Book value of the Partnership was $13.78 per BUC at March 31, 1993.
 The Partnership's income consisted primarily of interest on the mortgage-backed securities. The Partnership is paying monthly cash distributions to Beneficial Unit Certificate Holders at an annualized rate of $1.62 per BUC.
 -0- 5/13/93
 /CONTACT: Maurice Cox, Jr. of America First, 402-444-1630/
 (PF)


CO: America First PREP Fund 2 Limited Partnership ST: Nebraska IN: FIN SU: ERN

BB -- DV003 -- 8076 05/13/93 11:51 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:132
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