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AMERICA FIRST PREP FUND 2 ANNOUNCES THIRD QUARTER EARNINGS

 OMAHA, Neb., Nov. 16 /PRNewswire/ -- America First PREP Fund 2 Limited Partnership (AMEX: PF) reported earnings of $795,943 or $.4605 per Beneficial Unit Certificate (BUC) for the nine months ended Sept. 30, 1993 ($220,681 or $.1270 per BUC for the quarter ended Sept. 30, 1993). The Partnership's earnings were $1,002,000 or $.5851 per BUC for the nine months ended Sept. 30, 1992 ($325,641 or $.1902 for the quarter ended Sept. 30, 1992). Book value of the Partnership was $13.27 per BUC at Sept. 30, 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 $1.58 per BUC.
 -0- 11/16/93
 /CONTACT: Maurice Cox Jr. of America First, 402-444-1630/
 (PF)


CO: America First Companies ST: Nebraska IN: FIN SU: ERN

LW-LS -- LA049 -- 5187 11/16/93 17:58 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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