<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE
SHEETS, STATEMENTS OF INCOME, AND STATEMENTS OF CASH FLOW AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                             200
<SECURITIES>                                       788
<RECEIVABLES>                                      389
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          36,161
<DEPRECIATION>                                   6,788
<TOTAL-ASSETS>                                  31,193
<CURRENT-LIABILITIES>                                0
<BONDS>                                         19,673
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         6,249
<OTHER-SE>                                       2,982
<TOTAL-LIABILITY-AND-EQUITY>                    31,193
<SALES>                                          2,034
<TOTAL-REVENUES>                                 2,083
<CGS>                                                0
<TOTAL-COSTS>                                    1,272
<OTHER-EXPENSES>                                   132
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 467
<INCOME-PRETAX>                                    212
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                212
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       212
<EPS-PRIMARY>                                      .15
<EPS-DILUTED>                                      .15