<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 10,321 <SECURITIES> 8,125 <RECEIVABLES> 37,014 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 55,460 <PP&E> 567,925 <DEPRECIATION> (256,654) <TOTAL-ASSETS> 462,030 <CURRENT-LIABILITIES> 13,474 <BONDS> 0 <COMMON> 57,914 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 473,288 <TOTAL-LIABILITY-AND-EQUITY> 462,030 <SALES> 47,485 <TOTAL-REVENUES> 48,473 <CGS> 0 <TOTAL-COSTS> 40,444 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 223 <INCOME-PRETAX> 8,029 <INCOME-TAX> 0 <INCOME-CONTINUING> 8,029 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,029 <EPS-PRIMARY> .02 <EPS-DILUTED> .02