<ARTICLE>                                                                5
<LEGEND>
This schedule contains summary financial information extracted
from the contained quarterly 10-Q and is qualified in its
entirety by reference to such Form 10-Q.
</LEGEND>
<MULTIPLIER>                                                             1
       
                                                          
<PERIOD-TYPE>                                                       3-MOS
<FISCAL-YEAR-END>                                              Jul-31-1997
<PERIOD-START>                                                 Aug-01-1996
<PERIOD-END>                                                   Apr-30-1997
<CASH>                                                             742,082
<SECURITIES>                                                     2,728,583
<RECEIVABLES>                                                      254,077
<ALLOWANCES>                                                             0
<INVENTORY>                                                              0
<CURRENT-ASSETS>                                                 4,542,340
<PP&E>                                                          48,707,816
<DEPRECIATION>                                                  20,435,929
<TOTAL-ASSETS>                                                  39,693,039
<CURRENT-LIABILITIES>                                            2,727,388
<BONDS>                                                                  0
<COMMON>                                                                 0
<PREFERRED-MANDATORY>                                                    0
<PREFERRED>                                                              0
<OTHER-SE>                                                      25,213,465
<TOTAL-LIABILITY-AND-EQUITY>                                    39,693,039
<SALES>                                                                  0
<TOTAL-REVENUES>                                                 7,343,860
<CGS>                                                                    0
<TOTAL-COSTS>                                                            0
<OTHER-EXPENSES>                                                 6,634,501
<LOSS-PROVISION>                                                         0
<INTEREST-EXPENSE>                                                 520,435
<INCOME-PRETAX>                                                    378,890
<INCOME-TAX>                                                       161,000
<INCOME-CONTINUING>                                                217,890
<DISCONTINUED>                                                           0
<EXTRAORDINARY>                                                          0
<CHANGES>                                                                0
<NET-INCOME>                                                       217,890
<EPS-PRIMARY>                                                          0.10
<EPS-DILUTED>                                                          0.00