<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 3,095,386 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 90,856,347 <DEPRECIATION> (49,177,539) <TOTAL-ASSETS> 49,550,419 <CURRENT-LIABILITIES> 0 <BONDS> 51,201,391 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 49,550,419 <SALES> 4,873,033 <TOTAL-REVENUES> 4,908,407 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,866,277 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,210,799 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (168,669) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (168,669) <EPS-PRIMARY> 0 <EPS-DILUTED> 0