<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,241,325 <SECURITIES> 0 <RECEIVABLES> 658,108 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 80,115,426 <DEPRECIATION> (50,453,466) <TOTAL-ASSETS> 40,585,683 <CURRENT-LIABILITIES> 0 <BONDS> 39,010,142 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 40,585,683 <SALES> 3,926,821 <TOTAL-REVENUES> 3,974,476 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,955,935 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 983,753 <INCOME-PRETAX> 34,788 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 34,788 <EPS-PRIMARY> 0 <EPS-DILUTED> 0