<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 3,045,785 <SECURITIES> 0 <RECEIVABLES> 40,018 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 51,618,852 <DEPRECIATION> (30,941,665) <TOTAL-ASSETS> 0 <CURRENT-LIABILITIES> 32,369,919 <BONDS> 38,616,649 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 32,369,919 <SALES> 15,187,999 <TOTAL-REVENUES> 15,536,941 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,012,475 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,779,747 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,744,719 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,744,719 <EPS-PRIMARY> 0 <EPS-DILUTED> 0