<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the Balance Sheets and Statement of Operations and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1993 DEC-31-1993 <PERIOD-END> DEC-31-1993 SEP-30-1994 <CASH> 4,938,029 669,054 <SECURITIES> 0 0 <RECEIVABLES> 418,147 370,521 <ALLOWANCES> (36,410) (36,410) <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 96,194,009 96,790,842 <DEPRECIATION> (43,889,170) (45,689,814) <TOTAL-ASSETS> 72,830,100 66,537,478 <CURRENT-LIABILITIES> 0 0 <BONDS> 0 0 <COMMON> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> (21,594,865) (24,756,739) <TOTAL-LIABILITY-AND-EQUITY> 72,830,100 66,537,478 <SALES> 24,228,119 16,280,905 <TOTAL-REVENUES> 32,481,572 16,320,141 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 18,682,528 12,905,352 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 9,620,288 5,707,626 <INCOME-PRETAX> 4,178,756 (2,292,837) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 4,178,756 (2,292,837) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 4,178,756 (2,292,837) <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0