<ARTICLE> 5 <PERIOD-TYPE> 12-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1995 <PERIOD-END> DEC-31-1994 MAR-31-1995 <CASH> 1,045,158 1,808,273 <SECURITIES> 0 0 <RECEIVABLES> 394,285 435,239 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 51,070,722 51,309,609 <DEPRECIATION> (19,674,640) (20,196,067) <TOTAL-ASSETS> 35,214,866 36,054,496 <CURRENT-LIABILITIES> 0 0 <BONDS> 27,161,556 28,181,240 <COMMON> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 6,152,173 5,937,529 <TOTAL-LIABILITY-AND-EQUITY> 35,214,866 36,054,496 <SALES> 8,899,488 2,276,099 <TOTAL-REVENUES> 8,988,225 2,301,252 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 6,568,725 1,700,098 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 2,720,260 668,013 <INCOME-PRETAX> (300,760) (66,859) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (300,760) (66,859) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (300,760) (66,859) <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0