<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY IV 03/31/96 FDS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 62,008 <SECURITIES> 4,781 <RECEIVABLES> 227,989 <ALLOWANCES> 39,795 <INVENTORY> 0 <CURRENT-ASSETS> 254,983 <PP&E> 7,250,108 <DEPRECIATION> 5,554,559 <TOTAL-ASSETS> 1,950,532 <CURRENT-LIABILITIES> 361,221 <BONDS> 1,242,595 <COMMON> 12,149,459 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,802,743) <TOTAL-LIABILITY-AND-EQUITY> 1,950,532 <SALES> 457,136 <TOTAL-REVENUES> 459,725 <CGS> 0 <TOTAL-COSTS> 28,021 <OTHER-EXPENSES> 439,785 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 23,349 <INCOME-PRETAX> (31,430) <INCOME-TAX> 0 <INCOME-CONTINUING> (31,430) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (31,430) <EPS-PRIMARY> (1.18) <EPS-DILUTED> 0