<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 1,921,243 <SECURITIES> 2,081,479 <RECEIVABLES> 19,899,954 <ALLOWANCES> 154,637 <INVENTORY> 0 <CURRENT-ASSETS> 8,071,579 <PP&E> 23,709,886 <DEPRECIATION> 4,770,288 <TOTAL-ASSETS> 50,101,904 <CURRENT-LIABILITIES> 3,739,946 <BONDS> 32,545,093 <COMMON> 353,305 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 10,370,909 <TOTAL-LIABILITY-AND-EQUITY> 50,101,904 <SALES> 0 <TOTAL-REVENUES> 5,938,391 <CGS> 0 <TOTAL-COSTS> 2,731,675 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,334,645 <INCOME-PRETAX> 903,257 <INCOME-TAX> 0 <INCOME-CONTINUING> 903,257 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 903,257 <EPS-PRIMARY> .26 <EPS-DILUTED> .26