<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,709,097 <SECURITIES> 0 <RECEIVABLES> 327,957 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 32,849,353 <DEPRECIATION> (15,027,239) <TOTAL-ASSETS> 23,723,357 <CURRENT-LIABILITIES> 0 <BONDS> 22,453,940 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (4,712,617) <TOTAL-LIABILITY-AND-EQUITY> 23,723,357 <SALES> 1,607,301 <TOTAL-REVENUES> 1,625,802 <CGS> 822,807 <TOTAL-COSTS> 1,189,030 <OTHER-EXPENSES> 185,013 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 543,398 <INCOME-PRETAX> (291,639) <INCOME-TAX> 0 <INCOME-CONTINUING> (291,639) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (291,639) <EPS-PRIMARY> 0 <EPS-DILUTED> 0