<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,817,585 <SECURITIES> 0 <RECEIVABLES> 229,435 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 33,241,437 <DEPRECIATION> (16,177,771) <TOTAL-ASSETS> 23,063,962 <CURRENT-LIABILITIES> 0 <BONDS> 22,264,579 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (5,899,582) <TOTAL-LIABILITY-AND-EQUITY> 23,003,962 <SALES> 6,478,023 <TOTAL-REVENUES> 6,633,539 <CGS> 3,285,208 <TOTAL-COSTS> 4,801,963 <OTHER-EXPENSES> 828,623 <LOSS-PROVISION> 330,000 <INTEREST-EXPENSE> 2,151,557 <INCOME-PRETAX> (1,478,604) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,478,604) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,478,604) <EPS-PRIMARY> 0 <EPS-DILUTED> 0