<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,362,812 <SECURITIES> 0 <RECEIVABLES> 188,831 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 52,650,334 <DEPRECIATION> (22,398,841) <TOTAL-ASSETS> 33,180,985 <CURRENT-LIABILITIES> 0 <BONDS> 23,857,021 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 33,180,985 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,075,314 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,134,252 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (133,470) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (133,470) <EPS-PRIMARY> 0 <EPS-DILUTED> 0