<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,118,379 <SECURITIES> 0 <RECEIVABLES> 94,750 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 47,654,626 <DEPRECIATION> (22,129,044) <TOTAL-ASSETS> 31,395,272 <CURRENT-LIABILITIES> 0 <BONDS> 23,474,480 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 31,395,272 <SALES> 8,042,385 <TOTAL-REVENUES> 8,193,714 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,956,510 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,129,976 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 107,228 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 107,228 <EPS-PRIMARY> 0 <EPS-DILUTED> 0