<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,199,360 <SECURITIES> 0 <RECEIVABLES> 33,736 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 48,306,996 <DEPRECIATION> (24,021,290) <TOTAL-ASSETS> 30,176,809 <CURRENT-LIABILITIES> 0 <BONDS> 23,057,324 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 30,176,809 <SALES> 7,966,118 <TOTAL-REVENUES> 8,063,341 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,087,524 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,110,229 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (134,412) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (134,412) <EPS-PRIMARY> 0 <EPS-DILUTED> 0