<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the financial statements for the quarter ended March 31, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 4,792,066 <SECURITIES> 4,318,582 <RECEIVABLES> 481,867<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 137,761 <PP&E> 46,250,879 <DEPRECIATION> (17,840,903) <TOTAL-ASSETS> 38,140,252 <CURRENT-LIABILITIES> 1,396,471 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 36,743,781<F2> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 38,140,252 <SALES> 0 <TOTAL-REVENUES> 1,604,329<F3> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,327,209<F4> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 277,120<F5> <EPS-PRIMARY> 0<F5> <EPS-DILUTED> 0<F5> <FN> <F1> Includes all receivables included in "other assets" on the balance sheet. <F2> Represents total deficit of the General Partners (167,488) and equity of the Limited Partners $36,911,269. <F3> Includes all revenue of the Partnership. <F4>Includes operating expenses $524,601, real estate taxes of $304,458 and depreciation expense of$498,150. <F5>Net income allocated $5,542 to the General Partners and $271,578 to the Limited Partners for the three months ended March, 31, 1997. Average net income is $.07 per unit 4,000,000 units outstanding. </FN>