<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 423,757 <SECURITIES> 0 <RECEIVABLES> 170,909 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 594,666 <PP&E> 14,281,412 <DEPRECIATION> 1,938,226 <TOTAL-ASSETS> 13,157,422 <CURRENT-LIABILITIES> 48,187 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 13,157,422 <SALES> 0 <TOTAL-REVENUES> 475,929 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 375,931 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 179,817 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (79,819) <EPS-PRIMARY> 0 <EPS-DILUTED> 0