<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 9,598,086 <SECURITIES> 0 <RECEIVABLES> 5,045,547 <ALLOWANCES> 426,290 <INVENTORY> 1,084,831 <CURRENT-ASSETS> 16,134,598 <PP&E> 32,048,170 <DEPRECIATION> 16,520,343 <TOTAL-ASSETS> 77,005,040 <CURRENT-LIABILITIES> 7,855,248 <BONDS> 48,358,276 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 52,527 <OTHER-SE> 18,350,100 <TOTAL-LIABILITY-AND-EQUITY> 77,005,040 <SALES> 7,408,570 <TOTAL-REVENUES> 7,408,570 <CGS> 0 <TOTAL-COSTS> 7,857,097 <OTHER-EXPENSES> (1,718,391) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,413,520 <INCOME-PRETAX> (143,656) <INCOME-TAX> 93,205 <INCOME-CONTINUING> (236,861) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (236,861) <EPS-PRIMARY> (0.04) <EPS-DILUTED> 0