<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <CASH> 2,342,105 <SECURITIES> 0 <RECEIVABLES> 1,067,657 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 63,336,076 <DEPRECIATION> 18,991,307 <TOTAL-ASSETS> 48,275,826 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 44,909,049 <TOTAL-LIABILITY-AND-EQUITY> 48,275,826 <SALES> 0 <TOTAL-REVENUES> 9,856,258 <CGS> 0 <TOTAL-COSTS> 4,595,345 <OTHER-EXPENSES> 5,550,042 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (289,129) <EPS-PRIMARY> $(.04) <EPS-DILUTED> 0