<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 702,060 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 36,093,046 <DEPRECIATION> 7,592,287 <TOTAL-ASSETS> 29,602,958 <CURRENT-LIABILITIES> 360,306 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 26,770,587 <TOTAL-LIABILITY-AND-EQUITY> 29,602,958 <SALES> 0 <TOTAL-REVENUES> 1,632,358 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 933,111 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 634,044 <INCOME-TAX> 0 <INCOME-CONTINUING> 634,044 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 634,044 <EPS-PRIMARY> 4.06 <EPS-DILUTED> 4.06