<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 14,618 <SECURITIES> 0 <RECEIVABLES> 42,991 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 57,609 <PP&E> 5,847,010 <DEPRECIATION> 1,730,132 <TOTAL-ASSETS> 4,395,669 <CURRENT-LIABILITIES> 32,784 <BONDS> 3,242,229 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 61,947 <OTHER-SE> 1,058,709 <TOTAL-LIABILITY-AND-EQUITY> 4,395,669 <SALES> 36,742 <TOTAL-REVENUES> 36,742 <CGS> 0 <TOTAL-COSTS> 121,537 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 88,259 <INCOME-PRETAX> (245,794) <INCOME-TAX> 0 <INCOME-CONTINUING> (245,794) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (245,794) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)