<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-1-1996 <PERIOD-END> MAR-31-1996 <CASH> 8,284,835 <SECURITIES> 0 <RECEIVABLES> 15,982,124 <ALLOWANCES> (550,369) <INVENTORY> 18,977,744 <CURRENT-ASSETS> 44,358,641 <PP&E> 615,800,004 <DEPRECIATION> (201,328,069) <TOTAL-ASSETS> 482,214,892 <CURRENT-LIABILITIES> 36,988,889 <BONDS> 305,725,845 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 102,769,951 <TOTAL-LIABILITY-AND-EQUITY> 482,214,892 <SALES> $35,097,712 <TOTAL-REVENUES> $35,097,712 <CGS> 0 <TOTAL-COSTS> 24,291,048 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,367,906 <INCOME-PRETAX> 3,626,466 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,626,466 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,626,466 <EPS-PRIMARY> 0 <EPS-DILUTED> 0