<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,046,068 <SECURITIES> 0 <RECEIVABLES> 947,544 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 27,109,122 <DEPRECIATION> 13,796,374 <TOTAL-ASSETS> 34,979,648 <CURRENT-LIABILITIES> 33,786,358 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 1,193,290 <TOTAL-LIABILITY-AND-EQUITY> 34,979,648 <SALES> 3,572,000 <TOTAL-REVENUES> 3,572,000 <CGS> 0 <TOTAL-COSTS> 2,851,078 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 620,964 <INCOME-PRETAX> 101,291 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 101,291 <EPS-PRIMARY> 0 <EPS-DILUTED> 0