<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> MAR-31-1995 <CASH> 787,000 <SECURITIES> 4,635,000 <RECEIVABLES> 103,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,525,000 <PP&E> 20,374,000 <DEPRECIATION> (8,641,000) <TOTAL-ASSETS> 17,258,000 <CURRENT-LIABILITIES> 531,000 <BONDS> 27,908,000 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,181,000) <TOTAL-LIABILITY-AND-EQUITY> 17,258,000 <SALES> 0 <TOTAL-REVENUES> 1,818,000 <CGS> 0 <TOTAL-COSTS> 730,000 <OTHER-EXPENSES> 41,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 757,000 <INCOME-PRETAX> 290,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 290,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 290,000 <EPS-PRIMARY> 7.18 <EPS-DILUTED> 0