<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> MAR-31-1995 <CASH> 711,000 <SECURITIES> 7,056,000 <RECEIVABLES> 64,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,831,000 <PP&E> 19,399,000 <DEPRECIATION> (7,753,00) <TOTAL-ASSETS> 19,477,000 <CURRENT-LIABILITIES> 415,000 <BONDS> 23,487,000 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (4,425,000) <TOTAL-LIABILITY-AND-EQUITY> 19,477,000 <SALES> 0 <TOTAL-REVENUES> 1,606,000 <CGS> 0 <TOTAL-COSTS> 640,000 <OTHER-EXPENSES> 39,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 653,000 <INCOME-PRETAX> 274,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 274,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 274,000 <EPS-PRIMARY> 6.16 <EPS-DILUTED> 0