EXHIBIT 12
                               ----------
                   RATIO OF EARNINGS TO FIXED CHARGES
                   ----------------------------------

    The following table sets forth the ratio of earnings to fixed
charges for the periods indicated:


    1992       1993      1994      1995      1996
    ----       ----      ----      ----      ----
    28.5       23.6      17.0      8.1       4.9

    To date, the Trust has not issued any preferred shares; therefore,
the ratio of earnings to combined fixed charges and preferred share
dividends are unchanged from the ratios presented in this section.  For
purposes of computing these ratios, earnings have been calculated by
adding fixed charges (excluding capitalized interest) to income (loss)
before income taxes and extraordinary items.  Fixed charges consist of
interest costs, whether expensed or capitalized, the interest component
of rental expense, if any, and amortization of debt discounts and issue
costs, whether expensed or capitalized.