<ARTICLE> 5 <LEGEND> (THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM THE CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.) </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 551,076 <SECURITIES> 127,147 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,028,384 <PP&E> 10,593,478 <DEPRECIATION> (4,074,028) <TOTAL-ASSETS> 7,762,737 <CURRENT-LIABILITIES> 371,024 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,550,151 <TOTAL-LIABILITY-AND-EQUITY> 7,762,737 <SALES> 467,880 <TOTAL-REVENUES> 467,880 <CGS> 158,682 <TOTAL-COSTS> 222,247 <OTHER-EXPENSES> 5,491 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (119,578) <INCOME-PRETAX> (27,136) <INCOME-TAX> 0 <INCOME-CONTINUING> (27,136) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (27,136) <EPS-PRIMARY> .34 <EPS-DILUTED> .34