<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 633,311 <SECURITIES> 0 <RECEIVABLES> 406,733 <ALLOWANCES> (70,286) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 63,019,086 <DEPRECIATION> (30,174,207) <TOTAL-ASSETS> 49,268,770 <CURRENT-LIABILITIES> 1,427,132 <BONDS> 43,060,211 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,781,427 <TOTAL-LIABILITY-AND-EQUITY> 49,268,770 <SALES> 0 <TOTAL-REVENUES> 5,957,396 <CGS> 0 <TOTAL-COSTS> 6,182,777 <OTHER-EXPENSES> (4,318) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 797,403 <INCOME-PRETAX> (613,422) <INCOME-TAX> 0 <INCOME-CONTINUING> (613,422) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (613,422) <EPS-PRIMARY> (7.14) <EPS-DILUTED> (7.14)