<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 529,057 <SECURITIES> 0 <RECEIVABLES> 1,208,074 <ALLOWANCES> (113,665) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 129,915,165 <DEPRECIATION> (70,475,905) <TOTAL-ASSETS> 81,151,483 <CURRENT-LIABILITIES> 4,328,715 <BONDS> 80,651,030 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (3,828,262) <TOTAL-LIABILITY-AND-EQUITY> 81,151,483 <SALES> 0 <TOTAL-REVENUES> 11,455,731 <CGS> 0 <TOTAL-COSTS> 11,974,458 <OTHER-EXPENSES> 5,814 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,460,881 <INCOME-PRETAX> (2,207,419) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,207,419) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,207,419) <EPS-PRIMARY> (13.66) <EPS-DILUTED> (13.66)