<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,251,084 <SECURITIES> 0 <RECEIVABLES> 1,033,096 <ALLOWANCES> (121,092) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 99,538,670 <DEPRECIATION> (50,307,640) <TOTAL-ASSETS> 103,618,320 <CURRENT-LIABILITIES> 3,143,041 <BONDS> 56,425,919 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 44,049,360 <TOTAL-LIABILITY-AND-EQUITY> 103,618,320 <SALES> 0 <TOTAL-REVENUES> 10,065,778 <CGS> 0 <TOTAL-COSTS> 10,290,142 <OTHER-EXPENSES> (50,717) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 953,184 <INCOME-PRETAX> (965,699) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (965,699) <EPS-PRIMARY> (3.66) <EPS-DILUTED> (3.66)