<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 771,309 <SECURITIES> 0 <RECEIVABLES> 351,275 <ALLOWANCES> (123,823) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 86,421,520 <DEPRECIATION> (44,523,417) <TOTAL-ASSETS> 56,053,938 <CURRENT-LIABILITIES> 2,326,701 <BONDS> 83,284,060 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (29,556,824) <TOTAL-LIABILITY-AND-EQUITY> 56,053,938 <SALES> 0 <TOTAL-REVENUES> 39,787,908 <CGS> 0 <TOTAL-COSTS> 38,557,651 <OTHER-EXPENSES> (63,369) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,261,104 <INCOME-PRETAX> (4,967,478) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,967,478) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,967,478) <EPS-PRIMARY> (23.07) <EPS-DILUTED> (23.07)