<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 124,766 <SECURITIES> 0 <RECEIVABLES> 565,702 <ALLOWANCES> (91,156) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 47,080,064 <DEPRECIATION> (23,938,318) <TOTAL-ASSETS> 42,162,099 <CURRENT-LIABILITIES> 3,745,547 <BONDS> 50,093,792 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,677,240) <TOTAL-LIABILITY-AND-EQUITY> 42,162,099 <SALES> 0 <TOTAL-REVENUES> 19,713,788 <CGS> 0 <TOTAL-COSTS> 22,092,466 <OTHER-EXPENSES> (8,371) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,759,271 <INCOME-PRETAX> (4,021,003) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,021,003) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,021,003) <EPS-PRIMARY> (22.83) <EPS-DILUTED> (22.83)