<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 3,067,667 <SECURITIES> 0 <RECEIVABLES> 906,721 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 63,421,693 <DEPRECIATION> 19,410,825 <TOTAL-ASSETS> 48,366,331 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 44,953,166 <TOTAL-LIABILITY-AND-EQUITY> 8,366,331 <SALES> 0 <TOTAL-REVENUES> 9,856,258 <CGS> 0 <TOTAL-COSTS> 6,201,361 <OTHER-EXPENSES> 7,287,878 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (245,012) <EPS-PRIMARY> $(.03) <EPS-DILUTED> 0