<ARTICLE> 5 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Nov-30-1996 <PERIOD-END> Feb-29-1996 <CASH> 1,201,286 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 27,982,248 <DEPRECIATION> 9,859,395 <TOTAL-ASSETS> 19,502,558 <CURRENT-LIABILITIES> 182,902 <BONDS> 8,533,410 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 10,453,652 <TOTAL-LIABILITY-AND-EQUITY> 19,502,558 <SALES> 0 <TOTAL-REVENUES> 936,619 <CGS> 0 <TOTAL-COSTS> 365,982 <OTHER-EXPENSES> 269,801 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 188,112 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 112,724 <EPS-PRIMARY> 1.27 <EPS-DILUTED> 1.27