<ARTICLE> 5 <PERIOD-TYPE> 6-mos <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Jun-30-1996 <CASH> 1,891,029 <SECURITIES> 000 <RECEIVABLES> 000 <ALLOWANCES> 000 <INVENTORY> 000 <CURRENT-ASSETS> 000 <PP&E> 25,243,577 <DEPRECIATION> 11,796,283 <TOTAL-ASSETS> 15,543,673 <CURRENT-LIABILITIES> 487,309 <BONDS> 11,893,417 <COMMON> 000 <PREFERRED-MANDATORY> 000 <PREFERRED> 000 <OTHER-SE> 3,162,947 <TOTAL-LIABILITY-AND-EQUITY> 15,543,673 <SALES> 000 <TOTAL-REVENUES> 1,876,381 <CGS> 000 <TOTAL-COSTS> 880,696 <OTHER-EXPENSES> 555,576 <LOSS-PROVISION> 000 <INTEREST-EXPENSE> 504,606 <INCOME-PRETAX> (64,497) <INCOME-TAX> 000 <INCOME-CONTINUING> 000 <DISCONTINUED> 000 <EXTRAORDINARY> 000 <CHANGES> 000 <NET-INCOME> (64,497) <EPS-PRIMARY> (.82) <EPS-DILUTED> (.82)