<ARTICLE> 5 <PERIOD-TYPE> 6-mos <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-END> Jun-30-1997 <CASH> 1,805,885 <SECURITIES> 000 <RECEIVABLES> 000 <ALLOWANCES> 000 <INVENTORY> 000 <CURRENT-ASSETS> 000 <PP&E> 21,605,442 <DEPRECIATION> 10,662,887 <TOTAL-ASSETS> 12,879,766 <CURRENT-LIABILITIES> 428,348 <BONDS> 9,887,842 <COMMON> 000 <PREFERRED-MANDATORY> 000 <PREFERRED> 000 <OTHER-SE> 2,563,576 <TOTAL-LIABILITY-AND-EQUITY> 12,879,766 <SALES> 1,577,737 <TOTAL-REVENUES> 1,635,710 <CGS> 000 <TOTAL-COSTS> 708,858 <OTHER-EXPENSES> 480,171 <LOSS-PROVISION> 000 <INTEREST-EXPENSE> 421,610 <INCOME-PRETAX> 000 <INCOME-TAX> 000 <INCOME-CONTINUING> 000 <DISCONTINUED> 000 <EXTRAORDINARY> 000 <CHANGES> 000 <NET-INCOME> 25,071 <EPS-PRIMARY> (.09) <EPS-DILUTED> (.09)