<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> JUN-30-1997 <CASH> 99,104 <SECURITIES> 0 <RECEIVABLES> 250,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 349,104 <PP&E> 6,639,531 <DEPRECIATION> 818,189 <TOTAL-ASSETS> 6,170,446 <CURRENT-LIABILITIES> 222,213 <BONDS> 4,107,957 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 623,761 <OTHER-SE> 333,766 <TOTAL-LIABILITY-AND-EQUITY> 6,170,446 <SALES> 0 <TOTAL-REVENUES> 770,167 <CGS> 0 <TOTAL-COSTS> 260,243 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 249,619 <INCOME-PRETAX> 261,712 <INCOME-TAX> 31,803 <INCOME-CONTINUING> 229,909 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 229,909 <EPS-PRIMARY> .04 <EPS-DILUTED> 0