<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 3,782,989 <SECURITIES> 0 <RECEIVABLES> 860,247 <ALLOWANCES> 79,128 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 78,503,036 <DEPRECIATION> (37,429,022) <TOTAL-ASSETS> 58,543,185 <CURRENT-LIABILITIES> 1,214,424 <BONDS> 39,959,041 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 17,369,720 <TOTAL-LIABILITY-AND-EQUITY> 58,543,185 <SALES> 0 <TOTAL-REVENUES> 26,956,006 <CGS> 0 <TOTAL-COSTS> 26,706,448 <OTHER-EXPENSES> 1,062,290 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,555,513 <INCOME-PRETAX> (3,368,245) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,368,245) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,368,245) <EPS-PRIMARY> (30.03) <EPS-DILUTED> (30.03)