<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> 426,979 <SECURITIES> 0 <RECEIVABLES> 1,070,581 <ALLOWANCES> (74,176) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 117,434,221 <DEPRECIATION> (57,090,363) <TOTAL-ASSETS> 87,556,346 <CURRENT-LIABILITIES> 3,215,975 <BONDS> 77,425,047 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,915,324 <TOTAL-LIABILITY-AND-EQUITY> 87,556,346 <SALES> 0 <TOTAL-REVENUES> 40,442,268 <CGS> 0 <TOTAL-COSTS> 43,701,941 <OTHER-EXPENSES> 1,651,677 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,561,560 <INCOME-PRETAX> (9,472,910) <INCOME-TAX> 0 <INCOME-CONTINUING> (9,472,910) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,472,910) <EPS-PRIMARY> (58.61) <EPS-DILUTED> (58.61)