<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 648,379 <SECURITIES> 0 <RECEIVABLES> 944,373 <ALLOWANCES> (118,967) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 85,658,550 <DEPRECIATION> (37,569,000) <TOTAL-ASSETS> 118,867,757 <CURRENT-LIABILITIES> 3,816,758 <BONDS> 57,376,558 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 57,674,441 <TOTAL-LIABILITY-AND-EQUITY> 118,867,757 <SALES> 0 <TOTAL-REVENUES> 32,084,279 <CGS> 0 <TOTAL-COSTS> 37,761,450 <OTHER-EXPENSES> 1,438,126 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,663,960 <INCOME-PRETAX> (7,903,005) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,903,005) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,903,005) <EPS-PRIMARY> (29.94) <EPS-DILUTED> (29.94)