<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 238,336 <SECURITIES> 0 <RECEIVABLES> 391,212 <ALLOWANCES> (117,431) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 69,703,415 <DEPRECIATION> (27,634,430) <TOTAL-ASSETS> 88,432,097 <CURRENT-LIABILITIES> 13,355,181 <BONDS> 70,289,283 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,787,633 <TOTAL-LIABILITY-AND-EQUITY> 88,432,097 <SALES> 0 <TOTAL-REVENUES> 8,115,730 <CGS> 0 <TOTAL-COSTS> 11,465,405 <OTHER-EXPENSES> 3,735 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,721,535 <INCOME-PRETAX> (5,074,945) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,074,945) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,074,945) <EPS-PRIMARY> (23.57) <EPS-DILUTED> (23.57)