<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 4,802,132 <SECURITIES> 0 <RECEIVABLES> 3,358,857 <ALLOWANCES> (346,454) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 277,272,369 <DEPRECIATION> (140,821,839) <TOTAL-ASSETS> 167,947,935 <CURRENT-LIABILITIES> 9,380,429 <BONDS> 180,752,790 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (22,185,284) <TOTAL-LIABILITY-AND-EQUITY> 167,947,935 <SALES> 0 <TOTAL-REVENUES> 24,158,092 <CGS> 0 <TOTAL-COSTS> 23,805,886 <OTHER-EXPENSES> (13,403) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,945,142 <INCOME-PRETAX> (3,579,533) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,579,533) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,704,337) <EPS-PRIMARY> (11.28) <EPS-DILUTED> (11.28)