<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> OCT-31-1996 <PERIOD-START> NOV-01-1995 <PERIOD-END> JUL-31-1996 <CASH> 790,806 <SECURITIES> 0 <RECEIVABLES> 143,219 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 6,535,765 <DEPRECIATION> 517,941 <TOTAL-ASSETS> 7,011,607 <CURRENT-LIABILITIES> 0 <BONDS> 5,782,788 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 7,011,607 <SALES> 0 <TOTAL-REVENUES> 897,325 <CGS> 0 <TOTAL-COSTS> 858,941 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 413,867 <INCOME-PRETAX> 38,384 <INCOME-TAX> 0 <INCOME-CONTINUING> 38,384 <DISCONTINUED> 0 <EXTRAORDINARY> (15,284) <CHANGES> 0 <NET-INCOME> 23,100 <EPS-PRIMARY> 0 <EPS-DILUTED> 0