<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 77,545 <SECURITIES> 132,579 <RECEIVABLES> 73,565 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 151,768 <PP&E> 8,252,429 <DEPRECIATION> 1,110,089 <TOTAL-ASSETS> 7,559,870 <CURRENT-LIABILITIES> 3,740,934 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 7,559,870 <SALES> 0 <TOTAL-REVENUES> 317,463 <CGS> 0 <TOTAL-COSTS> 171,354 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 104,227 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 44,792 <EPS-PRIMARY> 0 <EPS-DILUTED> 0