<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE PARTNERSHIP'S STATEMENTS OF EARNINGS AND BALANCE SHEETS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 295,831 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 400,960 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 18,027,794 <CURRENT-LIABILITIES> 11,481 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 35,034,396 <TOTAL-LIABILITY-AND-EQUITY> 18,027,794 <SALES> 0 <TOTAL-REVENUES> 2,905 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 304,913 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 579,554 <INCOME-PRETAX> (856,934) <INCOME-TAX> 0 <INCOME-CONTINUING> (856,934) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (856,934) <EPS-PRIMARY> 0 <EPS-DILUTED> 0