<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> OCT-31-1994 <PERIOD-END> JUL-31-1995 <CASH> 893,793 <SECURITIES> 395,379 <RECEIVABLES> 8,206 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,097,956 <PP&E> 57,915,465 <DEPRECIATION> 24,222,755 <TOTAL-ASSETS> 38,282,097 <CURRENT-LIABILITIES> 1,541,103 <BONDS> 31,197,562 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 5,543,432 <TOTAL-LIABILITY-AND-EQUITY> 38,282,097 <SALES> 0 <TOTAL-REVENUES> 8,171,340 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,329,754 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,142,533 <INCOME-PRETAX> (171,871) <INCOME-TAX> 0 <INCOME-CONTINUING> (171,871) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (171,871) <EPS-PRIMARY> (4.02) <EPS-DILUTED> 0