<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,566,284 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 21,605,442 <DEPRECIATION> 11,202,145 <TOTAL-ASSETS> 12,510,153 <CURRENT-LIABILITIES> 593,848 <BONDS> 9,810,519 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,105,786 <TOTAL-LIABILITY-AND-EQUITY> 12,510,153 <SALES> 848,852 <TOTAL-REVENUES> 860,477 <CGS> 0 <TOTAL-COSTS> 346,966 <OTHER-EXPENSES> 233,500 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 208,684 <INCOME-PRETAX> 71,327 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 71,327 <EPS-PRIMARY> 0.69 <EPS-DILUTED> 0.69