<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,810,747 <SECURITIES> 182,669 <RECEIVABLES> 932,863 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,926,279 <PP&E> 16,695,334 <DEPRECIATION> 8,554,304 <TOTAL-ASSETS> 12,067,309 <CURRENT-LIABILITIES> 279,222 <BONDS> 4,195,603 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,592,484 <TOTAL-LIABILITY-AND-EQUITY> 12,067,309 <SALES> 0 <TOTAL-REVENUES> 706,806 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 382,999 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 87,403 <INCOME-PRETAX> 236,404 <INCOME-TAX> 0 <INCOME-CONTINUING> 236,404 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 236,404 <EPS-PRIMARY> 0 <EPS-DILUTED> 0