<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,222,731 <SECURITIES> 372,525 <RECEIVABLES> 1,382,764 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,978,020 <PP&E> 20,046,736 <DEPRECIATION> 10,496,496 <TOTAL-ASSETS> 15,528,260 <CURRENT-LIABILITIES> 366,715 <BONDS> 4,439,186 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 10,722,359 <TOTAL-LIABILITY-AND-EQUITY> 15,528,260 <SALES> 0 <TOTAL-REVENUES> 773,913 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 471,049 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 104,583 <INCOME-PRETAX> 198,281 <INCOME-TAX> 0 <INCOME-CONTINUING> 198,281 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 198,281 <EPS-PRIMARY> 0 <EPS-DILUTED> 0