<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 13,326,655 <SECURITIES> 0 <RECEIVABLES> 90,411 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 13,427,733 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 13,427,733 <SALES> 2,852,753 <TOTAL-REVENUES> 11,827,550 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,688,445 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 601,350 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 8,537,755 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,537,755 <EPS-PRIMARY> 0 <EPS-DILUTED> 0