<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-2000 <CASH> 230,309 <SECURITIES> 1,777,416 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 244,547 <PP&E> 31,044,429 <DEPRECIATION> 9,948,713 <TOTAL-ASSETS> 23,131,110 <CURRENT-LIABILITIES> 2,456,835 <BONDS> 0 <COMMON> 415,303 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 16,135,511 <TOTAL-LIABILITY-AND-EQUITY> 23,131,110 <SALES> 0 <TOTAL-REVENUES> 1,309,986 <CGS> 0 <TOTAL-COSTS> 589,927 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 122,138 <INCOME-PRETAX> 720,059 <INCOME-TAX> 266,421 <INCOME-CONTINUING> 453,638 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 453,638 <EPS-BASIC> 1.09 <EPS-DILUTED> 1.09