<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 1473364 <SECURITIES> 762263 <RECEIVABLES> 41977 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2277604 <PP&E> 16435899 <DEPRECIATION> 0 <TOTAL-ASSETS> 18933241 <CURRENT-LIABILITIES> 160963 <BONDS> 457768 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 18314510 <TOTAL-LIABILITY-AND-EQUITY> 18933241 <SALES> 840764 <TOTAL-REVENUES> 896031 <CGS> 162683 <TOTAL-COSTS> 162683 <OTHER-EXPENSES> 223933 <LOSS-PROVISION> 175000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 334415 <INCOME-TAX> 0 <INCOME-CONTINUING> 334415 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 334415 <EPS-PRIMARY> 11.04 <EPS-DILUTED> 11.04