<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST QUARTER 10-QSB AND IS QUALIFIED IN ITS ENTIERTY BY REFERENCE TO SUCH 10-QSB. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 7,950,149 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 9,437,758 <CURRENT-LIABILITIES> 0 <BONDS> 29,998,689 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (20,636,541) <TOTAL-LIABILITY-AND-EQUITY> 9,437,758 <SALES> 0 <TOTAL-REVENUES> 759,793 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 151,692 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 275,065 <INCOME-PRETAX> 333,036 <INCOME-TAX> 0 <INCOME-CONTINUING> 333,036 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 333,036 <EPS-BASIC> 6.46 <EPS-DILUTED> 6.46