<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SECOND QUARTER 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-QSB. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 12,726,539 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 18,492,845 <CURRENT-LIABILITIES> 0 <BONDS> 49,154,559 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (30,782,213) <TOTAL-LIABILITY-AND-EQUITY> 18,492,845 <SALES> 0 <TOTAL-REVENUES> 4,730,422 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 346,170 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,927,906 <INCOME-PRETAX> 2,456,346 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,456,346 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,456,346 <EPS-PRIMARY> 47.65 <EPS-DILUTED> 47.65