<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRIST QUARTER 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-QSB. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 7,325,375 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 10,200,182 <CURRENT-LIABILITIES> 0 <BONDS> 39,284,164 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (29,167,117) <TOTAL-LIABILITY-AND-EQUITY> 10,200,182 <SALES> 0 <TOTAL-REVENUES> 1,622,833 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 155,912 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 430,303 <INCOME-PRETAX> 1,036,618 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,036,618 <DISCONTINUED> 0 <EXTRAORDINARY> 524,994 <CHANGES> 0 <NET-INCOME> 1,561,612 <EPS-PRIMARY> 30.30 <EPS-DILUTED> 30.30