<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Jun-30-1996 <CASH> 501,476 <SECURITIES> 885,595 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 19,097,026 <DEPRECIATION> (4,607,352) <TOTAL-ASSETS> 16,032,728 <CURRENT-LIABILITIES> 301,014 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,629,142 <TOTAL-LIABILITY-AND-EQUITY> 16,032,728 <SALES> 0 <TOTAL-REVENUES> 1,400,982 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 990,414 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 395,476 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 15,092 <EPS-PRIMARY> 0 <EPS-DILUTED> 0