<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 4458553 <SECURITIES> 1880258 <RECEIVABLES> 114024 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6452835 <PP&E> 31763495 <DEPRECIATION> 0 <TOTAL-ASSETS> 38875542 <CURRENT-LIABILITIES> 416051 <BONDS> 341914 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 38117577 <TOTAL-LIABILITY-AND-EQUITY> 38875542 <SALES> 2390875 <TOTAL-REVENUES> 2523871 <CGS> 488048 <TOTAL-COSTS> 488048 <OTHER-EXPENSES> 545008 <LOSS-PROVISION> 310000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1180815 <INCOME-TAX> 0 <INCOME-CONTINUING> 1180815 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1180815 <EPS-PRIMARY> 29.29 <EPS-DILUTED> 29.29