<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 2376927 <SECURITIES> 1138837 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3515764 <PP&E> 18992030 <DEPRECIATION> 108817 <TOTAL-ASSETS> 22507794 <CURRENT-LIABILITIES> 164799 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 22342995 <TOTAL-LIABILITY-AND-EQUITY> 22507794 <SALES> 1337854 <TOTAL-REVENUES> 1470010 <CGS> 88190 <TOTAL-COSTS> 88190 <OTHER-EXPENSES> 416805 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 965015 <INCOME-TAX> 0 <INCOME-CONTINUING> 965015 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 965015 <EPS-PRIMARY> 13.96 <EPS-DILUTED> 13.96