<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 1556312 <SECURITIES> 0 <RECEIVABLES> 29330 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1585642 <PP&E> 8437817 <DEPRECIATION> 61894 <TOTAL-ASSETS> 10023459 <CURRENT-LIABILITIES> 79748 <BONDS> 504663 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 9439048 <TOTAL-LIABILITY-AND-EQUITY> 10023459 <SALES> 1437666 <TOTAL-REVENUES> 1525714 <CGS> 80951 <TOTAL-COSTS> 80951 <OTHER-EXPENSES> 360749 <LOSS-PROVISION> 250000 <INTEREST-EXPENSE> 114798 <INCOME-PRETAX> 719216 <INCOME-TAX> 0 <INCOME-CONTINUING> 719216 <DISCONTINUED> 0 <EXTRAORDINARY> 885059 <CHANGES> 0 <NET-INCOME> 1604275 <EPS-PRIMARY> 45.93 <EPS-DILUTED> 45.93