<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 7276955 <SECURITIES> 4705547 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11982502 <PP&E> 48081310 <DEPRECIATION> 0 <TOTAL-ASSETS> 60063812 <CURRENT-LIABILITIES> 138146 <BONDS> 482410 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 59443256 <TOTAL-LIABILITY-AND-EQUITY> 60063812 <SALES> 3458604 <TOTAL-REVENUES> 3755137 <CGS> 953029 <TOTAL-COSTS> 953029 <OTHER-EXPENSES> 1153164 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1648944 <INCOME-TAX> 0 <INCOME-CONTINUING> 1648944 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1648944 <EPS-PRIMARY> 19.78 <EPS-DILUTED> 19.78