<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 4730405 <SECURITIES> 996192 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5726597 <PP&E> 13834445 <DEPRECIATION> 3318878 <TOTAL-ASSETS> 19561042 <CURRENT-LIABILITIES> 95125 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 19465917 <TOTAL-LIABILITY-AND-EQUITY> 19561042 <SALES> 2912825 <TOTAL-REVENUES> 3089023 <CGS> 136284 <TOTAL-COSTS> 136284 <OTHER-EXPENSES> 775800 <LOSS-PROVISION> 3350000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1173061) <INCOME-TAX> 0 <INCOME-CONTINUING> (1173061) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1173061) <EPS-PRIMARY> (35.35) <EPS-DILUTED> (35.35)