<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 2,345,393 <SECURITIES> 2,934,645 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,280,038 <PP&E> 24,420,742 <DEPRECIATION> 0 <TOTAL-ASSETS> 29,700,780 <CURRENT-LIABILITIES> 98,876 <BONDS> 582,677 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 29,019,227 <TOTAL-LIABILITY-AND-EQUITY> 29,700,780 <SALES> 487,458 <TOTAL-REVENUES> 555,168 <CGS> 117,516 <TOTAL-COSTS> 117,516 <OTHER-EXPENSES> 174,125 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 263,527 <INCOME-TAX> 0 <INCOME-CONTINUING> 263,527 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 263,527 <EPS-PRIMARY> 5.35 <EPS-DILUTED> 5.35