<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 3338621 <SECURITIES> 1808383 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5147004 <PP&E> 24253426 <DEPRECIATION> 0 <TOTAL-ASSETS> 29400430 <CURRENT-LIABILITIES> 111453 <BONDS> 582677 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 28706300 <TOTAL-LIABILITY-AND-EQUITY> 29400430 <SALES> 904791 <TOTAL-REVENUES> 1037559 <CGS> 212256 <TOTAL-COSTS> 212256 <OTHER-EXPENSES> 353805 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 471498 <INCOME-TAX> 0 <INCOME-CONTINUING> 471498 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 471498 <EPS-PRIMARY> 9.57 <EPS-DILUTED> 9.57