<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,628,373 <SECURITIES> 707,212 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,335,585 <PP&E> 17,735,491 <DEPRECIATION> 1,485,461 <TOTAL-ASSETS> 20,071,076 <CURRENT-LIABILITIES> 65,914 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 20,005,162 <TOTAL-LIABILITY-AND-EQUITY> 20,071,076 <SALES> 485,187 <TOTAL-REVENUES> 510,765 <CGS> 70,863 <TOTAL-COSTS> 70,863 <OTHER-EXPENSES> 168,525 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 271,377 <INCOME-TAX> 0 <INCOME-CONTINUING> 271,377 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 271,377 <EPS-PRIMARY> 9.72 <EPS-DILUTED> 9.72