WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> 12-31-1997 <PERIOD-END> 06-30-1997 <CASH> 1,488,884<F1> <SECURITIES> 622,810<F2> <RECEIVABLES> 19,633 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 22,054,065<F3> <DEPRECIATION> 156,879<F4> <TOTAL-ASSETS> 24,048,513 <CURRENT-LIABILITIES> 8,292 <BONDS> 0 <PREFERRED-MANDATORY> 24,040,224<F5> <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 24,048,513 <SALES> 0 <TOTAL-REVENUES> 429,194 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 206,511 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 222,683(F6)<F6> <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes Cash and Cash Equivalents of and investments in commercial paper. <F2>Includes all receivables of the partnership included in "other assets" on the balance sheet. <F3>Includes investment in the joint venture. <F4>Amortization of costs related to aquisition. <F5>Equity of general partners (54,235), limited partners 24,094,456. <F6>Net income allocated $2,227 to general partner and $220,445 to the limited partners. </FN>