<ARTICLE>  5
<LEGEND>
THE  SCHEDULE   CONTAINS   SUMMARY   FINANCIAL   INFORMATION   EXTRACTED  FROM
REGISTRANT'S  FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                         
<PERIOD-TYPE>                               3-MOS
<FISCAL-YEAR-END>                           DEC-31-1996
<PERIOD-END>                                MAR-31-1996
<CASH>                                       3,375
<SECURITIES>                                 4,954
<RECEIVABLES>                                  968
<ALLOWANCES>                                     0
<INVENTORY>                                      0
<CURRENT-ASSETS>                                 0
<PP&E>                                      43,148
<DEPRECIATION>                               7,285
<TOTAL-ASSETS>                              45,823
<CURRENT-LIABILITIES>                            0
<BONDS>                                          0
<PREFERRED-MANDATORY>                            0
<PREFERRED>                                      0
<COMMON>                                    50,716
<OTHER-SE>                                  (5,821)
<TOTAL-LIABILITY-AND-EQUITY>                45,823
<SALES>                                          0
<TOTAL-REVENUES>                             1,281
<CGS>                                            0
<TOTAL-COSTS>                                1,077
<OTHER-EXPENSES>                                 0
<LOSS-PROVISION>                                 0
<INTEREST-EXPENSE>                               0
<INCOME-PRETAX>                                  0
<INCOME-TAX>                                     0
<INCOME-CONTINUING>                              0
<DISCONTINUED>                                   0
<EXTRAORDINARY>                                  0
<CHANGES>                                        0
<NET-INCOME>                                   204
<EPS-PRIMARY>                                    0
<EPS-DILUTED>                                    0