<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the consolidated balance sheets and consolidated statements of income and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,502,653 <SECURITIES> 0 <RECEIVABLES> 356,988 <ALLOWANCES> 0 <INVENTORY> 1,540,135 <CURRENT-ASSETS> 0 <PP&E> 10,944,706 <DEPRECIATION> 0 <TOTAL-ASSETS> 19,922,416 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 13,000,450 <TOTAL-LIABILITY-AND-EQUITY> 19,922,416 <SALES> 127,494 <TOTAL-REVENUES> 1,959,196 <CGS> 0 <TOTAL-COSTS> 1,440,989 <OTHER-EXPENSES> 158,195 <LOSS-PROVISION> 125,000 <INTEREST-EXPENSE> 83,349 <INCOME-PRETAX> 518,207 <INCOME-TAX> 0 <INCOME-CONTINUING> 518,207 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 518,207 <EPS-PRIMARY> 1.52 <EPS-DILUTED> 1.52