<ARTICLE> 5 <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> dec-31-1997 <PERIOD-END> dec-31-1997 <CASH> 3,990,096 <SECURITIES> 0 <RECEIVABLES> 419,938 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 31,785,523 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 24,082,598 <TOTAL-LIABILITY-AND-EQUITY> 31,785,523 <SALES> 0 <TOTAL-REVENUES> 11,280,196 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,153,009 <LOSS-PROVISION> 321,876 <INTEREST-EXPENSE> 971,628 <INCOME-PRETAX> 3,833,683 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,833,683 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,833,683 <EPS-PRIMARY> 0 <EPS-DILUTED> 0