<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 1997 AND STATEMENT OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 30, 1997 AS PROVIDED ON FORM 10-QSB FOR THE 2ND
QUARTER 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB
FOR THE QUARTER ENDED JUNE 30, 1997.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             APR-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                       8,176,469
<SECURITIES>                                         0
<RECEIVABLES>                                  104,977
<ALLOWANCES>                                         0
<INVENTORY>                                  8,220,126
<CURRENT-ASSETS>                                 1,529
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              16,503,101
<CURRENT-LIABILITIES>                        1,777,495
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  14,725,606
<TOTAL-LIABILITY-AND-EQUITY>                16,503,101
<SALES>                                              0
<TOTAL-REVENUES>                               161,056
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               267,213
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                               (80,283)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (80,283)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0