<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> AUG-31-2000 <PERIOD-END> FEB-29-2000 <CASH> 1,645 <SECURITIES> 0 <RECEIVABLES> 490 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,135 <PP&E> 48,143 <DEPRECIATION> 14,061 <TOTAL-ASSETS> 36,357 <CURRENT-LIABILITIES> 475 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 138 <COMMON> 75 <OTHER-SE> 33,576 <TOTAL-LIABILITY-AND-EQUITY> 36,357 <SALES> 0 <TOTAL-REVENUES> 3,828 <CGS> 0 <TOTAL-COSTS> 2,008 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,820 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,820 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,820 <EPS-BASIC> .24 <EPS-DILUTED> .24