<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> AUG-31-2000 <PERIOD-END> MAY-31-2000 <CASH> 621 <SECURITIES> 0 <RECEIVABLES> 480 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,101 <PP&E> 37,678 <DEPRECIATION> 9,727 <TOTAL-ASSETS> 29,334 <CURRENT-LIABILITIES> 208 <BONDS> 0 <PREFERRED-MANDATORY> 140 <PREFERRED> 0 <COMMON> 52 <OTHER-SE> 27,768 <TOTAL-LIABILITY-AND-EQUITY> 29,334 <SALES> 0 <TOTAL-REVENUES> 4,116 <CGS> 0 <TOTAL-COSTS> 2,324 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,792 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,792 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,792 <EPS-BASIC> .35 <EPS-DILUTED> .35