<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1996 <CASH> 26,405 <SECURITIES> 1,973,918 <RECEIVABLES> 1,070,364 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,056,195 <PP&E> 1,300,000 <DEPRECIATION> 210,196 <TOTAL-ASSETS> 4,160,491 <CURRENT-LIABILITIES> 272,927 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,887,564 <TOTAL-LIABILITY-AND-EQUITY> 4,160,491 <SALES> 0 <TOTAL-REVENUES> 108,203 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 56,747 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 51,456 <INCOME-TAX> 0 <INCOME-CONTINUING> 51,456 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 51,456 <EPS-PRIMARY> 3.88 <EPS-DILUTED> 3.88