<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 4,706,279 <SECURITIES> 7,332,878 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,039,157 <PP&E> 47,550,977 <DEPRECIATION> 0 <TOTAL-ASSETS> 59,590,134 <CURRENT-LIABILITIES> 165,090 <BONDS> 596,583 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 58,828,461 <TOTAL-LIABILITY-AND-EQUITY> 59,590,134 <SALES> 7,111,650 <TOTAL-REVENUES> 7,716,609 <CGS> 2,165,678 <TOTAL-COSTS> 2,165,678 <OTHER-EXPENSES> 2,158,397 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,392,534 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,392,534 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,392,534 <EPS-PRIMARY> 40.72 <EPS-DILUTED> 40.72