<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheet as of August 31, 1998, and the consolidated statement
of income for the year ended August 31, 1998.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               AUG-31-1998
<CASH>                                           2,264
<SECURITIES>                                         0
<RECEIVABLES>                                      474
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 2,738
<PP&E>                                          47,882
<DEPRECIATION>                                  12,131
<TOTAL-ASSETS>                                  38,910
<CURRENT-LIABILITIES>                              326
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        125
<COMMON>                                            75
<OTHER-SE>                                      38,384
<TOTAL-LIABILITY-AND-EQUITY>                    38,910
<SALES>                                          7,222
<TOTAL-REVENUES>                                 7,320
<CGS>                                                0
<TOTAL-COSTS>                                    2,597
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  4,723
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              4,723
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,723
<EPS-BASIC>                                        .63
<EPS-DILUTED>                                      .63