<ARTICLE> 5

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               MAY-31-1999
<CASH>                                             718
<SECURITIES>                                         0
<RECEIVABLES>                                      454
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 1,172
<PP&E>                                          47,979
<DEPRECIATION>                                  13,096
<TOTAL-ASSETS>                                  36,424
<CURRENT-LIABILITIES>                              435
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        132
<COMMON>                                            75
<OTHER-SE>                                      35,857
<TOTAL-LIABILITY-AND-EQUITY>                    36,424
<SALES>                                              0
<TOTAL-REVENUES>                                 5,686
<CGS>                                                0
<TOTAL-COSTS>                                    3,493
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  2,193
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              2,193
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,193
<EPS-BASIC>                                        .29
<EPS-DILUTED>                                      .29