<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AS OF AUGUST 31, 1999, AND THE CONSOLIDATED STATEMENT OF INCOME FOR THE YEAR ENDED AUGUST 31, 1999. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> AUG-31-1999 <PERIOD-END> AUG-31-1999 <CASH> 2,615 <SECURITIES> 0 <RECEIVABLES> 428 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,033 <PP&E> 48,035 <DEPRECIATION> 13,417 <TOTAL-ASSETS> 37,931 <CURRENT-LIABILITIES> 708 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 134 <COMMON> 75 <OTHER-SE> 34,921 <TOTAL-LIABILITY-AND-EQUITY> 37,931 <SALES> 7,525 <TOTAL-REVENUES> 7,597 <CGS> 0 <TOTAL-COSTS> 4,636 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 31 <INCOME-PRETAX> 2,930 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,930 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,930 <EPS-BASIC> .38 <EPS-DILUTED> .38