<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 5,045,964 <SECURITIES> 2,726,532 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,772,496 <PP&E> 42,938,391 <DEPRECIATION> 0 <TOTAL-ASSETS> 50,710,887 <CURRENT-LIABILITIES> 175,621 <BONDS> 3,333,754 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 47,201,512 <TOTAL-LIABILITY-AND-EQUITY> 50,710,887 <SALES> 7,210,109 <TOTAL-REVENUES> 7,582,119 <CGS> 1,557,362 <TOTAL-COSTS> 1,557,362 <OTHER-EXPENSES> 1,632,244 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 4,392,513 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,392,513 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,392,513 <EPS-PRIMARY> 45.78 <EPS-DILUTED> 45.78