<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,033,465 <SECURITIES> 372,478 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,405,943 <PP&E> 17,030,179 <DEPRECIATION> 1,848,699 <TOTAL-ASSETS> 19,436,122 <CURRENT-LIABILITIES> 86,832 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 19,349,290 <TOTAL-LIABILITY-AND-EQUITY> 19,436,122 <SALES> 446,618 <TOTAL-REVENUES> 474,402 <CGS> 53,749 <TOTAL-COSTS> 53,749 <OTHER-EXPENSES> 188,223 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 232,430 <INCOME-TAX> 0 <INCOME-CONTINUING> 232,430 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 232,430 <EPS-PRIMARY> 8.32 <EPS-DILUTED> 8.32