<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,481,196 <SECURITIES> 990,191 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,471,387 <PP&E> 18,688,801 <DEPRECIATION> (197,880) <TOTAL-ASSETS> 21,160,188 <CURRENT-LIABILITIES> 132,874 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 21,027,314 <TOTAL-LIABILITY-AND-EQUITY> 21,160,188 <SALES> 895,048 <TOTAL-REVENUES> 953,877 <CGS> 38,060 <TOTAL-COSTS> 38,060 <OTHER-EXPENSES> 303,087 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 612,730 <INCOME-TAX> 0 <INCOME-CONTINUING> 612,730 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 612,730 <EPS-PRIMARY> 8.87 <EPS-DILUTED> 8.87