<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 6,570,779 <SECURITIES> 828,267 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,399,046 <PP&E> 43,048,420 <DEPRECIATION> 0 <TOTAL-ASSETS> 50,447,466 <CURRENT-LIABILITIES> 184,876 <BONDS> 3,424,672 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 46,837,918 <TOTAL-LIABILITY-AND-EQUITY> 50,446,466 <SALES> 3,436,853 <TOTAL-REVENUES> 3,618,044 <CGS> 1,058,252 <TOTAL-COSTS> 1,058,252 <OTHER-EXPENSES> 866,077 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,693,715 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,693,715 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,693,715 <EPS-PRIMARY> 17.65 <EPS-DILUTED> 17.65