<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 3,927,409 <SECURITIES> 1,260,485 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,187,894 <PP&E> 23,519,700 <DEPRECIATION> 0 <TOTAL-ASSETS> 28,707,594 <CURRENT-LIABILITIES> 138,678 <BONDS> 582,677 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 27,986,239 <TOTAL-LIABILITY-AND-EQUITY> 28,707,594 <SALES> 1,072,571 <TOTAL-REVENUES> 1,207,204 <CGS> 197,502 <TOTAL-COSTS> 197,502 <OTHER-EXPENSES> 360,806 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 648,896 <INCOME-TAX> 0 <INCOME-CONTINUING> 648,896 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 648,896 <EPS-PRIMARY> 13.17 <EPS-DILUTED> 13.17