<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 7,365,968 <SECURITIES> 4,987,233 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,353,201 <PP&E> 41,656,637 <DEPRECIATION> 0 <TOTAL-ASSETS> 54,009,838 <CURRENT-LIABILITIES> 183,563 <BONDS> 965,960 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 52,860,315 <TOTAL-LIABILITY-AND-EQUITY> 54,009,838 <SALES> 5,808,418 <TOTAL-REVENUES> 6,145,701 <CGS> 992,142 <TOTAL-COSTS> 992,142 <OTHER-EXPENSES> 1,155,847 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,997,712 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,997,712 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,997,712 <EPS-PRIMARY> 48.03 <EPS-DILUTED> 48.03