<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 1,549,068 <SECURITIES> 918,135 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,467,203 <PP&E> 18,604,289 <DEPRECIATION> 224,876 <TOTAL-ASSETS> 21,071,492 <CURRENT-LIABILITIES> 133,054 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 20,938,438 <TOTAL-LIABILITY-AND-EQUITY> 21,071,492 <SALES> 1,395,934 <TOTAL-REVENUES> 1,486,230 <CGS> 63,448 <TOTAL-COSTS> 63,448 <OTHER-EXPENSES> 437,306 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 985,476 <INCOME-TAX> 0 <INCOME-CONTINUING> 985,476 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 985,476 <EPS-PRIMARY> 14.26 <EPS-DILUTED> 14.26