<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 24,020,036 <SECURITIES> 2,129,366 <RECEIVABLES> 18,553 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 26,167,955 <PP&E> 12,893,765 <DEPRECIATION> 0 <TOTAL-ASSETS> 39,061,720 <CURRENT-LIABILITIES> 136,076 <BONDS> 1,115,249 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 37,810,395 <TOTAL-LIABILITY-AND-EQUITY> 39,061,720 <SALES> 3,693,993 <TOTAL-REVENUES> 7,259,138 <CGS> 700,225 <TOTAL-COSTS> 700,225 <OTHER-EXPENSES> 857,668 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 5,701,245 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,701,245 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,701,245 <EPS-PRIMARY> 141.40 <EPS-DILUTED> 141.40