<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,645,244 <SECURITIES> 946,836 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,592,080 <PP&E> 18,354,551 <DEPRECIATION> 244,868 <TOTAL-ASSETS> 20,946,631 <CURRENT-LIABILITIES> 145,003 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 20,801,628 <TOTAL-LIABILITY-AND-EQUITY> 20,946,631 <SALES> 1,819,360 <TOTAL-REVENUES> 1,942,159 <CGS> 79,665 <TOTAL-COSTS> 79,665 <OTHER-EXPENSES> 552,206 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,310,288 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,310,288 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,310,288 <EPS-PRIMARY> 18.96 <EPS-DILUTED> 18.96