<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 3,154,152 <SECURITIES> 1,320,041 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,474,193 <PP&E> 23,650,960 <DEPRECIATION> 0 <TOTAL-ASSETS> 28,125,153 <CURRENT-LIABILITIES> 147,242 <BONDS> 478,108 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 27,499,803 <TOTAL-LIABILITY-AND-EQUITY> 28,125,153 <SALES> 2,137,069 <TOTAL-REVENUES> 3,453,194 <CGS> 709,195 <TOTAL-COSTS> 709,195 <OTHER-EXPENSES> 801,803 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,942,196 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,942,196 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,942,196 <EPS-PRIMARY> 45.70 <EPS-DILUTED> 45.70