<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 4,017,473 <SECURITIES> 2,889,753 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,907,226 <PP&E> 31,018,277 <DEPRECIATION> 0 <TOTAL-ASSETS> 37,925,503 <CURRENT-LIABILITIES> 191,954 <BONDS> 4,205,989 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 33,527,560 <TOTAL-LIABILITY-AND-EQUITY> 37,925,503 <SALES> 5,881,501 <TOTAL-REVENUES> 16,837,755 <CGS> 2,028,830 <TOTAL-COSTS> 2,028,830 <OTHER-EXPENSES> 1,597,766 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 13,211,159 <INCOME-TAX> 0 <INCOME-CONTINUING> 13,211,159 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,211,159 <EPS-PRIMARY> 137.68 <EPS-DILUTED> 137.68