<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 2,111,776 <SECURITIES> 1,844,431 <RECEIVABLES> 31,341 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,987,548 <PP&E> 11,660,486 <DEPRECIATION> 0 <TOTAL-ASSETS> 15,648,034 <CURRENT-LIABILITIES> 101,645 <BONDS> 1,172,249 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 14,374,140 <TOTAL-LIABILITY-AND-EQUITY> 15,648,034 <SALES> 4,524,736 <TOTAL-REVENUES> 8,635,870 <CGS> 950,646 <TOTAL-COSTS> 950,646 <OTHER-EXPENSES> 997,667 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 6,687,557 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,687,557 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,687,557 <EPS-PRIMARY> 165.86 <EPS-DILUTED> 165.86