<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,537,825 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,537,825 <PP&E> 6,392,011 <DEPRECIATION> 2,519,595 <TOTAL-ASSETS> 7,929,836 <CURRENT-LIABILITIES> 270,744 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,659,092 <TOTAL-LIABILITY-AND-EQUITY> 7,929,836 <SALES> 202,600 <TOTAL-REVENUES> 222,913 <CGS> 28,978 <TOTAL-COSTS> 28,978 <OTHER-EXPENSES> 137,807 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 56,128 <INCOME-TAX> 0 <INCOME-CONTINUING> 56,128 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 56,128 <EPS-PRIMARY> 1.70 <EPS-DILUTED> 1.70