<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 5,496,081 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,496,081 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 5,496,081 <CURRENT-LIABILITIES> 37,367 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 5,458,714 <TOTAL-LIABILITY-AND-EQUITY> 5,496,081 <SALES> 0 <TOTAL-REVENUES> 74,230 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 18,113 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 56,117 <INCOME-TAX> 0 <INCOME-CONTINUING> 56,117 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 56,117 <EPS-PRIMARY> 1.61 <EPS-DILUTED> 1.61