<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,535,432 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,535,432 <PP&E> 3,608,084 <DEPRECIATION> 0 <TOTAL-ASSETS> 5,143,516 <CURRENT-LIABILITIES> 232,802 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,910,714 <TOTAL-LIABILITY-AND-EQUITY> 5,143,516 <SALES> 61,595 <TOTAL-REVENUES> 81,399 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 31,707 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 49,692 <INCOME-TAX> 0 <INCOME-CONTINUING> 49,692 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 49,692 <EPS-PRIMARY> 4.12 <EPS-DILUTED> 4.12