<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 8,683,670 <SECURITIES> 0 <RECEIVABLES> 9,538 <ALLOWANCES> 0 <INVENTORY> 8,693,208 <CURRENT-ASSETS> 8,693,208 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 8,693,208 <CURRENT-LIABILITIES> 50,914 <BONDS> 964,480 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,677,814 <TOTAL-LIABILITY-AND-EQUITY> 8,693,208 <SALES> 138,415 <TOTAL-REVENUES> 854,793 <CGS> 67,238 <TOTAL-COSTS> 67,238 <OTHER-EXPENSES> 24,366 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 763,189 <INCOME-TAX> 0 <INCOME-CONTINUING> 763,189 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 763,189 <EPS-PRIMARY> 25.19 <EPS-DILUTED> 25.19