<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 10,277,106 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,277,706 <PP&E> 31,939,907 <DEPRECIATION> 0 <TOTAL-ASSETS> 42,217,613 <CURRENT-LIABILITIES> 125,455 <BONDS> 1,179,170 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 40,912,988 <TOTAL-LIABILITY-AND-EQUITY> 42,217,613 <SALES> 2,285,124 <TOTAL-REVENUES> 2,553,195 <CGS> 675,720 <TOTAL-COSTS> 675,720 <OTHER-EXPENSES> 760,685 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,116,790 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,116,790 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,116,790 <EPS-PRIMARY> 13.43 <EPS-DILUTED> 13.43