<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 4,571,861 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,571,861 <PP&E> 23,245,400 <DEPRECIATION> 0 <TOTAL-ASSETS> 27,817,261 <CURRENT-LIABILITIES> 119,468 <BONDS> 478,108 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 27,219,685 <TOTAL-LIABILITY-AND-EQUITY> 27,817,261 <SALES> 1,686,796 <TOTAL-REVENUES> 1,802,501 <CGS> 372,015 <TOTAL-COSTS> 372,015 <OTHER-EXPENSES> 395,622 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,034,864 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,034,864 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,034,864 <EPS-PRIMARY> 24.35 <EPS-DILUTED> 24.35