<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1998 <CASH> 2,942,647 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,942,647 <PP&E> 17,814,568 <DEPRECIATION> 369,899 <TOTAL-ASSETS> 20,757,215 <CURRENT-LIABILITIES> 106,161 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 20,651,054 <TOTAL-LIABILITY-AND-EQUITY> 20,757,215 <SALES> 1,200,626 <TOTAL-REVENUES> 1,266,736 <CGS> 139,908 <TOTAL-COSTS> 139,908 <OTHER-EXPENSES> 354,158 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 772,670 <INCOME-TAX> 0 <INCOME-CONTINUING> 772,670 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 772,670 <EPS-PRIMARY> 11.18 <EPS-DILUTED> 11.18