<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,952,504 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,952,504 <PP&E> 7,353,639 <DEPRECIATION> 0 <TOTAL-ASSETS> 9,306,143 <CURRENT-LIABILITIES> 109,886 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 9,196,257 <TOTAL-LIABILITY-AND-EQUITY> 9,306,143 <SALES> 1,913,614 <TOTAL-REVENUES> 8,472,836 <CGS> 295,874 <TOTAL-COSTS> 295,874 <OTHER-EXPENSES> 650,599 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 7,526,363 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,526,363 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,526,363 <EPS-PRIMARY> 108.91 <EPS-DILUTED> 108.91