<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 4,549,560 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,549,560 <PP&E> 6,168,142 <DEPRECIATION> 0 <TOTAL-ASSETS> 10,717,702 <CURRENT-LIABILITIES> 205,795 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 10,511,907 <TOTAL-LIABILITY-AND-EQUITY> 10,717,702 <SALES> 316,867 <TOTAL-REVENUES> 1,849,053 <CGS> 102,695 <TOTAL-COSTS> 102,695 <OTHER-EXPENSES> 208,881 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,537,477 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,537,477 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,537,477 <EPS-PRIMARY> 22.25 <EPS-DILUTED> 22.25