<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 7,390,972 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,390,972 <PP&E> 18,270 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,409,242 <CURRENT-LIABILITIES> 174,038 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,235,204 <TOTAL-LIABILITY-AND-EQUITY> 7,409,242 <SALES> 126,439 <TOTAL-REVENUES> 756,959 <CGS> 30,500 <TOTAL-COSTS> 30,500 <OTHER-EXPENSES> 50,561 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 675,898 <INCOME-TAX> 0 <INCOME-CONTINUING> 675,898 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 675,898 <EPS-PRIMARY> 20.42 <EPS-DILUTED> 20.42