<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 18,680,758 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 18,680,758 <PP&E> 21,947,468 <DEPRECIATION> 0 <TOTAL-ASSETS> 40,628,226 <CURRENT-LIABILITIES> 294,874 <BONDS> 1,646,212 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 38,687,140 <TOTAL-LIABILITY-AND-EQUITY> 40,628,226 <SALES> 2,231,192 <TOTAL-REVENUES> 2,526,953 <CGS> 694,721 <TOTAL-COSTS> 694,721 <OTHER-EXPENSES> 904,490 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 927,742 <INCOME-TAX> 0 <INCOME-CONTINUING> 927,742 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 927,742 <EPS-BASIC> 11.17 <EPS-DILUTED> 11.17