<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 95,044,345 <SECURITIES> 0 <RECEIVABLES> 568,156 <ALLOWANCES> (26,884) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 46,919,590 <DEPRECIATION> (25,081,238) <TOTAL-ASSETS> 140,122,062 <CURRENT-LIABILITIES> 95,902,391 <BONDS> 15,974,535 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 28,245,136 <TOTAL-LIABILITY-AND-EQUITY> 140,122,062 <SALES> 0 <TOTAL-REVENUES> 10,536,074 <CGS> 0 <TOTAL-COSTS> 10,792,242 <OTHER-EXPENSES> (81,877,308) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 971,605 <INCOME-PRETAX> 58,632,748 <INCOME-TAX> 0 <INCOME-CONTINUING> 58,632,748 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 58,632,748 <EPS-PRIMARY> 221.48 <EPS-DILUTED> 221.48