<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 34,009,629 <SECURITIES> 0 <RECEIVABLES> 395,295 <ALLOWANCES> 13,745 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 8,798,325 <DEPRECIATION> (4,125,146) <TOTAL-ASSETS> 41,977,168 <CURRENT-LIABILITIES> 36,135,601 <BONDS> 29,494 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 5,841,567 <TOTAL-LIABILITY-AND-EQUITY> 41,977,168 <SALES> 0 <TOTAL-REVENUES> 14,159,133 <CGS> 0 <TOTAL-COSTS> 14,598,643 <OTHER-EXPENSES> (95,328,792) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,248,940 <INCOME-PRETAX> 71,137,449 <INCOME-TAX> 0 <INCOME-CONTINUING> 71,137,449 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 71,137,449 <EPS-PRIMARY> 269.32 <EPS-DILUTED> 269.32