<ARTICLE> 5 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Mar-31-1996 <CASH> 2,457,887 <SECURITIES> 000 <RECEIVABLES> 000 <ALLOWANCES> 000 <INVENTORY> 000 <CURRENT-ASSETS> 000 <PP&E> 33,761,928 <DEPRECIATION> 9,257,041 <TOTAL-ASSETS> 26,978,980 <CURRENT-LIABILITIES> 839,409 <BONDS> 000 <COMMON> 000 <PREFERRED-MANDATORY> 000 <PREFERRED> 000 <OTHER-SE> 25,997,650 <TOTAL-LIABILITY-AND-EQUITY> 26,978,980 <SALES> 000 <TOTAL-REVENUES> 1,208,480 <CGS> 000 <TOTAL-COSTS> 645,762 <OTHER-EXPENSES> 346,767 <LOSS-PROVISION> 000 <INTEREST-EXPENSE> 000 <INCOME-PRETAX> 000 <INCOME-TAX> 000 <INCOME-CONTINUING> 000 <DISCONTINUED> 000 <EXTRAORDINARY> 000 <CHANGES> 000 <NET-INCOME> 215,951 <EPS-PRIMARY> 1.27 <EPS-DILUTED> 1.27