<ARTICLE>5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 6418582 <SECURITIES> 0 <RECEIVABLES> 58154 <ALLOWANCES> 30365 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 960000 <DEPRECIATION> 75000 <TOTAL-ASSETS> 7361736 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 5120063 <TOTAL-LIABILITY-AND-EQUITY> 7361736 <SALES> 0 <TOTAL-REVENUES> 1464953 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 160793 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1304160 <INCOME-TAX> 0 <INCOME-CONTINUING> 1304160 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1304160 <EPS-PRIMARY> 6.24 <EPS-DILUTED> 0