<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> MAR-31-2000 <CASH> 118,718 <SECURITIES> 439,212 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 694,538 <DEPRECIATION> 58,470 <TOTAL-ASSETS> 1,323,404 <CURRENT-LIABILITIES> 0 <BONDS> 176,460 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 982,190 <TOTAL-LIABILITY-AND-EQUITY> 1,323,404 <SALES> 0 <TOTAL-REVENUES> 75,367 <CGS> 0 <TOTAL-COSTS> 53,086 <OTHER-EXPENSES> 3,674 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,933 <INCOME-PRETAX> 14,698 <INCOME-TAX> 0 <INCOME-CONTINUING> 14,698 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,698 <EPS-BASIC> .26 <EPS-DILUTED> .23