<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JUL-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 1,233,903 <SECURITIES> 0 <RECEIVABLES> 181,571 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,415,474 <PP&E> 16,599,774 <DEPRECIATION> 65,441 <TOTAL-ASSETS> 17,949,807 <CURRENT-LIABILITIES> 469,100 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 17,480,707 <TOTAL-LIABILITY-AND-EQUITY> 17,949,807 <SALES> 356,757 <TOTAL-REVENUES> 428,977 <CGS> 0 <TOTAL-COSTS> (8146) <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 437,123 <INCOME-TAX> 0 <INCOME-CONTINUING> 437,123 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 437,123 <EPS-PRIMARY> 0 <EPS-DILUTED> 0