<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JUL-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 548,117 <SECURITIES> 0 <RECEIVABLES> 350,468 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 898,585 <PP&E> 16,487,545 <DEPRECIATION> (154,960) <TOTAL-ASSETS> 17,231,170 <CURRENT-LIABILITIES> 75,675 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 17,155,495 <TOTAL-LIABILITY-AND-EQUITY> 17,231,170 <SALES> 1,481,384 <TOTAL-REVENUES> 1,543,277 <CGS> 0 <TOTAL-COSTS> 230,739 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,312,538 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,312,538 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,312,538 <EPS-PRIMARY> 0 <EPS-DILUTED> 0