<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 752,101 <SECURITIES> 0 <RECEIVABLES> 581,036 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,333,137 <PP&E> 15,889,612 <DEPRECIATION> 467,508 <TOTAL-ASSETS> 16,755,241 <CURRENT-LIABILITIES> 167,582 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 16,587,659 <TOTAL-LIABILITY-AND-EQUITY> 16,755,241 <SALES> 476,394 <TOTAL-REVENUES> 476,782 <CGS> 0 <TOTAL-COSTS> 71,808 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 404,974 <INCOME-TAX> 0 <INCOME-CONTINUING> 404,974 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 404,974 <EPS-PRIMARY> 0 <EPS-DILUTED> 0