<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 30, 1996 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH SEPTEMBER 30, 1996 FORM 10-Q FILING.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                       2,868,096
<SECURITIES>                                         0
<RECEIVABLES>                                  336,315
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,204,411
<PP&E>                                      10,802,603
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              20,162,525
<CURRENT-LIABILITIES>                          180,591
<BONDS>                                      2,283,583
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,494
<OTHER-SE>                                  17,422,639
<TOTAL-LIABILITY-AND-EQUITY>                20,162,525
<SALES>                                      2,665,316
<TOTAL-REVENUES>                             2,807,742
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               889,425
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             168,546
<INCOME-PRETAX>                              1,749,770
<INCOME-TAX>                                   665,000
<INCOME-CONTINUING>                          1,084,770
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,084,770
<EPS-PRIMARY>                                      .42
<EPS-DILUTED>                                      .42