<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 980618 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 980618 <PP&E> 30774962 <DEPRECIATION> 1207398 <TOTAL-ASSETS> 33026111 <CURRENT-LIABILITIES> 143017 <BONDS> 500000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 32383094 <TOTAL-LIABILITY-AND-EQUITY> 33026111 <SALES> 0 <TOTAL-REVENUES> 1580850 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 246236 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10286 <INCOME-PRETAX> 1324328 <INCOME-TAX> 0 <INCOME-CONTINUING> 1324328 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1324328 <EPS-PRIMARY> 19.66 <EPS-DILUTED> 19.66