<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 2,041,300 <SECURITIES> 2,644,900 <RECEIVABLES> 140,500 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,826,700 <PP&E> 18,058,500 <DEPRECIATION> 4,284,700 <TOTAL-ASSETS> 18,613,200 <CURRENT-LIABILITIES> 821,500 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 17,721,000 <TOTAL-LIABILITY-AND-EQUITY> 18,613,200 <SALES> 0 <TOTAL-REVENUES> 583,700 <CGS> 0 <TOTAL-COSTS> 200,400 <OTHER-EXPENSES> 42,300 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 233,500 <INCOME-TAX> 0 <INCOME-CONTINUING> 233,500 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 233,500 <EPS-PRIMARY> 0.35 <EPS-DILUTED> 0.35