<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S JUNE 30, 1996 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH 10-QSB.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                       4,416,000
<SECURITIES>                                         0
<RECEIVABLES>                                   68,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,130,000
<PP&E>                                      18,140,000
<DEPRECIATION>                               7,698,000
<TOTAL-ASSETS>                              15,572,000
<CURRENT-LIABILITIES>                          663,000
<BONDS>                                              0
<COMMON>                                        16,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  14,893,000
<TOTAL-LIABILITY-AND-EQUITY>                15,572,000
<SALES>                                      1,723,000
<TOTAL-REVENUES>                             1,723,000
<CGS>                                          460,000
<TOTAL-COSTS>                                1,140,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                480,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            480,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   480,000
<EPS-PRIMARY>                                     0.33
<EPS-DILUTED>                                        0