<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 5,954,338 <SECURITIES> 0 <RECEIVABLES> 348,339 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,302,677 <PP&E> 29,628,221 <DEPRECIATION> 5,633,631 <TOTAL-ASSETS> 39,797,736 <CURRENT-LIABILITIES> 616,150 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 39,181,586 <TOTAL-LIABILITY-AND-EQUITY> 39,797,736 <SALES> 0 <TOTAL-REVENUES> 5,741,280 <CGS> 0 <TOTAL-COSTS> 815,889 <OTHER-EXPENSES> 1,151,402 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,773,989 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,773,989 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,773,989 <EPS-PRIMARY> 1.35 <EPS-DILUTED> 1.35