<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 107,518 <SECURITIES> 186,788 <RECEIVABLES> 43,825 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 375,589 <PP&E> 8,638,497 <DEPRECIATION> 1,542,263 <TOTAL-ASSETS> 7,553,713 <CURRENT-LIABILITIES> 3,943,967 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 7,553,713 <SALES> 0 <TOTAL-REVENUES> 303,098 <CGS> 0 <TOTAL-COSTS> 216,707 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 104,039 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (17,648) <EPS-PRIMARY> 0 <EPS-DILUTED> 0