<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 29,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 183,000 <PP&E> 10,869,000 <DEPRECIATION> 94,000 <TOTAL-ASSETS> 11,052,000 <CURRENT-LIABILITIES> 184,000 <BONDS> 0 <PREFERRED-MANDATORY> 12,737,000 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (8,629,000) <TOTAL-LIABILITY-AND-EQUITY> 11,052,000 <SALES> 0 <TOTAL-REVENUES> 394,000 <CGS> 0 <TOTAL-COSTS> 153,000 <OTHER-EXPENSES> 131,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 289,000 <INCOME-PRETAX> (179,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (179,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (179,000) <EPS-PRIMARY> (.06) <EPS-DILUTED> (.06)