<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEETS OF THE REGISTRANT AS AT APRIL 30 AND JANUARY 31, 1997 AND STATEMENTS OF INCOME OF THE REGISTRANT FOR THE THREE MONTHS ENDED APRIL 30, 1997 AND 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JAN-31-1998 <PERIOD-START> JAN-31-1997 <PERIOD-END> APR-30-1997 <CASH> 219,418 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 509,937 <PP&E> 5,599,122 <DEPRECIATION> 0 <TOTAL-ASSETS> 6,109,059 <CURRENT-LIABILITIES> 3,050,869 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 3,058,190 <TOTAL-LIABILITY-AND-EQUITY> 6,109,059 <SALES> 0 <TOTAL-REVENUES> 558,933 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 649,906 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (90,973) <INCOME-TAX> 0 <INCOME-CONTINUING> (90,973) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (90,973) <EPS-PRIMARY> (.09) <EPS-DILUTED> 0