<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEET OF THE REGISTRANT AS OF JANUARY 31, 1999 AND 1998 AND THE STATEMENTS OF OPERATIONS OF THE REGISTRANT FOR THE THREE YEARS ENDED JANUARY 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JAN-31-1999 <PERIOD-START> FEB-01-1998 <PERIOD-END> JAN-31-1999 <CASH> 420,935 <SECURITIES> 0 <RECEIVABLES> 1,874,648 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 65,509,187 <DEPRECIATION> 0 <TOTAL-ASSETS> 67,804,770 <CURRENT-LIABILITIES> 0<F1> <BONDS> 59,735,443 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,069,327 <TOTAL-LIABILITY-AND-EQUITY> 67,804,770 <SALES> 0 <TOTAL-REVENUES> 9,909,758 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,109,946 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (193,071) <INCOME-TAX> 0 <INCOME-CONTINUING> (193,071) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (193,071) <EPS-BASIC> (.10) <EPS-DILUTED> (.10) <FN> <F1>THE REGISTRANT UTILIZES AN UNCLASSIFIED BALANCE SHEET THEREFORE THE CAPTIONS "TOTAL CURRENT ASSETS" AND "TOTAL CURRENT LIABILITITE" ARE NOT APPLICABLE. </FN>