<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 2,537,154 <SECURITIES> 0 <RECEIVABLES> 9,626 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,546,780 <PP&E> 786,107 <DEPRECIATION> 7,642 <TOTAL-ASSETS> 4,437,519 <CURRENT-LIABILITIES> 37,353 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,400,166 <TOTAL-LIABILITY-AND-EQUITY> 4,437,519 <SALES> 84,100 <TOTAL-REVENUES> 135,514 <CGS> 0 <TOTAL-COSTS> 52,584 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 82,930 <INCOME-TAX> 0 <INCOME-CONTINUING> 82,930 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 82,930 <EPS-PRIMARY> 19.02 <EPS-DILUTED> 0