<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 2,957,500 <SECURITIES> 0 <RECEIVABLES> 3,700 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,961,200 <PP&E> 6,688,177 <DEPRECIATION> 138,419 <TOTAL-ASSETS> 10,666,221 <CURRENT-LIABILITIES> 168,303 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,283 <OTHER-SE> 8,838,189 <TOTAL-LIABILITY-AND-EQUITY> 10,666,221 <SALES> 390,320 <TOTAL-REVENUES> 462,849 <CGS> 0 <TOTAL-COSTS> 135,351 <OTHER-EXPENSES> 74,683 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 252,815 <INCOME-TAX> 0 <INCOME-CONTINUING> 252,815 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 252,815 <EPS-PRIMARY> .25 <EPS-DILUTED> 0