<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 2,776,543 <SECURITIES> 0 <RECEIVABLES> 73 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,776,616 <PP&E> 789,872 <DEPRECIATION> 11,222 <TOTAL-ASSETS> 6,026,558 <CURRENT-LIABILITIES> 70,120 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 5,956,438 <TOTAL-LIABILITY-AND-EQUITY> 6,026,558 <SALES> 132,601 <TOTAL-REVENUES> 222,776 <CGS> 0 <TOTAL-COSTS> 79,154 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 143,622 <INCOME-TAX> 0 <INCOME-CONTINUING> 143,622 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 143,622 <EPS-PRIMARY> 29.16 <EPS-DILUTED> 0