<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,593,684 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 13,169,118 <DEPRECIATION> 5,658,528 <TOTAL-ASSETS> 9,114,074 <CURRENT-LIABILITIES> 366,357 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,747,717 <TOTAL-LIABILITY-AND-EQUITY> 9,114,074 <SALES> 408,274 <TOTAL-REVENUES> 471,857 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 427,286 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 44,571 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 44,571 <EPS-PRIMARY> 0.24 <EPS-DILUTED> 0.24