<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 3,563,000 <SECURITIES> 0 <RECEIVABLES> 72,000 <ALLOWANCES> 42,000 <INVENTORY> 0 <CURRENT-ASSETS> 3,593,000 <PP&E> 2,925,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,096,000 <CURRENT-LIABILITIES> 314,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 6,782,000<F1> <SALES> 0 <TOTAL-REVENUES> 1,406,000 <CGS> 0 <TOTAL-COSTS> (3,148,000)<F2> <OTHER-EXPENSES> 3,201,000<F3> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 85,000 <INCOME-PRETAX> 1,353,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,353,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,353,000 <EPS-PRIMARY> .37 <EPS-DILUTED> .37 <FN> <F1>NET ASSETS - LIQUIDATION BASIS <F2>INCLUDES OFFSET OF GAIN OF $4,984,000 DUE TO SALE OF PROPERTY <F3>REPRESENTS MINORITY INTEREST PORTION OF CURRENT INCOME </FN>