<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 13,055,730
<SECURITIES> 0
<RECEIVABLES> 75,412
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 13,131,142
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 14,200,201
<CURRENT-LIABILITIES> 24,473
<BONDS> 35,693,591
<COMMON> 0
0
0
<OTHER-SE> (36,364,167)
<TOTAL-LIABILITY-AND-EQUITY> 14,200,201
<SALES> 0
<TOTAL-REVENUES> 1,253,927
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 944,272
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,868,966
<INCOME-PRETAX> (1,957,967)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,957,967)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,957,967)
<EPS-BASIC> (4.69)
<EPS-DILUTED> (4.69)
</TABLE>
