
<TABLE> <S> <C>


<ARTICLE>                     5

       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   DEC-31-1998
<CASH>                                             116,570
<SECURITIES>                                     2,282,515
<RECEIVABLES>                                            0
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                 2,501,014
<PP&E>                                             509,284
<DEPRECIATION>                                    (258,397)
<TOTAL-ASSETS>                                   2,751,901
<CURRENT-LIABILITIES>                            1,278,260
<BONDS>                                         10,038,028
<PREFERRED-MANDATORY>                               77,570
<PREFERRED>                                              0
<COMMON>                                                 0
<OTHER-SE>                                      (8,641,957)
<TOTAL-LIABILITY-AND-EQUITY>                     2,751,901
<SALES>                                          7,004,498
<TOTAL-REVENUES>                                 7,004,498
<CGS>                                                    0
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<LOSS-PROVISION>                                 3,941,528
<INTEREST-EXPENSE>                               4,684,934
<INCOME-PRETAX>                                (13,623,623)
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                            (13,623,623)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                  3,688,650
<CHANGES>                                                0
<NET-INCOME>                                    (9,934,973)
<EPS-PRIMARY>                                        (1.25)
<EPS-DILUTED>                                        (1.25)
        


</TABLE>
