<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-END> DEC-31-1995 <CASH> 27,145 <SECURITIES> 0 <RECEIVABLES> 10,772 <ALLOWANCES> 570 <INVENTORY> 0 <CURRENT-ASSETS> 43,472 <PP&E> 377,999 <DEPRECIATION> 27,543 <TOTAL-ASSETS> 455,985 <CURRENT-LIABILITIES> 95,917 <BONDS> 316,011 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 81,495 <OTHER-SE> 11,528 <TOTAL-LIABILITY-AND-EQUITY> 455,985 <SALES> 0 <TOTAL-REVENUES> 145,033 <CGS> 0 <TOTAL-COSTS> 116,908 <OTHER-EXPENSES> 0 <LOSS-PROVISION> (372) <INTEREST-EXPENSE> 22,163 <INCOME-PRETAX> 18,974 <INCOME-TAX> 2,766 <INCOME-CONTINUING> 16,208 <DISCONTINUED> 0 <EXTRAORDINARY> (2,581) <CHANGES> 0 <NET-INCOME> 13,627 <EPS-PRIMARY> .57 <EPS-DILUTED> .57