<ARTICLE> 5
<CURRENCY> U.S.DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                          11,452
<SECURITIES>                                   128,705
<RECEIVABLES>                                  738,832
<ALLOWANCES>                                  (11,057)
<INVENTORY>                                     17,095
<CURRENT-ASSETS>                                     0
<PP&E>                                       6,419,224
<DEPRECIATION>                               (948,378)
<TOTAL-ASSETS>                               7,275,520
<CURRENT-LIABILITIES>                                0
<BONDS>                                      4,925,288
<COMMON>                                             1
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    485,900
<OTHER-SE>                                     354,284
<TOTAL-LIABILITY-AND-EQUITY>                 7,275,520
<SALES>                                              0
<TOTAL-REVENUES>                               803,142
<CGS>                                                0
<TOTAL-COSTS>                                  717,564
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                 3,091
<INTEREST-EXPENSE>                              67,315
<INCOME-PRETAX>                                 15,172
<INCOME-TAX>                                     6,384
<INCOME-CONTINUING>                              8,788
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,788
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0