<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 7,530,000 <SECURITIES> 3,197,000 <RECEIVABLES> 74,184,000 <ALLOWANCES> (4,699,000) <INVENTORY> 3,031,000 <CURRENT-ASSETS> 84,285,000 <PP&E> 192,395,000 <DEPRECIATION> (40,547,000) <TOTAL-ASSETS> 358,060,000 <CURRENT-LIABILITIES> 50,517,000 <BONDS> 179,956,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 111,442,000 <TOTAL-LIABILITY-AND-EQUITY> 358,060,000 <SALES> 0 <TOTAL-REVENUES> 92,632,000 <CGS> 0 <TOTAL-COSTS> 87,167,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 643,000 <INTEREST-EXPENSE> 3,472,000 <INCOME-PRETAX> 5,465,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,465,000 <EPS-PRIMARY> .64 <EPS-DILUTED> .56