<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> NOV-30-1998 <PERIOD-END> FEB-28-1998 <CASH> 114,072 <SECURITIES> 9,718 <RECEIVABLES> 61,349 <ALLOWANCES> 0 <INVENTORY> 56,026 <CURRENT-ASSETS> 326,964 <PP&E> 5,536,252 <DEPRECIATION> 888,284 <TOTAL-ASSETS> 5,719,688 <CURRENT-LIABILITIES> 830,217 <BONDS> 1,189,779 <COMMON> 2,974 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 3,674,237 <TOTAL-LIABILITY-AND-EQUITY> 5,719,688 <SALES> 0 <TOTAL-REVENUES> 557,838 <CGS> 0 <TOTAL-COSTS> 307,595 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 18,961 <INCOME-PRETAX> 105,627 <INCOME-TAX> (4,287) <INCOME-CONTINUING> 109,914 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 109,914 <EPS-PRIMARY> .37 <EPS-DILUTED> .37