<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from the
financial statements contained in the body of the accompanying Form 10-Q and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1997
<CASH>                                           4,110
<SECURITIES>                                        74
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  16,400
<CURRENT-LIABILITIES>                                0
<BONDS>                                         26,085
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           100
<OTHER-SE>                                     (9,920)
<TOTAL-LIABILITY-AND-EQUITY>                    16,400
<SALES>                                          3,120
<TOTAL-REVENUES>                                 3,253
<CGS>                                            3,152
<TOTAL-COSTS>                                    3,152
<OTHER-EXPENSES>                                   522
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,208
<INCOME-PRETAX>                                (2,629)
<INCOME-TAX>                                        29
<INCOME-CONTINUING>                            (2,658)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,658)
<EPS-PRIMARY>                                    (.27)
<EPS-DILUTED>                                    (.27)