<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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1998
<CASH>                                           2,982
<SECURITIES>                                        77
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  14,008
<CURRENT-LIABILITIES>                                0
<BONDS>                                         26,085
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           100
<OTHER-SE>                                    (12,612)
<TOTAL-LIABILITY-AND-EQUITY>                    14,008
<SALES>                                            891
<TOTAL-REVENUES>                                 1,025
<CGS>                                              894
<TOTAL-COSTS>                                      894
<OTHER-EXPENSES>                                   335
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,552
<INCOME-PRETAX>                                (1,756)
<INCOME-TAX>                                        17
<INCOME-CONTINUING>                            (1,773)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,773)
<EPS-PRIMARY>                                    (.18)
<EPS-DILUTED>                                    (.18)