<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 4 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,550 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17 <OTHER-SE> (178,697) <TOTAL-LIABILITY-AND-EQUITY> 1,550 <SALES> 0 <TOTAL-REVENUES> 34 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 107 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,440 <INCOME-PRETAX> (5,613) <INCOME-TAX> 31 <INCOME-CONTINUING> (5,644) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,644) <EPS-PRIMARY> (3.26) <EPS-DILUTED> (3.26)