<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 36,875 <SECURITIES> 12,296 <RECEIVABLES> 36,929 <ALLOWANCES> 2,665 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 675,821 <DEPRECIATION> 123,649 <TOTAL-ASSETS> 980,347 <CURRENT-LIABILITIES> 122,744 <BONDS> 599,086 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 28 <OTHER-SE> 242,562 <TOTAL-LIABILITY-AND-EQUITY> 980,347 <SALES> 77,960 <TOTAL-REVENUES> 77,960 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 34,161 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 22,728 <INCOME-PRETAX> 21,071 <INCOME-TAX> 3,150 <INCOME-CONTINUING> 17,921 <DISCONTINUED> 0 <EXTRAORDINARY> 328 <CHANGES> 0 <NET-INCOME> 17,593 <EPS-PRIMARY> .36 <EPS-DILUTED> 0