<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE APRIL 30, 1988 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-END> APR-30-1998 <CASH> 33,936 <SECURITIES> 2006 <RECEIVABLES> 13,789 <ALLOWANCES> 7,229 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,408,740 <DEPRECIATION> 128,548 <TOTAL-ASSETS> 1,355,175 <CURRENT-LIABILITIES> 0 <BONDS> 555,431 <PREFERRED-MANDATORY> 0 <PREFERRED> 72,775 <COMMON> 752,403 <OTHER-SE> (65,502) <TOTAL-LIABILITY-AND-EQUITY> 1,355,175 <SALES> 0 <TOTAL-REVENUES> 184,833 <CGS> 0 <TOTAL-COSTS> 85,766 <OTHER-EXPENSES> 2,093 <LOSS-PROVISION> 2,986 <INTEREST-EXPENSE> 26,967 <INCOME-PRETAX> 66,961 <INCOME-TAX> 0 <INCOME-CONTINUING> 66,961 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 66,961 <EPS-PRIMARY> 1.06 <EPS-DILUTED> 1.05