<ARTICLE> 5
<LEGEND> This Schedule contains summary financial information
extracted from the consolidated balance sheets and consolidated
statements of income and is qualified in its entirety by
reference to such financial statements.

       
                        
<PERIOD-TYPE>               6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<CASH>                                          24,755
<SECURITIES>                                     2,344
<RECEIVABLES>                                   12,253      
<ALLOWANCES>                                     5,018   
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       1,119,746    
<DEPRECIATION>                                  93,869   
<TOTAL-ASSETS>                               1,100,199    
<CURRENT-LIABILITIES>                                0
<BONDS>                                        401,407   
<COMMON>                                       726,206    
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                    (59,556)
<TOTAL-LIABILITY-AND-EQUITY>                 1,100,199
<SALES>                                              0
<TOTAL-REVENUES>                                98,930
<CGS>                                                0
<TOTAL-COSTS>                                   45,344   
<OTHER-EXPENSES>                                   998 
<LOSS-PROVISION>                                 1,544  
<INTEREST-EXPENSE>                              12,946     
<INCOME-PRETAX>                                 38,168  
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             38,168
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    38,168  
<EPS-PRIMARY>                                      .66
<EPS-DILUTED>                                      .66