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

</LEGEND>
<MULTIPLIER> 1
       
                        
<PERIOD-TYPE>              12-MOS
<FISCAL-YEAR-END>                           DEC-31-1997
<PERIOD-END>                                DEC-31-1997
<CASH>                                       37,541,122
<SECURITIES>                                          0
<RECEIVABLES>                               105,631,611
<ALLOWANCES>                                          0
<INVENTORY>                                           0
<CURRENT-ASSETS>                             40,821,078
<PP&E>                                       58,741,448
<DEPRECIATION>                                        0
<TOTAL-ASSETS>                              249,973,700
<CURRENT-LIABILITIES>                         9,763,109
<BONDS>                                      56,755,000
<COMMON>                                        169,965
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<OTHER-SE>                                  180,988,331
<TOTAL-LIABILITY-AND-EQUITY>                249,973,700
<SALES>                                               0
<TOTAL-REVENUES>                              9,085,510
<CGS>                                                 0
<TOTAL-COSTS>                                   659,868
<OTHER-EXPENSES>                              3,159,558
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                                    0
<INCOME-PRETAX>                               5,266,084
<INCOME-TAX>                                  2,213,007
<INCOME-CONTINUING>                           3,053,077
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                  3,053,077
<EPS-PRIMARY>                                      0.18
<EPS-DILUTED>                                      0.18