<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 32,718 <SECURITIES> 95 <RECEIVABLES> 2,282,231 <ALLOWANCES> 10,500 <INVENTORY> 0 <CURRENT-ASSETS> 61,438 <PP&E> 1,605,422 <DEPRECIATION> 30,907 <TOTAL-ASSETS> 4,041,269 <CURRENT-LIABILITIES> 57,761 <BONDS> 2,138,060 <PREFERRED-MANDATORY> 0 <PREFERRED> 11 <COMMON> 85 <OTHER-SE> 1,842,787 <TOTAL-LIABILITY-AND-EQUITY> 4,041,269 <SALES> 0 <TOTAL-REVENUES> 228,802 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 40,000 <LOSS-PROVISION> 3,000 <INTEREST-EXPENSE> 80,559 <INCOME-PRETAX> 106,135 <INCOME-TAX> 0 <INCOME-CONTINUING> 105,161 <DISCONTINUED> 0 <EXTRAORDINARY> 317 <CHANGES> 0 <NET-INCOME> 87,364 <EPS-BASIC> 1.03 <EPS-DILUTED> 1.02