<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 267,357 <SECURITIES> 120,834 <RECEIVABLES> 55,670 <ALLOWANCES> 4,258 <INVENTORY> 5,181 <CURRENT-ASSETS> 469,823 <PP&E> 654,185 <DEPRECIATION> 88,933 <TOTAL-ASSETS> 1,131,650 <CURRENT-LIABILITIES> 92,988 <BONDS> 929,571 <PREFERRED-MANDATORY> 0 <PREFERRED> 393,618 <COMMON> 700 <OTHER-SE> (285,227) <TOTAL-LIABILITY-AND-EQUITY> 1,131,650 <SALES> 0 <TOTAL-REVENUES> 195,552 <CGS> 0 <TOTAL-COSTS> 179,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 2,349 <INTEREST-EXPENSE> 82,315 <INCOME-PRETAX> (199,417) <INCOME-TAX> 0 <INCOME-CONTINUING> (224,398) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (224,398) <EPS-PRIMARY> (7.00) <EPS-DILUTED> 0