<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 372,973 <SECURITIES> 61,706 <RECEIVABLES> 3,864,535 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,299,214 <PP&E> 6,339,761 <DEPRECIATION> (173,477) <TOTAL-ASSETS> 10,465,498 <CURRENT-LIABILITIES> 220,094 <BONDS> 9,426,471 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,010,000 <OTHER-SE> (191,067) <TOTAL-LIABILITY-AND-EQUITY> 10,465,498 <SALES> 0 <TOTAL-REVENUES> 1,362,056 <CGS> 0 <TOTAL-COSTS> 1,019,313 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 333,684 <INCOME-PRETAX> 9,059 <INCOME-TAX> 0 <INCOME-CONTINUING> 9,059 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,702 <EPS-BASIC> 0 <EPS-DILUTED> 0