<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEC FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 26,054 <SECURITIES> 38,537<F4> <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 74 <CURRENT-ASSETS> 63,824 <PP&E> 30,971 <DEPRECIATION> 15,511 <TOTAL-ASSETS> 89,453 <CURRENT-LIABILITIES> 14,524 <BONDS> 52,120<F1> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 39 <OTHER-SE> 21,139<F2> <TOTAL-LIABILITY-AND-EQUITY> 89,453 <SALES> 92 <TOTAL-REVENUES> 5,066 <CGS> 58 <TOTAL-COSTS> 3,530<F3> <OTHER-EXPENSES> 11,377 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,982 <INCOME-PRETAX> (13,541) <INCOME-TAX> 0 <INCOME-CONTINUING> (13,541) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (13,541) <EPS-PRIMARY> (0.35) <EPS-DILUTED> (0.35) <FN> <F1>INCLUDES BONDS, MORTGAGES AND OTHER LONG-TERM DEBT, INCLUDING CAPITALIZED LEASES. <F2>INCLUDES ADDITIONAL PAID IN CAPITAL, OTHER ADDITIONAL CAPITAL AND RETAINED EARNINGS, APPROPRIATED AND UNAPPROPRIATED. <F3>PER CHIEF ACCOUNTANT AT THE SEC, THIS AMOUNT EXCLUDES SALES AND G&A EXPENSES, INCLUDES COSTS AND EXPENSES APPLICABLE TO SALES AND REVENUES, AND TANGIBLE COSTS OF GOODS SOLD. <F4>INCLUDES RESTRICTED CASH. </FN>