<ARTICLE> 5 <LEGEND> This schedule contains summary information extracted from the Registrant Company Balance Sheets for December 31, 1998 and 1999 and Statements of Operations for the years ended December 31, 1998 and 1999 and is qualified in its entirely by reference to such financial statements. </LEGEND> <CIK> 0000724332 <NAME> PHOENIX ASSOCIATES <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1999 <PERIOD-START> JAN-01-1998 JAN-01-1999 <PERIOD-END> DEC-31-1998 DEC-31-1999 <CASH> 0 0 <SECURITIES> 0 0 <RECEIVABLES> 57 215 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 57 215 <PP&E> 0 0 <DEPRECIATION> 0 0 <TOTAL-ASSETS> 4,413 4,344 <CURRENT-LIABILITIES> 3,841 4,017 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> (104,993) (105,238) <TOTAL-LIABILITY-AND-EQUITY> 4,413 4,344 <SALES> 0 0 <TOTAL-REVENUES> 0 0 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 12,351 10,866 <INCOME-PRETAX> (12,412) (10,866) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (12,412) (10,866) <DISCONTINUED> 0 0 <EXTRAORDINARY> 100 0 <CHANGES> 0 0 <NET-INCOME> (12,312) (10,866) <EPS-BASIC> 0.00 0.00 <EPS-DILUTED> 0.00 0.00