<ARTICLE> 5
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-START>                             APR-01-1997             JAN-01-1997
<PERIOD-END>                               JUN-30-1997             JUN-30-1997
<CASH>                                           2,682                   2,682
<SECURITIES>                                     9,583                   9,583
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<PP&E>                                          11,810                  11,810
<DEPRECIATION>                                   (270)                   (270)
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<CURRENT-LIABILITIES>                          210,858                 210,858
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<TOTAL-LIABILITY-AND-EQUITY>                   232,956                 232,956
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<TOTAL-REVENUES>                                21,513                  22,557
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<INCOME-TAX>                                         0                       0
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<EPS-PRIMARY>                                        0                       0
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