<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 11,597 <SECURITIES> 149,895 <RECEIVABLES> 668,093 <ALLOWANCES> (13,254) <INVENTORY> 29,280 <CURRENT-ASSETS> 0 <PP&E> 8,274,857 <DEPRECIATION> (1,344,312) <TOTAL-ASSETS> 8,740,742 <CURRENT-LIABILITIES> 0 <BONDS> 5,699,928 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,083 <OTHER-SE> 1,225,823 <TOTAL-LIABILITY-AND-EQUITY> 8,740,742 <SALES> 0 <TOTAL-REVENUES> 1,947,153 <CGS> 0 <TOTAL-COSTS> 1,616,118 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,002 <INTEREST-EXPENSE> 142,016 <INCOME-PRETAX> 188,017 <INCOME-TAX> 77,553 <INCOME-CONTINUING> 110,464 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 110,464 <EPS-PRIMARY> 1.02 <EPS-DILUTED> 1.02