WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


 
<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                             314
<SECURITIES>                                   [BLANK]
<RECEIVABLES>                                  [BLANK]
<ALLOWANCES>                                   [BLANK]
<INVENTORY>                                    [BLANK]
<CURRENT-ASSETS>                               [BLANK]
<PP&E>                                         [BLANK]
<DEPRECIATION>                                 [BLANK]
<TOTAL-ASSETS>                                  15,983
<CURRENT-LIABILITIES>                          [BLANK]
<BONDS>                                        [BLANK]
<PREFERRED-MANDATORY>                          [BLANK]
<PREFERRED>                                    [BLANK]
<COMMON>                                            17
<OTHER-SE>                                   (164,771)
<TOTAL-LIABILITY-AND-EQUITY>                    15,983
<SALES>                                        [BLANK]
<TOTAL-REVENUES>                                   267
<CGS>                                          [BLANK]
<TOTAL-COSTS>                                  [BLANK]
<OTHER-EXPENSES>                                    56
<LOSS-PROVISION>                               [BLANK]
<INTEREST-EXPENSE>                               3,290
<INCOME-PRETAX>                                (3,079)
<INCOME-TAX>                                         9
<INCOME-CONTINUING>                            (3,088)
<DISCONTINUED>                                 [BLANK]
<EXTRAORDINARY>                                [BLANK]
<CHANGES>                                      [BLANK]
<NET-INCOME>                                   (3,088)
<EPS-PRIMARY>                                   (1.78)
<EPS-DILUTED>                                   (1.78)