<ARTICLE> 5 <CIK> 0001058870 <NAME> THE RESORT AT SUMMERLIN, LIMITED PARTNERSHIP <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 117,884,859 <SECURITIES> 0 <RECEIVABLES> 150,961 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 123,254,348 <PP&E> 150,768,946 <DEPRECIATION> 416,451 <TOTAL-ASSETS> 304,916,448 <CURRENT-LIABILITIES> 21,086,908 <BONDS> 207,261,809 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 74,067,691 <OTHER-SE> (12,717,081) <TOTAL-LIABILITY-AND-EQUITY> 304,916,448 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,013,269 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 16,705,042 <INCOME-PRETAX> (12,018,335) <INCOME-TAX> 0 <INCOME-CONTINUING> (12,018,335) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (12,018,335) <EPS-PRIMARY> 0 <EPS-DILUTED> 0