<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 14,033 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 349,330 <DEPRECIATION> (28,874) <TOTAL-ASSETS> 342,025 <CURRENT-LIABILITIES> 198,711 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,124 <OTHER-SE> 134,922 <TOTAL-LIABILITY-AND-EQUITY> 342,025 <SALES> 0 <TOTAL-REVENUES> 19,801 <CGS> 0 <TOTAL-COSTS> 11,341 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,142 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,199 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,199 <EPS-PRIMARY> .20 <EPS-DILUTED> .20