<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FINANCIAL STATEMENTS FILED FOR THE QUARTER ENDED NOVEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1996 <PERIOD-END> NOV-30-1996 <CASH> 3,616 <SECURITIES> 0 <RECEIVABLES> 5,741 <ALLOWANCES> 2,217 <INVENTORY> 0 <CURRENT-ASSETS> 15,141 <PP&E> 324,736 <DEPRECIATION> 126,373 <TOTAL-ASSETS> 237,235 <CURRENT-LIABILITIES> 27,435 <BONDS> 207,503 <PREFERRED-MANDATORY> 61,963 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 237,235 <SALES> 0 <TOTAL-REVENUES> 14,131 <CGS> 0 <TOTAL-COSTS> 11,269 <OTHER-EXPENSES> 2,090 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,094 <INCOME-PRETAX> 772 <INCOME-TAX> 301 <INCOME-CONTINUING> 471 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 471 <EPS-PRIMARY> .01 <EPS-DILUTED> .01