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

  

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF LSP-COTTAGE GROVE, L.P. AS OF AND FOR THE THREE MONTHS
ENDED MARCH 31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          28,761
<SECURITIES>                                         0
<RECEIVABLES>                                    4,556
<ALLOWANCES>                                         0
<INVENTORY>                                        896
<CURRENT-ASSETS>                                34,377
<PP&E>                                              45
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 275,280
<CURRENT-LIABILITIES>                           10,765
<BONDS>                                        155,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     109,515
<TOTAL-LIABILITY-AND-EQUITY>                   275,280
<SALES>                                              0
<TOTAL-REVENUES>                                10,061
<CGS>                                                0
<TOTAL-COSTS>                                    5,172
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,087
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,129
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0