<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF LSP-WHITEWATER LIMITED PARTNERSHIP 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>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                    5,407
<ALLOWANCES>                                         0
<INVENTORY>                                        657
<CURRENT-ASSETS>                                33,484
<PP&E>                                           9,269
<DEPRECIATION>                                      69
<TOTAL-ASSETS>                                 311,534
<CURRENT-LIABILITIES>                           13,146
<BONDS>                                        177,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     121,388
<TOTAL-LIABILITY-AND-EQUITY>                   311,534
<SALES>                                              0
<TOTAL-REVENUES>                                12,051
<CGS>                                                0
<TOTAL-COSTS>                                    7,002
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,517
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,829
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0