<ARTICLE>  5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM THE BALANCE
SHEET AT MARCH 31, 2000 AND THE  STATEMENT  OF  OPERATIONS  FOR THE THREE MONTHS
ENDED MARCH  31,2000 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1000
<CURRENCY>    U.S. DOLLARS

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   MAR-31-2000
<EXCHANGE-RATE>                                          1
<CASH>                                             281,133
<SECURITIES>                                             0
<RECEIVABLES>                                        1,174
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                   282,307
<PP&E>                                           6,266,958
<DEPRECIATION>                                           0
<TOTAL-ASSETS>                                   6,549,265
<CURRENT-LIABILITIES>                               51,768
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                         6,497,497
<OTHER-SE>                                               0
<TOTAL-LIABILITY-AND-EQUITY>                     6,549,265
<SALES>                                                  0
<TOTAL-REVENUES>                                     4,488
<CGS>                                                    0
<TOTAL-COSTS>                                            0
<OTHER-EXPENSES>                                    26,864
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                       0
<INCOME-PRETAX>                                   (22,376)
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                      0
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                      (22,376)
<EPS-BASIC>                                              0
<EPS-DILUTED>                                            0