<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM THE BALANCE
SHEET AT JUNE 30, 1996 AND THE  STATEMENT  OF  OPERATIONS  FOR THE THREE  MONTHS
ENDED JUNE 30,  1996 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000
<CURRENCY>                                     U.S. Dollars
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1996 
<PERIOD-START>                                 APR-01-1996 
<PERIOD-END>                                   JUN-30-1996 
<EXCHANGE-RATE>                                          1 
<CASH>                                                 393 
<SECURITIES>                                             0 
<RECEIVABLES>                                            0 
<ALLOWANCES>                                             0 
<INVENTORY>                                              0 
<CURRENT-ASSETS>                                       393 
<PP&E>                                           9,413,027 
<DEPRECIATION>                                           0 
<TOTAL-ASSETS>                                   9,413,420 
<CURRENT-LIABILITIES>                              351,766 
<BONDS>                                                  0 
<PREFERRED-MANDATORY>                                    0 
<PREFERRED>                                              0 
<COMMON>                                         9,061,654 
<OTHER-SE>                                               0 
<TOTAL-LIABILITY-AND-EQUITY>                     9,413,420 
<SALES>                                                  0 
<TOTAL-REVENUES>                                       482 
<CGS>                                                    0 
<TOTAL-COSTS>                                            0 
<OTHER-EXPENSES>                                    25,584 
<LOSS-PROVISION>                                         0 
<INTEREST-EXPENSE>                                  45,598 
<INCOME-PRETAX>                                    (71,182)
<INCOME-TAX>                                             0 
<INCOME-CONTINUING>                                      0 
<DISCONTINUED>                                           0 
<EXTRAORDINARY>                                          0 
<CHANGES>                                                0 
<NET-INCOME>                                       (71,182)
<EPS-PRIMARY>                                            0 
<EPS-DILUTED>                                            0