<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM THE BALANCE
SHEET AT SEPTEMBER 30, 1996 AND THE STATEMENT OF OPERATIONS FOR THE THREE MONTHS
ENDED  SEPTEMBER  30,1996 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-31-1996 
<PERIOD-START>                                                      JUN-01-1996 
<PERIOD-END>                                                        SEP-30-1996 
<EXCHANGE-RATE>                                                               1 
<CASH>                                                                      347 
<SECURITIES>                                                                  0 
<RECEIVABLES>                                                                 0 
<ALLOWANCES>                                                                  0 
<INVENTORY>                                                                   0 
<CURRENT-ASSETS>                                                            347 
<PP&E>                                                                9,412,220 
<DEPRECIATION>                                                                0 
<TOTAL-ASSETS>                                                        9,412,567 
<CURRENT-LIABILITIES>                                                   411,812 
<BONDS>                                                                       0 
<PREFERRED-MANDATORY>                                                         0 
<PREFERRED>                                                                   0 
<COMMON>                                                              9,000,755 
<OTHER-SE>                                                                    0 
<TOTAL-LIABILITY-AND-EQUITY>                                          9,412,567 
<SALES>                                                                       0 
<TOTAL-REVENUES>                                                            697 
<CGS>                                                                         0 
<TOTAL-COSTS>                                                                 0 
<OTHER-EXPENSES>                                                         76,184 
<LOSS-PROVISION>                                                              0 
<INTEREST-EXPENSE>                                                       56,595 
<INCOME-PRETAX>                                                        (132,082)
<INCOME-TAX>                                                                  0 
<INCOME-CONTINUING>                                                           0 
<DISCONTINUED>                                                                0 
<EXTRAORDINARY>                                                               0 
<CHANGES>                                                                     0 
<NET-INCOME>                                                           (132,082)
<EPS-PRIMARY>                                                                 0 
<EPS-DILUTED>                                                                 0