<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM THE BALANCE
SHEET AT SEPTEMBER 30, 1997 AND THE STATEMENT OF OPERATIONS FOR THE THREE MONTHS
ENDED  SEPTEMBER  30, 1997 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-31-1997
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               SEP-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                          86,441
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                86,441
<PP&E>                                       9,144,212
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               9,230,653
<CURRENT-LIABILITIES>                          336,054
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     8,894,599
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 9,230,653
<SALES>                                              0
<TOTAL-REVENUES>                                 1,474
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                48,138
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,989
<INCOME-PRETAX>                               (53,653)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (53,653)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0