<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION  EXTRACTED FROM THE
     BALANCE SHEET AT JUNE 30, 1998 AND THE STATEMENT OF OPERATIONS  FOR THE SIX
     MONTHS  ENDED JUNE 30,1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
     SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                     1,000
<CURRENCY>                                U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<EXCHANGE-RATE>                                      1
<CASH>                                           7,980
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 7,980
<PP&E>                                       9,146,812
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               9,154,792
<CURRENT-LIABILITIES>                          405,030
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     8,749,762
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 9,154,792
<SALES>                                              0
<TOTAL-REVENUES>                                 1,229
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                80,360
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              15,019
<INCOME-PRETAX>                               (94,151)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (94,151)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0