<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> MAR-31-1997 <CASH> 9,555 <SECURITIES> 0 <RECEIVABLES> 326 <ALLOWANCES> 3,307 <INVENTORY> 0 <CURRENT-ASSETS> 742 <PP&E> 32,945 <DEPRECIATION> 0 <TOTAL-ASSETS> 40,261 <CURRENT-LIABILITIES> 1,646 <BONDS> 8,245 <COMMON> 5,137 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 25,233 <TOTAL-LIABILITY-AND-EQUITY> 40,261 <SALES> 0 <TOTAL-REVENUES> 4,926 <CGS> 0 <TOTAL-COSTS> 2,200 <OTHER-EXPENSES> 1,168 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 656 <INCOME-PRETAX> 902 <INCOME-TAX> 0 <INCOME-CONTINUING> 902 <DISCONTINUED> 0 <EXTRAORDINARY> 7,170 <CHANGES> 0 <NET-INCOME> 8,072 <EPS-PRIMARY> 1.57 <EPS-DILUTED> 1.57