<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted fromthe Form 10-QSB Consolidated Balance Sheet as of March 31, 1996 and the Consolidated Statement of Earnings for the Three Month Period Ended March 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 5,642 <SECURITIES> 0 <RECEIVABLES> 584 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,862 <PP&E> 58,391 <DEPRECIATION> 268 <TOTAL-ASSETS> 89,268 <CURRENT-LIABILITIES> 5,604 <BONDS> 36,563 <PREFERRED-MANDATORY> 0 <PREFERRED> 266 <COMMON> 35 <OTHER-SE> 42,222 <TOTAL-LIABILITY-AND-EQUITY> 89,268 <SALES> 0 <TOTAL-REVENUES> 899 <CGS> 0 <TOTAL-COSTS> 73 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 26 <INCOME-PRETAX> 76 <INCOME-TAX> 29 <INCOME-CONTINUING> 47 <DISCONTINUED> 580 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 627 <EPS-PRIMARY> 0.17 <EPS-DILUTED> 0