<ARTICLE>                     5
<MULTIPLIER>                                  1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-END>                                   SEP-30-1996
<CASH>                                         (17,190)
<SECURITIES>                                   477,486
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0



<CURRENT-ASSETS>                               477,485
<PP&E>                                       1,089,146
<DEPRECIATION>                                  (2,035)
<TOTAL-ASSETS>                               3,776,264
<CURRENT-LIABILITIES>                          118,606
<BONDS>                                        527,722
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   2,414,965
<TOTAL-LIABILITY-AND-EQUITY>                 3,776,264
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                  165,011
<OTHER-EXPENSES>                                   570
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              (4,043)
<INCOME-PRETAX>                               (252,682)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (252,682)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (252,682)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0