<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 434,526 <SECURITIES> 0 <RECEIVABLES> 353 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 707,439 <PP&E> 2,778,004 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,513,306 <CURRENT-LIABILITIES> 1,726,833 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 62,523 <OTHER-SE> 1,498,899 <TOTAL-LIABILITY-AND-EQUITY> 3,513,306 <SALES> 0 <TOTAL-REVENUES> 2,009 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 231,774 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 50,528 <INCOME-PRETAX> (1,242,917) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,242,917) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,242,917) <EPS-BASIC> (.02) <EPS-DILUTED> (.02)