<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 538,540 <SECURITIES> 0 <RECEIVABLES> 46,220 <ALLOWANCES> 0 <INVENTORY> 36,076 <CURRENT-ASSETS> 643,806 <PP&E> 1,524,672 <DEPRECIATION> 58,367 <TOTAL-ASSETS> 4,107,043 <CURRENT-LIABILITIES> 264,928 <BONDS> 2,045,209 <PREFERRED-MANDATORY> 0 <PREFERRED> 11 <COMMON> 1,884 <OTHER-SE> 1,600,674 <TOTAL-LIABILITY-AND-EQUITY> 4,107,043 <SALES> 306,515 <TOTAL-REVENUES> 306,515 <CGS> 36,954 <TOTAL-COSTS> 36,954 <OTHER-EXPENSES> 159,115 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 43,436 <INCOME-PRETAX> 16,312 <INCOME-TAX> 10,411 <INCOME-CONTINUING> 5,901 <DISCONTINUED> 0 <EXTRAORDINARY> (788) <CHANGES> 0 <NET-INCOME> 5,113 <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)