
<TABLE> <S> <C>

<ARTICLE> 5                                                     
<LEGEND>
THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED
FEBRUARY 28, 1997 AND THE CONSOLIDATED BALANCE SHEET AS OF FEBRUARY 28, 1997 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               FEB-28-1997
<CASH>                                         145,738
<SECURITIES>                                    56,565
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                      1,057
<CURRENT-ASSETS>                               208,014
<PP&E>                                         209,824
<DEPRECIATION>                                   4,016
<TOTAL-ASSETS>                                 473,291
<CURRENT-LIABILITIES>                           16,523
<BONDS>                                        221,829
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           157
<OTHER-SE>                                     191,607
<TOTAL-LIABILITY-AND-EQUITY>                   473,291
<SALES>                                              0
<TOTAL-REVENUES>                                 2,507
<CGS>                                                0
<TOTAL-COSTS>                                    1,726
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,170
<INCOME-PRETAX>                                  1,153
<INCOME-TAX>                                        86
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,123
<EPS-PRIMARY>                                     0.07
<EPS-DILUTED>                                     0.07
        

</TABLE>
