<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ANNUAL REPORT ON FORM 10-K. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 656 <SECURITIES> 14,106 <RECEIVABLES> 23,623 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 38,385 <CURRENT-LIABILITIES> 795 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 37,590 <TOTAL-LIABILITY-AND-EQUITY> 38,385 <SALES> 0 <TOTAL-REVENUES> 3,445 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 541 <LOSS-PROVISION> 146 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,758 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,758 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,758 <EPS-PRIMARY> .27 <EPS-DILUTED> 0