<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SECOND QUARTER 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <CASH> 4,898 <SECURITIES> 189,567 <RECEIVABLES> 29,882 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 224,666 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 220,036 <TOTAL-LIABILITY-AND-EQUITY> 224,666 <SALES> 0 <TOTAL-REVENUES> 9,410 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,376 <LOSS-PROVISION> 37 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 7,997 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,997 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,997 <EPS-PRIMARY> .64 <EPS-DILUTED> 0