<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>                                           9,717
<SECURITIES>                                   176,606
<RECEIVABLES>                                   29,628
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 215,951
<CURRENT-LIABILITIES>                           11,264
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     204,687
<TOTAL-LIABILITY-AND-EQUITY>                   215,951
<SALES>                                              0
<TOTAL-REVENUES>                                18,610
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 2,676
<LOSS-PROVISION>                                   145  
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 15,789
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             15,789
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    15,789
<EPS-PRIMARY>                                     1.26
<EPS-DILUTED>                                        0