<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACCTED
FROM THE ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED
DECEMBER 31, 1997 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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                          14,718
<SECURITIES>                                   159,710
<RECEIVABLES>                                   29,022
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 203,450
<CURRENT-LIABILITIES>                           15,768
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     187,682
<TOTAL-LIABILITY-AND-EQUITY>                   203,450
<SALES>                                              0
<TOTAL-REVENUES>                                17,669
<CGS>                                                0
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<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 15,137
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             15,137
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<EXTRAORDINARY>                                      0
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<NET-INCOME>                                    15,137
<EPS-PRIMARY>                                     1.20
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