<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 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,532 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 15,137 <INCOME-TAX> 0 <INCOME-CONTINUING> 15,137 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 15,137 <EPS-PRIMARY> 1.20 <EPS-DILUTED> 0