<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENTS OF FINANCIAL POSITION AND THE STATEMENTS OF OPERATIONS AND UNASSIGNED
DEFICIT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<DEBT-HELD-FOR-SALE>                     1,242,033,780
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                 116,789,936
<MORTGAGE>                                 415,927,088
<REAL-ESTATE>                               24,792,423
<TOTAL-INVEST>                           1,799,543,227
<CASH>                                     (7,449,538)
<RECOVER-REINSURE>                             382,866
<DEFERRED-ACQUISITION>                               0
<TOTAL-ASSETS>                           9,455,323,503
<POLICY-LOSSES>                          1,779,134,485
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                       28,165,401
<NOTES-PAYABLE>                             51,168,673
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     2,500,000
<OTHER-SE>                                 325,342,718
<TOTAL-LIABILITY-AND-EQUITY>             9,455,323,503
<PREMIUMS>                                 452,275,781
<INVESTMENT-INCOME>                         64,412,527
<INVESTMENT-GAINS>                         (1,007,710)
<OTHER-INCOME>                             261,862,698
<BENEFITS>                                 611,113,402
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                              1,955,213
<INCOME-TAX>                                 (378,747)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,333,960
<EPS-BASIC>                                        0
<EPS-DILUTED>                                        0
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0