<ARTICLE> 5 <PERIOD-TYPE> 6-mos <FISCAL-YEAR-END> dec-31-1997 <PERIOD-START> jan-01-1997 <PERIOD-END> jun-30-1997 <CASH> 214,343 <SECURITIES> 0 <RECEIVABLES> 18,950 <ALLOWANCES> 22,067 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 368,981 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 225,663 <TOTAL-LIABILITY-AND-EQUITY> 368,981 <SALES> 0 <TOTAL-REVENUES> 78,466 <CGS> 0 <TOTAL-COSTS> 25,094 <OTHER-EXPENSES> 8,124 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,655 <INCOME-PRETAX> 38,593 <INCOME-TAX> 0 <INCOME-CONTINUING> 38,593 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 38,593 <EPS-PRIMARY> 0 <EPS-DILUTED> 0