<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 2,781<F1> <SECURITIES> 0 <RECEIVABLES> 8,253 <ALLOWANCES> (291) <INVENTORY> 77,947 <CURRENT-ASSETS> 0 <PP&E> 3,547 <DEPRECIATION> 2,460 <TOTAL-ASSETS> 145,038 <CURRENT-LIABILITIES> 0 <BONDS> 78,315 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 43,288 <TOTAL-LIABILITY-AND-EQUITY> 145,038 <SALES> 21,162 <TOTAL-REVENUES> 36,212 <CGS> 16,367 <TOTAL-COSTS> 21,196 <OTHER-EXPENSES> 13,560 <LOSS-PROVISION> 387 <INTEREST-EXPENSE> 3,609 <INCOME-PRETAX> (2,979) <INCOME-TAX> 606 <INCOME-CONTINUING> (3,585) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,585) <EPS-PRIMARY> (.35) <EPS-DILUTED> (.35) <FN> <F1>Balance includes $508 of restricted cash. </FN>