<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 634,776 <SECURITIES> 0 <RECEIVABLES> 8,337,484 <ALLOWANCES> 178,159 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 8,804,362 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 401,773 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,402,589 <TOTAL-LIABILITY-AND-EQUITY> 8,804,362 <SALES> 0 <TOTAL-REVENUES> 422,074 <CGS> 0 <TOTAL-COSTS> 72,907 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 75,450 <INTEREST-EXPENSE> 12,131 <INCOME-PRETAX> 261,586 <INCOME-TAX> 0 <INCOME-CONTINUING> 261,586 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 261,586 <EPS-BASIC> .00 <EPS-DILUTED> .00