<ARTICLE> 5 <PERIOD-TYPE> 6-mos <FISCAL-YEAR-END> dec-31-1997 <PERIOD-START> jan-01-1997 <PERIOD-END> jun-30-1997 <CASH> 930,138 <SECURITIES> 0 <RECEIVABLES> 108,872 <ALLOWANCES> 15,552 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,541,909 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,322,745 <TOTAL-LIABILITY-AND-EQUITY> 4,541,909 <SALES> 0 <TOTAL-REVENUES> 843,557 <CGS> 0 <TOTAL-COSTS> 361,667 <OTHER-EXPENSES> 26,071 <LOSS-PROVISION> 4,162 <INTEREST-EXPENSE> 71,318 <INCOME-PRETAX> 380,339 <INCOME-TAX> 0 <INCOME-CONTINUING> 380,339 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 380,339 <EPS-PRIMARY> 0 <EPS-DILUTED> 0