<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 766,718 <SECURITIES> 0 <RECEIVABLES> 67,065 <ALLOWANCES> 32,623 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,370,652 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,482,849 <TOTAL-LIABILITY-AND-EQUITY> 2,370,652 <SALES> 0 <TOTAL-REVENUES> 708,965 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 280,434 <LOSS-PROVISION> 4,995 <INTEREST-EXPENSE> 32,450 <INCOME-PRETAX> 391,086 <INCOME-TAX> 0 <INCOME-CONTINUING> 391,086 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 391,086 <EPS-PRIMARY> 0 <EPS-DILUTED> 0