<ARTICLE> 5
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                            3645
<SECURITIES>                                   3233157
<RECEIVABLES>                                   486657
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               3746012
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 3746012
<CURRENT-LIABILITIES>                          3119600
<BONDS>                                         370549
<COMMON>                                           201
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   3746012
<SALES>                                              0
<TOTAL-REVENUES>                                185905
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 16530
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              125554
<INCOME-PRETAX>                                  43821
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     43821
<EPS-PRIMARY>                                     2.22
<EPS-DILUTED>                                     2.22