<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q for the period ending June 30, 1997 and is qualified in its entirety by reference to such 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 4,021 <SECURITIES> 23,510 <RECEIVABLES> 0<F1> <ALLOWANCES> 0<F1> <INVENTORY> 0 <CURRENT-ASSETS> 46,527 <PP&E> 0<F1> <DEPRECIATION> 0<F1> <TOTAL-ASSETS> 131,905 <CURRENT-LIABILITIES> 7,853 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,500 <OTHER-SE> 105,175 <TOTAL-LIABILITY-AND-EQUITY> 131,905 <SALES> 0 <TOTAL-REVENUES> 38,048 <CGS> 0 <TOTAL-COSTS> 39,379 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0<F1> <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,064 <INCOME-TAX> 9,573 <INCOME-CONTINUING> (7,107) <DISCONTINUED> (2,342) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,449) <EPS-PRIMARY> (1.46) <EPS-DILUTED> 0<F2> <FN> <F1>Disclosure not required on interim financial statements <F2>Computation not applicable </FN>