<ARTICLE>  5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM REGISTRANT'S
FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31, 2000 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000

                                                  
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                                    DEC-31-2000
<PERIOD-END>                                         MAR-31-2000
<CASH>                                                  17,545
<SECURITIES>                                               277
<RECEIVABLES>                                            3,583
<ALLOWANCES>                                                 0
<INVENTORY>                                                  0
<CURRENT-ASSETS>                                        21,405
<PP&E>                                                       0
<DEPRECIATION>                                               0
<TOTAL-ASSETS>                                          21,405
<CURRENT-LIABILITIES>                                    4,582
<BONDS>                                                      0
<PREFERRED-MANDATORY>                                        0
<PREFERRED>                                                  0
<COMMON>                                               212,439
<OTHER-SE>                                            (104,616)
<TOTAL-LIABILITY-AND-EQUITY>                            21,405
<SALES>                                                      0
<TOTAL-REVENUES>                                         3,378
<CGS>                                                        0
<TOTAL-COSTS>                                            3,066
<OTHER-EXPENSES>                                             0
<LOSS-PROVISION>                                             0
<INTEREST-EXPENSE>                                         180
<INCOME-PRETAX>                                         14,225
<INCOME-TAX>                                                 0
<INCOME-CONTINUING>                                          0
<DISCONTINUED>                                               0
<EXTRAORDINARY>                                              0
<CHANGES>                                                    0
<NET-INCOME>                                            14,225
<EPS-BASIC>                                             1.08
<EPS-DILUTED>                                             1.08