<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH QUARTERLY REPORT ON FORM 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 6,026 <SECURITIES> 141,668 <RECEIVABLES> 28,355 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 176,049 <CURRENT-LIABILITIES> 7,993 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 168,056 <TOTAL-LIABILITY-AND-EQUITY> 176,049 <SALES> 0 <TOTAL-REVENUES> 12,296 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,604 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 10,692 <INCOME-TAX> 0 <INCOME-CONTINUING> 10,692 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,692 <EPS-PRIMARY> .85 <EPS-DILUTED> 0