<ARTICLE>      5
<LEGEND>       THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
               THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED
               IN ITS ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                                  
<PERIOD-TYPE>                        6-MOS
<FISCAL-YEAR-END>                    DEC-31-2000
<PERIOD-START>                       Jan-01-2000
<PERIOD-END>                         Jun-30-2000
<CASH>                                 194,973
<SECURITIES>                           114,908
<RECEIVABLES>                            2,272
<ALLOWANCES>                                 0
<INVENTORY>                                  0
<CURRENT-ASSETS>                       312,153
<PP&E>                                  37,995
<DEPRECIATION>                               0
<TOTAL-ASSETS>                         354,658
<CURRENT-LIABILITIES>                    9,461
<BONDS>                                      0
<PREFERRED-MANDATORY>                        0
<PREFERRED>                                  0
<COMMON>                                   199
<OTHER-SE>                             185,471
<TOTAL-LIABILITY-AND-EQUITY>           354,658
<SALES>                                 28,343
<TOTAL-REVENUES>                        35,864
<CGS>                                        0
<TOTAL-COSTS>                                0
<OTHER-EXPENSES>                        30,073
<LOSS-PROVISION>                             0
<INTEREST-EXPENSE>                       3,460
<INCOME-PRETAX>                          5,791
<INCOME-TAX>                                 0
<INCOME-CONTINUING>                      5,791
<DISCONTINUED>                               0
<EXTRAORDINARY>                              0
<CHANGES>                                    0
<NET-INCOME>                             5,791
<EPS-BASIC>                             0.30
<EPS-DILUTED>                             0.27