<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> Dec-31-1999 <PERIOD-START> Jan-01-1999 <PERIOD-END> Dec-31-1998 <CASH> 1,120,295 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 6,127,544 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 303,249 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 15,676 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,030,346 <TOTAL-LIABILITY-AND-EQUITY> 8,046,022 <SALES> 0 <TOTAL-REVENUES> 1,086,317 <CGS> 0 <TOTAL-COSTS> 113,136 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 437,558 <INTEREST-EXPENSE> 14,714 <INCOME-PRETAX> 520,909 <INCOME-TAX> 0 <INCOME-CONTINUING> 520,909 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 520,909 <EPS-BASIC> .00 <EPS-DILUTED> .00