<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 403,069 <SECURITIES> 0 <RECEIVABLES> 6,661,178 <ALLOWANCES> 303,249 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,883,841 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 15,676 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,868,165 <TOTAL-LIABILITY-AND-EQUITY> 7,883,841 <SALES> 0 <TOTAL-REVENUES> 150,583 <CGS> 0 <TOTAL-COSTS> 25,204 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 125,379 <INCOME-TAX> 0 <INCOME-CONTINUING> 125,379 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 125,379 <EPS-BASIC> .00 <EPS-DILUTED> .00