<ARTICLE>         5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S QUARTERLY REPORT ON FORM 10Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO THE FINANCIAL STATEMENTS IN SUCH REPORT.
</LEGEND>


                                                                 
<PERIOD-TYPE>                                                     3-MOS
<FISCAL-YEAR-END>                                           DEC-31-2000
<PERIOD-START>                                              JAN-01-2000
<PERIOD-END>                                                MAR-31-2000
<CASH>                                                            1,674
<SECURITIES>                                                    102,111
<RECEIVABLES>                                                    13,119
<ALLOWANCES>                                                          0
<INVENTORY>                                                           0
<CURRENT-ASSETS>                                                116,904
<PP&E>                                                            2,388
<DEPRECIATION>                                                    (806)
<TOTAL-ASSETS>                                                  121,000
<CURRENT-LIABILITIES>                                            15,962
<BONDS>                                                               0
<PREFERRED-MANDATORY>                                                 0
<PREFERRED>                                                           0
<COMMON>                                                             91
<OTHER-SE>                                                      104,947
<TOTAL-LIABILITY-AND-EQUITY>                                    121,000
<SALES>                                                           6,069
<TOTAL-REVENUES>                                                 17,545
<CGS>                                                                 0
<TOTAL-COSTS>                                                     4,727
<OTHER-EXPENSES>                                                      0
<LOSS-PROVISION>                                                      0
<INTEREST-EXPENSE>                                                    0
<INCOME-PRETAX>                                                  12,818
<INCOME-TAX>                                                      5,411
<INCOME-CONTINUING>                                               7,407
<DISCONTINUED>                                                        0
<EXTRAORDINARY>                                                       0
<CHANGES>                                                             0
<NET-INCOME>                                                      7,407
<EPS-BASIC>                                                      0.82
<EPS-DILUTED>                                                      0.82