<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>                                        6-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   JUN-30-1999
<CASH>                                               7,907
<SECURITIES>                                        84,650
<RECEIVABLES>                                        3,057
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                    95,614
<PP&E>                                               1,481
<DEPRECIATION>                                       (524)
<TOTAL-ASSETS>                                      98,456
<CURRENT-LIABILITIES>                               11,463
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                                96
<OTHER-SE>                                          86,896
<TOTAL-LIABILITY-AND-EQUITY>                        98,456
<SALES>                                              8,720
<TOTAL-REVENUES>                                    22,166
<CGS>                                                    0
<TOTAL-COSTS>                                        7,875
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                      30
<INCOME-PRETAX>                                     14,261
<INCOME-TAX>                                         6,179
<INCOME-CONTINUING>                                  8,082
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                         8,082
<EPS-BASIC>                                           0.87
<EPS-DILUTED>                                         0.87