<ARTICLE> 5 <LEGEND> This Schedule contains summary financial information extracted from the financial statements contained in the body of the accompanying Form 10-K and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 11,441 <SECURITIES> 53,617 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 107,637 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 227,213 <CURRENT-LIABILITIES> 0 <BONDS> 96,671 <PREFERRED-MANDATORY> 53,617 <PREFERRED> 0 <COMMON> 49 <OTHER-SE> 74,164 <TOTAL-LIABILITY-AND-EQUITY> 227,213 <SALES> 70,940 <TOTAL-REVENUES> 112,899 <CGS> 51,430 <TOTAL-COSTS> 51,430 <OTHER-EXPENSES> 26,176 <LOSS-PROVISION> 2,029 <INTEREST-EXPENSE> 13,872 <INCOME-PRETAX> 19,392 <INCOME-TAX> (16,013) <INCOME-CONTINUING> 35,405 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,696 <EPS-PRIMARY> 5.63 <EPS-DILUTED> 5.63