<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MARCH 31, 198 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          42,308
<SECURITIES>                                         0
<RECEIVABLES>                                1,048,678
<ALLOWANCES>                                         0
<INVENTORY>                                    145,167
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,469,136
<CURRENT-LIABILITIES>                                0
<BONDS>                                      1,267,798
<PREFERRED-MANDATORY>                           41,908
<PREFERRED>                                          0
<COMMON>                                            66
<OTHER-SE>                                     119,473
<TOTAL-LIABILITY-AND-EQUITY>                 1,469,136
<SALES>                                         16,976
<TOTAL-REVENUES>                                55,905
<CGS>                                           13,879
<TOTAL-COSTS>                                   13,879
<OTHER-EXPENSES>                                31,316
<LOSS-PROVISION>                                 2,352
<INTEREST-EXPENSE>                               3,418
<INCOME-PRETAX>                                  4,940
<INCOME-TAX>                                     (641)
<INCOME-CONTINUING>                              5,581
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,281
<EPS-PRIMARY>                                     0.66
<EPS-DILUTED>                                     0.64