<ARTICLE> 5
<LEGEND> This Schedule contains summary financial information
extracted from the consolidated balance sheets and consolidated
statements of operations and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
       
                                
<PERIOD-TYPE>                       9-MOS
<FISCAL-YEAR-END>                   DEC-31-1996
<PERIOD-END>                        SEP-30-1997
<CASH>                              12,249,645
<SECURITIES>                                 0
<RECEIVABLES>                      147,442,460
<ALLOWANCES>                                 0
<INVENTORY>                                  0
<CURRENT-ASSETS>                    14,232,584
<PP&E>                              21,864,426
<DEPRECIATION>                               0
<TOTAL-ASSETS>                     214,402,326
<CURRENT-LIABILITIES>                6,667,004
<BONDS>                             24,755,000
<COMMON>                               169,118
<PREFERRED-MANDATORY>                        0
<PREFERRED>                                  0
<OTHER-SE>                         179,719,099
<TOTAL-LIABILITY-AND-EQUITY>       214,402,326
<SALES>                                      0
<TOTAL-REVENUES>                     5,544,979
<CGS>                                        0
<TOTAL-COSTS>                          585,819
<OTHER-EXPENSES>                     1,521,124
<LOSS-PROVISION>                             0
<INTEREST-EXPENSE>                           0
<INCOME-PRETAX>                      3,438,036
<INCOME-TAX>                         1,003,000
<INCOME-CONTINUING>                  2,435,036
<DISCONTINUED>                               0
<EXTRAORDINARY>                              0
<CHANGES>                                    0
<NET-INCOME>                         2,435,036
<EPS-PRIMARY>                             0.14
<EPS-DILUTED>                             0.14