<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> APR-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 3,414 <SECURITIES> 572,126 <RECEIVABLES> 3,675 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 344 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 579,559 <CURRENT-LIABILITIES> 531,223 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 67 <OTHER-SE> 48,269 <TOTAL-LIABILITY-AND-EQUITY> 579,559 <SALES> 0 <TOTAL-REVENUES> 3,716 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 241 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,590 <INCOME-PRETAX> (5,115) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,115) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,115) <EPS-BASIC> (0.89) <EPS-DILUTED> (0.89)