<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JUL-01-2000 <PERIOD-END> SEP-30-2000 <CASH> 119 <SECURITIES> 561,597 <RECEIVABLES> 3,565 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 120 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 565,401 <CURRENT-LIABILITIES> 516,970 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 67 <OTHER-SE> 48,364 <TOTAL-LIABILITY-AND-EQUITY> 565,401 <SALES> 0 <TOTAL-REVENUES> (20,147) <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 680 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,600 <INCOME-PRETAX> (28,427) <INCOME-TAX> 0 <INCOME-CONTINUING> (28,427) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (28,427) <EPS-BASIC> (4.94) <EPS-DILUTED> (4.94)