<ARTICLE> 5

                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1999
<PERIOD-START>                             JAN-01-1998             JAN-01-1999
<PERIOD-END>                               DEC-31-1998             DEC-31-1999
<CASH>                                      41,144,326              13,417,467
<SECURITIES>                               232,401,789             285,662,709
<RECEIVABLES>                               19,082,921              27,000,000
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                           295,930,620             330,180,460
<PP&E>                                               0                       0
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                             295,930,620             330,180,460
<CURRENT-LIABILITIES>                      145,026,041             225,637,739
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       104,158                 104,158
<OTHER-SE>                                 150,800,421             104,438,563
<TOTAL-LIABILITY-AND-EQUITY>               295,930,620             330,180,460
<SALES>                                              0                       0
<TOTAL-REVENUES>                            17,927,502              23,473,849
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                             2,609,827               2,761,652
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                           5,359,633               7,920,648
<INCOME-PRETAX>                              1,588,235               5,142,589
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 1,588,235               5,142,589
<EPS-BASIC>                                       0.16                    0.68
<EPS-DILUTED>                                     0.16                    0.68