<ARTICLE> 5

                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-2000
<PERIOD-START>                             JAN-01-1999             JAN-01-2000
<PERIOD-END>                               DEC-31-1999             MAR-31-2000
<CASH>                                      13,417,467              10,074,856
<SECURITIES>                               236,014,844             211,980,452
<RECEIVABLES>                               27,000,000              24,543,070
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                           330,180,460             289,066,614
<PP&E>                                               0                       0
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                             330,180,460             289,066,614
<CURRENT-LIABILITIES>                      225,637,739             197,978,744
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       104,158                 104,158
<OTHER-SE>                                 104,438,563              90,983,712
<TOTAL-LIABILITY-AND-EQUITY>               330,180,460             289,066,614
<SALES>                                              0                       0
<TOTAL-REVENUES>                            23,473,849               6,323,328
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                             2,761,652                 617,607
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                           7,920,648               2,972,809
<INCOME-PRETAX>                              5,142,589             (2,128,192)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 5,142,589             (2,128,192)
<EPS-BASIC>                                       0.68                  (0.39)
<EPS-DILUTED>                                     0.68                  (0.39)