<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Balance
Sheet, Statement of Operations, Staements of Cash Flows and Notes thereto
incorporated in Part II, Item 8 of this Form 10-K and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                         179,795
<SECURITIES>                                    16,143
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               195,938
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 195,938
<CURRENT-LIABILITIES>                           17,083
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,649
<OTHER-SE>                                     177,207
<TOTAL-LIABILITY-AND-EQUITY>                   193,938
<SALES>                                              0
<TOTAL-REVENUES>                               144,283
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               130,047
<LOSS-PROVISION>                                 5,988
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  8,248
<INCOME-TAX>                                  (12,592)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    20,840
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0