<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 <PERIOD-START> APR-01-1997 JAN-01-1997 <PERIOD-END> JUN-30-1997 JUN-30-1997 <CASH> 2,682 2,682 <SECURITIES> 9,583 9,583 <RECEIVABLES> 209,151 209,151 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 221,416 221,416 <PP&E> 11,810 11,810 <DEPRECIATION> (270) (270) <TOTAL-ASSETS> 232,956 232,956 <CURRENT-LIABILITIES> 210,858 210,858 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 22,098 22,098 <TOTAL-LIABILITY-AND-EQUITY> 232,956 232,956 <SALES> 21,513 22,557 <TOTAL-REVENUES> 21,513 22,557 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 4,759 8,594 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> 16,754 13,963 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 16,754 13,963 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 16,754 13,963 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0