<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 <PERIOD-START> JUL-01-1997 JAN-01-1997 <PERIOD-END> SEP-30-1997 JUN-30-1997 <CASH> 2,705 2,705 <SECURITIES> 9,537 9,537 <RECEIVABLES> 222,868 222,868 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 235,110 235,110 <PP&E> 12,967 12,967 <DEPRECIATION> (348) (348) <TOTAL-ASSETS> 247,729 247,729 <CURRENT-LIABILITIES> 210,929 210,929 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 36,800 36,800 <TOTAL-LIABILITY-AND-EQUITY> 247,729 247,729 <SALES> 22,742 45,298 <TOTAL-REVENUES> 22,742 45,298 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 8,040 16,633 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> 14,702 28,665 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 14,702 28,665 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 14,702 28,665 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0