<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEPTEMBER 30, 1998 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 4,162 <SECURITIES> 202,640 <RECEIVABLES> 1,499 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,705 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 208,346 <CURRENT-LIABILITIES> 190,723 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18,994 <OTHER-SE> (1,407) <TOTAL-LIABILITY-AND-EQUITY> 208,346 <SALES> 0 <TOTAL-REVENUES> 2,978 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 123 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,611 <INCOME-PRETAX> 244 <INCOME-TAX> 0 <INCOME-CONTINUING> 244 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 244 <EPS-PRIMARY> .10 <EPS-DILUTED> .10