<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JUNE 30, 1999 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 3,441 <SECURITIES> 172,386 <RECEIVABLES> 1,175 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,659 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 177,045 <CURRENT-LIABILITIES> 159,695 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18,765 <OTHER-SE> (1,415) <TOTAL-LIABILITY-AND-EQUITY> 177,045 <SALES> 0 <TOTAL-REVENUES> 4,615 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 184 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,852 <INCOME-PRETAX> 579 <INCOME-TAX> 0 <INCOME-CONTINUING> 579 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 579 <EPS-BASIC> .25 <EPS-DILUTED> .25