<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEPTEMBER 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> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 11,927 <SECURITIES> 158,887 <RECEIVABLES> 1,101 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 13,065 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 171,952 <CURRENT-LIABILITIES> 155,261 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18,765 <OTHER-SE> (2,100) <TOTAL-LIABILITY-AND-EQUITY> 171,952 <SALES> 0 <TOTAL-REVENUES> 6,965 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 299 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,773 <INCOME-PRETAX> 893 <INCOME-TAX> 0 <INCOME-CONTINUING> 893 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 893 <EPS-BASIC> 0.39 <EPS-DILUTED> 0.39