<ARTICLE>                5
<LEGEND>
This schedule contains summary financial information primarily extracted from
Capita Preferred Funding L.P.'s unaudited consolidated income statement and
balance sheet as of and for the three months ended March 31, 1998 and is
qualified in its entirety by reference to such unaudited consolidated financial
statements.
</LEGEND>
<MULTIPLIER>              1,000
       
                                  
<PERIOD-TYPE>                              3-MOS
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-END>                         MAR-31-1998
<CASH>                                         0
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                           2,434<F2>
<PP&E>                                         0
<DEPRECIATION>                                 0<F1>
<TOTAL-ASSETS>                           242,580
<CURRENT-LIABILITIES>                          0<F2>
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                              206,186
<COMMON>                                  36,394
<OTHER-SE>                                     0
<TOTAL-LIABILITY-AND-EQUITY>             242,580
<SALES>                                        0
<TOTAL-REVENUES>                           5,362
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                            5,362
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                        5,362
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                               5,362
<EPS-PRIMARY>                                  0
<EPS-DILUTED>                                  0
        
<FN>
<F1>Accumulated depreciation relates to equipment under operating leases.
<F2>This item is not applicable since the Company does not prepare
    a classified balance sheet.
</FN>