<ARTICLE> 5
<MULTIPLIER> 1

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                      30,893,014
<SECURITIES>                                12,441,939
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                 16,490,307
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              76,813,953
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        78,035
<OTHER-SE>                                  60,338,194
<TOTAL-LIABILITY-AND-EQUITY>                76,813,953
<SALES>                                              0
<TOTAL-REVENUES>                           (5,249,894)
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            10,156,541
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,401,630
<INCOME-PRETAX>                           (18,452,123)
<INCOME-TAX>                                    67,673
<INCOME-CONTINUING>                       (18,519,796)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                            416,094,747
<CHANGES>                                            0
<NET-INCOME>                               397,574,951<F2>
<EPS-BASIC>                                          0<F3>
<EPS-DILUTED>                                        0<F3>
<FN>
<F1>The Company makes use of an unclassified balance sheet style due to the
nature of its business. Current Assets and Current Liabilities are therefore
reflected as zero in accordance with the instructions of Appendix E to the EDGAR
Filer Manual.
<F2>Net income represents net earnings applicable to common stock.
<F3> EPS amounts, as they relate to the Predecessor Company, are not meaningful
due to the reorganization. See Note 7, "Earnings Per Share".
</FN>