<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 17,940 <SECURITIES> 68,021 <RECEIVABLES> 694,552 <ALLOWANCES> 0 <INVENTORY> 126,016 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,109,651 <CURRENT-LIABILITIES> 0 <BONDS> 930,969 <PREFERRED-MANDATORY> 26,323 <PREFERRED> 0 <COMMON> 83 <OTHER-SE> 89,706 <TOTAL-LIABILITY-AND-EQUITY> 1,109,651 <SALES> 11,018 <TOTAL-REVENUES> 92,452 <CGS> 8,971 <TOTAL-COSTS> 8,971 <OTHER-EXPENSES> 106,452 <LOSS-PROVISION> 5,562 <INTEREST-EXPENSE> 11,001 <INCOME-PRETAX> (39,534) <INCOME-TAX> 5,032 <INCOME-CONTINUING> (44,566) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 835 <NET-INCOME> (46,667) <EPS-BASIC> (5.63) <EPS-DILUTED> (5.63)