<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENTS OF ASSETS & LIABILITIES: STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 13,972,669 <SECURITIES> 2,797,008 <RECEIVABLES> 0 <ALLOWANCES> 179,000 <INVENTORY> 0 <CURRENT-ASSETS> 225,142,653 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 225,142,653 <CURRENT-LIABILITIES> 14,919,713 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 210,222,940 <TOTAL-LIABILITY-AND-EQUITY> 225,142,653 <SALES> 0 <TOTAL-REVENUES> 24,835,049 <CGS> 0 <TOTAL-COSTS> 11,555,460 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 6,062,543 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,062,543 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,062,543 <EPS-BASIC> 0 <EPS-DILUTED> 0