<ARTICLE> BD
        
                                                   
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1997
<PERIOD-START>                             JAN-01-1998             JAN-01-1997
<PERIOD-END>                               MAR-31-1998             MAR-31-1997
<CASH>                                          72,334                     958
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<PP&E>                                               0                       0
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<TOTAL-LIABILITY-AND-EQUITY>               110,263,540              79,295,892
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<INTEREST-DIVIDENDS>                         1,487,049               1,113,890
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<EPS-PRIMARY>                                     (.42)                   3.94
<EPS-DILUTED>                                     (.42)                   3.94