<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1998
<PERIOD-START>                             APR-01-1998             JAN-01-1998
<PERIOD-END>                               JUN-30-1998             JUN-30-1998
<CASH>                                         6426985                 6426985
<SECURITIES>                                         0                       0
<RECEIVABLES>                                365986741               365486741
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                         1111673                 1111673
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                               397034743               397034743
<CURRENT-LIABILITIES>                        244311953               244311953
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     152722790               152722790
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                 397034743               397034743
<SALES>                                              0                       0
<TOTAL-REVENUES>                              10023166                20059872
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                               4291105                 6880123
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             3875831                 7307986
<INCOME-PRETAX>                                2909569                 7120191
<INCOME-TAX>                                   (57666)                 (38566)
<INCOME-CONTINUING>                            2967235                 7158757
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   2967235                 7158757
<EPS-PRIMARY>                                      .21                     .51
<EPS-DILUTED>                                      .21                     .51