<ARTICLE> BD

                                                  
<PERIOD-TYPE>                   6-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-START>                             JAN-01-1999             JAN-01-1998
<PERIOD-END>                               JUN-30-1999             JUN-30-1998
<CASH>                                               0                       0
<RECEIVABLES>                               19,585,691              21,143,346
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                                  0                       0
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              19,585,691              21,143,346
<SHORT-TERM>                                         0                       0
<PAYABLES>                                     299,812                 116,083
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  19,285,879              21,027,263
<TOTAL-LIABILITY-AND-EQUITY>                19,585,691              21,143,346
<TRADING-REVENUE>                                    0                (805,663)
<INTEREST-DIVIDENDS>                                 0                 205,043
<COMMISSIONS>                                        0                 361,536
<INVESTMENT-BANKING-REVENUES>                   23,801                 745,337
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                       0                       0
<INCOME-PRETAX>                                 23,801                (216,819)
<INCOME-PRE-EXTRAORDINARY>                      23,801                (216,819)
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                    23,801                (216,819)
<EPS-BASIC>                                       0.28                   (2.08)
<EPS-DILUTED>                                     0.28                   (2.08)