<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 4,062,700 <SECURITIES> 14,960,100 <RECEIVABLES> 90,700 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 19,113,500 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 19,126,400 <CURRENT-LIABILITIES> 15,006,800 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,119,600 <TOTAL-LIABILITY-AND-EQUITY> 19,126,400 <SALES> 0 <TOTAL-REVENUES> 290,900 <CGS> 0 <TOTAL-COSTS> 4,600 <OTHER-EXPENSES> 9,500 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 276,800 <INCOME-TAX> 0 <INCOME-CONTINUING> 276,800 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 276,800 <EPS-BASIC> 0.46 <EPS-DILUTED> 0.46