<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 94,700 <SECURITIES> 0 <RECEIVABLES> 1,485,599 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 360,226 <DEPRECIATION> 135,074 <TOTAL-ASSETS> 63,447,833 <CURRENT-LIABILITIES> 0 <BONDS> 5,575,589 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 105,710 <OTHER-SE> 39,929,048 <TOTAL-LIABILITY-AND-EQUITY> 63,447,833 <SALES> 13,760,791 <TOTAL-REVENUES> 13,760,791 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,916,034 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 229,597 <INCOME-PRETAX> 6,615,160 <INCOME-TAX> 2,250,000 <INCOME-CONTINUING> 4,365,160 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,365,160 <EPS-BASIC> .41 <EPS-DILUTED> .41