<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF McM CORPORATION FOR THE THREE MONTHS ENDED MARCH 31,
1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<DEBT-HELD-FOR-SALE>                            22,366
<DEBT-CARRYING-VALUE>                            3,135
<DEBT-MARKET-VALUE>                              3,234
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  44,083
<CASH>                                           2,609
<RECOVER-REINSURE>                              36,468
<DEFERRED-ACQUISITION>                           3,224
<TOTAL-ASSETS>                                 101,220
<POLICY-LOSSES>                                 54,966
<UNEARNED-PREMIUMS>                             15,669
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                            6,338
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                            4,697
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                       8,266
<TOTAL-LIABILITY-AND-EQUITY>                   101,220
<PREMIUMS>                                      10,695
<INVESTMENT-INCOME>                                627
<INVESTMENT-GAINS>                                  17
<OTHER-INCOME>                                     130
<BENEFITS>                                       6,974
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                             4,390
<INCOME-PRETAX>                                    105
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                105
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       105
<EPS-PRIMARY>                                     0.02
<EPS-DILUTED>                                     0.02
<RESERVE-OPEN>                                  29,159
<PROVISION-CURRENT>                              7,475
<PROVISION-PRIOR>                                 (501)
<PAYMENTS-CURRENT>                               3,164
<PAYMENTS-PRIOR>                                 7,097
<RESERVE-CLOSE>                                 25,872
<CUMULATIVE-DEFICIENCY>                           (501)