<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF MCM CORPORATION FOR THE TWELVE MONTHS ENDED DECEMBER 31,
1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<DEBT-HELD-FOR-SALE>                            25,660
<DEBT-CARRYING-VALUE>                            3,138
<DEBT-MARKET-VALUE>                              3,275
<EQUITIES>                                      21,969
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  62,339
<CASH>                                           8,120
<RECOVER-REINSURE>                              33,476
<DEFERRED-ACQUISITION>                           2,407
<TOTAL-ASSETS>                                 117,735
<POLICY-LOSSES>                                 60,844
<UNEARNED-PREMIUMS>                             10,793
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                            5,881
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     26,000
<COMMON>                                         4,706
<OTHER-SE>                                      (2,249)
<TOTAL-LIABILITY-AND-EQUITY>                   117,735
<PREMIUMS>                                      47,008
<INVESTMENT-INCOME>                              2,516
<INVESTMENT-GAINS>                                 274
<OTHER-INCOME>                                     430
<BENEFITS>                                      44,485
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                            20,929
<INCOME-PRETAX>                                (15,186)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (15,186)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (15,186)
<EPS-PRIMARY>                                    (3.23)
<EPS-DILUTED>                                    (3.23)
<RESERVE-OPEN>                                  29,159
<PROVISION-CURRENT>                             37,399
<PROVISION-PRIOR>                                7,086
<PAYMENTS-CURRENT>                              20,905
<PAYMENTS-PRIOR>                                19,434
<RESERVE-CLOSE>                                 33,305
<CUMULATIVE-DEFICIENCY>                          7,086