<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 2,250,546 <SECURITIES> 5,963,127 <RECEIVABLES> 62,175 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,312,721 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 8,465,666 <CURRENT-LIABILITIES> 3,849,447 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 50,000 <OTHER-SE> 4,566,219 <TOTAL-LIABILITY-AND-EQUITY> 4,616,219 <SALES> 0 <TOTAL-REVENUES> 336,774 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 17,490 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 319,284 <INCOME-TAX> 137,663 <INCOME-CONTINUING> 181,621 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 181,621 <EPS-BASIC> 3.63 <EPS-DILUTED> 0