<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 4,730,000 <SECURITIES> 0 <RECEIVABLES> 51,483,000 <ALLOWANCES> (11,760,000) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 44,453,000 <CURRENT-LIABILITIES> 153,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 44,300,000 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 44,453,000 <SALES> 4,082,000 <TOTAL-REVENUES> 4,082,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 960,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,122,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,122,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,122,000 <EPS-PRIMARY> 1.18 <EPS-DILUTED> 1.18