<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                      11,803,000
<SECURITIES>                                         0
<RECEIVABLES>                               48,174,000<F1>
<ALLOWANCES>                               (8,826,000)
<INVENTORY>                                          0
<CURRENT-ASSETS>                            51,151,000
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              51,151,000
<CURRENT-LIABILITIES>                          537,000
<BONDS>                                      4,525,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    46,089,000
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                51,151,000
<SALES>                                      1,060,000
<TOTAL-REVENUES>                             1,060,000
<CGS>                                                0
<TOTAL-COSTS>                                   76,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                984,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   984,000
<EPS-PRIMARY>                                    $0.37
<EPS-DILUTED>                                        0
<FN>
<F1>Includes Notes Receivable of $38,710,000 and foreclosed real estate held for
sale of $8,730,000.
</FN>