<ARTICLE> 5
<LEGEND>
This schedule contains summary Financial information extracted from the
Company's Consolidated Balance sheets and Consolidated Statements of Operations
found on pages 3,4 and 5 of the Company's Form 10-Q for the year-to-date of each
period and is qualified in its entirety by reference to such financial
information.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          29,376
<SECURITIES>                                    26,610
<RECEIVABLES>                                        0
<ALLOWANCES>                                     2,975
<INVENTORY>                                          0
<CURRENT-ASSETS>                               229,879
<PP&E>                                           5,433
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 241,018
<CURRENT-LIABILITIES>                          205,600
<BONDS>                                              0
<PREFERRED-MANDATORY>                            5,142
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                      21,513
<TOTAL-LIABILITY-AND-EQUITY>                   241,018
<SALES>                                              0
<TOTAL-REVENUES>                                 5,363
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 1,652
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,809
<INCOME-PRETAX>                                  1,902
<INCOME-TAX>                                       737
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,165
<EPS-BASIC>                                       0.44
<EPS-DILUTED>                                     0.41