<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 30, 1996 BALANCE SHEET AND THE STATEMENT OF INCOME AND RETAINED
EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 INCLUDED IN THE COMPANY'S
SEPTEMBER 30, 1996 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
10-Q.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                         253,213
<SECURITIES>                                         0
<RECEIVABLES>                                2,649,487<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,902,700
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              81,402,700<F2>
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  2,726,700
<COMMON>                                         2,000
<OTHER-SE>                                  78,674,000<F3>
<TOTAL-LIABILITY-AND-EQUITY>                81,402,700
<SALES>                                              0
<TOTAL-REVENUES>                             4,365,752<F4>
<CGS>                                                0
<TOTAL-COSTS>                                   35,186
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              4,330,566
<INCOME-TAX>                                    21,745
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,308,821
<EPS-PRIMARY>                                     3.01
<EPS-DILUTED>                                     3.01
<FN>
<F1>Receivables are due from affiliated companies.
<F2>Investment in preferred shares of Chieftain International (U.S.) Inc., at
cost, is $78,500,000.
<F3>Additional paid-in capital if $14,998,000 (attributable to common stock) and
$60,676,203 (attributable to preferred stock) has been included in other
stockholders' equity.
<F4>Revenues are earned exclusively from transactions with parent company.
</FN>