<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER
31, 1997 BALANCE SHEET AND THE STATEMENT OF INCOME AND RETAINED EARNINGS FOR
YEAR ENDED DECEMBER 31, 1997 INCLUDED IN THE COMPANY'S DECEMBER 31, 1997 10-K
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-K.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                          45,351
<SECURITIES>                                         0
<RECEIVABLES>                                3,879,982<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,925,333
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              82,425,333<F2>
<CURRENT-LIABILITIES>                            5,776
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  2,726,700
<COMMON>                                         2,000
<OTHER-SE>                                  79,690,857<F3>
<TOTAL-LIABILITY-AND-EQUITY>                82,425,333
<SALES>                                              0
<TOTAL-REVENUES>                             5,866,849<F4>
<CGS>                                                0
<TOTAL-COSTS>                                   76,553
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              5,790,296
<INCOME-TAX>                                    34,779
<INCOME-CONTINUING>                          5,755,517
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 5,755,517
<EPS-PRIMARY>                                     4.07
<EPS-DILUTED>                                     4.07
<FN>
<F1>Receivables are due from affiliated companies.
<F2>An investment in preferred shares of Chieftain International (U.S.) Inc., at
cost, is $78,500,000, has been included in total assets.
<F3>Additional paid-in capital of $14,998,000 (attributable to common stock) and
$60,676,203 (attributable to preferred stock) has been added to retained
earnings of $4,016,654 in calculating other stockholders' equity.
<F4>Revenues are earned exclusively form transactions with parent company.
</FN>