<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 30, 1998 BALANCE SHEET AND THE STATEMENT OF INCOME AND RETAINED
EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998 INCLUDED IN THE COMPANY'S
SEPTEMBER 30, 1998 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH 10-Q.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          93,657
<SECURITIES>                                         0
<RECEIVABLES>                                4,386,164<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             4,479,821
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              82,979,821<F2>
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  2,726,700
<COMMON>                                         2,000
<OTHER-SE>                                  80,251,121<F3>
<TOTAL-LIABILITY-AND-EQUITY>                82,979,821
<SALES>                                              0
<TOTAL-REVENUES>                             4,421,507<F4>
<CGS>                                                0
<TOTAL-COSTS>                                  155,635
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              4,265,872
<INCOME-TAX>                                   (1,000)
<INCOME-CONTINUING>                          4,266,872
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,266,872
<EPS-PRIMARY>                                     2.80
<EPS-DILUTED>                                     2.80
<FN>
<F1>RECEIVABLES ARE DUE FROM AFFILIATED COMPANIES.
<F2>AN INVESTMENT IN PREFERRED SHARES OF CHIEFTAIN INTERNATIONAL (U.S.) INC., AT
COST OF $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 $4,576,918 IN CALCULATING OTHER STOCKHOLDERS' EQUITY.
<F4>REVENUES ARE EARNED EXCLUSIVELY FROM TRANSACTIONS WITH PARENT COMPANY.
</FN>