<ARTICLE> 7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <DEBT-HELD-FOR-SALE> 0 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 13,704,730 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 13,704,730 <CASH> 472,547 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 0 <TOTAL-ASSETS> 14,246,726 <POLICY-LOSSES> 11,294 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 869,205 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 183,642 <OTHER-SE> 8,723,813 <TOTAL-LIABILITY-AND-EQUITY> 14,246,726 <PREMIUMS> 121,273 <INVESTMENT-INCOME> 21,304 <INVESTMENT-GAINS> 0 <OTHER-INCOME> 0 <BENEFITS> 33,489 <UNDERWRITING-AMORTIZATION> 0 <UNDERWRITING-OTHER> 54,601 <INCOME-PRETAX> (44,521) <INCOME-TAX> (15,137) <INCOME-CONTINUING> (29,384) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (29,384) <EPS-BASIC> (.17) <EPS-DILUTED> (.17) <RESERVE-OPEN> 13,373 <PROVISION-CURRENT> 33,849 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 35,568 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 11,294 <CUMULATIVE-DEFICIENCY> 0