<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31, 2000 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH QUARTERLY REPORT ON FORM 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 17,391 <SECURITIES> 658,190 <RECEIVABLES> 9,699 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 685,279 <CURRENT-LIABILITIES> 484,414 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 30,100 <COMMON> 303,562 <OTHER-SE> (132,819) <TOTAL-LIABILITY-AND-EQUITY> 685,279 <SALES> 0 <TOTAL-REVENUES> 16,970 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,177 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,333 <INCOME-PRETAX> 6,460 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,460 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,460 <EPS-BASIC> 0.31 <EPS-DILUTED> 0.29