<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30, 1998 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH QUARTERLY REPORT ON FORM 10-Q. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 0 <SECURITIES> 1,046,340 <RECEIVABLES> 22,868 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,069,362 <CURRENT-LIABILITIES> 770,088 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 296,942 <OTHER-SE> 2,332 <TOTAL-LIABILITY-AND-EQUITY> 1,069,362 <SALES> 0 <TOTAL-REVENUES> 10,828 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,068 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,379 <INCOME-PRETAX> 5,381 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,381 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,381 <EPS-PRIMARY> 0.25 <EPS-DILUTED> 0.25