<ARTICLE>       5
<LEGEND>
                    THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
                    EXTRACTED FROM THE SEPTEMBER 30, 1999 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>                    9-MOS
   <FISCAL-YEAR-END>                               DEC-31-1999
   <PERIOD-START>                                  JAN-01-1999
   <PERIOD-END>                                    SEP-30-1999
   <CASH>                                                9,694
   <SECURITIES>                                        652,424
   <RECEIVABLES>                                         7,554
   <ALLOWANCES>                                              0
   <INVENTORY>                                               0
   <CURRENT-ASSETS>                                          0
   <PP&E>                                                    0
   <DEPRECIATION>                                            0
   <TOTAL-ASSETS>                                      669,672
   <CURRENT-LIABILITIES>                               493,458
   <BONDS>                                                   0
   <PREFERRED-MANDATORY>                                     0
   <PREFERRED>                                               0
   <COMMON>                                            303,584
   <OTHER-SE>                                        (127,370)
   <TOTAL-LIABILITY-AND-EQUITY>                        669,672
   <SALES>                                                   0
   <TOTAL-REVENUES>                                     43,842
   <CGS>                                                     0
   <TOTAL-COSTS>                                         4,714
   <OTHER-EXPENSES>                                          0
   <LOSS-PROVISION>                                          0
   <INTEREST-EXPENSE>                                   18,661
   <INCOME-PRETAX>                                      20,467
   <INCOME-TAX>                                              0
   <INCOME-CONTINUING>                                  20,467
   <DISCONTINUED>                                            0
   <EXTRAORDINARY>                                           0
   <CHANGES>                                                 0
   <NET-INCOME>                                         20,467
   <EPS-BASIC>                                          0.99
   <EPS-DILUTED>                                          0.99