<ARTICLE>                     5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
FINANCIAL  STATEMENTS  OF THE  COMPANY  AND IS  QUALIFIED  IN  ITS  ENTIRETY  BY
REFERENCE TO THOSE FINANCIAL  STATEMENTS AND THE FOOTNOTES  PROVIDED WITHIN THIS
SCHEDULE.
 </LEGEND>
<MULTIPLIER>                                  1,000
<CURRENCY>                                    U.S. Dollars
       
                                            
<PERIOD-TYPE>                                  6-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   JUN-30-1998
<EXCHANGE-RATE>                                 1.000
<CASH>                                          7,998
<SECURITIES>                                        0
<RECEIVABLES>                                   2,056
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                               10,054
<PP&E>                                              0
<DEPRECIATION>                                      0
<TOTAL-ASSETS>                                307,777
<CURRENT-LIABILITIES>                           7,662
<BONDS>                                             0
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                    23,165
<COMMON>                                      249,353
<OTHER-SE>                                     27,597
<TOTAL-LIABILITY-AND-EQUITY>                  307,777
<SALES>                                             0
<TOTAL-REVENUES>                                7,681
<CGS>                                               0
<TOTAL-COSTS>                                   1,328
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                                  0
<INCOME-PRETAX>                                 6,353
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                             6,353
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                    6,353
<EPS-PRIMARY>                                     .72<F1>
<EPS-DILUTED>                                     .72<F1>
<FN>
<F1> The earnings per share reflects the earning per share of the
     Growth Shares.
</FN>