<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> $ 1,081,007 <SECURITIES> 0 <RECEIVABLES> $ 9,711,739 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> $12,042,579 <PP&E> $ 766,915 <DEPRECIATION> 0 <TOTAL-ASSETS> $13,251,642 <CURRENT-LIABILITIES> $ 765,652 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> $1,000 <OTHER-SE> $39,000 <TOTAL-LIABILITY-AND-EQUITY> $13,251,642 <SALES> $1,152,685 <TOTAL-REVENUES> $1,170,130 <CGS> $ 5,548 <TOTAL-COSTS> $970,319 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> $964,771 <INCOME-PRETAX> $199,811 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> $(104,518) <EPS-PRIMARY> 0 <EPS-DILUTED> 0