<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Form 10-Q for the period ending June 30, 1998 and is qualified in its
entirety by reference to such Form 10-Q.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                             866
<SECURITIES>                                    38,094
<RECEIVABLES>                                    3,267
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                44,088
<PP&E>                                               0<F1>
<DEPRECIATION>                                       0<F1>
<TOTAL-ASSETS>                                  53,343
<CURRENT-LIABILITIES>                              623
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           101
<OTHER-SE>                                      52,067
<TOTAL-LIABILITY-AND-EQUITY>                    53,343
<SALES>                                          6,954
<TOTAL-REVENUES>                                 7,375
<CGS>                                            4,948
<TOTAL-COSTS>                                      622
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   1
<INCOME-PRETAX>                                  3,693
<INCOME-TAX>                                     (913)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,179
<EPS-PRIMARY>                                      .42
<EPS-DILUTED>                                      .38
<FN>
<F1>Disclosure not required on interim financial statements.
</FN>