<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF OPERATIONS AND
CONSOLIDATED STATEMENT OF CASH FLOWS INCLUDED IN THE COMPANY'S FORM 10-QSB FOR
THE QUARTER ENDING MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                                                  
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                                        DEC-31-1999
<PERIOD-START>                                           JAN-01-1999
<PERIOD-END>                                             MAR-31-1999
<CASH>                                                   1167
<SECURITIES>                                             23697
<RECEIVABLES>                                            2539
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         28678
<PP&E>                                                   1181
<DEPRECIATION>                                           514
<TOTAL-ASSETS>                                           30634
<CURRENT-LIABILITIES>                                    28065
<BONDS>                                                  20
<COMMON>                                                 17
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              600
<OTHER-SE>                                               1933
<TOTAL-LIABILITY-AND-EQUITY>                             30634
<SALES>                                                  0
<TOTAL-REVENUES>                                         4738
<CGS>                                                    0
<TOTAL-COSTS>                                            4648
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                       629
<INCOME-PRETAX>                                          91
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                      91
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                             91
<EPS-PRIMARY>                                            .02
<EPS-DILUTED>                                            .02