<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 SIX MONTHS ENDING JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                                                      
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                        DEC-31-1999
<PERIOD-START>                                           JAN-01-1999
<PERIOD-END>                                             JUN-30-1999
<CASH>                                                   677
<SECURITIES>                                             28388
<RECEIVABLES>                                            2727
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         33068
<PP&E>                                                   1333
<DEPRECIATION>                                           535
<TOTAL-ASSETS>                                           35516
<CURRENT-LIABILITIES>                                    32057
<BONDS>                                                  0
<COMMON>                                                 17
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              1432
<OTHER-SE>                                               2010
<TOTAL-LIABILITY-AND-EQUITY>                             35516
<SALES>                                                  0
<TOTAL-REVENUES>                                         10102
<CGS>                                                    0
<TOTAL-COSTS>                                            9830
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                       1096
<INCOME-PRETAX>                                          272
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                      272
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                             272
<EPS-BASIC>                                            .07
<EPS-DILUTED>                                            .07