<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 4,390 <SECURITIES> 0 <RECEIVABLES> 97,371 <ALLOWANCES> 0 <INVENTORY> 4,575 <CURRENT-ASSETS> 0 <PP&E> 19,068 <DEPRECIATION> 0 <TOTAL-ASSETS> 150,982 <CURRENT-LIABILITIES> 0 <BONDS> 43,839 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,081 <OTHER-SE> (4,044) <TOTAL-LIABILITY-AND-EQUITY> 150,982 <SALES> 26,079 <TOTAL-REVENUES> 26,079 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 30,794 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,743 <INCOME-PRETAX> (9,458) <INCOME-TAX> 0 <INCOME-CONTINUING> (9,458) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,458) <EPS-PRIMARY> (.87) <EPS-DILUTED> 0