<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,179 <SECURITIES> 0 <RECEIVABLES> 124,181 <ALLOWANCES> 0 <INVENTORY> 4,774 <CURRENT-ASSETS> 0 <PP&E> 16,426 <DEPRECIATION> 0 <TOTAL-ASSETS> 167,762 <CURRENT-LIABILITIES> 0 <BONDS> 43,819 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,081 <OTHER-SE> (12,366) <TOTAL-LIABILITY-AND-EQUITY> 167,762 <SALES> 35,626 <TOTAL-REVENUES> 35,626 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 42,472 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,121 <INCOME-PRETAX> (16,967) <INCOME-TAX> 516 <INCOME-CONTINUING> (17,483) <DISCONTINUED> (297) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (17,780) <EPS-PRIMARY> (1.65) <EPS-DILUTED> (1.65)