<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 395,948 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 0 <ALLOWANCE> 0 <TOTAL-ASSETS> 601,046 <DEPOSITS> 0 <SHORT-TERM> 0 <LIABILITIES-OTHER> 94,429 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,500 <OTHER-SE> 504,117 <TOTAL-LIABILITIES-AND-EQUITY> 601,046 <INTEREST-LOAN> 0 <INTEREST-INVEST> 0 <INTEREST-OTHER> 11,326 <INTEREST-TOTAL> 11,326 <INTEREST-DEPOSIT> 0 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 0 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 525,568 <INCOME-PRETAX> 514,242 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 513,442 <EPS-PRIMARY> 51.34 <EPS-DILUTED> 51.34 <YIELD-ACTUAL> 0 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 0 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 0 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0