<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 6,875,844 <SECURITIES> 397,658 <RECEIVABLES> 1,507,430 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 9,777,254 <PP&E> 691,332 <DEPRECIATION> (543,269) <TOTAL-ASSETS> 9,925,317 <CURRENT-LIABILITIES> 721,888 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 9,203,429 <TOTAL-LIABILITY-AND-EQUITY> 9,925,317 <SALES> 0 <TOTAL-REVENUES> 4,574,620 <CGS> 0 <TOTAL-COSTS> 291,316 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 4,283,304 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,283,304 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,283,304 <EPS-BASIC> 0 <EPS-DILUTED> 0