<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH
31, 2000 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          14,173
<SECURITIES>                                 1,115,784
<RECEIVABLES>                                   23,397
<ALLOWANCES>                                     4,326
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,149,028
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,149,028
<CURRENT-LIABILITIES>                           65,266
<BONDS>                                        996,005
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                      87,676
<TOTAL-LIABILITY-AND-EQUITY>                 1,149,028
<SALES>                                              0
<TOTAL-REVENUES>                                26,256
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 5,495
<LOSS-PROVISION>                                   402
<INTEREST-EXPENSE>                              18,856
<INCOME-PRETAX>                                  1,503
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              1,503
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,503
<EPS-BASIC>                                       0.19
<EPS-DILUTED>                                     0.19