<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
JUNE 30, 2000 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 14,431
<SECURITIES> 1,012,133
<RECEIVABLES> 20,646
<ALLOWANCES> 4,579
<INVENTORY> 0
<CURRENT-ASSETS> 1,042,631
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,042,631
<CURRENT-LIABILITIES> 7,403
<BONDS> 949,334
0
0
<COMMON> 81
<OTHER-SE> 85,813
<TOTAL-LIABILITY-AND-EQUITY> 1,042,631
<SALES> 0
<TOTAL-REVENUES> 50,121
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 10,045
<LOSS-PROVISION> 1,496
<INTEREST-EXPENSE> 36,779
<INCOME-PRETAX> 1,801
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,801
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,801
<EPS-BASIC> 0.22
<EPS-DILUTED> 0.22
</TABLE>