<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM JUNE 30, 2000 QUARTERLY REPORT ON
FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<CASH> 1,215,687
<SECURITIES> 69,093,831 <F1>
<RECEIVABLES> 904,290
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 96,486,684
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 98,202,515
<OTHER-SE> (59,593,536)
<TOTAL-LIABILITY-AND-EQUITY> 96,486,684
<SALES> 0
<TOTAL-REVENUES> 2,522,112
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 517,439
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,032,235
<INCOME-PRETAX> 193,973
<INCOME-TAX> 0
<INCOME-CONTINUING> 193,673
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 193,673
<EPS-BASIC> 0.05
<EPS-DILUTED> 0.05
<FN>
<F1>Includes other investments of $3,954,638
</FN>
</TABLE>