<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements of Ray Ellison Mortgage Acceptance Corp. at June 30,2000
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 754591
<NAME> Ray Ellison Mortgage Acceptance Corp.
<MULTIPLIER> 1
<CURRENCY> Dollar
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<CASH> 1,537
<SECURITIES> 59,444,002
<RECEIVABLES> 342,418
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 343,955
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 65,314,867
<CURRENT-LIABILITIES> 370,650
<BONDS> 62,855,000
0
0
<COMMON> 10,000
<OTHER-SE> 2,079,217
<TOTAL-LIABILITY-AND-EQUITY> 65,314,867
<SALES> 0
<TOTAL-REVENUES> 2,252,211
<CGS> 0
<TOTAL-COSTS> 2,381,309
<OTHER-EXPENSES> 95,227
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,124,650
<INCOME-PRETAX> 46,466
<INCOME-TAX> 15,798
<INCOME-CONTINUING> 30,668
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 30,668
<EPS-BASIC> 3.06
<EPS-DILUTED> 3.06
</TABLE>
