<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-mos
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-START> Jul-01-2000
<PERIOD-END> Sep-30-2000
<CASH> 10
<SECURITIES> 2,365,239
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0 <F1>
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 2,365,249
<CURRENT-LIABILITIES> 0 <F1>
<BONDS> 2,279,317
0
0
<COMMON> 10
<OTHER-SE> 85,922
<TOTAL-LIABILITY-AND-EQUITY> 2,365,249
<SALES> 0
<TOTAL-REVENUES> 49,254
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 413
<LOSS-PROVISION> 5,032
<INTEREST-EXPENSE> 43,419
<INCOME-PRETAX> 390
<INCOME-TAX> 0
<INCOME-CONTINUING> 390
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 390
<EPS-BASIC> 0.00
<EPS-DILUTED> 0.00
<FN>
The Company's balance sheet is unclassified.
</FN>
</TABLE>
