<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION  EXTRACTED FROM THE FORM
10-Q FOR THE  QUARTERLY  PERIOD  ENDED MARCH 31, 1999 AND IS  QUALIFIED  IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANICAL STATEMENTS.
</LEGEND>

       
  
<S>                         <C>                                               
<PERIOD-TYPE>              3-MOS                                              
<FISCAL-YEAR-END>                              Dec-31-1999                    
<PERIOD-START>                                 Jan-01-1999                     
<PERIOD-END>                                   Mar-31-1999                     
<CASH>                                          9,358,243                      
<SECURITIES>                                   37,311,835                     
<RECEIVABLES>                                  16,235,379 <F1>               
<ALLOWANCES>                                            0                     
<INVENTORY>                                    33,124,945 <F2>          
<CURRENT-ASSETS>                                  979,569                   
<PP&E>                                                  0                    
<DEPRECIATION>                                          0                     
<TOTAL-ASSETS>                                 97,009,971                    
<CURRENT-LIABILITIES>                          19,046,366                     
<BONDS>                                        41,528,914 <F3>               
<PREFERRED-MANDATORY>                                   0                     
<PREFERRED>                                             0                     
<COMMON>                                           43,651                     
<OTHER-SE>                                     36,391,040                   
<TOTAL-LIABILITY-AND-EQUITY>                   97,009,971                     
<SALES>                                            60,734                     
<TOTAL-REVENUES>                                1,602,095                     
<CGS>                                                   0                     
<TOTAL-COSTS>                                           0                     
<OTHER-EXPENSES>                                1,059,086                     
<LOSS-PROVISION>                                        0                     
<INTEREST-EXPENSE>                              1,043,033 
<INCOME-PRETAX>                                  (500,024) 
<INCOME-TAX>                                            0                     
<INCOME-CONTINUING>                              (500,024)                    
<DISCONTINUED>                                          0                    
<EXTRAORDINARY>                                         0                     
<CHANGES>                                               0                    
<NET-INCOME>                                     (500,024)                    
<EPS-PRIMARY>                                       (0.15)                 
<EPS-DILUTED>                                       (0.15)                   


<FN>
<F1> INCLUDES MATURED POLICIES RECEIVABLE AND LOANS RECEIVABLE.    
<F2> INCLUDES PURCHASED LIFE INSURANCE POLICIES.
<F3> REPRESENTS LONG TERM BORROWINGS OF THE COMPANY.
</FN>
        


</TABLE>