<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 For the quarterly period ended March 31, 2000

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 For the transition period from       TO
                                                         ------  ------

                         Commission file number 0-27496

                       CRONOS GLOBAL INCOME FUND XVI, L.P.
             (Exact name of registrant as specified in its charter)


            California                                          94-3230380
  (State or other jurisdiction of                           (I.R.S. Employer
  incorporation or organization)                          Identification No.)


       444 Market Street, 15th Floor, San Francisco, California      94111
               (Address of principal executive offices)            (Zip Code)

                                 (415) 677-8990
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]


<PAGE>   2

                       CRONOS GLOBAL INCOME FUND XVI, L.P.


                  REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD
                              ENDED MARCH 31, 2000

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>


                                                                                                               PAGE
<S>      <C>                                                                                                   <C>
PART I - FINANCIAL INFORMATION

 Item 1. Financial Statements


         Condensed Balance Sheets - March 31, 2000 and December 31, 1999 (unaudited)                             4


         Condensed Statements of Operations for the three months ended March 31, 2000 and 1999 (unaudited)        5


         Condensed Statements of Cash Flows for the three months ended March 31, 2000 and 1999 (unaudited)        6


         Notes to Condensed Financial Statements (unaudited)                                                      7


 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations                   10


 Item 3. Quantitative and Qualitative Disclosures About Market Risk                                              11


PART II - OTHER INFORMATION


 Item 6. Exhibits and Reports on Form 8-K                                                                        12
</TABLE>

                                       2

<PAGE>   3


                         PART I - FINANCIAL INFORMATION

 Item 1. Financial Statements

         Presented herein are the Registrant's condensed balance sheets as of
         March 31, 2000 and December 31, 1999, condensed statements of
         operations for the three months ended March 31, 2000 and 1999, and
         condensed statements of cash flows for the three months ended March 31,
         2000 and 1999.

                                       3

<PAGE>   4

                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                            CONDENSED BALANCE SHEETS

                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                                              March 31,        December 31,
                                                                                2000               1999
                                                                            ------------       ------------
<S>                                                                         <C>                <C>

                 Assets

Current assets:

   Cash and cash equivalents, includes $1,374,902 at March 31, 2000
      and $1,987,785 at December 31, 1999 in interest-bearing accounts      $  1,375,609       $  1,987,885
   Net lease receivables due from Leasing Company
      (notes 1 and 2)                                                            517,309            513,262
                                                                            ------------       ------------

         Total current assets                                                  1,892,918          2,501,147
                                                                            ------------       ------------

Container rental equipment, at cost                                           29,905,424         26,618,929
   Less accumulated depreciation                                               5,951,273          5,542,131
                                                                            ------------       ------------
      Net container rental equipment                                          23,954,151         21,076,798
                                                                            ------------       ------------

Other assets                                                                     812,487             50,000
                                                                            ------------       ------------

          Total assets                                                      $ 26,659,556       $ 23,627,945
                                                                            ============       ============

                 Liabilities and partners' capital

Current liabilities:

   Current portion of equipment debt                                        $    550,933       $         --
                                                                            ------------       ------------

          Total current liabilities                                              550,933                 --
                                                                            ------------       ------------

   Equipment debt less current portion                                         2,754,667                 --
                                                                            ------------       ------------

          Total liabilities                                                    3,305,600                 --
                                                                            ------------       ------------

Partners' capital (deficit):
   General partner                                                               (15,467)           (12,730)
   Limited partners                                                           23,369,423         23,640,675
                                                                            ------------       ------------

         Total partners' capital                                              23,353,956         23,627,945
                                                                            ------------       ------------

         Total liabilities and partners' capital                            $ 26,659,556       $ 23,627,945
                                                                            ============       ============
</TABLE>


              The accompanying notes are an integral part of these
                        condensed financial statements.

                                       4

<PAGE>   5

                      CRONOS GLOBAL INCOME FUND XVI, L.P.

                       CONDENSED STATEMENTS OF OPERATIONS

                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                         Three Months Ended
                                                    -----------------------------
                                                     March 31,         March 31,
                                                       2000              1999
                                                    -----------       -----------
<S>                                                 <C>               <C>
Net lease revenue (notes 1 and 3)                   $   810,544       $   678,913


Other operating expenses:
  Depreciation                                          413,423           402,516
  Other general and administrative expenses              20,468            13,710
                                                    -----------       -----------
                                                        433,891           416,226
                                                    -----------       -----------

    Income from operations                              376,653           262,687

Other income (loss):
  Interest income                                        23,255            19,132
  Net gain (loss) on disposal of equipment                 (351)            5,891
                                                    -----------       -----------
                                                         22,904            25,023
                                                    -----------       -----------

    Net income                                      $   399,557       $   287,710
                                                    ===========       ===========

Allocation of net income:
  General partner                                   $    30,941       $    33,967
  Limited partners                                      368,616           253,743
                                                    -----------       -----------

                                                    $   399,557       $   287,710
                                                    ===========       ===========

Limited partners' per unit share of net income      $      0.23       $      0.16
                                                    ===========       ===========
</TABLE>



   The accompanying notes are an integral part of these condensed financial
statements.

                                       5

<PAGE>   6

                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                       CONDENSED STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                Three Months Ended
                                                          -----------------------------
                                                            March 31,         March 31,
                                                              2000              1999
                                                          -----------       -----------
<S>                                                       <C>               <C>
Net cash provided by operating activities                 $    43,541       $   753,021

Cash flows provided by investing activities:
  Proceeds from disposal of equipment                          17,727            10,820

Cash flows used in financing activities:
  Distribution to partners                                   (673,544)         (631,446)
                                                          -----------       -----------

Net increase (decrease) in cash and cash equivalents         (612,276)          132,395

Cash and cash equivalents at January 1                      1,987,885         1,843,812
                                                          -----------       -----------

Cash and cash equivalents at March 31                     $ 1,375,609       $ 1,976,207
                                                          ===========       ===========
</TABLE>

   Non cash financing activity:

   In connection with the acquisition of container rental equipment, Cronos
   Global Income Fund XVI, L.P. financed the purchase of $3,305,600 of equipment
   through debt.

   The accompanying notes are an integral part of these condensed financial
statements.


                                       6

<PAGE>   7
                       CRONOS GLOBAL INCOME FUND XVI, L.P.

               NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


(1)  Summary of Significant Accounting Policies

     (a) Nature of Operations

         Cronos Global Income Fund XVI, L.P. (the "Partnership") is a limited
         partnership organized under the laws of the State of California on
         September 1, 1995, for the purpose of owning and leasing marine cargo
         containers, special purpose containers and container related equipment
         worldwide to ocean carriers. To this extent, the Partnership's
         operations are subject to the fluctuations of world economic and
         political conditions. Such factors may affect the pattern and levels of
         world trade. The Partnership believes that the profitability of, and
         risks associated with, leases to foreign customers is generally the
         same as those of leases to domestic customers. The Partnership's leases
         generally require all payments to be made in United States currency.

         Cronos Capital Corp. ("CCC") is the general partner and, with its
         affiliate Cronos Containers Limited (the "Leasing Company"), manages
         the business of the Partnership. CCC and the Leasing Company also
         manage the container leasing business for other partnerships affiliated
         with the general partner. The Partnership shall continue until December
         31, 2015, unless sooner terminated upon the occurrence of certain
         events.

         The Partnership commenced operations on March 29, 1996, when the
         minimum subscription proceeds of $2,000,000 were received from over 100
         subscribers (excluding from such count Pennsylvania residents, the
         general partner, and all affiliates of the general partner). On
         February 3, 1997, CCC suspended the offer and sale of units in the
         Partnership. The offering terminated on December 27, 1997.

     (b) Leasing Company and Leasing Agent Agreement

         The Partnership has entered into a Leasing Agent Agreement whereby the
         Leasing Company has the responsibility to manage the leasing operations
         of all equipment owned by the Partnership. Pursuant to the Agreement,
         the Leasing Company is responsible for leasing, managing and re-leasing
         the Partnership's containers to ocean carriers and has full discretion
         over which ocean carriers, and suppliers of goods and services it may
         deal with. The Leasing Agent Agreement permits the Leasing Company to
         use the containers owned by the Partnership, together with other
         containers owned or managed by the Leasing Company and its affiliates,
         as part of a single fleet operated without regard to ownership. Since
         the Leasing Agent Agreement meets the definition of an operating lease
         in Statement of Financial Accounting Standards (SFAS) No. 13, it is
         accounted for as a lease under which the Partnership is lessor and the
         Leasing Company is lessee.

         The Leasing Agent Agreement generally provides that the Leasing Company
         will make payments to the Partnership based upon rentals collected from
         ocean carriers after deducting direct operating expenses and management
         fees to CCC and the Leasing Company. The Leasing Company leases
         containers to ocean carriers, generally under operating leases which
         are either master leases or term leases (mostly one to five years).
         Master leases do not specify the exact number of containers to be
         leased or the term that each container will remain on hire but allow
         the ocean carrier to pick up and drop off containers at various
         locations; rentals are based upon the number of containers used and the
         applicable per-diem rate. Accordingly, rentals under master leases are
         all variable and contingent upon the number of containers used. Most
         containers are leased to ocean carriers under master leases; leasing
         agreements with fixed payment terms are not material to the financial
         statements. Since there are no material minimum lease rentals, no
         disclosure of minimum lease rentals is provided in these condensed
         financial statements.

                                       7

<PAGE>   8


                       CRONOS GLOBAL INCOME FUND XVI, L.P.

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS


     (c) Basis of Accounting

         The Partnership utilizes the accrual method of accounting. Net lease
         revenue is recorded by the Partnership in each period based upon its
         leasing agent agreement with the Leasing Company. Net lease revenue is
         generally dependent upon operating lease rentals from operating lease
         agreements between the Leasing Company and its various lessees, less
         direct operating expenses and management fees due in respect of the
         containers specified in each operating lease agreement.

     (d) Financial Statement Presentation

         These condensed financial statements have been prepared without audit.
         Certain information and footnote disclosures normally included in
         financial statements prepared in accordance with generally accepted
         accounting procedures have been omitted. It is suggested that these
         condensed financial statements be read in conjunction with the
         financial statements and accompanying notes in the Partnership's latest
         annual report on Form 10-K.

         The preparation of financial statements in conformity with accounting
         principles generally accepted in the United States (GAAP) requires the
         Partnership to make estimates and assumptions that affect the reported
         amounts of assets and liabilities and disclosure of contingent assets
         and liabilities at the date of the financial statements and the
         reported amounts of revenues and expenses during the reported period.
         Actual results could differ from those estimates.

         The interim financial statements presented herewith reflect all
         adjustments of a normal recurring nature which are, in the opinion of
         management, necessary to a fair statement of the financial condition
         and results of operations for the interim periods presented. The
         results of operations for such interim periods are not necessarily
         indicative of the results to be expected for the full year.

(2)  Net Lease Receivables Due from Leasing Company

     Net lease receivables due from the Leasing Company are determined by
     deducting direct operating payables and accrued expenses, base management
     fees payable, and reimbursed administrative expenses payable to CCC and its
     affiliates from the rental billings payable by the Leasing Company to the
     Partnership under operating leases to ocean carriers for the containers
     owned by the Partnership. Net lease receivables at March 31, 2000 and
     December 31, 1999 were as follows:


<TABLE>
<CAPTION>

                                                      March 31,         December 31,
                                                         2000               1999
                                                    -------------      -------------
<S>                                                 <C>                <C>
Gross lease receivables                             $     985,303      $     869,797
Less:
Direct operating payables and accrued expenses            270,533            223,001
Damage protection reserve                                  59,046             25,021
Base management fees payable                               64,284             68,101
Reimbursed administrative expenses                         37,943             16,942
Allowance for doubtful accounts                            36,188             23,470
                                                    -------------      -------------
Net lease receivables                               $     517,309      $     513,262
                                                    =============      =============

</TABLE>

                                       8


<PAGE>   9
                       CRONOS GLOBAL INCOME FUND XVI, L.P.

               NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


(3)  Net Lease Revenue

     Net lease revenue is determined by deducting direct operating expenses,
     base management fees and reimbursed administrative expenses to CCC and its
     affiliates from the rental revenue billed by the Leasing Company under
     operating leases to ocean carriers for the containers owned by the
     Partnership. Net lease revenue for the three-month periods ended March 31,
     2000 and 1999 was as follows:

<TABLE>
<CAPTION>

                                              Three Months Ended
                                         ----------------------------
                                          March 31,        March 31,
                                             2000             1999
                                         -----------      -----------
<S>                                      <C>              <C>
Rental revenue (note 4)                  $ 1,123,818      $   963,942
Less:
Rental equipment operating expenses          175,068          171,657
Base management fees                          77,503           66,686
Reimbursed administrative expenses            60,703           46,686
                                         -----------      -----------
                                         $   810,544      $   678,913
                                         ===========      ===========
</TABLE>


(4)  Operating Segment

     The Financial Accounting Standards Board has issued SFAS No. 131,
     "Disclosures about Segments of an Enterprise and Related Information,"
     which changes the way public business enterprises report financial and
     descriptive information about reportable operating segments. An operating
     segment is a component of an enterprise that engages in business activities
     from which it may earn revenues and incur expenses, whose operating results
     are regularly reviewed by the enterprise's chief operating decision maker
     to make decisions about resources to be allocated to the segment and assess
     its performance, and about which separate financial information is
     available. Management operates the Partnership's container fleet as a
     homogenous unit and has determined, after considering the requirements of
     SFAS No. 131, that as such it has a single reportable operating segment.

     The Partnership derives its revenues from marine cargo containers. As of
     March 31, 2000, the Partnership operated 4,509 twenty-foot, 1,494
     forty-foot and 956 forty-foot high-cube marine dry cargo containers, as
     well as 89 twenty-foot and 299 forty-foot refrigerated cargo containers,
     and 52 twenty-four thousand-liter tanks. A summary of gross lease revenue,
     by product, for the three-month periods ended March 31, 2000 and 1999
     follows:

<TABLE>
<CAPTION>

                                  Three Months Ended
                             ----------------------------
                              March 31,         March 31,
                                2000             1999
                             -----------      -----------
<S>                          <C>              <C>
Dry cargo containers         $   737,971      $   537,982
Refrigerated containers          345,220          378,848
Tank containers                   40,627           47,112
                             -----------      -----------
Total                        $ 1,123,818      $   963,942
                             ===========      ===========
</TABLE>



     Due to the Partnership's lack of information regarding the physical
     location of its fleet of containers when on lease in the global shipping
     trade, it is impracticable to provide the geographic area information
     required by SFAS No. 131.

                                     ******


<PAGE>   10

Item 2. Management's Discussion and Analysis of Financial Condition and Results
        of Operations


It is suggested that the following discussion be read in conjunction with the
Registrant's most recent annual report on Form 10-K.


1)   Material changes in financial condition between March 31, 2000 and December
     31, 1999.

     At March 31, 2000, the Registrant had $1,375,609 in cash and cash
     equivalents, a decrease of $612,276 from the cash balances at December 31,
     1999. At March 31, 2000, the Registrant had approximately $187,000 in cash
     generated from equipment sales reserved as part of its cash balances.
     Throughout the remainder of 2000, the Registrant expects to use cash
     generated from equipment sales to purchase and replace containers which
     have been lost or damaged beyond repair.

     The Registrant's allowance for doubtful accounts increased from $23,470 at
     December 31, 1999 to $36,188 at March 31, 2000. This increase was
     attributable to the delinquent account receivable balances of approximately
     nine lessees. The Leasing Company has either negotiated specific payment
     terms with these lessees or is pursuing other alternatives to collect the
     outstanding balances. In each instance, the Registrant believes it has
     provided sufficient reserves for all doubtful accounts.

     On March 30, 2000, the Registrant borrowed $3,305,600 under a term loan for
     the purpose of acquiring additional equipment. The Registrant borrowed an
     additional $1,011,000 on April 28, 2000 with another $727,000 to follow
     sometime in May. The term loan was obtained from one lending source
     allowing the Registrant to take advantage of equipment purchasing
     opportunities pursuant to the Registrant's Partnership Agreement. The loan,
     due to expire in the year 2006, is scheduled to be fully repaid in
     twenty-four quarterly installments from leasing revenue received by the
     Registrant.

     The Registrant's cash distribution from operations for the first quarter of
     2000 was 8.0% (annualized) of the limited partners' original capital
     contribution, unchanged from the fourth quarter of 1999. These
     distributions are directly related to the Registrant's results from
     operations and may fluctuate accordingly.

     In order to take advantage of improving market conditions and stronger
     demand for leased containers, the Registrant undertook a strategy that was
     aimed at significantly reducing its inventory of idle equipment in some
     low-demand locations while, at the same time, fulfilling lessee container
     requirements. As part of this strategy, the Registrant offered leasing
     incentives to several lessees for picking up off-hire equipment from the
     Registrant's higher inventory areas. This not only resulted in stronger
     utilization of the Registrant's equipment, but it also significantly
     lowered Partnership expenses related to storage and handling.

2)   Material changes in the results of operations between the three-month
     periods ended March 31, 2000 and 1999.

     Net lease revenue for the three-month period ended March 31, 2000 was
     $810,544, an increase of approximately 19% from the same three-month period
     in the prior year. Gross rental revenue (a component of net lease revenue)
     for the three-month period ended March 31, 2000 was $1,123,818, reflecting
     an increase of 17% from the same three-month period in the prior year. Dry
     cargo container average per-diem rental rates for the three-month period
     ended March 31, 2000 declined approximately 9% when compared to the same
     three-month period in the prior year. Refrigerated container average
     per-diem rental rates for the three-month period ended March 31, 2000
     declined 5% when compared to the same period in the prior year. Tank
     container average per-diem rental rates for the three-month period ended
     March 31, 2000 declined 11% when compared to the same period in the prior
     year.


                                       10
<PAGE>   11

     The Registrant's average fleet size and utilization rates for the
     three-month periods ended March 31, 2000 and 1999 were as follows:

<TABLE>
<CAPTION>

                                                    Three Months Ended
                                                 -------------------------
                                                  March 31,      March 31,
                                                    2000           1999
                                                 ---------       ---------
<S>                                              <C>             <C>
Average fleet size (measured in twenty-foot
   equivalent units (TEU))
      Dry cargo containers                           6,815           6,840
      Refrigerated containers                          687             688
      Tank containers                                   52              52
Average utilization
      Dry cargo containers                            80.5%           74.2%
      Refrigerated containers                         95.6%           99.6%
      Tank containers                                 75.2%           76.1%
</TABLE>


     Rental equipment operating expenses were 16% of the Registrant's gross
     lease revenue during the three-month period ended March 31, 2000, as
     compared to 18% during the same three-month period ended March 31, 1999.
     This decrease was largely attributable to handling and storage costs
     associated with fluctuating utilization levels.

     YEAR 2000

     The Registrant relies upon the financial and operational systems provided
     by the Leasing Company and its affiliates, as well as the systems provided
     by other independent third parties to service the three primary areas of
     its business: investor processing/maintenance; container leasing/asset
     tracking; and accounting/finance. Neither the Registrant nor the Leasing
     Company experienced nor do they currently anticipate any material adverse
     effects on the Registrant's business, results of operations or financial
     condition as a result of Year 2000 issues involving internal use systems,
     third party products or any of their software products. Costs incurred in
     preparing for Year 2000 issues were expensed as incurred. Neither the
     Registrant nor the Leasing Company anticipate any additional material costs
     in connection with Year 2000 uncertainties. Pursuant to the Limited
     Partnership Agreement, CCC or the Leasing Company, may not seek
     reimbursement of data processing costs associated with the Year 2000
     program.



Item 3. Quantitative and Qualitative Disclosures About Market Risk

        Not applicable.
                                       11
<PAGE>   12

                           PART II - OTHER INFORMATION




Item 6. Exhibits and Reports on Form 8-K

(a)  Exhibits

<TABLE>
<CAPTION>

  Exhibit
    No.                        Description                         Method of Filing
 ---------    -------------------------------------------------    --------------------
<S>           <C>                                                  <C>

   3(a)       Limited Partnership  Agreement of the Registrant,    *
              amended and restated as of December 28, 1995


   3(b)       Certificate of Limited Partnership of the            **
              Registrant


   10         Form of Leasing Agent Agreement with Cronos          ***
              Containers Limited

   10.1       Note Purchase Agreement, dated as of March 30,       Filed with this document
              2000, by and between the Registrant (the
              "Company"), Cronos Containers Limited
              (the "Guarantor") and IBJ Whitehall Business
              Credit Corporation (the "Purchaser")


   10.2       Guarantee, dated as of March 30, 2000, by and        Filed with this document
              between the Guarantor, the Company and
              the Purchaser.

   10.3       Secured note, dated as of March 30, 2000, by         Filed with this document
              and  between the Company and the Purchaser


   10.4       Pledge and Security Agreement, dated as              Filed with this document
              of March 30, 2000, by and between the
              Registrant (the "Debtor") and IBJ
              Whitehall Business Credit Corporation
              (the "Secured Party)"

   27         Financial Data Schedule                              Filed with this document
</TABLE>


(b)  Reports on Form 8-K

     No reports on Form 8-K were filed by the Registrant during the quarter
ended March 31, 2000.



-------------
*     Incorporated by reference to Exhibit "A" to the Prospectus of the
      Registrant dated December 28, 1995, included as part of Registration
      Statement on Form S-1 (No. 33-98290)

**    Incorporated by reference to Exhibit 3.2 to the Registration Statement on
      Form S-1 (No. 33-98290)

***   Incorporated by reference to Exhibit 10.2 to the Registration Statement on
      Form S-1 (No. 33-98290)

                                       12


<PAGE>   13
                                   SIGNATURES



        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.




                                  CRONOS GLOBAL INCOME FUND XVI, L.P.


                                  By   Cronos Capital Corp.
                                       The General Partner




                                  By   /s/ Dennis J. Tietz
                                    --------------------------------------
                                       Dennis J. Tietz
                                       President and Director of Cronos
                                       Capital Corp. ("CCC")
                                       Principal Executive Officer of CCC




Date: May 15, 2000


                                       13



<PAGE>   14


                                  EXHIBIT INDEX


<TABLE>
<CAPTION>

  Exhibit
    No.                        Description                                          Method of Filing
 ---------    -------------------------------------------------                     --------------------
<S>           <C>                                                                   <C>
   3(a)       Limited Partnership  Agreement of the Registrant,                     *
              amended and restated as of December 28, 1995


   3(b)       Certificate of Limited Partnership of the                             **
              Registrant


   10         Form of Leasing Agent Agreement with Cronos                           ***
              Containers Limited


   10.1       Note Purchase Agreement, dated as of March 30,                        Filed with this document
              2000, by and between the Registrant (the "Company"),
              Cronos Containers Limited (the "Guarantor") and IBJ
              Whitehall Business Credit Corporation (the "Purchaser")


   10.2       Guarantee, dated as of March 30, 2000, by and                         Filed with this document
              between the Guarantor, the Company and the Purchaser.


   10.3       Secured note,  dated as of March 30, 2000, by and                     Filed with this document
              between the Company and the Purchaser


   10.4       Pledge and Security Agreement, dated as of March                      Filed with this document
              30, 2000, by and between the Registrant (the "Debtor")
              and IBJ Whitehall Business Credit
              Corporation (the "Secured Party)"


   27         Financial Data Schedule                                               Filed with this document
</TABLE>




-------------
*     Incorporated by reference to Exhibit "A" to the Prospectus of the
      Registrant dated December 28, 1995, included as part of Registration
      Statement on Form S1 (No. 33-98290)

**    Incorporated by reference to Exhibit 3.2 to the Registration Statement on
      Form S1 (No. 33-98290)

***   Incorporated by reference to Exhibit 10.2 to the Registration Statement on
      Form S1 (No. 33-98290)