<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>

                             FINANCIAL DATA SCHEDULE

This  schedule  contains  summary  financial   information  extracted  from  the
unaudited financial  statements dated September 30, 2000 and is qualified in its
entirety by reference to such financial statements.

* Dollar  amounts are based on conversion  rate of 2190 Lire to the Dollar which
prevailed on September 30, 2000


</LEGEND>


<S>                                                                      <C>
<PERIOD-TYPE>                                                             9-MOS
<FISCAL-YEAR-END>                                                   DEC-31-2000
<PERIOD-END>                                                        SEP-30-2000
<CASH>                                                               14,713,000
<SECURITIES>                                                         12,784,000
<RECEIVABLES>                                                         3,196,000
<ALLOWANCES>                                                                  0
<INVENTORY>                                                                   0
<CURRENT-ASSETS>                                                     30,793,000
<PP&E>                                                                        0
<DEPRECIATION>                                                                0
<TOTAL-ASSETS>                                                       31,877,000
<CURRENT-LIABILITIES>                                                13,941,000
<BONDS>                                                                       0
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                 49,000
<OTHER-SE>                                                           17,887,000
<TOTAL-LIABILITY-AND-EQUITY>                                         31,877,000
<SALES>                                                                       0
<TOTAL-REVENUES>                                                         49,000
<CGS>                                                                         0
<TOTAL-COSTS>                                                             7,000
<OTHER-EXPENSES>                                                       (281,000)
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                        5,000
<INCOME-PRETAX>                                                         318,000
<INCOME-TAX>                                                                  0
<INCOME-CONTINUING>                                                     318,000
<DISCONTINUED>                                                       26,434,000
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                         26,355,000
<EPS-BASIC>                                                                4.64
<EPS-DILUTED>                                                              4.64





</TABLE>