<TABLE> <S> <C>

<ARTICLE> 5
<RESTATED>

<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JAN-01-1997             APR-01-1997             JUL-01-1997
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997
<CASH>                                       3,904,434               3,527,472               4,146,990
<SECURITIES>                                20,798,411              21,487,774              21,561,256
<RECEIVABLES>                                1,294,572               1,990,534               2,770,889
<ALLOWANCES>                                         0                       0                       0
<INVENTORY>                                          0                       0                       0
<CURRENT-ASSETS>                             5,826,683               6,226,524               7,713,663
<PP&E>                                         468,793                 473,824                 493,531
<DEPRECIATION>                                 202,048                 226,464                 251,159
<TOTAL-ASSETS>                              27,474,568              28,534,089              30,026,271
<CURRENT-LIABILITIES>                        1,568,938               1,657,174               1,992,622
<BONDS>                                              0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                         9,535                   9,581                   9,581
<OTHER-SE>                                  25,856,466              26,863,249              28,024,068
<TOTAL-LIABILITY-AND-EQUITY>                27,474,568              28,534,089              30,026,271
<SALES>                                      2,212,100               2,115,799               2,505,656
<TOTAL-REVENUES>                             2,212,100               2,115,799               2,505,656
<CGS>                                           39,194                  75,885                  71,161
<TOTAL-COSTS>                                1,366,608               1,042,277               1,224,321
<OTHER-EXPENSES>                                     0                       0                       0
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                           (257,644)               (272,597)               (276,471)
<INCOME-PRETAX>                              1,103,136               1,346,119               1,557,806
<INCOME-TAX>                                   408,161                 498,064                 475,131
<INCOME-CONTINUING>                            694,975                 848,055               1,082,675
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                   694,975                 848,055               1,082,675
<EPS-PRIMARY>                                      .07<F1>                 .09<F1>                 .11<F1>
<EPS-DILUTED>                                      .07<F2>                 .08<F2>                 .11<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128.
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128.
</FN>


</TABLE>