<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH
31, 1998, CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME
FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 1998, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND THE FOOTNOTES THERETO.
</LEGEND>
<MULTIPLIER>        1,000
       
<S>                                         <C>
<PERIOD-TYPE>                               3-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1998
<PERIOD-END>                                                        MAR-31-1998
<CASH>                                                                       134
<SECURITIES>                                                                   0
<RECEIVABLES>                                                             47,385
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                          51,071
<PP&E>                                                                     5,059
<DEPRECIATION>                                                             2,663
<TOTAL-ASSETS>                                                            78,014
<CURRENT-LIABILITIES>                                                     71,191
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                2,160
<COMMON>                                                                      24
<OTHER-SE>                                                               (9,001)
<TOTAL-LIABILITY-AND-EQUITY>                                              78,014
<SALES>                                                                        0
<TOTAL-REVENUES>                                                           9,645
<CGS>                                                                          0
<TOTAL-COSTS>                                                             10,680
<OTHER-EXPENSES>                                                               0
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                           319
<INCOME-PRETAX>                                                          (1,424)
<INCOME-TAX>                                                                   2
<INCOME-CONTINUING>                                                      (1,426)
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                             (1,480)
<EPS-PRIMARY>                                                              (.61)
<EPS-DILUTED>                                                                  0
        

</TABLE>