<ARTICLE> BD

                                                  
<PERIOD-TYPE>                   6-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-1999
<PERIOD-START>                             JAN-01-2000             JAN-01-1999
<PERIOD-END>                               JUN-30-2000             JUN-30-1999
<CASH>                                           7,341                   2,483
<RECEIVABLES>                                6,471,150              15,440,084
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                         27,502,076              49,972,082
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              33,980,567              65,414,649
<SHORT-TERM>                                         0                       0
<PAYABLES>                                   2,471,482               2,591,914
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  31,509,085              62,822,735
<TOTAL-LIABILITY-AND-EQUITY>                33,980,567              65,414,649
<TRADING-REVENUE>                            (633,062)                 839,196
<INTEREST-DIVIDENDS>                         1,075,755               1,817,717
<COMMISSIONS>                                1,189,347               2,582,169
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                       0                       0
<INCOME-PRETAX>                              (720,139)                  74,744
<INCOME-PRE-EXTRAORDINARY>                   (720,139)                  74,744
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 (720,139)                  74,744
<EPS-BASIC>                                     (2.06)                    0.11
<EPS-DILUTED>                                   (2.06)                    0.11