EXHIBIT 1

      JOINT FILING AGREEMENT AMONG FRIEDMAN BILLINGS RAMSEY GROUP, INC.,
              FRIEDMAN BILLINGS RAMSEY GROUP, INC. VOTING TRUST,
          ERIC F. BILLINGS, EMANUEL J. FRIEDMAN AND W. RUSSELL RAMSEY

     WHEREAS, in accordance with Rule 13d-1(k) under the Securities and Exchange
Act of 1934 (the "Act"),  only one joint  statement and any  amendments  thereto
need to be filed  whenever  one or more  persons  are  required  to file  such a
statement or any  amendments  thereto  pursuant to Section 13(d) of the Act with
respect to the same securities, provided that said persons agree in writing that
such statement or amendments thereto is filed on behalf of each of them;

     NOW, THEREFORE, the parties hereto agree as follows:

     FRIEDMAN  BILLINGS RAMSEY GROUP, INC., FRIEDMAN  BILLINGS RAMSEY GROUP,
INC. VOTING TRUST,  ERIC F. BILLINGS,  EMANUEL J. FRIEDMAN AND W. RUSSELL RAMSEY
hereby  agree,  in  accordance  with  Rule  13d-1(k)  under  the Act,  to file a
statement  on Schedule  13G  relating to their  ownership of Common Stock of the
Issuer and do hereby further agree that said statement  shall be filed on behalf
of each of them.

                                        FRIEDMAN BILLINGS RAMSEY GROUP, INC.
Dated:   July 13, 1998                   By: /s/ EMANUEL J. FRIEDMAN
                                            ---------------------------------
                                            Name:  Emanuel J. Friedman
                                            Title: Chairman

Dated:   July 13, 1998                   FRIEDMAN BILLINGS RAMSEY GROUP, INC.
                                        VOTING TRUST
                                        By: /s/ ERIC F. BILLINGS
                                            ----------------------------------
                                                Eric F. Billings
                                                Trustee

                                        By: /s/ EMANUEL J. FRIEDMAN
                                           ----------------------------------
                                                Emanuel J. Friedman
                                                Trustee

                                        By: /s/ W. RUSSELL RAMSEY
                                           ----------------------------------
                                                W. Russell Ramsey
                                                Trustee

Dated:   July 13, 1998                   By: /s/ ERIC F. BILLINGS
                                           ----------------------------------
                                                Eric F. Billings

Dated:   July 13, 1998                   By: /s/ EMANUEL J. FRIEDMAN
                                           ----------------------------------
                                                Emanuel J. Friedman

Dated:   July 13, 1998                   By: /s/ W. RUSSELL RAMSEY
                                           ----------------------------------
                                                W. Russell Ramsey