<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Financial Statements of Financial Condition at August 31, 1996 (Unaudited) and
the Statement of Income for the six months ended August 31, 1996 (Unaudited) and
is qualified in its reference to such financial statements.
</LEGEND>
<CIK> 0000036548
<NAME> FIRST MORTGAGE CORPORATION
       
                                       
<PERIOD-TYPE>                              6-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               AUG-31-1997
<CASH>                                         336,715
<SECURITIES>                                         0
<RECEIVABLES>                                  234,441
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                             619
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 601,293
<CURRENT-LIABILITIES>                            5,973
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      51,102
<TOTAL-LIABILITY-AND-EQUITY>                   601,293
<SALES>                                         38,380
<TOTAL-REVENUES>                                     0
<CGS>                                           30,557
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,564
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                     1,173
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     6,650
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0