<ARTICLE>   5
<LEGEND>
ART. 5 FDS FOR 1ST QUARTER 10-Q
</LEGEND>
<MULTIPLIER>   1,000
       
                                               
<PERIOD-TYPE>                                           3-MOS
<FISCAL-YEAR-END>                                 APR-30-1996
<PERIOD-END>                                      JUL-31-1995
<CASH>                                                 10,345
<SECURITIES>                                                0
<RECEIVABLES>                                          17,112
<ALLOWANCES>                                              989
<INVENTORY>                                                 0
<CURRENT-ASSETS>                                            0
<PP&E>                                                      0
<DEPRECIATION>                                              0
<TOTAL-ASSETS>                                         29,082
<CURRENT-LIABILITIES>                                       0
<BONDS>                                                25,757
<COMMON>                                                1,000
<PREFERRED-MANDATORY>                                       0
<PREFERRED>                                                 0
<OTHER-SE>                                               (230)
<TOTAL-LIABILITY-AND-EQUITY>                           29,082
<SALES>                                                   715
<TOTAL-REVENUES>                                          715
<CGS>                                                       0
<TOTAL-COSTS>                                               0
<OTHER-EXPENSES>                                          233
<LOSS-PROVISION>                                          175
<INTEREST-EXPENSE>                                        355
<INCOME-PRETAX>                                           (48)
<INCOME-TAX>                                                0
<INCOME-CONTINUING>                                       (48)
<DISCONTINUED>                                              0
<EXTRAORDINARY>                                             0
<CHANGES>                                                   0
<NET-INCOME>                                              (48)
<EPS-PRIMARY>                                               0
<EPS-DILUTED>                                               0