<ARTICLE>   5
<LEGEND>
ART. 5 FDS FOR 3RD QUARTER 10-Q
</LEGEND>
<MULTIPLIER>   1,000
       
                                         
<PERIOD-TYPE>                               9-MOS
<FISCAL-YEAR-END>                           APR-30-1996
<PERIOD-END>                                JAN-31-1996
<CASH>                                            9,906
<SECURITIES>                                          0
<RECEIVABLES>                                    18,192
<ALLOWANCES>                                      1,332
<INVENTORY>                                           0
<CURRENT-ASSETS>                                      0
<PP&E>                                               49
<DEPRECIATION>                                       12
<TOTAL-ASSETS>                                   25,879
<CURRENT-LIABILITIES>                                 0
<BONDS>                                          52,662
<COMMON>                                            102
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           1
<OTHER-SE>                                      (34,009)
<TOTAL-LIABILITY-AND-EQUITY>                     25,879
<SALES>                                           2,835
<TOTAL-REVENUES>                                  2,835
<CGS>                                                 0
<TOTAL-COSTS>                                         0
<OTHER-EXPENSES>                                  2,483
<LOSS-PROVISION>                                    579
<INTEREST-EXPENSE>                                3,637
<INCOME-PRETAX>                                  (3,864)
<INCOME-TAX>                                          0
<INCOME-CONTINUING>                              (3,864)
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                     (3,864)
<EPS-PRIMARY>                                         0
<EPS-DILUTED>                                         0