<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                         134,762
<SECURITIES>                                         0
<RECEIVABLES>                                   81,926
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               216,688
<PP&E>                                             238
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 414,736
<CURRENT-LIABILITIES>                          364,672
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        73,755
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   414,736
<SALES>                                        178,991
<TOTAL-REVENUES>                               181,965
<CGS>                                                0
<TOTAL-COSTS>                                  134,497
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 47,468
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    47,468
<EPS-PRIMARY>                                      .64
<EPS-DILUTED>                                      .64