<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR 3-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 <PERIOD-END> DEC-31-1995 MAR-31-1996 <CASH> 3,050 2,125 <SECURITIES> 0 0 <RECEIVABLES> 4,793 5,444 <ALLOWANCES> 957 957 <INVENTORY> 0 0 <CURRENT-ASSETS> 3,180 2,291 <PP&E> 0 0 <DEPRECIATION> 0 0 <TOTAL-ASSETS> 14,842 14,611 <CURRENT-LIABILITIES> 237 184 <BONDS> 4,010 4,010 <COMMON> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 9,946 9,744 <TOTAL-LIABILITY-AND-EQUITY> 14,842 14,611 <SALES> 0 0 <TOTAL-REVENUES> 1,159 299 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 836 0 <INTEREST-EXPENSE> 430 120 <INCOME-PRETAX> (2,776) (202) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (2,776) (202) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (2,776) (202) <EPS-PRIMARY> (71.68) (5.22) <EPS-DILUTED> (71.68) (5.22)