<ARTICLE> 5
<LEGEND>
"This schedule contains summary financial information extracted from
Banyan Short Term Income Trust's Form 10QSB for the quarter ended
June 30, 1995 and is qualified in its entirety by reference to such
Form 10QSB."
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                      11,518,815
<SECURITIES>                                 1,012,582
<RECEIVABLES>                                  248,903
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            12,780,300
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              27,449,432
<CURRENT-LIABILITIES>                          426,714
<BONDS>                                              0
<COMMON>                                    27,304,081
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   (281,363)
<TOTAL-LIABILITY-AND-EQUITY>                27,449,432
<SALES>                                              0
<TOTAL-REVENUES>                               272,606
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               498,904
<LOSS-PROVISION>                             (336,374)
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                314,767
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            314,767
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   314,767
<EPS-PRIMARY>                                     0.05
<EPS-DILUTED>                                     0.05