<ARTICLE>                     5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED 
FROM THE COMPANY'S ANNUAL REPORT ON FORM 10-K FOR THE PERIOD ENDED JUNE 30, 1996
AND IS QUALIFIED IN IT ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                                           
<PERIOD-TYPE>                                  YEAR
<FISCAL-YEAR-END>                              JUN-30-1996
<PERIOD-END>                                   JUN-30-1996
<CASH>                                         666250
<SECURITIES>                                   29534282
<RECEIVABLES>                                  2592951
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               30668651
<PP&E>                                         7031761
<DEPRECIATION>                                 (4410709)
<TOTAL-ASSETS>                                 39307196
<CURRENT-LIABILITIES>                          29352645
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       339189
<OTHER-SE>                                     8204883
<TOTAL-LIABILITY-AND-EQUITY>                   39307196
<SALES>                                        14098762
<TOTAL-REVENUES>                               20262176
<CGS>                                          0
<TOTAL-COSTS>                                  17261592
<OTHER-EXPENSES>                               11565713
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             5695879
<INCOME-PRETAX>                                3000584
<INCOME-TAX>                                   1013517
<INCOME-CONTINUING>                            1987067
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   1987067
<EPS-PRIMARY>                                  .30
<EPS-DILUTED>                                  .30