<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 100248 <SECURITIES> 0 <RECEIVABLES> 25507 <ALLOWANCES> 22097 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 577087 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 378312 <TOTAL-LIABILITY-AND-EQUITY> 577087 <SALES> 0 <TOTAL-REVENUES> 113277 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 34580 <LOSS-PROVISION> 1133 <INTEREST-EXPENSE> 8358 <INCOME-PRETAX> 69206 <INCOME-TAX> 0 <INCOME-CONTINUING> 69206 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 69206 <EPS-PRIMARY> 0 <EPS-DILUTED> 0