<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 989,337 <SECURITIES> 0 <RECEIVABLES> 45,795 <ALLOWANCES> 15,552 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 5,584,504 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,687,982 <TOTAL-LIABILITY-AND-EQUITY> 5,584,504 <SALES> 0 <TOTAL-REVENUES> 2,163,088 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,269,106 <LOSS-PROVISION> 22,221 <INTEREST-EXPENSE> 237,226 <INCOME-PRETAX> 634,535 <INCOME-TAX> 0 <INCOME-CONTINUING> 634,535 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 634,535 <EPS-PRIMARY> 0 <EPS-DILUTED> 0