<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS CONTAINED IN THE BODY OF THE ACCOMPANYING FORM 10-Q AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                              
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<CASH>                                           1,756
<SECURITIES>                                        85
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  24,213
<CURRENT-LIABILITIES>                                0
<BONDS>                                         27,750
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           100
<OTHER-SE>                                     (4,329)
<TOTAL-LIABILITY-AND-EQUITY>                    24,213
<SALES>                                          2,362
<TOTAL-REVENUES>                                 2,470
<CGS>                                            2,560
<TOTAL-COSTS>                                    2,560
<OTHER-EXPENSES>                                   682
<LOSS-PROVISION>                                 1,017
<INTEREST-EXPENSE>                               1,535
<INCOME-PRETAX>                                (3,324)
<INCOME-TAX>                                        40
<INCOME-CONTINUING>                            (3,364)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (3,364)
<EPS-PRIMARY>                                   (0.34)
<EPS-DILUTED>                                   (0.34)