<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS CONTAINED IN THE BODY OF THE ACCOUMPANYING FORM 10-Q AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1996
<CASH>                                           1,562
<SECURITIES>                                        70
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  21,442
<CURRENT-LIABILITIES>                                0
<BONDS>                                         26,371
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           100
<OTHER-SE>                                     (5,400)
<TOTAL-LIABILITY-AND-EQUITY>                    21,442
<SALES>                                          4,862
<TOTAL-REVENUES>                                 5,010
<CGS>                                            5,104
<TOTAL-COSTS>                                    5,104
<OTHER-EXPENSES>                                   942
<LOSS-PROVISION>                                 1,017
<INTEREST-EXPENSE>                               2,331
<INCOME-PRETAX>                                (4,384)
<INCOME-TAX>                                        51
<INCOME-CONTINUING>                            (4,435)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (4,435)
<EPS-PRIMARY>                                    (.44)
<EPS-DILUTED>                                    (.44)