<ARTICLE>                     5
       
                                           
<PERIOD-TYPE>                                  12-MOS
<FISCAL-YEAR-END>                              Jul-31-1996
<PERIOD-END>                                   Jul-31-1996                 
<CASH>                                         1,301,000
<SECURITIES>                                   3,877,000
<RECEIVABLES>                                  1,682,000
<ALLOWANCES>                                   0
<INVENTORY>                                    7,577,000
<CURRENT-ASSETS>                               3,941,000
<PP&E>                                             0
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 23,912,000
<CURRENT-LIABILITIES>                          1,258,000
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       16,425,000
<OTHER-SE>                                     0
<TOTAL-LIABILITY-AND-EQUITY>                   23,912,000
<SALES>                                        0
<TOTAL-REVENUES>                               30,452,000
<CGS>                                          20,275
<TOTAL-COSTS>                                  000
<OTHER-EXPENSES>                               28,428,000
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                0
<INCOME-TAX>                                   3,392,000
<INCOME-CONTINUING>                            806,000
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   2,586,000
<EPS-PRIMARY>                                  0.35
<EPS-DILUTED>                                  0.34