<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1995 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                      60,239,861
<SECURITIES>                                71,610,360
<RECEIVABLES>                                  527,265
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                           132,450,176
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                             132,450,176
<CURRENT-LIABILITIES>                       70,596,887
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    61,853,289
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>               132,450,176
<SALES>                                              0
<TOTAL-REVENUES>                             9,463,209
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             3,425,300
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             318,048
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 5,719,861
<EPS-PRIMARY>                                     1.93
<EPS-DILUTED>                                     1.93