<ARTICLE> 9
<LEGEND>
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION JUNE 30, 1996 CONSOLIDATED
STATEMENTS OF OPERATIONS JUNE 30, 1996 REFERENCE TO QUARTERLY REPORT FORM 10-Q
JUNE 30, 1996 LEGEND
</LEGEND>
       
                             
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<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
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