<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAY-31-1995 <PERIOD-START> JUN-01-1994 <PERIOD-END> FEB-28-1995 <EXCHANGE-RATE> 1.000 <CASH> 149,657 <SECURITIES> 7,884,477 <RECEIVABLES> 895,358 <ALLOWANCES> (32,780) <INVENTORY> 0 <CURRENT-ASSETS> 22,433,375 <PP&E> 1,905,596 <DEPRECIATION> (1,200,485) <TOTAL-ASSETS> 26,972,892 <CURRENT-LIABILITIES> 963,702 <BONDS> 4,000,000 <COMMON> 72,553 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 21,936,637 <TOTAL-LIABILITY-AND-EQUITY> 26,972,892 <SALES> 3,722,234 <TOTAL-REVENUES> 3,722,234 <CGS> 0 <TOTAL-COSTS> 4,379,021 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 86,444 <INCOME-PRETAX> (512,150) <INCOME-TAX> (178,945) <INCOME-CONTINUING> (333,205) <DISCONTINUED> 1,468,176 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,134,971 <EPS-PRIMARY> 0.150 <EPS-DILUTED> 0.150