<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