<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheets as of November 30, 1994 and the related consolidated
statements of operations for the year then ended and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1994
<PERIOD-END>                               NOV-30-1994
<CASH>                                           4,277
<SECURITIES>                                         0
<RECEIVABLES>                                      267
<ALLOWANCES>                                       179
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                             322
<DEPRECIATION>                                     304
<TOTAL-ASSETS>                                  50,963
<CURRENT-LIABILITIES>                                0
<BONDS>                                         34,382
<COMMON>                                        20,081
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     (5,361)
<TOTAL-LIABILITY-AND-EQUITY>                    50,963
<SALES>                                              0
<TOTAL-REVENUES>                                 9,297
<CGS>                                                0
<TOTAL-COSTS>                                    3,692
<OTHER-EXPENSES>                                 6,400
<LOSS-PROVISION>                                    59
<INTEREST-EXPENSE>                               3,088
<INCOME-PRETAX>                                (3,883)
<INCOME-TAX>                                   (1,500)
<INCOME-CONTINUING>                            (2,383)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                          440
<NET-INCOME>                                   (1,943)
<EPS-PRIMARY>                                   (1.32)
<EPS-DILUTED>                                   (1.32)