<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AS OF FEBRUARY 28, 1995, AND THE RELATED
CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE QUARTER THEN ENDED AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH DOCUMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          NOV-30-1995
<PERIOD-END>                               FEB-28-1995
<CASH>                                           4,072
<SECURITIES>                                         0
<RECEIVABLES>                                      293
<ALLOWANCES>                                       139
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                             322
<DEPRECIATION>                                     306
<TOTAL-ASSETS>                                  49,842
<CURRENT-LIABILITIES>                                0
<BONDS>                                         34,115
<COMMON>                                        19,446
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      (5,329)
<TOTAL-LIABILITY-AND-EQUITY>                    49,842
<SALES>                                              0
<TOTAL-REVENUES>                                 1,906
<CGS>                                                0
<TOTAL-COSTS>                                      731
<OTHER-EXPENSES>                                   249
<LOSS-PROVISION>                                    35
<INTEREST-EXPENSE>                                 884
<INCOME-PRETAX>                                     42
<INCOME-TAX>                                        10
<INCOME-CONTINUING>                                 32
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        32
<EPS-PRIMARY>                                      .02
<EPS-DILUTED>                                      .02