<ARTICLE>      5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONDENSED
CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 1995 AND JUNE 30, 1994; AND
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTH
PERIODS ENDED MARCH 31, 1995 AND 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
        
                             
<PERIOD-TYPE>                  9-MOS
<FISCAL-YEAR-END>                             JUN-30-1995
<PERIOD-START>                                JUL-01-1994
<PERIOD-END>                                  MAR-31-1995
<CASH>                                            963,049
<SECURITIES>                                    1,844,445
<RECEIVABLES>                                   1,324,493
<ALLOWANCES>                                      181,697
<INVENTORY>                                             0
<CURRENT-ASSETS>                                4,018,417
<PP&E>                                            572,968
<DEPRECIATION>                                    179,306
<TOTAL-ASSETS>                                  6,561,093
<CURRENT-LIABILITIES>                           1,160,311
<BONDS>                                           659,321
<COMMON>                                           30,877
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                             0
<OTHER-SE>                                      4,710,584
<TOTAL-LIABILITY-AND-EQUITY>                    6,561,093
<SALES>                                                 0
<TOTAL-REVENUES>                                8,402,485
<CGS>                                                   0
<TOTAL-COSTS>                                           0
<OTHER-EXPENSES>                                        0
<LOSS-PROVISION>                                        0
<INTEREST-EXPENSE>                                 50,726
<INCOME-PRETAX>                                   303,755
<INCOME-TAX>                                       79,000
<INCOME-CONTINUING>                               224,755
<DISCONTINUED>                                    168,736
<EXTRAORDINARY>                                         0
<CHANGES>                                               0
<NET-INCOME>                                      393,491
<EPS-PRIMARY>                                         .12
<EPS-DILUTED>                                         .12