<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JAN-31-1996 <PERIOD-END> JUL-31-1995 <CASH> 35,876 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 41,979 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 473,524 <CURRENT-LIABILITIES> 26,508 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 130 <COMMON> 52,721 <OTHER-SE> 394,165 <TOTAL-LIABILITY-AND-EQUITY> 473,524 <SALES> 0 <TOTAL-REVENUES> 50,463 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 23,179 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 27,284 <INCOME-TAX> 0 <INCOME-CONTINUING> 27,284 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,284 <EPS-PRIMARY> 0.03 <EPS-DILUTED> 0.03