<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from the
Consolidated Balance Sheet and Statement of Operations and is qualified in its
entirety by reference to such financial statements
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1994
<PERIOD-START>                             OCT-01-1993
<PERIOD-END>                               SEP-30-1994
<CASH>                                           1,174
<SECURITIES>                                     1,979
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 131,467
<CURRENT-LIABILITIES>                                0
<BONDS>                                          6,671
<COMMON>                                        22,614
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      1,030
<OTHER-SE>                                      33,715
<TOTAL-LIABILITY-AND-EQUITY>                   131,467
<SALES>                                              0
<TOTAL-REVENUES>                                22,037
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                21,842
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                    195
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                195
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       195
<EPS-PRIMARY>                                    (.01)
<EPS-DILUTED>                                        0