<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 8,071 <SECURITIES> 0 <RECEIVABLES> 100,790 <ALLOWANCES> 4,578 <INVENTORY> 0 <CURRENT-ASSETS> 104,283 <PP&E> 935 <DEPRECIATION> 329 <TOTAL-ASSETS> 107,615 <CURRENT-LIABILITIES> 24,571 <BONDS> 44,662 <COMMON> 56 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 32,856 <TOTAL-LIABILITY-AND-EQUITY> 107,615 <SALES> 0 <TOTAL-REVENUES> 2,944 <CGS> 0 <TOTAL-COSTS> 1,480 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 277 <INTEREST-EXPENSE> 1,044 <INCOME-PRETAX> 143 <INCOME-TAX> 56 <INCOME-CONTINUING> 87 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 87 <EPS-PRIMARY> .02 <EPS-DILUTED> .02