<ARTICLE> 5
<LEGEND>
Balance sheet as of June 30, 1995 and Statement of Operations for the
year ended June 30, 1995.
</LEGEND>
<CIK> 0000785655
<NAME> NEWMAN FINANCIAL CORPORATION
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               JUN-30-1995
<CASH>                                           4,240
<SECURITIES>                                 6,885,247
<RECEIVABLES>                                   53,734
<ALLOWANCES>                                         0
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<CURRENT-ASSETS>                                     0
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<TOTAL-ASSETS>                               7,190,930
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<BONDS>                                      6,881,397
<COMMON>                                           100
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<OTHER-SE>                                     265,353
<TOTAL-LIABILITY-AND-EQUITY>                 7,190,930
<SALES>                                              0
<TOTAL-REVENUES>                               667,293
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                11,684
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             645,199
<INCOME-PRETAX>                                 10,410
<INCOME-TAX>                                     2,000
<INCOME-CONTINUING>                                  0
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<NET-INCOME>                                     8,410
<EPS-PRIMARY>                                     8.41
<EPS-DILUTED>                                        0