<ARTICLE> BD <CIK> 0000897998 <NAME> HL FUNDING CO. INC. <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 68,582 <RECEIVABLES> 483,363 <SECURITIES-RESALE> 0 <SECURITIES-BORROWED> 0 <INSTRUMENTS-OWNED> 0 <PP&E> 0 <TOTAL-ASSETS> 551,945 <SHORT-TERM> 0 <PAYABLES> 216,495 <REPOS-SOLD> 0 <SECURITIES-LOANED> 0 <INSTRUMENTS-SOLD> 0 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 100 <OTHER-SE> 335,350 <TOTAL-LIABILITY-AND-EQUITY> 551,945 <TRADING-REVENUE> 0 <INTEREST-DIVIDENDS> 13,247 <COMMISSIONS> 0 <INVESTMENT-BANKING-REVENUES> 0 <FEE-REVENUE> 8,540 <INTEREST-EXPENSE> 5,462 <COMPENSATION> 279,444 <F1> <INCOME-PRETAX> (263,119) <INCOME-PRE-EXTRAORDINARY> (263,119) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (171,027) <F2> <EPS-PRIMARY> (171,027) <EPS-DILUTED> 0 <FN> <F1> $279,444 contains $11,950 legal and state fees and $60,344 for other operating expenses. <F2> (171,027) is net income after a tax benefit of $92,092.