<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1996 <CASH> 5,936 <SECURITIES> 1,211,867 <RECEIVABLES> 1,526,227 <ALLOWANCES> 64,000 <INVENTORY> 0 <CURRENT-ASSETS> 1,263,776 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,689,783 <CURRENT-LIABILITIES> 252,138 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,437,645 <TOTAL-LIABILITY-AND-EQUITY> 2,689,783 <SALES> 0 <TOTAL-REVENUES> 49,486 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 18,515 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 30,971 <INCOME-TAX> 0 <INCOME-CONTINUING> 30,971 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 30,971 <EPS-PRIMARY> 0 <EPS-DILUTED> 0