<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 17,449 <SECURITIES> 1,132,612 <RECEIVABLES> 1,528,175 <ALLOWANCES> 64,000 <INVENTORY> 0 <CURRENT-ASSETS> 1,196,064 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,614,236 <CURRENT-LIABILITIES> 254,635 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,359,601 <TOTAL-LIABILITY-AND-EQUITY> 2,614,236 <SALES> 0 <TOTAL-REVENUES> 91,903 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 34,194 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 57,709 <INCOME-TAX> 0 <INCOME-CONTINUING> 57,709 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 57,709 <EPS-PRIMARY> 0 <EPS-DILUTED> 0