<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-START> JUL-01-1995 <PERIOD-END> JUN-30-1996 <CASH> 5,312 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,312 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 8,485 <CURRENT-LIABILITIES> 1,675 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 100 <OTHER-SE> 6,710 <TOTAL-LIABILITY-AND-EQUITY> 6,810 <SALES> 0 <TOTAL-REVENUES> 392,788 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 376,684 <INCOME-PRETAX> 5,671 <INCOME-TAX> 1,675 <INCOME-CONTINUING> 3,996 <DISCONTINUED> 0 <EXTRAORDINARY> (67,344) <CHANGES> 0 <NET-INCOME> (63,348) <EPS-PRIMARY> (63.35) <EPS-DILUTED> 0