<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> SEP-30-1996 <PERIOD-END> SEP-30-1996 <CASH> 23,118 <SECURITIES> 1,157,238 <RECEIVABLES> 1,514,743 <ALLOWANCES> 64,000 <INVENTORY> 0 <CURRENT-ASSETS> 1,226,164 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,636,514 <CURRENT-LIABILITIES> 257,132 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,379,382 <TOTAL-LIABILITY-AND-EQUITY> 2,636,514 <SALES> 0 <TOTAL-REVENUES> 122,368 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 44,878 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 77,490 <INCOME-TAX> 0 <INCOME-CONTINUING> 77,490 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 77,490 <EPS-PRIMARY> 0 <EPS-DILUTED> 0