<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEETS AND CONDENSED CONSOLIDATED STATEMENTS OF
INCOME ON PAGES 2 AND 3 OF THE COMPANY'S FORM 10-Q FOR THE YEAR-TO-DATE AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                       4,498,176
<SECURITIES>                                         0
<RECEIVABLES>                                4,437,489
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            20,649,928
<PP&E>                                       5,099,409
<DEPRECIATION>                                 771,145
<TOTAL-ASSETS>                              38,109,303
<CURRENT-LIABILITIES>                        2,209,339
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        44,232
<OTHER-SE>                                  31,193,934
<TOTAL-LIABILITY-AND-EQUITY>                38,109,303
<SALES>                                      2,437,391
<TOTAL-REVENUES>                            14,524,416
<CGS>                                          792,798
<TOTAL-COSTS>                               11,446,063
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           (388,580)
<INCOME-PRETAX>                              3,466,932
<INCOME-TAX>                                 1,325,119
<INCOME-CONTINUING>                          2,141,813
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,141,813
<EPS-PRIMARY>                                      .38
<EPS-DILUTED>                                      .38