<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 60,196 <SECURITIES> 41,269 <RECEIVABLES> 3,041,384 <ALLOWANCES> (49,149) <INVENTORY> 0 <CURRENT-ASSETS> 3,142,849 <PP&E> 999,069 <DEPRECIATION> (105,117) <TOTAL-ASSETS> 3,987,652 <CURRENT-LIABILITIES> 1,905,480 <BONDS> 1,445,688 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 190,467 <OTHER-SE> 317,242 <TOTAL-LIABILITY-AND-EQUITY> 3,987,652 <SALES> 0 <TOTAL-REVENUES> 1,228,242 <CGS> 0 <TOTAL-COSTS> 807,190 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 286,477 <INCOME-PRETAX> 134,575 <INCOME-TAX> 5,800 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 128,775 <EPS-PRIMARY> 0 <EPS-DILUTED> 0