WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-END>                               JAN-31-1995
<CASH>                                         405,000
<SECURITIES>                                         0
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<BONDS>                                     39,802,000
<COMMON>                                    19,314,000
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<PREFERRED>                                          0
<OTHER-SE>                                   1,366,000
<TOTAL-LIABILITY-AND-EQUITY>                         O
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<TOTAL-REVENUES>                             3,224,000
<CGS>                                                0
<TOTAL-COSTS>                                2,514,000
<OTHER-EXPENSES>                                     0
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<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   686,000
<EPS-PRIMARY>                                      .44
<EPS-DILUTED>                                      .44