<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                         784,476
<SECURITIES>                                         0
<RECEIVABLES>                               43,416,961<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            43,373,661
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              44,201,437
<CURRENT-LIABILITIES>                        1,833,995
<BONDS>                                     40,382,709<F2>
<COMMON>                                        50,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   1,934,733
<TOTAL-LIABILITY-AND-EQUITY>                44,201,437
<SALES>                                              0
<TOTAL-REVENUES>                             2,163,387
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             1,952,653<F3>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                210,734
<INCOME-TAX>                                    73,757
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   136,977
<EPS-PRIMARY>                                     2.49
<EPS-DILUTED>                                     0.00
<FN>
<F1>Accounts Receivable               43,000
    Collateral Notes Receivable   43,373,661
<F2>Loans Payable to Affiliates   40,382,709
<F3>Interest on Loan Agreement     1,315,994
    General and Administrative       636,659
</FN>