<ARTICLE> 5
       
                             
<PERIOD-TYPE>                                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                       1,025,331
<SECURITIES>                                         0
<RECEIVABLES>                               52,062,806<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,067,345
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              53,088,137
<CURRENT-LIABILITIES>                        1,631,491
<BONDS>                                     49,176,921<F2>
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        50,000
<OTHER-SE>                                   2,229,725
<TOTAL-LIABILITY-AND-EQUITY>                53,088,137
<SALES>                                              0
<TOTAL-REVENUES>                             3,666,301
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             3,325,054<F3>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                341,247
<INCOME-TAX>                                   141,632
<INCOME-CONTINUING>                            199,615
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   199,615
<EPS-PRIMARY>                                     3.99
<EPS-DILUTED>                                        0
<FN>
<F1> Receivable:     Consists of A/R 42,014, and collateral notes Receivable 
                     52,020,792
<F2> Bonds:          Loans payable to affiliates 49,176,921
<F3> Other expenses: Interest on loan agreements 2,221,879 general and 
                     administrative 1,103,175
</FN>