<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 36,210 <SECURITIES> 4,422,794 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 4,459,004 <CURRENT-LIABILITIES> 348,420 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,110,584 <TOTAL-LIABILITY-AND-EQUITY> 4,459,004 <SALES> 0 <TOTAL-REVENUES> 1,998,886 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 465,132 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,533,754 <EPS-PRIMARY> 0 <EPS-DILUTED> 0