<ARTICLE> 5
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-END>                               OCT-31-1998
<CASH>                                              38
<SECURITIES>                                        59
<RECEIVABLES>                                    14583
<ALLOWANCES>                                         0
<INVENTORY>                                         57
<CURRENT-ASSETS>                                     0
<PP&E>                                              34
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                   33852
<CURRENT-LIABILITIES>                                0
<BONDS>                                           9822
<PREFERRED-MANDATORY>                              356
<PREFERRED>                                          0
<COMMON>                                          3507
<OTHER-SE>                                        1721
<TOTAL-LIABILITY-AND-EQUITY>                     33852
<SALES>                                              0
<TOTAL-REVENUES>                                  1131
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                  1326
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 520
<INCOME-PRETAX>                                  (195)
<INCOME-TAX>                                      (60)
<INCOME-CONTINUING>                              (135)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (135)
<EPS-PRIMARY>                                   (0.17)
<EPS-DILUTED>                                   (0.17)