<ARTICLE>     5
<LEGEND>
  THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
  FROM THE BALANCE SHEETS AND STATEMENTS OF OPERATIONS AND IS QUALIFIED
  IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>               OCT-31-1996
<PERIOD-START>                  NOV-01-1995
<PERIOD-END>                    JAN-31-1996
<CASH>                          $ 2,285,834
<SECURITIES>                      4,657,316
<RECEIVABLES>                     1,033,176
<ALLOWANCES>                          7,900
<INVENTORY>                               0
<CURRENT-ASSETS>                  8,515,305
<PP&E>                           12,870,918
<DEPRECIATION>                    2,126,542
<TOTAL-ASSETS>                   22,013,733
<CURRENT-LIABILITIES>               910,783
<BONDS>                                   0
<COMMON>                          3,382,965
<PREFERRED-MANDATORY>                     0
<PREFERRED>                               0
<OTHER-SE>                       13,379,516
<TOTAL-LIABILITY-AND-EQUITY>     22,013,733
<SALES>                                   0
<TOTAL-REVENUES>                  2,444,993
<CGS>                                     0
<TOTAL-COSTS>                     1,541,171
<OTHER-EXPENSES>                          0
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                        0
<INCOME-PRETAX>                     903,823
<INCOME-TAX>                        319,476
<INCOME-CONTINUING>                 584,347
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                        584,347
<EPS-PRIMARY>                          0.86
<EPS-DILUTED>                          0.86