<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>                   6-MOS
<FISCAL-YEAR-END>               OCT-31-1996
<PERIOD-START>                  NOV-01-1996
<PERIOD-END>                    APR-30-1996
<CASH>                          $ 2,701,609
<SECURITIES>                      4,157,772
<RECEIVABLES>                     1,714,494
<ALLOWANCES>                          7,900
<INVENTORY>                               0
<CURRENT-ASSETS>                  9,041,436
<PP&E>                           13,227,705
<DEPRECIATION>                   (2,228,062)
<TOTAL-ASSETS>                   22,801,029
<CURRENT-LIABILITIES>               920,061
<BONDS>                                   0
<COMMON>                          3,382,965
<PREFERRED-MANDATORY>                     0
<PREFERRED>                               0
<OTHER-SE>                       14,095,151
<TOTAL-LIABILITY-AND-EQUITY>     22,801,029
<SALES>                                   0
<TOTAL-REVENUES>                  5,356,307
<CGS>                                     0
<TOTAL-COSTS>                     3,246,800
<OTHER-EXPENSES>                          0
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                        0
<INCOME-PRETAX>                   2,109,507
<INCOME-TAX>                        725,021
<INCOME-CONTINUING>               1,384,486
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                      1,384,486
<EPS-PRIMARY>                          2.05
<EPS-DILUTED>                          2.05