<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 4,996,960 <SECURITIES> 0 <RECEIVABLES> 24,562,217 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 31,458,950 <PP&E> 7,707,623 <DEPRECIATION> 0 <TOTAL-ASSETS> 85,242,845 <CURRENT-LIABILITIES> 23,131,569 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,666 <OTHER-SE> 49,354,066 <TOTAL-LIABILITY-AND-EQUITY> 85,242,845 <SALES> 0 <TOTAL-REVENUES> 48,557,484 <CGS> 0 <TOTAL-COSTS> 46,820,598 <OTHER-EXPENSES> 4,850,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 130,900 <INCOME-PRETAX> (3,244,014) <INCOME-TAX> (5,095) <INCOME-CONTINUING> (3,238,919) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,238,919) <EPS-PRIMARY> (0.42) <EPS-DILUTED> (0.42)