<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 11,466,503 <SECURITIES> 58,098,854 <RECEIVABLES> 54,003,112 <ALLOWANCES> 10,231,836 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 58,046,463 <DEPRECIATION> 2,747,300 <TOTAL-ASSETS> 180,581,201 <CURRENT-LIABILITIES> 3,561,590 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,849,242 <OTHER-SE> 174,170,369 <TOTAL-LIABILITY-AND-EQUITY> 180,581,201 <SALES> 0 <TOTAL-REVENUES> 16,716,960 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,728,941 <LOSS-PROVISION> 4,450,000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,538,019 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,538,019 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,538,019 <EPS-PRIMARY> .12 <EPS-DILUTED> .12