<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 
STATEMENT OF FINANCIAL CONDITION AT 05/31/96 (UNAUDITED) & STATEMENT OF INCOME
FOR THREE MONTHS ENDED 05/31/96 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          FEB-29-1996
<PERIOD-START>                             MAR-01-1996
<PERIOD-END>                               MAY-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                         834,022
<SECURITIES>                                         0
<RECEIVABLES>                                  691,016
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,738,056
<PP&E>                                       1,230,427
<DEPRECIATION>                                 545,945
<TOTAL-ASSETS>                               3,692,089
<CURRENT-LIABILITIES>                          702,782
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         4,191
<OTHER-SE>                                   3,626,746
<TOTAL-LIABILITY-AND-EQUITY>                 3,692,089
<SALES>                                      1,131,106
<TOTAL-REVENUES>                             1,131,106
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               980,732
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              17,918
<INCOME-PRETAX>                                139,032
<INCOME-TAX>                                     1,320
<INCOME-CONTINUING>                            137,712
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   137,712
<EPS-PRIMARY>                                      .03
<EPS-DILUTED>                                      .03