<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAY-31-2001 <PERIOD-START> JUN-01-2000 <PERIOD-END> AUG-31-2000 <CASH> 2702970 <SECURITIES> 0 <RECEIVABLES> 41122305 <ALLOWANCES> 5340136 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 12720973 <DEPRECIATION> 7935634 <TOTAL-ASSETS> 60193248 <CURRENT-LIABILITIES> 0 <BONDS> 18965828 <PREFERRED-MANDATORY> 0 <PREFERRED> 27000000 <COMMON> 34816 <OTHER-SE> (15190812) <TOTAL-LIABILITY-AND-EQUITY> 60193248 <SALES> 0 <TOTAL-REVENUES> 11112635 <CGS> 0 <TOTAL-COSTS> 9,749,526 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 2,881,479 <INTEREST-EXPENSE> 1,376,563 <INCOME-PRETAX> (2895099) <INCOME-TAX> 0 <INCOME-CONTINUING> (2895099) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2895099) <EPS-BASIC> (.10) <EPS-DILUTED> (.10)