<ARTICLE> 5
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                           8,465
<SECURITIES>                                   474,000
<RECEIVABLES>                                4,500,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             4,982,465
<PP&E>                                          22,852
<DEPRECIATION>                                   4,171
<TOTAL-ASSETS>                              13,007,275
<CURRENT-LIABILITIES>                        4,216,544
<BONDS>                                      1,097,117
<PREFERRED-MANDATORY>                           13,315
<PREFERRED>                                          0
<COMMON>                                        12,490
<OTHER-SE>                                   4,100,550
<TOTAL-LIABILITY-AND-EQUITY>                 4,126,360
<SALES>                                              0
<TOTAL-REVENUES>                             5,075,768
<CGS>                                                0
<TOTAL-COSTS>                                2,284,928
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             333,889
<INCOME-PRETAX>                              2,984,242
<INCOME-TAX>                                 1,103,274
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,880,968
<EPS-PRIMARY>                                      .27
<EPS-DILUTED>                                      .16