<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from interim financial statements for the period ending March 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 288 <SECURITIES> 0 <RECEIVABLES> 1,250 <ALLOWANCES> (60) <INVENTORY> 0 <CURRENT-ASSETS> 2,834 <PP&E> 4,694 <DEPRECIATION> (2,996) <TOTAL-ASSETS> 11,875 <CURRENT-LIABILITIES> 12,090 <BONDS> 9,724 <COMMON> 3,771 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (13,802) <TOTAL-LIABILITY-AND-EQUITY> 11,875 <SALES> 1,950 <TOTAL-REVENUES> 1,951 <CGS> 0 <TOTAL-COSTS> 1,828 <OTHER-EXPENSES> 185 <LOSS-PROVISION> 34 <INTEREST-EXPENSE> 71 <INCOME-PRETAX> (167) <INCOME-TAX> 0 <INCOME-CONTINUING> (167) <DISCONTINUED> 0 <EXTRAORDINARY> 1,142 <CHANGES> 0 <NET-INCOME> 975 <EPS-PRIMARY> .151 <EPS-DILUTED> .074