<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 1,969,196 <SECURITIES> 0 <RECEIVABLES> 20,800 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 42,292,052 <CURRENT-LIABILITIES> 0 <BONDS> 1,587,623 <COMMON> 1,000 <PREFERRED-MANDATORY> 40,000,000 <PREFERRED> 0 <OTHER-SE> 169,592 <TOTAL-LIABILITY-AND-EQUITY> 42,292,052 <SALES> 0 <TOTAL-REVENUES> 1,869,296 <CGS> 0 <TOTAL-COSTS> 200,208 <OTHER-EXPENSES> 329,496 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,339,592 <INCOME-TAX> 457,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 882,592 <EPS-PRIMARY> (2,736) <EPS-DILUTED> 0