<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1995 <PERIOD-START> OCT-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 20,592,370 <SECURITIES> 0 <RECEIVABLES> 7,387,629 <ALLOWANCES> (11,870,134) <INVENTORY> 18,169,451 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 34,279,316 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 33,067,586 <TOTAL-LIABILITY-AND-EQUITY> 34,279,316 <SALES> 0 <TOTAL-REVENUES> 824,282 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 451,138 <LOSS-PROVISION> 1,682,000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,308,856) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,308,856) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,308,856) <EPS-PRIMARY> (.11) <EPS-DILUTED> 0