<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1995 <PERIOD-START> JUL-01-1994 <PERIOD-END> JUN-30-1995 <CASH> 20,635,762 <SECURITIES> 0 <RECEIVABLES> 6,513,924 <ALLOWANCES> 10,498,922 <INVENTORY> 15,385,214 <CURRENT-ASSETS> 20,862,254 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 32,035,978 <CURRENT-LIABILITIES> 416,164 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 31,619,814 <TOTAL-LIABILITY-AND-EQUITY> 32,035,978 <SALES> 0 <TOTAL-REVENUES> 2,172,074 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,847,653 <LOSS-PROVISION> 3,192,000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (2,867,579) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,867,579) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,867,579) <EPS-PRIMARY> (.23) <EPS-DILUTED> 0