<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