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EXHIBIT 11


COMPUTATION OF NET EARNINGS AND SHARES
USED IN ARRIVING AT NET EARNINGS PER SHARE
THREE MONTHS ENDED SEPTEMBER 30, 1995




                                         Primary and Fully Diluted
                                         -------------------------
                                         
                                            Three Months Ended
                                            September 30, 1995
                                            ------------------
                                          
Earnings:                                
- --------                                 
                                         
Net earnings                                 $       920,221
                                             ---------------
                                         
Less:  Dividends on preferred stock                      --
                                             ---------------
                                         
Net earnings applicable to common stock      $       920,221
                                             ===============
                                         
Computation of weighted number of        
 shares outstanding:                     
- --------------------                     
                                         
Shares outstanding on a diluted basis              5,516,414
                                             ===============






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