<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> APR-30-1996 <PERIOD-END> OCT-31-1995 <CASH> 335,673 <SECURITIES> 0 <RECEIVABLES> 20,264,784 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,506,044 <PP&E> 18,241,176 <DEPRECIATION> (137,191) <TOTAL-ASSETS> 39,610,029 <CURRENT-LIABILITIES> 458,225 <BONDS> 0 <COMMON> 117,256 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 28,001,884 <TOTAL-LIABILITY-AND-EQUITY> 39,610,029 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,973,369 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 965,793 <INCOME-PRETAX> 18,072,023 <INCOME-TAX> 8,054,800 <INCOME-CONTINUING> 10,017,223 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,017,223 <EPS-PRIMARY> .82 <EPS-DILUTED> .82