<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-START> JUL-01-1995 <PERIOD-END> JUN-30-1996 <CASH> 2,020,695 <SECURITIES> 0 <RECEIVABLES> 587,925 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,711,346 <PP&E> 7 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,978,806 <CURRENT-LIABILITIES> 908,853 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8 <OTHER-SE> 2,069,945 <TOTAL-LIABILITY-AND-EQUITY> 2,978,806 <SALES> 2,841,549 <TOTAL-REVENUES> 3,318,577 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 120,825 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,197,752 <INCOME-TAX> 11,900 <INCOME-CONTINUING> 3,185,852 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,185,852 <EPS-PRIMARY> 1.59 <EPS-DILUTED> 1.59