<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 2,077,172 <SECURITIES> 0 <RECEIVABLES> 10,995,709 <ALLOWANCES> 9,867,164 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,205,867 <CURRENT-LIABILITIES> 10 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,205,857 <TOTAL-LIABILITY-AND-EQUITY> 3,205,857 <SALES> 0 <TOTAL-REVENUES> 150,235 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 98,595 <LOSS-PROVISION> 912,000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (860,360) <INCOME-TAX> 0 <INCOME-CONTINUING> (860,360) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (860,360) <EPS-PRIMARY> 0 <EPS-DILUTED> 0