<ARTICLE> BD
       
                                                  
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          OCT-31-1995             OCT-31-1994
<PERIOD-START>                             OCT-31-1995             OCT-31-1994
<PERIOD-END>                               JAN-31-1996             JAN-31-1995
<CASH>                                          11,069                 272,798
<RECEIVABLES>                                  430,226                (70,634)
<SECURITIES-RESALE>                          2,848,970               2,900,726
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                                  0                       0
<PP&E>                                               0                       0
<TOTAL-ASSETS>                               3,290,265               3,102,890
<SHORT-TERM>                                         0                       0
<PAYABLES>                                      65,719                  45,395
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
<COMMON>                                     3,224,546               3,057,495
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                 3,290,265               3,102,890
<TRADING-REVENUE>                              464,894               (102,989)
<INTEREST-DIVIDENDS>                            25,920                  46,624
<COMMISSIONS>                                 (56,679)                (81,922)
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                (29,963)                (14,980)
<INCOME-PRETAX>                                404,172               (153,267)
<INCOME-PRE-EXTRAORDINARY>                           0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   404,172               (153,267)
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0