<ARTICLE> BD
       
                                                  
<PERIOD-TYPE>                   6-MOS                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995             OCT-31-1994
<PERIOD-START>                             OCT-31-1995             OCT-31-1994
<PERIOD-END>                               APR-30-1996             APR-30-1995
<CASH>                                       2,830,119                 272,798
<RECEIVABLES>                                  193,385                (70,634)
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                              9,817               2,900,726
<PP&E>                                               0                       0
<TOTAL-ASSETS>                               3,033,321               3,102,890
<SHORT-TERM>                                         0                       0
<PAYABLES>                                      78,197                  45,395
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
<COMMON>                                     2,955,124               3,057,495
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                 3,033,321               3,102,890
<TRADING-REVENUE>                              399,815               (297,003)
<INTEREST-DIVIDENDS>                            60,696                 106,929
<COMMISSIONS>                                (106,954)               (141,512)
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                (57,611)                (40,581)
<INCOME-PRETAX>                                295,946               (372,167)
<INCOME-PRE-EXTRAORDINARY>                           0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   295,946               (372,167)
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0