<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 7411 <SECURITIES> 0 <RECEIVABLES> 14385 <ALLOWANCES> 3944 <INVENTORY> 0 <CURRENT-ASSETS> 7679 <PP&E> 14215 <DEPRECIATION> 0 <TOTAL-ASSETS> 42759 <CURRENT-LIABILITIES> 645 <BONDS> 1645 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 40469 <TOTAL-LIABILITY-AND-EQUITY> 42759 <SALES> 0 <TOTAL-REVENUES> 2412 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 400 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2012 <INCOME-TAX> 0 <INCOME-CONTINUING> 2012 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2012 <EPS-PRIMARY> 8.41 <EPS-DILUTED> 8.41