<ARTICLE>                     5
<LEGEND>
    THIS  SCHEDULE  CONTAINS  SUMMARY   INFORMATION   EXTRACTED  FROM  FINANCIAL
STATEMENTS ENCLOSED AS ITEM 22 IN THIS REGISTRATION STATEMENT.
</LEGEND>
<MULTIPLIER>                                         1
<CURRENCY>                                U.S. Dollars
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                            JUL-31-1997
<PERIOD-START>                               AUG-01-1996
<PERIOD-END>                                 JAN-31-1997
<EXCHANGE-RATE>                                        1
<CASH>                                           295,774
<SECURITIES>                                           0
<RECEIVABLES>                                          0
<ALLOWANCES>                                           0
<INVENTORY>                                            0
<CURRENT-ASSETS>                               7,373,634
<PP&E>                                            79,179
<DEPRECIATION>                                    18,981
<TOTAL-ASSETS>                                 7,433,832
<CURRENT-LIABILITIES>                          2,265,707
<BONDS>                                                0
<PREFERRED-MANDATORY>                             30,000
<PREFERRED>                                            0
<COMMON>                                               0
<OTHER-SE>                                     2,005,932
<TOTAL-LIABILITY-AND-EQUITY>                   7,433,832
<SALES>                                        4,029,908
<TOTAL-REVENUES>                                       0
<CGS>                                                  0
<TOTAL-COSTS>                                  3,621,637
<OTHER-EXPENSES>                                       0
<LOSS-PROVISION>                                       0
<INTEREST-EXPENSE>                                76,629
<INCOME-PRETAX>                                  (97,756)
<INCOME-TAX>                                      26,658
<INCOME-CONTINUING>                              (71,098)
<DISCONTINUED>                                         0
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                     (71,098)
<EPS-PRIMARY>                                      (0.02)
<EPS-DILUTED>                                      (0.02)