<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUL-31-2001 <PERIOD-END> OCT-31-2000 <CASH> 406 <SECURITIES> 42 <RECEIVABLES> 20,931 <ALLOWANCES> (119) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 18,205 <DEPRECIATION> 0 <TOTAL-ASSETS> 41,499 <CURRENT-LIABILITIES> 0 <BONDS> 9,839 <PREFERRED-MANDATORY> 0 <PREFERRED> 300 <COMMON> 3,413 <OTHER-SE> 3,750 <TOTAL-LIABILITY-AND-EQUITY> 41,499 <SALES> 0 <TOTAL-REVENUES> 1,537 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 861 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 727 <INCOME-PRETAX> (51) <INCOME-TAX> (17) <INCOME-CONTINUING> (34) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (34) <EPS-BASIC> (.03) <EPS-DILUTED> (.03)